Self-Employed Home Loans
Flexible Lending Solutions for Self-Employed Professionals
At Finchos, we understand the unique financial structures of self-employed borrowers and help present your income clearly to lenders. Our team works with a wide network of lenders to find loan solutions that match your business income and long-term financial goals.
Self-employed borrowers typically need to provide financial records such as tax returns, business financial statements, or BAS statements to demonstrate consistent income and loan repayment ability.
How We Help Self-Employed Borrowers
We help you with:
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Who Is This Loan For?
2. Company directors
3. Freelancers and contractors Sole traders
4. Partnership businesses
5. Professionals working under an ABN
Company
Income can be received through director’s wages, dividends, or company profits. Lenders may review salary history, company financials, and tax returns to assess borrowing capacity. In some cases, lenders may also consider add-backs such as depreciation or one-off expenses to better reflect the business’s true income.
Sole Trader
For sole traders and partnerships, lenders usually assess income directly from personal and business tax returns. Net business income, along with allowable add-backs, may be used to determine borrowing capacity. In some cases, accountant letters or additional financial documents may be required.
Discretionary
A family trust structure may distribute profits to beneficiaries. Lenders generally review trust financial statements, distribution statements, and tax returns to verify income. The assessment may vary depending on the trustee structure and ownership arrangement.
Unit Trust or Hybrid Trust
Unit trusts or hybrid trusts are less common for self-employed lending but may still be considered by some lenders. Loan assessment typically involves reviewing trust financials, ownership details, and income distributions.
Low-Doc Loans
Low-doc loans are designed for self-employed borrowers who may not have traditional income documentation. These loans provide flexible lending options while still allowing you to access competitive financing solutions.
Low-doc lending can support up to 90% LVR depending on the lender, with more flexible options typically available around 80% LVR. These loans can be suitable for various situations including SMSF lending, bridging finance, and commercial property purchases.
Most lenders review your Business Activity Statements (BAS) to estimate your income. The figures are analysed and averaged to determine borrowing capacity.
Some lenders allow income adjustments such as adding back director wages or business expenses.
Certain lenders may calculate income based on industry benchmarks and business turnover.
Additional expenses, tax obligations, or debts may also be considered when finalising the income assessment.
An accountant’s letter can be used to confirm business income. This is a straightforward option where your accountant verifies your earnings based on your financial records
In some cases, lenders may review 6 months of business bank statements to understand cash flow and income patterns. This option may involve closer assessment but can still support a successful loan application.
Different lenders have different policies. Some may overlook certain business debts, while others may use alternative income verification methods to support your application.
GENERAL REQUIREMENTS FOR SELF-EMPLOYED HOME LOANS
Self-employed applicants can still qualify for home loans, but lenders usually require some proof of income stability. In most cases, lenders prefer applicants who have been operating under an ABN for at least 12 months. Shorter ABN periods may still be considered, but they usually come with stricter conditions and higher interest rates.
In rare situations, lenders may approve loans for applicants with less than 12 months of ABN history. However, these cases typically require strong financial records or previous employment history in the same industry. Because of the higher risk, loan options may be limited and borrowing capacity may be lower.
For applicants who recently switched from employment to self-employment but continue working in the same field, some lenders may still consider the application. Strong documentation and a stable income history can significantly improve approval chances.
Book a consultation with our experts to understand your options and find the best lending solution for your situation.
GENERAL REQUIREMENTS FOR SELF-EMPLOYED HOME LOANS
Self-employed applicants can still qualify for home loans, but lenders usually require some proof of income stability. In most cases, lenders prefer applicants who have been operating under an ABN for at least 12 months. Shorter ABN periods may still be considered, but they usually come with stricter conditions and higher interest rates.
In rare situations, lenders may approve loans for applicants with less than 12 months of ABN history. However, these cases typically require strong financial records or previous employment history in the same industry. Because of the higher risk, loan options may be limited and borrowing capacity may be lower.
For applicants who recently switched from employment to self-employment but continue working in the same field, some lenders may still consider the application. Strong documentation and a stable income history can significantly improve approval chances.
Book a consultation with our experts to understand your options and find the best lending solution for your situation.
ABN Duration & Lending Options
Most lenders prefer applicants who have been operating under an ABN for 12 months or more, as this demonstrates business stability.
✔ 12-Month ABN
Many mainstream lenders will consider applications with a 12-month ABN. Tax returns are usually required, and lenders may offer loans with up to 90% Loan-to-Value Ratio (LVR) depending on the financial profile.
✔ Under 12-Month ABN
Major banks may still consider applications with less than 12 months of ABN history, but typically limit the LVR to around 80% and require stronger supporting documentation.
✔ 18-Month ABN
Once your ABN reaches around 18 months, more competitive lenders become available and loan options improve significantly.
✔ 24-Month ABN
An ABN history of two financial years is considered ideal. At this stage, lenders have more flexibility and offer the widest range of loan products and policies.
✔ GST Registration
If your business income exceeds $75,000, GST registration is generally expected by lenders. Being properly registered and maintaining clear financial records can improve your risk profile and help secure better loan terms.
Our Mortgage Process
Initial Consultation
We begin with a discussion to understand your financial goals, income, and borrowing capacity. This helps us identify the best loan options for your situation.
Application Preparation
We prepare and submit the loan application with all required documents to ensure a smooth and accurate submission.
Financial Assessment
Your financial documents such as income details, expenses, and credit history are reviewed to determine loan eligibility and suitable lenders.
Lender Approval Process
The lender reviews the application and may request additional information. We coordinate with the lender and guide you through each step.
Loan Options & Recommendation
Based on the assessment, we compare lenders and loan products to recommend the most suitable option that matches your needs.
Loan Approval & Settlement
Once approved, we assist with final documentation and settlement to ensure the loan process is completed smoothly.
ABN Duration & Lending Options
Most lenders prefer applicants who have been operating under an ABN for 12 months or more, as this demonstrates business stability.
ABN Duration & Lending Options
Most lenders prefer applicants who have been operating under an ABN for 12 months or more, as this demonstrates business stability.
12-Month ABN Many mainstream lenders will consider applications with a 12-month ABN. Tax returns are usually required, and lenders may offer loans with up to 90% Loan-to-Value Ratio (LVR) depending on the financial profile.
24-Month ABN An ABN history of two financial years is considered ideal. At this stage, lenders have more flexibility and offer the widest range of loan products and policies.
Under 12-Month ABN Major banks may still consider applications with less than 12 months of ABN history, but typically limit the LVR to around 80% and require stronger supporting documentation.
GST Registration If your business income exceeds $75,000, GST registration is generally expected by lenders. Being properly registered and maintaining clear financial records can improve your risk profile and help secure better loan terms.
18-Month ABN Once your ABN reaches around 18 months, more competitive lenders become available and loan options improve significantly.
Loan Approval & Settlement
Once approved, we assist with final documentation and settlement to ensure the loan process is completed smoothly.
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