First Home Buyer
Home loans for Self-employed depend on many factors including how detailed your financials are or not, how long you have been self-employed for, how much income you can self-certify, and how much relevant industry experience you have.
Either way, we should be able to assist you. We can arrange No Doc loans with an ABN number from just 1 day old to Full Doc loans with just 9 months as a self-employed applicant (with interim financials). Give us a call for a free no-obligation consultation and we will be happy to see if we can assist you.

Self Employed less than 2 years ?

Most lenders are not prepared to assist you if you have been self-employed for less than 2 years. If you have had industry experience and you financial position can support the loan then some lenders will be prepared to assist you.

Low Doc loans

There are a sizeable number of workers either self employed or currently working on a contract basis. Whilst they are financially sound, it is often difficult for these borrowers to prove a level of their earnings to the satisfaction of the lender. Low Doc or Low Documentation loans allow you to self-certify your income. Options include whether the lender will waive or charge you mortgage insurance or not. With Low Doc loans, mortgage insurance starts from 60%. Generally this becomes an interest rate compromise if you would like to avoid this cost.

No Doc loans

No Doc loans can be an attractive option if you would prefer not to declare your income and in some cases your assets and liabilities. As a general rule though you will require a larger deposit for a No Doc loan. No Doc loans are effectively a form of an asset lend.

About us    |    Our Services    |     Mortgage Calculators     |    Disclaimer    |    Contact us

2007 © Copyright Pty Ltd.