Full Documentation Home Loans
Where you have established business financials, tax returns and other supporting documentation, you may be able to access a broader range of standard home loan options.
RESIDENTIAL PROPERTY FINANCE SELF-EMPLOYED
Self-employed doesn't mean unfinanceable.
Being self-employed can make the home loan process feel more complex.
Understand your lending positionA MORE CONSIDERED LOOK
Unlike PAYG employees who may provide straightforward payslips, self-employed borrowers are often assessed using a broader range of information, including business income, financial records and trading history.
At StoneHaven Finance, we help self-employed borrowers understand how lenders may assess their income, what documentation may be required and what home loan options may be available based on their circumstances.
Your income structure may be different. That doesn't mean your home ownership goals need to be.
BEFORE YOU APPLY
Start with a free Self-Employed Home Loan Health Check.
Before applying for a home loan, it can be valuable to understand how your income and business structure may be viewed by lenders. Our complimentary Self-Employed Home Loan Health Check can help you review:
- Your business and income structure
- Trading history and financial records
- Existing debts and financial commitments
- Indicative borrowing capacity
- Documentation that may be required
- Available home loan options
- Any areas that may need attention before applying
The goal is to understand your position before submitting an application, rather than discovering potential issues later in the process.
BUSINESS STRUCTURES
Who may be considered self-employed?
Self-employed borrowers may operate through a range of business structures, including:
- Sole traders
- Business owners
- Partners in a partnership
- Directors or shareholders who derive income from a private company
- Contractors and consultants who operate their own business
- Borrowers who derive income through trust structures
How a borrower is classified and assessed can depend on their employment arrangements, business structure, income sources, trading history and individual lender policy.
PREPARING YOUR APPLICATION
What documents may be required?
Self-employed home loan applications can require additional documentation compared with PAYG applications.
Depending on your circumstances and lender requirements, this may include:
- Personal and business tax returns
- Financial statements
- Business Activity Statements (BAS)
- Business bank statements
- Notice of Assessment
- Accountant-prepared financial information
- Evidence of existing debts and commitments
The exact requirements can vary between lenders and loan applications. We help you understand what may be required before you proceed.
HOW WE HELP
A clearer self-employed home loan process.
Home Loan Health Check
We understand your business structure, income position, existing commitments and property goals.
Assess Your Position
We consider your income documentation, trading history and overall financial position.
Explore Lender Options
We compare available home loan options from our panel of lenders based on your circumstances.
Prepare Your Application
We help you understand the required documentation and prepare your application for lender assessment.
Progress Your Application
If you decide to proceed, we help prepare and manage your application through lender assessment and, where formally approved, through to settlement.
SELF-EMPLOYED HOME LOAN FAQs
Questions worth asking early.
Can I get a home loan if I’m self-employed?
Potentially. Many self-employed borrowers may be eligible for a home loan. Lenders can assess business income, financial records, trading history, existing commitments and overall financial position differently from the way they assess PAYG income.
The options available will depend on your circumstances, supporting documentation and applicable lender criteria.
How long do I need to be self-employed before applying for a home loan?
Requirements vary between lenders and depend on factors such as your business history, income and financial documentation. Some lenders may have different policies depending on the circumstances.
What documents do self-employed borrowers need for a home loan?
This can vary between lenders. Depending on your circumstances, you may need tax returns, financial statements, BAS, bank statements, Notice of Assessment or other supporting documentation.
Can I get a home loan if my latest tax return shows lower income?
Potentially. Lenders can have different requirements for assessing self-employed income, including the financial periods and supporting documentation they consider. Your options will depend on your circumstances, available documentation and the lender's assessment criteria.
Do self-employed borrowers need a low-doc home loan?
Not necessarily. If you have sufficient financial documentation, you may qualify for standard home loan options.
Alternative or low-documentation options may be considered in some circumstances, subject to lender assessment and verification requirements. These options can have different interest rates, fees, deposit requirements, loan features or conditions compared with standard home loans.
Important Information
Self-employed income assessment, documentation requirements and lending criteria vary between lenders. Alternative documentation does not remove the requirement for lender assessment and verification.
Interest rates, fees, deposit requirements, loan features and other conditions may differ depending on the lender, loan type and documentation provided.
Lending approval is subject to lender assessment, eligibility requirements, terms and conditions. Any borrowing-capacity figures discussed are indicative only and may change.
START WITH A CLEARER PICTURE
Your self-employed income deserves a closer look.
Start with a complimentary Self-Employed Home Loan Health Check. We’ll review your income and financial position, then help you understand your indicative borrowing position and the lending options that may suit your circumstances before you apply.