Specialist lending
Home Loans for the Self-Employed
Banks often make it hard for business owners: income that varies, tax minimisation, a recent start-up. Some lenders assess self-employed income more fairly than others, and some accept alternative documents. We know which is which, so your application lands with the right one first time.
Homestead is a mortgage broker, not a lender. Our service costs you nothing.
How it works
- 1
We review how your income is earned and documented: tax returns, financials, BAS or bank statements.
- 2
We identify lenders whose policy suits your situation, including those that add back certain expenses.
- 3
Where full financials are not available, we look at low doc options and their trade-offs.
- 4
We present your application clearly so the lender sees the full picture.
Who it suits
- Sole traders, contractors and company directors
- Business owners with variable income
- Owners with less than two years of trading
- Borrowers whose tax returns understate cash flow
What lenders look at
A guide only. Each lender sets its own criteria, and they change.
- Usually one to two years of tax returns, or BAS and bank statements for low doc
- An active ABN and GST registration for some lenders
- Business and personal credit history
- Lower maximum LVRs on some low doc products
Frequently asked questions
Some lenders accept one year of tax returns, particularly if you have prior experience in the same industry. We know which lenders do.
A loan where income is verified with alternative documents such as BAS, bank statements or an accountant's letter instead of full tax returns. Rates and deposits may differ from standard loans.