Bad Credit Home Loans – Real Solutions When the Bank Says No

Unlike going directly to a bank, we compare multiple lenders and tailor a solution to suit you.

With over 30 years’ experience, we specialise in both straightforward and more complex scenarios — often finding solutions where others can’t.

As mortgage brokers, we’re also bound by Best Interests Duty, meaning we’re legally required to act in your best interests — not the lender’s.

We can review your options (including your credit file) without leaving multiple enquiry marks that may impact your score, so you can explore what’s possible with confidence.

With strong reviews, real client results, and conveyancing support in Victoria, we’re here to guide you from start to finish.

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Poor credit generally refers to your overall credit history, including missed repayments, defaults or high levels of debt.

Your credit score is a number that reflects this history at a point in time. While your credit score is important, lenders also look at the bigger picture — including your income, expenses and ability to repay.

This means some borrowers may still be eligible for home loan if their credit score is lower. Lenders have different criteria, it about knowing who will help with a bad credit score and also who will help with bad credit like defaults and arrears.

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If you’re self-employed and having trouble proving your income, it’s still worth exploring your options  with a mortgage broker before applying. Many lenders assess income differently, and some offer alternative income options with more flexible documentation requirements.

Rather than applying directly and risking a decline, it’s best to speak with a broker first. At WhiteStar, we’ll guide you on what paperwork may be accepted by different lenders and help you understand your options before you apply.  If you are about to lodge your tax returns, it can be a good idea to wait and speak to a broker before they are lodged. 

Self Employed Home Loan Case Study

Yes, a home loan is often still possible after missed repayments. Some lenders offering bad credit home loan solutions or poor credit options will look at your current position and ability to meet repayments moving forward. Also the story and events behind these arrears are also important for finding what options are available.  Our Home Loan Brokers often look deeper and try to get an everyday home loan solution if we can. Its important to understand your options before the arrears grow.  We always recommend in times of financial pressure to pay the mortgage first.  Ideally come to an experienced broker to not end up Trapped with finances you cannot manage as soon as possible.

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Yes — using equity to pay off debts is one of the most common reasons people refinance.

By rolling personal loans, credit cards, and other debts into your home loan, you can often simplify multiple repayments into one and improve your overall cashflow.

In many cases, we’ve helped clients significantly reduce their monthly commitments — giving them some much-needed breathing room.

Using this approach to manage cost of living and lifestyle pressures can be helpful, especially as a reset.

However, it’s important to be mindful of relying on this too often, as it can increase interest over time by spreading short-term debts over a longer loan term.

An Example of Creating Breathing Room

Nearly 77% of home loans in Australia are arranged through mortgage brokers — because they offer a wider, more tailored range of options.

A broker compares multiple lenders (not just one bank), helping you find the right fit — especially if you have a poor credit score or need bad credit options.

We also follow Best Interests Duty (BID), meaning we must act in your best interests, and we can assess your options without leaving multiple credit enquiries on your file, which can impact your score.

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Yes — many people use equity in their home as a deposit, meaning you may not need cash savings.

Rental income can help with repayments, and there may be tax benefits, but it’s important to ensure the strategy suits your situation and risk comfort.

Lenders assess investment income and expenses differently, which can impact borrowing capacity — so working with a broker helps ensure the loan is structured correctly for you.

You’ll still need to service the loan based on your income and commitments.

Yes — refinancing can reduce repayments by securing a lower rate, restructuring your loan, or consolidating debts.

We help clients with this every day and have many case studies where repayments have reduced significantly.

Where possible, we aim to maintain your loan term, but sometimes extending it forms part of the solution. The key is ensuring the refinance genuinely improves your position.

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Yes in many cases you can get a home loan with Bad Credit.  Options are very much dependent on the situation and financials.

You Might Have More Options Than You Think

Many people come to WhiteStar thinking they need a bad credit home loan and that their options are limited.

In many cases, once we understand the full background, we’re able to help secure a standard home loan — simply by matching the right lender and approach to the situation.

Just because your credit score is low doesn’t always mean you’re out of options.

See some of Our Case Studies