Prime lenders such as Banks and Credit Societies have strict criteria around who is eligible for a mortgage. If you don't tick all their standard boxes, your application for a home loan will generally be declined. Unfortunately, being a unique individual may be a big plus, but standing out from the gang may be a problem when it involves landing a home loan. If you don't meet the credit criteria set by these mainstream banks and lenders in Australia, there may be options available. One such possibility may well be a non conforming home loan, but it's important to know how they work and also the potential costs and risks involved before committing to a mortgage.