From: Felicity W.
Hi all
Just curious about getting low doc loans for regional centres in Victoria.
I know various LVRs get thrown about for these loans, and I'm curious - what is required for a town to qualify as a regional centre?
does each lender have its own list of towns it considers qualify? Or can the population be a rough guide to whether or not a town will qualify?
For example, I would assume that Ballarat with 80000+ people or Bendigo with 70000+ would be classed as regional centres, but what about say Warrnambool or Mildura with around 25000+? Or even Bairnsdale or Horsham with 11000+?
Interested in people's feedback on this one, particularly anyone who has financed properties in regional Victoria.
Keep smiling
Felicity
Hi all
Just curious about getting low doc loans for regional centres in Victoria.
I know various LVRs get thrown about for these loans, and I'm curious - what is required for a town to qualify as a regional centre?
does each lender have its own list of towns it considers qualify? Or can the population be a rough guide to whether or not a town will qualify?
For example, I would assume that Ballarat with 80000+ people or Bendigo with 70000+ would be classed as regional centres, but what about say Warrnambool or Mildura with around 25000+? Or even Bairnsdale or Horsham with 11000+?
Interested in people's feedback on this one, particularly anyone who has financed properties in regional Victoria.
Keep smiling
Felicity
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