Company & Trust Home Loans
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Looking to trust home loan?
Get trust home loan approved with Zenith Financial
Analysing the benefits and drawbacks of a company & trust home loan will help you understand whether it fits your long-term goals and ensure that the decision aligns with your objectives.
Speak with our mortgage brokers, and we’ll help you make well-informed decisions and prepare a strong application to get financing with your chosen lender successfully. Every detail of your trust loan, along with all paperwork and considerations, will be considered to maximise your chances of getting approval and securing your investment.
With over 1000+ loans approved, we know how a trust loan works and which lenders will approve your trust home loan application.
What are trust home loans?
Trust home loans work around the context of a trust agreement and are alternatives to a standard home loan, often used for asset protection and tax purposes.
Different types of trusts you can use to apply
Depending on their policy and your financial situation, lenders may limit the types of trusts you can use to apply for a home loan. Here are a few of the trust types commonly considered when approving home loans:
- Family Trusts or Discretionary Trusts
- Hybrid Trust
A hybrid trust is a combination of fixed and discretionary trusts. It allows the trustee to have some control over how they distribute and position the assets while also giving its beneficiaries the right to receive regular entitlements like special units.
Every lender may have a unique trust home loan policy or standard, as some trust types may be easier to work with and get approval than others. Moreover, the trust’s provisions may also affect your chosen lender’s decision to approve your loan application.
What lenders look for in a trust when applying?
Banks and non-bank lenders consider several variables to verify your eligibility when you apply for a trust home loan. Here are a few considerations that lenders account for when processing trust home loan applications:
- Banks may prefer discretionary trusts and family trusts, while some accept SMSFs, hybrid trusts.
- Lenders may also examine your trust deed to verify that the trustee is authorised to apply for a loan.
What documents should I prepare?
Providing as many financial statements and documents as possible should help us thoroughly evaluate your eligibility and strengthen your loan application by finding the right lenders.
We will also facilitate your trust home loan application by helping your chosen lender determine whether your trust qualifies for a home loan and your capacity to take up the loan.
Most banks and non-bank lenders will require the following documents:
- A certified true copy of the trust deed along with the stamp of a certified copy of the company’s bylaws
- Identification of each trustee, director, and trust beneficiary
- Notices of assessment and tax returns of the trust (at least 2 years recent)
Pros and Cons of a Company & Trust Home Loan
Like most types of home loans, a company & trust home loan has its share of benefits and drawbacks.
Real estate, along with other assets, can also be protected from creditors and lawsuits by being in a trust. This is a great factor if you are worried about protecting your home against financial troubles or prospective litigation (getting seized by your lender).
Disadvantages of a trust home loan
Depending on the lender, company & trust home loans can have higher interest rates and steep closing charges. That could add to your total payments on top of other borrowing expenses.
Managing the loan under a trust can be more complex and meticulous than managing a home loan in personal name. Hence, you may need to seek expert guidance to smoothly navigate through the legal and financial aspects of your trust home loan, which adds up to the cost.
Our Lenders
Trust Home Loan FAQs
Definitely! Knowing which lender accepts your trust type and home loan amount is key to getting approved without extra fees or a higher rate.
It also helps to ensure that the lender evaluates your application as a home loan and not a commercial one. Our mortgage brokers at Zenith Financial will help you lobby your loan application and improve your chances of getting approval by highlighting the trust’s strongest points.
Where experience counts
Having encountered thousands of different scenarios, our team is well equipped to find you suitable solutions. Having the right mortgage broker by your side is essential to ensure you are getting the absolute best deal for your unique situation.
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Your success is our success
We understand everyone’s circumstances are different and we take the time to understand you and your goals. We value forming lifelong relationships with all our clients and we are fully committed to adding value every step of the way.
We know that mortgages can sometimes be complex and hard to understand. We focus on simplifying the process for you and we treat your loan as if it were our very own. Let us do what we do best so there’s one less thing for you to worry about.