Bluestone Home Loans
What types of home loans does Bluestone offer?
At the time of writing, Bluestone offers the following four home loan products:
- Prime: designed for borrowers with a clear credit and strong employment history.
- Near Prime: designed for people with a clear credit history who want more flexibility with their home loan product.
- Specialist: designed for borrowers with some defaults or other credit impairments.
- Specialist+: designed for borrowers who are recovering from financial difficulties and have been struggling to get finance because of this.
Each loan offers a full doc and alt doc option, which refers to the kind of documents you have to provide to prove your income. Bluestone says full doc loans are designed for those who are not self-employed or have recent tax returns available. Alt doc loans are designed for self-employed borrowers who don’t have their most recent tax returns available.
Bluestone home loan features
Depending on the product you choose, a Bluestone home loan may provide:
- loan terms of between 15 to 30 years
- loan amounts of between $100,000 to $2.5 million subject to location, loan-to-value ratio (LVR) and the product selected
- ability to borrow up to 90% without paying lenders mortgage insurance (only available on the Prime Full Doc Loan for Sydney, Melbourne and Brisbane Metro owner occupied loans)
- interest-only loans for three or five years
- ability to consolidate debt
- line of credit facility on some loans
The inclusions above represent a selection of the features that may be available with Bluestone home loans. Canstar is not making any suggestion or recommendation to you about a particular product. Additional conditions may apply to different features. Check upfront with Bluestone and ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering, and whether it meets your needs, before committing to it.
Bluestone home loans FAQs
This article was reviewed by our Sub Editor Jacqueline Belesky and Finance & Lifestyle Editor Shay Waraker before it was published, as part of our fact-checking process.
