Non Bank Mortgage Broker New Zealand
Tired of Hearing NO from the Banks? Our mortgage brokers can help make homeownership possible with a non bank loan.
The lending team at OneStop regularly work with a number of Non-bank lenders and have years of experience in non-bank sector. It’s not always possible to get a loan with the bank, low deposits, less than ideal credit or self-employment can be a few things that make getting a home loan from a main stream bank difficult. This is where non-bank lenders come in to play. While the process is much the same, non bank lenders can be more lenient and take a different approach to your normal banks, as they are not governed by the Reserve Bank of New Zealand.
$6 million in non bank home loans were registered in February 2024.
Non-bank lending institutions play an increasingly significant role for New Zealander’s buying homes. According to the Reserve Bank of New Zealand, approximately 3% of home loans registered are with non bank lenders.
Our dedicated mortgage brokers are focused on securing non bank loans for our clients who traditionally face roadblocks on the path to homeownership.
These include:
- Low Deposits – We get creative and find solutions for potential homeowners with limited savings. Our case study is a perfect example of this.
- Credit Challenges – A less than perfect credit score doesn’t mean owning a home is out of reach. There are options, and we can help.
- Self Employed – Being your own boss shouldn’t disqualify you from buying a home.
- Rejection Fatigue – If you’re disheartened and drained from repeated rejections, we’ll provide you with a fresh perspective and new possibilities.
Let’s create a roadmap towards approval with a non bank loan. Talk to us today.
Benefits of Working with OneStop Financial Solutions for Non Bank Loans
Flexible Requirements
Traditional banks often have rigid criteria that don’t fit everyone’s situation. We specialise in finding lenders with flexible criteria that adapt to your unique circumstances, making it easier for you to qualify even when others have said no.
Personalised Service
With OneStop Financial Solutions, you’re not just a number. We provide personalised service to each of our clients, ensuring that you feel heard, valued, and understood throughout the entire process. We are a small team, who take the time to get to know your individual needs and craft solutions that are tailored just for you.
Faster Approvals
We know that time is of the essence when it comes to buying your home. That’s why we work diligently to streamline the approval process, helping you move faster from application to approval. With our expertise in non-bank lending, we can often accelerate the timeline so you can get the keys to your new home sooner.
Flexible Loan Structuring
Every financial situation is different, and we believe your loan should reflect that. We offer more creative and flexible loan structuring such as interest-only payments, longer loan terms, or tailored repayment plans that match your cash flow.
Access to a Broad Lending Network
Unlike traditional banks that only sell their own products, we have access to a wide range of non-bank lenders. This means more options, competitive rates, and better chances of finding a loan that suits your needs.
Support Beyond the Loan
Our commitment to you doesn’t end once the loan is secured. We provide ongoing support to ensure that you remain confident and comfortable with your mortgage arrangement. Whether it’s advice on refinancing in the future or help understanding your repayment schedule, at OneStop Financial Solutions, we are here for you every step of the way.
Ready to experience the difference? Let’s start your journey to homeownership together, with solutions that put YOUR needs first.
Contact OneStop Financial Solutions today to discuss how we can tailor a non-bank loan that’s perfect for you.
Our Mortgage Brokers Have Helped Secure Non Bank Loans For:
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Frequently Asked Questions About Non Bank Lending
What is a Non Bank Loan?
A non-bank loan is a mortgage or personal loan provided by lenders who are not traditional banks. These lenders are often more flexible and can provide loans to people who do not meet the strict criteria of traditional banks, such as those with less-than-perfect credit scores or irregular income.
Who should consider a non-bank loan?
Non-bank loans are ideal for borrowers who might be unable to secure financing from traditional banks. This includes people with low credit scores, the self-employed with irregular income, those with non-traditional employment, or people who need faster loan approval than what is typically offered by banks.
Are non-bank loans more expensive than bank loans?
Non-bank loans can have higher interest rates and fees compared to traditional bank loans. This is due to the higher risk associated with lending to individuals who do not meet standard lending criteria. However, they offer flexibility and a higher chance of approval under circumstances that traditional banks typically reject.
What are the requirements to qualify for a non-bank loan?
The requirements can vary widely depending on the lender. Generally, lenders will look at your credit history, income stability, debt-to-income ratio, and the amount of deposit you have. Non-bank lenders may be more flexible in considering these factors compared to traditional banks.
How long does it take to get a non-bank loan?
The time to get a non-bank loan can be significantly shorter than getting a loan from a traditional bank. Many non-bank lenders can make a decision within a few days, as they often have less stringent approval processes.
Can I refinance a non-bank loan with a traditional bank in the future?
Yes, it is possible to refinance a non-bank loan with a traditional bank in the future. Many people use non-bank loans as a temporary solution to improve their financial standing and then refinance to a traditional bank loan once they meet the bank’s lending criteria.
