Home loans after past credit issues

A default or missed payments in your past? We'll help Bankstown & South West Sydney borrowers find lenders who look at the whole picture.

A rough patch doesn't have to cost you a home.

Life happens. A business that didn't work out, an illness, a separation, a bill that slipped through the cracks - and suddenly there's a mark on your credit file. It doesn't mean you'll never get a home loan.


At Infinity Mortgage Brokers, we help borrowers across Bankstown and South West Sydney understand where they stand and what's realistically possible. No judgement, just straight answers.

Can I get a home loan with past credit issues?

Often, yes. Some lenders specialise in looking past the score to the story behind it. They'll consider things like:

  • Paid and unpaid defaults
  • Late or missed repayments
  • Previous arrears that are now up to date
  • Discharged bankruptcy or a completed debt agreement
  • How long ago it happened, and why
  • Your income and savings today

We'll look at your credit file with you and work out which lenders are worth approaching.

Will it cost me more?

Usually, at least at first. Specialist lenders charge a higher rate to reflect the extra risk. But it doesn't have to be forever.


After a period of repayments made on time, many borrowers can refinance to a mainstream lender at a better rate. We plan for that from the start.

How Infinity Mortgage Brokers can help

We give South West Sydney borrowers honest advice and a clear way forward. Here's what you get with us:

  • A confidential review of your credit file
  • Access to specialist and non-bank lenders on our panel
  • One well-prepared application, to protect your file from more enquiries
  • A plain explanation of rates, fees and what to expect
  • A plan to move to a better rate down the track

If now isn't the right time, we'll tell you what to work on.

Want an honest opinion on where you stand?

Let's chat! Schedule a free introductory call with us now.

  • Can I get a home loan with past credit issues in Bankstown?

    Yes, in many cases you can get a home loan with past credit issues. A default, some late payments or an uneven credit history does not automatically exclude you.


    What lenders examine


    Lenders examine what happened, when, whether it has been paid, and how your finances look today.


    Banks and specialist lenders


    The major banks apply stricter rules. Specialist and non bank lenders are set up for these situations and charge a higher rate.


    What helps


    A larger deposit, stable income and a clear explanation of what went wrong all help.


    The rate can come down


    The higher rate can often be reviewed once your record improves.


    Looking at your file


    Infinity Mortgage Brokers in Bankstown reviews your credit file with you before anything is lodged. Our guide to home loans with low credit scores explains the options.

  • Which credit issues will home loan lenders consider?

    Home loan lenders that specialise in credit issues will consider a range of circumstances, including:

    • Paid and unpaid defaults

    • Late or missed repayments

    • Arrears that have since been cleared

    • A discharged bankruptcy or completed Part IX debt agreement

    • A heavy load of existing debt


    How each case is judged


    Each case is judged on its own facts. The age, size and cause of the problem all matter.


    What improves your chances


    Evidence that the issue is resolved, stable income since, and a larger deposit all improve your chances.


    A plain assessment


    Infinity Mortgage Brokers reviews your credit file and says plainly what is achievable for borrowers across South West Sydney. If bankruptcy is part of your history, see our guide to home loans for discharged bankrupts.

  • Will my interest rate be higher with past credit issues?

    Yes, your interest rate will usually be higher at first with past credit issues. Specialist loans are priced for higher risk.


    How much higher


    The rate sits above what a major bank would charge a borrower with a clean record. The gap depends on the severity and age of the issue.


    Other costs


    Some specialist lenders also charge higher establishment fees or a risk fee, so compare the total cost.


    What you gain


    You gain the ability to buy or consolidate now instead of waiting years for your file to clear.


    It need not be permanent


    After a period of repayments made on time, many borrowers can refinance to a mainstream lender at a lower rate.


    Planning the exit


    Infinity Mortgage Brokers plans for that step from the beginning with Bankstown borrowers.

  • Can applying for a home loan make my credit worse?

    Applying for a home loan can make your credit worse if it is done carelessly. Every application is listed on your credit file as an enquiry.


    Why several applications hurt


    A cluster of enquiries in a short time makes the next lender more cautious.


    The safer course


    The safer course is one application, to a lender that suits your circumstances.


    Check your own file first


    You can request a free copy of your credit report from the credit reporting bodies. Checking your own file does not affect your score.


    Working out where you stand


    Infinity Mortgage Brokers works out where you stand before anything is lodged, for borrowers across South West Sydney. If you have already been turned down, read our guide to getting a home loan after being declined.