--- title: Think Outside the Box with a Non-Conforming Home Loan - Loan Lounge description: A non-conforming or ‘Specialist’ home loan is a loan that does not fit a lender’s standard criteria for a home loan. These loans are usually offered to people that have a bad credit history or extraordinary financial needs. Because non-conforming home loans differ from the norm there are a few differences you need to understand […] image: https://pages.loanlounge.au/hubfs/Imported_Blog_Media/Article_4.jpg --- [Skip to content](https://pages.loanlounge.au/loan-lounge-blog/resources/think-outside-the-box-with-a-non-conforming-home-loan#main-content) [![](https://pages.loanlounge.au/hs-fs/hubfs/LL_RGB_Primary%20-%20Navy.jpg?width=1000&height=410&name=LL_RGB_Primary%20-%20Navy.jpg)Homepage](https://pages.loanlounge.au/loan-lounge-blog/resources/www.loanlounge.au) - Home - Products - Pricing - Blog - Company Get started - Home - Products - Pricing - Blog - Company Get started ![](https://pages.loanlounge.au/hs-fs/hubfs/Imported_Blog_Media/Article_4.jpg?width=1400&height=420&name=Article_4.jpg) # Think Outside the Box with a Non-Conforming Home Loan ![Loan Lounge](https://7528315.fs1.hubspotusercontent-na1.net/hub/7528315/hubfs/raw_assets/public/mV0_d-cms-elevate-theme_hubspot/elevate/images/avatar-placeholder.jpg?width=48&height=48&name=avatar-placeholder.jpg) Loan Lounge October 8, 2022 # Think Outside the Box with a Non-Conforming Home Loan ![](https://pages.loanlounge.au/hubfs/Imported_Blog_Media/brand-bricks-Oct-13-2025-10-16-39-4557-PM.svg) ![](https://pages.loanlounge.au/hubfs/Imported_Blog_Media/brand-bricks-mobile-Oct-13-2025-10-16-41-5695-PM.svg) ![](https://pages.loanlounge.au/hubfs/Imported_Blog_Media/brand-bricks-Oct-13-2025-10-16-39-4557-PM.svg) ![](https://pages.loanlounge.au/hs-fs/hubfs/Imported_Blog_Media/Article_4.jpg?width=1400&height=420&name=Article_4.jpg) A non-conforming or ‘Specialist’ home loan is a loan that does not fit a lender’s standard criteria for a home loan. These loans are usually offered to people that have a bad credit history or extraordinary financial needs. Because non-conforming home loans differ from the norm there are a few differences you need to understand and keep in mind. Just like a traditional home loan, non-conforming loans can have a fixed, variable, or split-interest rate. Where non-conforming home loans start to differ is in fee structure and the level of the interest rate. Lenders usually take on more risk by offering non-conforming loans, so fees and interest rates tend to be higher to offset the increased risk. It’s worth noting that some lenders may offer you reduced rates midway through the loan if you have been making your repayments on time. Not needing a good credit history to be approved for the loan is one of the main advantages of non-conforming loans. The downside is the higher interest rates and potentially stricter repayment conditions. Non-conforming home loans are an excellent option if you’re struggling to get approval for standard home loans. You do not need to have a perfect credit history, job stability or a large deposit to apply for a non-conforming home loan, as there are non-conforming home loans for many different circumstances. If you would like to learn more about non-conforming loans, please contact us today. ## Share this post [mailto:https%3A%2F%2Fpages.loanlounge.au%2Floan-lounge-blog%2Fresources%2Fthink-outside-the-box-with-a-non-conforming-home-loan](mailto:https%3A%2F%2Fpages.loanlounge.au%2Floan-lounge-blog%2Fresources%2Fthink-outside-the-box-with-a-non-conforming-home-loan) ## Keep reading ### [![](https://pages.loanlounge.au/hs-fs/hubfs/RBA%20Lifts%20Cash%20Rate%20to%203.85%25%20(1).png?width=2245&height=1587&name=RBA%20Lifts%20Cash%20Rate%20to%203.85%25%20(1).png) A Roadmap: How to Fast-Track Your First Home](https://pages.loanlounge.au/loan-lounge-blog/a-roadmap-how-to-fast-track-your-first-home) ### [![](https://pages.loanlounge.au/hs-fs/hubfs/Imported_Blog_Media/AdobeStock_1027019807-scaled.jpg?width=2560&height=1435&name=AdobeStock_1027019807-scaled.jpg) Can Nurses Really Buy their First Home with Just a 5% Deposit (or as Low as $30,000)? - Loan Lounge](https://pages.loanlounge.au/loan-lounge-blog/resources/can-nurses-really-buy-their-first-home-with-just-a-5-deposit-or-as-low-as-30000) [Ph](tel:02%209037%202825)[: 02 9037 2825 | ](tel:02%209037%202825)[hello@loanlounge.au](mailto:hello@loanlounge.au) Unit 502/180-186 Burwood Rd, Burwood NSW 2134 Australian Credit Licence 515608 Loan Lounge acknowledges the traditional custodians of the lands on which we work and live. 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