Our home loan experts are experienced in self employed home loan requirements
It can be a bit harder to get approved on a home loan when you’re a sole trader or small business owner. With the help of an expert, you can breeze through the extra steps and get into your new home sooner.
Whether you’re buying your first home, your next home or an investment, self employed home loans generally require your business has been operating for a minimum of 2 years. However some lenders we work with will also consider borrowers who have been self employed for 1 year.
It pays to have a mortgage broker who is experienced with the different application requirements of different lenders and loans. Some of the documents you should have ready when applying for as a self employed home loan include:
• Proof of ABN registration
• Personal and business tax returns
• Balance sheets and profit and loss statements
• External liabilities documentation
• Recent business bank statements