Self-Employed Borrowers

There is a common misconception that if you are self-employed obtaining a home or investment loan is difficult. It isn’t when you get an experienced
mortgage broker on your side.

In today’s workplace, more people than ever before are self-employed, whether business owners or sole traders, and many lenders now offer loans to suit demand. The thing is, not all lenders lend the same.

Loan conditions – such as the maximum amount of money you can borrow, the minimum deposit required, and the proof of income needed – will differ from lender to lender. The key to getting your loan approved (and fast), without paying more than you should, is knowing which lender’s policy will best cater to your situation. That’s where your Green team finance broker can help.

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Get an expert negotiator on your side

We have access to hundreds of home and investment loans from over 60 banks and lenders but realistically there may only be a few of these lenders that really want your business, and we can tell you which ones, right now. We’ll be in the best position to compare loans, weigh up costs, and negotiate favourable terms on your behalf.

How much can I borrow?

The real difference between a self-employed borrower and a PAYG borrower is that theoretically the lender needs to establish your current income and also forecast ongoing income to ensure you can meet loan repayments.

Your Green Team finance broker will know what each lender is looking for, will guide you through the full list of documentation required and present a comprehensive application to the bank to minimise reworks or time delays.

General guidelines:

  • Borrow up to 95% of the property value for self-employed borrowers with one to two years’ tax returns
  • Borrow up to 80% of the property value if you’ve been self-employed for less than a year

Lo-Doc or Low Documentation loans are often promoted to self-employed borrowers and while this option may be right for you it’s not necessarily the only option. Things you’ll need to consider:

  • The maximum amount you can borrow on a Low Doc Home Loan is 80% of the property value.
  • If borrowing more than 60% of the property value Lender’s Mortgage Insurance (LMI) will be required.
  • Lo-Doc loans traditionally carry a higher interest rate/costs.

For a ‘traditional’ or full documentation loan the lender will typically need the following documentation to support your application:

  • Proof of ABN: that has been active for at least 12 months or Certificate of Incorporation
  • Tax Returns: up to two years of your full personal and/or company tax returns
  • Notice of Assessments (NOA): provided by the ATO and for up to two years (depending on lender) – full personal and/or company
  • Business Activity Statements (BAS): for the past 12 consecutive months, obtained from the ATO and inclusive of lodgement receipt number
  • Confirmation that your income has been registered for GST for a minimum of 12 months (If applicable)
  • Bank Statements: up to six months’ worth of statements for your primary business or personal transaction account including savings, credit cards or personal loan accounts
  • Personal ID: current drivers’ licence, passport, proof of age ID etc.
  • Proof of rental income (if applicable): you can prove this with real estate statements or copies of lease agreements.

Green team finance brokers work with small business owners, independent contractors and sole traders on a daily basis and are experienced in sourcing loans for self-employed borrowers. You might just be surprised by what is available to you. Contact your Green Team finance broker today.

Our Self-Employed Borrowers Specialists

Daniel Green


Australia's leading hospitality, accommodation and childcare finance specialist and winner of Australian Broker of the Year 2022.

Bradley Donnelly

Finance Consultant

This Australian Mortgage Awards Young Gun of the Year 2023 Finalist is an experienced ex-banker who knows what it takes to negotiate a better finance deal for you.

Darren Welsh

Finance Consultant

A small business and home finance specialist with experience that matters.

Dimitri Grespos

Finance Consultant

Dimitri Grespos’ award-winning career in banking and finance spans three decades specialising in private, corporate, and commercial sectors.

Estelle Dejean

Finance Consultant

An ex-banker who is on your side when you need home, investment or business funding or simply need to save money on your current finance. Bi-lingual: French, English.

Guy Buckley

Finance Consultant - Brad Donnelly Team

A home loan expert who knows what it takes to find a better finance deal.

Hamish George

Finance Consultant

An accomplished finance professional who provides the individualised care and confidentiality of a private banking experience, without the added expense.

James Blackshaw

Private Banking Consultant

With almost 30 years’ banking and finance industry experience to his credit, James Blackshaw knows what it takes to negotiate a better outcome on your behalf.

James Kelder

Finance Consultant

One of Australia's most in-demand commercial finance brokers and Commercial Broker of the Year Finalist 2023 (Loan Market Group), James specialises in commercial property investment and development finance.

Maree Woodcock

Finance Consultant

Maree Woodcock is an experienced banking and finance professional with a reputation for five-star customer service when it comes to finding her clients a better home loan.

Paul Steele

Finance Consultant

Whether you need a home or investment loan, Paul is an award-winning finance broker with the experience and knowledge to help you save money off your home finance.

Terri Johnson

Mortgage Broker - ROCKHAMPTON

A home loan and investment loan specialist who offers experience and knowledge gained from a career spanning almost three decades in banking and finance.

Daniel McEntee

Finance Consultant - CAIRNS

With access to home loans from over 60 lenders I can provide you with real choice when it comes to home loans and refinancing options. Find out how much you could save on your mortgage today.

Karen Donato

Finance Consultant - CAIRNS

With access to over 60 lenders and hundreds of home loan products I can provide you with the choice you need to negotiate a better deal on your home, investment, or business loans. Currently assisting clients based in Edge Hill, Edmonton, Bayview, Earlville, Cairns City and surrounding suburbs.

Richard Smith

Finance Consultant - CAIRNS

A business finance professional with extensive experience in all aspects of commercial funding, equipment finance and home loan lending.

Rodney Weir

Finance Consultant - CAIRNS

Rod Weir has dedicated his career to helping homebuyers and business owners to save money with a better finance deal.

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"Is getting a home loan more difficult when you are a self-employed borrower?"

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