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First Home Owner Package loan

What you'll need - EECU

To help us process your loan application quickly, please supply the following with your application:

Proof of
income
If you are paid salary or wages (not required if you are whole-of-pay to EECU)
  • A copy of your most recent pay slip or
  • A letter from your employer on company letterhead stating your rate of pay; or
  • A copy of your employment agreement on the company's letterhead

If you are self-employed
  • Last two year’s personal tax returns and tax assessment notices
  • Last two year’s company/business tax returns, Profit and Loss Statements and Balance Sheets
  • Projected Profit and Loss Statement for the next 12 months (if 2 year’s financial statements are not yet available)

If you receive rental income
  • Copy of the most recent Rental Statement; or
  • Bank statement showing rent payments

Other income
  • Family Allowance - Letter from Centrelink confirming payment amount.
  • Maintenance - Copy of court order or Child Support Agency statement (We need proof that payments are being received eg: bank statements)

Details of what you owe (liabilities)

  • Copies of the most recent Loan/Credit Card statements showing the balance owing and credit limits

First home owners

  • 6 months of all Banking Statements (investment and day to day banking)

Secured mortgage
  • If the property being used as security for the loan is being purchased, please supply a copy of the signed Contract of Sale. Please advise the name, address and telephone number of the solicitor who will be acting on your behalf.
  • If the property is fully owned by you, please supply a copy of the Certificate of Title (original Title will be required prior to funding) and a copy of your Rates Notice showing the Capital Improved Value.

Construction loan
  • Full copy of fixed price Building Contract, Plans and specifications
  • Copy of Council approved Building Permit
  • Copy of Builders Risk Insurance Policy
  • Copy of Certificate of Title (if not held by EECU, original will be required prior to funding)

Extensions and renovations
  • Copy of quote for work to be completed
  • Plans and Specifications
  • Council approved Building Permit, where required
  • Most recent Rates Notice showing Capital Improved Value
  • Copy of Certificate of Title (if not held by EECU, original will be required prior to funding)

Refinance loan
or debt
consolidation
  • Statements of last 3 months for all loans and credit cards
  • Copy of Certificate of Title
  • Most recent Rates Notice showing Capital Improved Value


Final Checklist



Before sending the application form back to EECU, have you:
  • Attached confirmation of income and liabilities
  • Attached supporting documentation
  • Signed and fully completed loan application

A copy of the checklist is available for download.