Self-employment shouldn't mean it's hard to get a home loan

Some banks, lenders and comparison sites just aren’t set up to deal with the specific circumstances and home loan needs of self-employed applicants.

But if you’ve been frustrated, confused or rejected by a traditional lender, it doesn’t mean that you can't secure the home loan you need.

Supporting documentation

The amount of financial documentation that our self-employed clients have can vary. You might have folders and folders of material or you may have very little. Some traditional lenders can lack the flexibility to work with what you’ve got – and if you don’t have the exact information they need (like up-to-date tax returns), your application can grind to a halt almost before it’s started. This is where a professional mortgage broker can help. 

Two loan application approaches

'Full Doc' Loans

‘Full doc’ means you have all the up-to-date documentation needed to apply for a particular loan. Lenders use this information to assess your ability to repay the loan amount you’re applying for. 
This may include evidence of tax returns and other financial records – and we’ll explain the document requirements of each product during our meetings with you.

'Alt Doc' Loans

If you can’t provide all the documents needed for a ‘Full doc' application, we’ll discuss your ability to meet ‘Alt doc’ loan requirements. Lenders will look for evidence of income and assets that show your ability to repay your loan. If you don’t have tax returns, lenders may accept alternatives such as business bank statements, ATO Activity Statements (BAS) or a declaration from your accountant.

Some of the home loans types we offer

Your Loan Solutions can help you understand all the home loan options available and provide guidance and advice to ensure you select the product that best meets your needs and circumstances. 

Your Loan Solutions - supported by our selected lending and insurance partners