Firstmac's Alt Doc Home Loan is a no-frills mortgage designed for straightforward home financing, offering competitive variable rates with principal and interest repayments only. Borrow up to $3,000,000 (up to 80% LVR), make unlimited extra repayments, and access funds anytime with a convenient redraw facility, all with no ongoing fees. Available where at least one borrower is self-employed and requires an alternative method of income verification, such as Business Activity Statements.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Comparison* | Applies to | Conditions | Source | Since |
|---|---|---|---|---|---|
| 7.19% | 7.25% | Variable · investment · principal and interest · LVR 70% or less | Specialist lending | CDR | 1 Nov 2026 |
| 7.29% | 7.35% | Variable · investment · principal and interest · LVR 70%–80% | Specialist lending | CDR | 1 Nov 2026 |
| 6.99% | 7.05% | Variable · owner occupied · principal and interest · LVR 70% or less | Specialist lending | CDR | 1 Nov 2026 |
| 7.09% | 7.15% | Variable · owner occupied · principal and interest · LVR 70%–80% | Specialist lending | CDR | 1 Nov 2026 |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable.
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Source
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- 1 Nov 2026
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https://prd.pm.productdata.au/05a7dab9-5ad2-42b2-81e9-ed48e05ba21b/adapter/cds-au/v1/banking/products/fmc-alt-doc- Content hash
sha256 f3b62249fea0c5d11b2f6e73f8cf54c53f9244e8770688f684c03203ff297e01- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_f3b62249fea0c5d1_f8b3a0edShow details
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- 1 Nov 2026
- URL
https://prd.pm.productdata.au/05a7dab9-5ad2-42b2-81e9-ed48e05ba21b/adapter/cds-au/v1/banking/products/fmc-alt-doc- Content hash
sha256 f3b62249fea0c5d11b2f6e73f8cf54c53f9244e8770688f684c03203ff297e01- Excerpt
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mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Application Fee | Upfront | $0.00 |
| Valuation Fee | Event | Set in your letter of offer |
| Documentation Fee | Event | $300.00 |
| Discharge Administration Fee | Exit | $300.00 |
| Settlement Fee | Event | $300.00 |
| Discharge Documentation Fee | Exit | $250.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Extra repayments | Allows borrowers to make additional repayments on the loan to reduce interest and pay off the loan faster. | |
| Redraw | Enables access to any extra repayments made, allowing funds to be withdrawn if needed. | |
| Eligibility: residency status | Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia. | |
| Eligibility: min age | 18 | Applicants must be at least 18 years old to apply for this loan. |
| Eligibility: employment status | Self employed | Available where at least one borrower is self-employed and requires an alternative method of income verification, such as Business Activity Statements. |
| Limit: max limit | 3000000.00 | |
| Limit: min limit | 50000.00 | |
| Limit: other | P15Y | |
| Limit: other | P30Y |
Rate history
| Rate | From | To | Rate p.a. | Comparison |
|---|---|---|---|---|
| Variable · owner occupied · principal and interest · LVR 70%–80% | 1 Nov 2026 | Current | 7.09% | 7.15% |
| Variable · owner occupied · principal and interest · LVR 70% or less | 1 Nov 2026 | Current | 6.99% | 7.05% |
| Variable · investment · principal and interest · LVR 70%–80% | 1 Nov 2026 | Current | 7.29% | 7.35% |
| Variable · investment · principal and interest · LVR 70% or less | 1 Nov 2026 | Current | 7.19% | 7.25% |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable.
Tags
| Tag | Meaning | Effect |
|---|---|---|
risk:specialist | Specialist lending | Left out of the standard home loan table; separate switch |
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