It's Complicated

Life can sometimes throw up challenges that cause people to struggle financially. But this doesn't mean there aren't home loan options if your past history is less than perfect.

State Custodians have home loans that take your situation into consideration and can help you move on with your life.

Do any of these sound familiar?

lost job quote
I lost my job

I lost my job and it took me a while to find a new one. The bills built up and I got behind on my repayments. Now I have a good income, I just need a lender to help me consolidate my debts so I can move on.

divorced quote

My divorce was messy. With all the arguing and negotiating I lost focus on making payments. It wasn't until later that I discovered that it had impacted my credit report. Now I just want to buy my own home again.

business quote
My business didn't work out

After my own business failed I was left with a large number of bills that I struggled to pay out. I am now employed full time but defaults from back then are now stopping me getting a home loan.

credit card quote
Credit card debt

I have so many credit cards and personal loans that I am not keeping up. If I could just consolidate them into my home loan I could reduce the high interest rates I am paying focus on one repayment.

had defaults quote
I've had defaults

When I was young I didn't realise the impact defaults would have on my ability to lend. I have now saved a deposit and just want to get into the property market.

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My partner was sick

My partner was sick for 6 months and couldn't work. She is better now and we just need some help to get our finances back on track.

Reasons why lenders decline home loans

  • Adverse credit like defaults, discharged bankruptcy, judgements and court writs

  • A large number of credit enquiries on your credit file

  • Unpaid bills like council rates or tax debts that need to be paid out

  • Mortgage arrears or behind on personal loans or credit cards

What do you do now?

  • Get a copy of your credit report so you know exactly what it contains

  • Speak to a lending specialist who has options that may suit your situation

  • Don’t submit multiple applications as this will only result in more credit enquiries

  • Be open and honest about what has happened and the issues you know are there

What lenders look for

  • Savings

    If you are wanting to purchase a property saving at least a 10% deposit shows that you are serious and have turned things around.

  • Equity

    If you want to consolidate your smaller debts you will need to have equity in a property you own. This is when the value of the property is greater than what you owe.

  • Steady income

    Having a steady income by either being employed or self employed will show your ability to make repayments on a new home loan.

  • Keeping up with minimum repayments

    By meeting at least the minimum repayments on all your debts will show that you take responsibility and are doing your best to get ahead.

How we can help

Our experienced Lending Specialists understand lending for self employed borrowers. They can discuss your options at a convenient time and help find a home loan that suits you.

They can also assist with applying for formal pre approval and ensure the process is simple and straightforward.

Home Loan Options


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Why Choose State Custodians?

  • Online Expertise

    With access to a specialised range of options for borrowers with credit issues, we can look for a home loan that suits you

  • Quick Response

    From a quick question to a detailed discussion, no need for appointments, just phone, email or Live Chat

  • Personalised Service

    A dedicated Lending Specialist can do the hard work for you, from exploring possible options to simplifying the application process

  • Quality Assured

    We hold a full credit licence and are a member of the MFAA and the Credit & Investments Ombudsman




The team at State Custodians helped us to save our home when no other broker or lender would even speak to us because of the state of our finances. They made it all happen when we were told over and over again there was no option but to surrender our home to the bank. We will forever be grateful to them and will recommend their services to anyone.

Balga, WA

Quick & pain free

We can't believe how quick & pain free this process has been. It has been a real tribute to the team that has been working on our difficult situation. This outcome will be life changing for us and we are so grateful.

Djugun, WA

Highly recommended!

State Custodians were helpful and understanding. I felt as if there was no possibility for me to purchase my own home because of my past financial mistakes. They listened to me and provided me with options and helped me throughout the entire loan process. If you have made financial mistakes in the past and your options are limited speak to the team at State Custodians, they will help you out.

Dianella, WA

Talk to Us

Our team of experienced Lending Specialists are ready to help you.