Self Employed | We can help you with your home loan
Small Business | Sole Trader |Self Employed
We can help you secure a home loan.
At Mortgage Choice Peregian and Noosaville, we understand that self-employed individuals have unique needs when it comes to home loans. We are here to help you navigate the process and find the right solution for your situation. Whether you have one year of tax returns or several years of financial statements, we have options available to you.
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Here's a breakdown of what you can expect:
- Borrow up to 95% of the property value with one or two years' tax returns:
If you have been self-employed for one or two years and can provide your tax returns as proof of income, you may qualify to borrow up to 95% of the property value.
- Low doc loans for self-employed borrowers with little to no income verification:
As a self-employed borrower, you may qualify for a low doc loan, allowing you to borrow between 80% and 90% of the property value without extensive income verification.
- Borrow up to 80% of the property value if self-employed for less than a year:
If you have recently become self-employed and have less than one year of self-employment history, you may still be eligible to borrow up to 80% of the property value.
Will You Get Approved?
While most lenders typically require two years of tax returns and financial statements, we work with lenders who are more flexible. We have options available for self-employed individuals who can provide one year's tax returns or alternative methods of verifying income. Additionally, if you have recently started your own business within the same industry, some lenders may consider your application even without tax returns.
What Lenders Prefer:
When it comes to self-employed borrowers, lenders have certain preferences:
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Self-contained properties with their own kitchen and bathroom are preferred.
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Smaller blocks of units are also preferred.
Discover if You Qualify:
Contact us today to find out if you qualify for a self-employed home loan. We can provide you with the same competitive interest rates as PAYG borrowers, even if you're self-employed.
Book now Fill out our snapshot form
Frequently asked questions
- How Long Do You Need to Be Self-Employed to Qualify for a Home Loan?
While most lenders prefer self-employed individuals to have at least two to three years of self-employment history, we have options available for those who have been self-employed for only one year. If you have one year or more of self-employment history, contact us today at 07 5474 4100 or fill out our free assessment form to learn how you can get approved for a mortgage.
- What If You've Been Self-Employed for Less Than a Year?
If you've been self-employed for less than one year, obtaining a home loan can be challenging. Most banks are hesitant to lend to individuals without tax returns to prove their income or for new businesses with financial uncertainty. However, one of our lenders can consider your income from your last job as proof that you can afford the loan. Based on this, you may be able to borrow up to 80% of the property value.
- What If You've Been Self-Employed for One to Two Years?
If you've been self-employed for one to two years and have been working in the same industry for some time, we can assist you in finding a lender who can approve your loan. For example, if you were previously employed as a plumber for five.
Even if you're in the early stages and simply have a question, I'm here to help. Give me a call today to discuss your situation!
Book now Fill out our snapshot form
As your local home loan expert, we have access to hundreds of loans from a wide choice of leading lenders, including Australia’s big banks and a selection of specialist lenders, so you can be confident that you'll be able to find a solution that is suited to your unique situation.
Larissa Barton Home Loans
3/35 Thomas St, Noosaville QLD 4566
The Mortgage Broker Noosa team services the areas of Peregian Beach, Peregian Springs, Noosa Heads, Noosaville, Noosa, Marcus Beach, Tewantin, Coolum Beach, Mount Coolum, Yaroomba, Bli Bli, Yandina, Marcoola, Pacific Paradise, Mudjimba, Cooroy, Sunrise Beach, Castaways Beach, Eumundi, Cooran, Pomona, Ringtail Creek, Tinbeerwah, Eerwah Vale, Doonan, Pinbarren, Cootharaba, Boreen Point, Noosa North Shore, Rainbow Beach, Lake MacDonald, Cooroibah, Mount Tinbeerwah, Cooloola Coast, Sunrise Beach, Weyba Downs.
