ANZ Home Loan Review 2026

Lenders Mortgage Insurance (LMI) is usually an extra cost when you borrow more than 80% of the property's value. ANZ can waive it for selected professions, but the exact occupation and qualification matter.

ANZ does not set the $120k minimum professional income used by some lenders for similar legal and accounting waivers. You still need enough income to afford the loan.

Changed jobs recently? The length of the gap can determine whether ANZ will consider you now or ask you to build up more time in the new role.

Most ANZ home-loan applications go through computer scoring. If you already bank with ANZ, the way you manage your accounts can affect the result too. Some cases can still reach a senior credit assessor, but a computer decline in certain restricted locations cannot be overturned.

Recent hardship, repeated late or dishonoured payments, payday loans, or gambling that regularly pushes an account over its limit can all make it harder to get approved with ANZ. We'll look at what happened and how you're managing the account now before you apply.

ANZ participates in the Australian Government 5% Deposit Scheme. If you qualify, you may be able to buy with a 5% deposit as a first-home buyer, or 2% as an eligible single parent, without paying LMI.

The cashback is paid after settlement, so it cannot fund your upfront deposit. To qualify, you need an eligible ANZ account when the loan is drawn down, and you must draw down within 180 days of applying. Payment is within 60 days of drawdown. ANZ Plus loans are excluded, and the offer can be withdrawn. Check the current offer terms before relying on it.

ANZ generally checks 3 months of savings history when you borrow more than 90% of the property's value. The government scheme has its own deposit rules. With a larger deposit, ANZ may not need that history unless another part of the application calls for it. For some first-home buyers, 3 months of on-time rent can help show the same savings habit. It does not replace the cash you need for the deposit and buying costs.

Our genuine savings guide explains what counts and which records to keep.

A guarantee puts the family member's property at risk, so the structure and exit plan matter. Read our family guarantor home loan guide.

You may not need 2 years of income figures, but ANZ still needs lodged tax records and an established business. The documents depend on your business structure.

The business generally needs at least 18 months of Australian Business Number (ABN) or Australian Company Number (ACN) history. ANZ may then use 1 year of lodged financial records if LMI does not apply.

If LMI applies, ANZ generally wants 2 years. Where it accepts 1 year for an insured loan, it may use only 80% of the business profit when calculating how much you can borrow.

If you are a Pty Ltd director and a direct shareholder, you may be able to use Company Wages after at least 6 months of regular wages. Your ABN or ACN must have been registered for at least 18 months.

ANZ asks for a payslip dated within 60 days and your most recent ATO Income Statement. If that statement shows less than 6 months of salary, it also needs the previous year's statement. ANZ may ask for more documents.

Company Wages does not work for sole traders, partnerships or trusts. See our self-employed home loan guide.

ANZ checks your income, living costs, debts, credit-card limits and dependants. It also looks at what the loan is for and whether you can afford the repayments.

ANZ compares your total debt after the new loan with the gross annual income it accepts. This is the debt-to-income ratio, or DTI. If ANZ accepts $100k of income, 6 times income means $600k of total debt.

ANZ also checks whether you can afford the repayments after your living costs.

If you have a student loan, see how HECS-HELP debt affects your home loan before deciding whether to use your savings to pay it down.

This review covers ANZ's broker home loans. ANZ Plus has separate products, fees and eligibility rules.

Not sure whether the offset fee is worth it? Our offset account guide explains how your savings reduce the balance used to calculate interest.

Each year of the fixed period, ANZ allows extra repayments up to the lower of 5% of the starting fixed balance or $5k. On a $700k fixed loan, the limit is $5k, not $35k.

Early repayment costs can apply if you exceed the allowance, repay or refinance the loan in full, or change the rate during the fixed period. Ask ANZ for a quote before making a large payment. Our fixed-loan break costs guide explains what to check.

ANZ checks your income, expenses, debts and credit history, so the enquiry appears on your credit file. Once you find a property, ANZ still needs to check the valuation and remaining loan conditions.

Check these before committing to an unconditional purchase. ANZ says pre-approval generally lasts around 3 months if nothing changes. See our ANZ pre-approval guide.

If your pre-approval expires, ANZ says you need to reapply. Check the expiry date and leave time for updated documents before relying on it for a purchase.

When we checked on 11 September 2026, ANZ listed 2 business days for simple applications without LMI. Its other listed home-loan assessment queues were 4 business days. These are estimates for complete broker applications, not a promise of approval or settlement.

ANZ listed 2 business days to review additional documents. Your income, property, valuation or missing paperwork can add time. We'll check the current queue against your contract deadline before you apply.

If your fixed rate is ending or the loan has not been reviewed recently, ask ANZ to sharpen the rate and compare the full cost of refinancing. We can check the rate, offset fee, exit costs and other lenders before you move. See our refinance guide.

Apartments, acreage, building projects and unusual titles can change how much ANZ will lend. Check the relevant property details before you sign.

Start with the rule most likely to decide your application. The lowest rate is not useful if the lender cannot use your income, profession or property.

The lender pays us commission, which we disclose before you proceed. Hunter Galloway is independently owned.

We compare more than 30 lenders and must put your interests first. Our Brisbane mortgage brokers can check whether ANZ suits your income and deposit, and explain where another lender may work better. Read how we review lenders, including the duty to put clients first for mortgage brokers.