Home Loan Options for the Self-Employed

Getting finance when you’re self-employed can feel more complex than it is for salaried employees, but with the right preparation, there are still plenty of options available.

A common misconception is that you need two years of financials before a lender will consider your application. While many major banks do require this, some specialist lenders may consider borrowers with as little as 6–12 months of ABN history, depending on their overall financial position.

Self-employed borrowers generally have two main loan options:

Full doc loans – suited to borrowers with up-to-date financials, tax returns, Notices of Assessment, and business statements. These loans often come with more competitive rates.

Alt doc loans – designed for borrowers who may not have full financials available yet. Some lenders may accept BAS statements, business bank statements, or an accountant’s letter instead. Rates and fees can be higher, but they can provide a pathway into the market.

To improve your chances of approval, it’s important to keep your financial records up to date, separate business and personal finances, reduce existing debt where possible, and build a strong deposit.

Navigating self-employed lending can feel overwhelming, but the right guidance can make all the difference. A mortgage broker can help identify lenders suited to your situation, explain your borrowing capacity, and assist with the application process.

Reach Out Now

If you’re thinking about purchasing a home or investment property, please reach out to our Broker.