Home Loans for Self-Employed & Contract Workers
We are mortgage brokers for self-employed, tradies, and contract workers
- 2-10% deposit to buy a home
- Rates as low as 5.44%
- Get up to $3,000 cash back
- Fast pre-approvals & expert guidance
Self-Employed? On a Contract?
We Can Assist
Are you looking for a home loan but struggling to get approved because of your income structure? Whether you’re a self-employed tradesperson, a contractor, or someone with fluctuating income, getting a home loan can feel like an uphill battle.
We offer tailored solutions to help you navigate the challenges of securing a loan. Whether you’re looking to buy your first home or refinance an existing property, we are here to help you secure a home loan that works for your unique situation.
Looking to Buy or Refinance? Get a Free Assessment
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What Are Ways to Get Home Loans Approved?
If you’re a contractor or self-employed looking to get your home loan approved, there are several strategies that can improve your chances of success.
- ABN Less Than 2 Years Old
In many cases, lenders require you to have a history of stable income. However, some lenders offer home loans to self-employed borrowers with an ABN that’s less than two years old. This allows you to access financing without having to wait the usual two years of business history.
- Using 1-Year Financials and Tax Returns
Self-employed borrowers often face challenges with providing two years’ worth of financial documentation showing consistent and steady income year-on-year. Fortunately, some lenders just use one year of financials and tax returns to assess serviceability. This relaxed requirement can help you borrow larger amounts and qualify for a home loan.
- Alternative Documentation
Lenders understand that contractors and self-employed borrowers may not have all traditional documentation required like personal and business tax returns, and financial reports for the business. In these cases, we can help you get a loan approved using alternative documents, such as your Business Activity Statements (BAS), bank statements, or letters from your accountant to verify your income.
- Some Lenders Exclude Business Debts in Serviceability
If you have business-related debts, certain lenders may exclude them when calculating your borrowing power. This means that your business liabilities won’t negatively impact your eligibility for a home loan, making it easier for you to secure a loan based on your business income and financial situation.
- Add Backs
Lenders often allow for “add backs” – a process where you can add certain business expenses back to your income calculation. These might include non-cash expenses like depreciation or one-off expenses that don’t impact your cash flow. This can help improve your serviceability and increase your borrowing capacity.
- Top-Rated Mortgage Brokers in Australia
- High Approval Rate over 1000+ loans
- Direct access to 50+ banks & lenders
Schedule a consultation with one of our home loan experts
Some of Our Lenders
Our Proven Process
Discovery
We discuss your situation, the goals you're wanting to achieve, and assess how we're able to help you.
Assessment
We review your documents, research solutions, and present the best options to you. Once you agree to proceed, we prepare your loan application.
Lodgement
We lodge your loan application and monitor its progress. Once approved, we assist with reviewing and signing your loan contracts.
Support
Once your loan has settled, you join the Zenith family! We provide ongoing support and review your loan to match your changing needs.
Join thousands of satisfied customers
Have an obligation-free chat
with one of our experts
The Zenith Difference
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| Negotiate your rate multiple times annually |  |
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| Access to over 50 different lenders | |
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| Access to over 1000 different loan products | |
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| Free detailed property reports | |
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| 100+ 5-star Google reviews | |
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| Services are free of charge | |
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| Fully managed end-to-end process | |
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| Available 7 days a week, Australia-wide | |
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| Priority status with banks for quick outcomes | |
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| Expert guidance and advice | |
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Frequently Asked Questions
Partnering with a mortgage broker like Zenith can significantly streamline your home loan journey. We provide expert advice on loan products carefully tailored to your unique financial situation. By handling the legwork, comparing multiple options, managing paperwork, and negotiating better terms, we save you valuable time and help identify potential hidden fees. As we are not tied to any single lender, we can select the best loan for your needs, ensuring you secure the most suitable deal. Additionally, we proactively review your interest rate multiple times per year to ensure you remain on the most competitive rate available, maximising your savings and giving you long-term peace of mind.
Our services are provided at no cost to you. We receive compensation directly from the lender you choose once your loan is settled, ensuring that you can explore your options without incurring any upfront fees.
Each lender has unique criteria and requirements that must be met before they approve a loan. Our team takes the time to thoroughly analyse your credit history, income situation, and the specific strengths and weaknesses of your financial circumstances. This allows us to match you with the most suitable lender and loan package tailored to your needs. Our experienced professionals will provide you with comprehensive information, ensuring you have everything necessary to make an informed decision.
To begin, we’ll work closely with you to understand your goals and objectives. We’ll then gather and review all necessary supporting documents to ensure we have a comprehensive understanding of your situation. Once we have sufficient information to make a personalised recommendation, the next step will depend on the chosen lender’s processing timeline. This can vary from several weeks to a few months, which is why we strongly advise initiating the process as early as possible, especially when it comes to property purchases, where timing can be crucial.
You may not always qualify for financing from a specific bank. After assessing your unique situation, we’ll work to find you the lowest possible interest rate from eligible lenders. While interest rates are important, they’re just one piece of the puzzle. We’ll also help you consider all other fees and features associated with each loan option, ensuring you have a complete understanding of your choices and can make an informed decision that best suits your needs.
Typically, lenders require a minimum deposit of 5% of the property’s purchase price to secure a home loan. However, in some cases, it may be possible to proceed with a lower deposit. Keep in mind that if your deposit is less than 20% of the property’s price, you may need to pay Lenders Mortgage Insurance (LMI), unless you qualify for an LMI waiver or apply for a family guarantee. Contact us to explore your options and determine the best approach for your situation.
We have successfully helped thousands of self-employed borrowers