Every year more and more Australians are choosing to work for themselves. While being self-employed can make the home loan process seem more complex, we're here to make it simple and straightforward.
Being a self-employed borrower sometimes changes things when it comes to taking out a mortgage. While you can access all the same home loans as a PAYG employee, many self-employed borrowers benefit from specialized loan options that better suit their financial situation.
How We Help Self-Employed Borrowers
Flexible Documentation
We understand that traditional income documentation might not tell your whole financial story. We offer flexible options to verify your income.
Competitive Rates
Access to over 30 lenders means we can find you competitive rates that match your business situation.
Fast Approval
Quick assessment of your application with minimal fuss, so you can focus on running your business.
Lo Doc Home Loans
Lo Doc (low documentation) home loans are designed for self-employed borrowers who may not have traditional income documentation. Key benefits include:
- Simplified income verification process
- Flexible documentation requirements
- Access to competitive interest rates
- Option to refinance to a traditional loan later
- Available for both residential and investment properties
Most Lo Doc loans come with all the features of standard variable and fixed-rate home loans, including offset accounts and redraw facilities.
Frequently Asked Questions
What documentation do I need?
Requirements vary by lender but typically include ABN registration (minimum 2 years), business activity statements, and bank statements.
What loan amount can I borrow?
Lo Doc loans typically allow borrowing up to 80% of the property value. Traditional loans may offer up to 95% with LMI.
Are interest rates higher?
Rates may be slightly higher for Lo Doc loans, but we'll help you find the most competitive option for your situation.
Can I refinance later?
Yes, you can refinance to a traditional loan once you have more documentation or your situation changes.
Ready to Get Started?
Let us help you find the right home loan solution for your business.