Home Loan Solutions
For Self-Employed
Flexible home loan solutions designed for sole traders, business owners, contractors and freelancers. Your dream home is closer than you think.
What is a Self-Employed Home Loan?
A self-employed home loan is a mortgage designed for borrowers who earn income through their own business.
Lenders assess your business performance and financial records to determine your borrowing capacity.
Who Is Considered Self-Employed?
How Do Lenders Assess Self-Employed Borrowers?
Business Trading History
Most lenders prefer at least 2 years of self-employment history. Some may consider less with relevant industry experience.
ABN & GST Registration
Active ABN for 6–24 months, GST registration where applicable and evidence that the business is actively trading.
Income Stability
Lenders assess whether your business generates consistent and sustainable income over time.
Credit History
A strong credit score and clean repayment history can significantly improve your borrowing options.
Business Performance
Financial statements, bank statements and tax returns help lenders evaluate profitability, cash flow and business stability.
Documents Required For a Self-Employed Home Loan
- Personal tax returns (last 2 financial years)
- Business tax returns (last 2 financial years)
- Latest Notice of Assessment (NOA)
- Profit & Loss Statements
- Balance Sheets
- Business bank statements
- Business Activity Statements (BAS)
- Accountant's letter or declaration
- Trust Deed & Trust Distribution Statements (if applicable)
- ABN & GST registration evidence
Self-Employed More Than 2 Years
You will generally have access to the widest range of lenders and loan products.
- 2 years of personal & business tax returns
- 2 years of financial statements
- Evidence of stable or increasing income
- Strong business performance
Self-Employed 1 – 2 Years
You may still qualify for a home loan with as little as 1 year of self-employment if:
- At least 1 year of tax returns
- Prior experience in the same industry
- Business income is consistent
- Alternative income verification can be provided
Self-Employed Less Than 1 Year
Some specialist lenders may consider applicants with as little as 6 months of trading history.
A larger deposit may be required.
6 months bank statements, BAS, accountant's declaration & industry experience.
Some lenders may require LMI or apply stricter lending criteria.
Full Doc vs Low Doc Home Loans
| Feature | Full Doc Home Loan | Low Doc Home Loan | Specialist Lending |
|---|---|---|---|
| Income Verification | Tax returns, financial statements, NOA | BAS, bank statements, accountant declaration | Alternative assessment methods |
| Self-Employment History | Usually 1–2 years | Generally 6–12 months minimum | Case-by-case assessment |
| Maximum LVR | Up to 95% with eligible lenders | Usually up to 80% | Typically up to 60% |
| Interest Rates | Most competitive | Slightly higher than standard rates | Higher due to increased risk |
| Suitable For | Borrowers with complete financial records | Borrowers with limited documentation | Borrowers requiring flexible assessment |
Advantages of Self-Employed Home Loans
Benefits
- Designed for self-employed borrowers
- Flexible documentation requirements
- Access to a wide range of loan options
- Competitive interest rates available
- Support from experienced brokers
Considerations
- More documentation may be required
- Lenders assess income carefully
- Income fluctuations may impact borrowing
- Some lenders have stricter criteria
- Preparation is key to approval
5 Tips to Improve Your Approval Chances
Choose the Right Lender
Work with a broker who understands self-employed lending.
Prepare Strong Documents
Provide clear financials, BAS and bank statements.
Maintain a Healthy Credit Score
A strong credit history improves your loan options.
Demonstrate Genuine Savings
Show consistent savings over at least 3 months.
Be Accurate and Honest
Provide accurate income information to avoid delays or decline.
We Can Help With
First Home Buyer Loans
Owner-Occupied Home Loans
Investment Property Loans
Refinancing Existing Loans
Low Doc Home Loans
Construction Loans
Debt Consolidation