Being self-employed should not limit your property plans. The income is there. The paperwork just does not always fit a standard bank checklist, and that is where a lot of capable buyers get stuck before they start. At Fox Home Loans we work with a panel of more than 50 lenders, and we know which ones assess self-employed income fairly. If your tax returns are not ready yet, you may be able to use low doc home loans if your tax returns aren't ready instead.
You can get a home loan when you work for yourself. Sole traders, contractors, company directors and trust operators can all be assessed with the right lender. The real job is matching how you earn to a lender who reads it fairly. We compare more than 50 lenders to find that match.
A self-employed home loan is specifically designed for sole traders, company/business owners, and contractors. Lenders generally assess your income using tax returns, business accounts, and other documentation, rather than relying solely on standard pay slips. However, there are some lenders that allow payslip or director wages as sole proof of income. This gives you a fairer opportunity to access finance for a wide range of purposes.
Yes. Lenders approve home loans for self-employed borrowers every week. What changes is how you prove your income, not whether you can borrow at all. That is the part a broker helps with. Most self-employed buyers fall into a few groups: sole traders, contractors, company directors, and people who run their business through a trust. Each one shows income a little differently, and the right lender often depends on which group you fit.
Company directors are a good example. Some lenders on our panel will accept your director wages or payslips as proof of income, depending on how long the company has paid you. Others want to see the full company financials before they say yes. Knowing which lender does what, before you apply, saves you a knock-back you did not need.
Not always, and usually not by much. If you qualify on full financials, your rate is driven by the usual things: the loan size, your deposit, and the lender you choose. Where you use alternative income documents instead of tax returns, the rate can sit a little higher, because the lender prices in a bit extra for the different paperwork. For most self-employed borrowers that gap is modest.
We keep the focus on dollars rather than the headline rate alone. A lot of these loans carry no penalty for paying out early. That keeps your options open for the day your returns are up to date and you want to review where you sit. That flexibility is often worth more than a few points on a rate.
Self-employed lending is where a good broker really earns their keep, and it is a big part of what we do here. Our customers rate us 5 out of 5 on Google, and you can read their reviews before you ever pick up the phone.
If you are self-employed and thinking about a home, the best first step is a quick chat. Tell us how you earn, and we will tell you where you stand and which lenders suit you. We handle the heavy lifting from there. Call us on 07 3505 3099 or start your application online. It is free, there is no obligation, and talking to us does not affect your credit score. Fox Home Loans, your trusted mortgage broker on the Sunshine Coast, working with self-employed borrowers right across Australia.
Home loan pre-approval is a process by which a lender reviews your financial and credit history to determine how much money they would be willing to lend you for a home purchase. Pre-approval is not a guarantee that you will receive a loan, but it does provide an indication of how much you can borrow and the terms of the loan.
To obtain pre-approval, you typically need to provide the lender with information about your income, assets, and debts, as well as your credit score. The lender will use this information to assess your creditworthiness and calculate how much they are willing to lend you.
The pre-approval process typically takes a few days to a week, depending on the lender and the complexity of your financial situation. Once you receive pre-approval, you can start shopping for homes with the confidence of knowing how much you can afford to borrow.
Enquire for Pre ApprovalA first home buyer loan is a type of home loan specifically designed for individuals who are purchasing their first home. These loans typically have features that are intended to help first-time buyers enter the property market, such as lower deposit requirements, reduced or waived fees, and government incentives.
It’s important to do your research and compare the features and costs of different loans to find the one that best suits your individual needs and financial situation. Or leave it to the experts at Fox Home Loans. We’re here to help first home buyers navigate the complex road to owning their first home.
Enquire for your First Home LoanHome loan refinance is the process of replacing an existing home loan with a new loan from a different lender or with a different loan product from the same lender. The primary purpose of refinancing a home loan is usually to obtain a better interest rate or to access different loan features or benefits.
When you refinance a home loan, you essentially pay off the existing loan with a new loan, and the terms and conditions of the new loan may differ from those of the old loan. For example, you may be able to obtain a lower interest rate, switch from a variable rate to a fixed rate or vice versa, or access features such as offset accounts or redraw facilities.
Refinance your Home LoanBefore you start the process of switching home loans, it’s important to consider why you want to make the switch. Do you want to lower your interest rate, access different loan features, or consolidate debt? Understanding your reasons for switching can help you choose the right loan product and lender.
It’s important to note that switching home loans can be a complex process, and it may be helpful to seek advice from a mortgage broker like Fox Home Loans to ensure that you are making the right decision for your individual circumstances.
Switch Home LoansAn investment property loan is a type of home loan designed specifically for individuals who are looking to purchase a property for investment purposes rather than to live in themselves. These loans are typically used to purchase a property that will be rented out, with the rental income used to help repay the loan.
It’s important to carefully consider the costs and risks associated with investing in property and to do your research to find the right investment property loan for your needs. A financial advisor or mortgage broker may be able to provide guidance and advice to help you make informed decisions about your investment strategy.
Enquire for an Investment Property LoanA renovation home loan, also known as a home renovation loan or a home improvement loan, is a type of home loan that is specifically designed for borrowers who want to renovate or improve their existing home. These loans can provide funding to cover the cost of renovations or improvements, which can be a more affordable way to upgrade a home than selling and buying a new property.
If you are considering a renovation home loan, it’s important to have a clear understanding of your renovation plans and budget, and to work with a reputable lender or mortgage broker who can help you find the right loan product for your needs.
Enquire for a Renovation Loan
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Enter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
Enter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
Enter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
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of processed applications for everyday Australians and SME businesses
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A self-employed home loan is designed for sole traders, company/business owners, and contractors, using a variety of different options to assess income. This lets lenders fairly evaluate your borrowing capacity and provide loans tailored to your unique financial situation.
It can be used for buying a home, upgrading, refinancing, investing, or funding renovations, with flexible terms that recognise self-employed income.
Yes. Self-employed customers can access tailored home loans through Fox Home Loans. Lenders assess business income and financial documents to provide competitive loans for buying, upgrading, refinancing, investing, or renovating.
Our brokers guide you through the process, simplifying approvals and helping you secure the best loan for your circumstances.
A self-employed home loan can cover a wide range of purposes: purchasing your first home, upgrading to a larger property, refinancing an existing loan, buying an investment property, funding renovations or property development.
This flexibility ensures your loan matches your financial situation and long-term property goals.
Unlike standard home loans, self-employed home loans use a variety of different options to assess your income. This approach provides a fairer assessment of borrowing capacity for those with variable or non-traditional income streams.
It also allows access to competitive rates, flexible terms, and loans structured to suit self-employed borrowers.
