Home Loans for Self-Employed Borrowers
schedule6 min read
Being self-employed doesn't mean you can't get a home loan — it just means lenders assess you differently. With the right preparation and structure, approval is very achievable.
Why it can be harder
Self-employed income can vary year to year, so lenders look more closely at how stable and provable your income is.
Documents you'll usually need
- Two years of personal and business tax returns.
- Business Activity Statements (BAS).
- Notices of Assessment from the ATO.
- Recent business bank statements.
Low-doc and how to strengthen your case
If you don't have two years of returns, low-doc options may help using alternative income evidence. Either way, preparation matters.
- Keep business and personal finances clearly separated.
- Reduce personal debts before applying.
- Have an accountant who can confirm your income.
lightbulbKey Takeaways
- check_circleSelf-employed borrowers can absolutely get approved — with the right docs.
- check_circleTwo years of tax returns and BAS are the usual starting point.
- check_circleLow-doc options exist if your paperwork is limited.
This article is general information only and does not take into account your personal circumstances. Speak with a qualified mortgage broker for advice specific to you.
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