Getting a home loan as a self-employed borrower or someone with a new ABN can be challenging. Traditional lenders often require at least two years of financial records, making it tough for new business owners to qualify. But don’t worry – with the right mortgage broker, you can still secure a competitive home loan even if your ABN is less than a year old.
The Challenges Self-Employed Borrowers Face
Unlike PAYG employees who provide consistent payslips, self-employed borrowers need to prove their income through:
✔ Business financials (profit & loss statements)
✔ Tax returns (often two years’ worth)
✔ Bank statements showing business revenue
If you’ve been in business for less than two years, you may struggle to meet these requirements with traditional banks. That’s where we come in.
How We Help Self-Employed Clients Get Approved
🔹 New ABN? No Problem: Some lenders will consider applicants with an ABN registered for as little as six months.
🔹 Low Doc & Alt Doc Loans: Instead of two years’ tax returns, we help you qualify using BAS statements, bank statements, or an accountant’s declaration.
🔹 Access to Specialist Lenders: We work with lenders who understand self-employed income and offer tailored home loan solutions.
🔹 Fast-Track Approval: We structure your application correctly from the start, increasing your chances of a quick and hassle-free approval.
Can You Get a Home Loan with an ABN Less Than 1 Year Old?
Yes! While most banks require a minimum of two years, some lenders accept applicants with a newly registered ABN (even under 12 months). Key factors that improve your approval chances include:
✅ A strong credit history with no defaults
✅ Consistent business income (shown via recent bank statements)
✅ A 20% deposit (though some lenders accept 10%)
✅ An ABN and GST registration (even if recent)
What If You Have Minimal Financial Records?
If you don’t have full financials yet, we can help you explore low doc or alt doc loans, which may require:
✔ BAS statements from the last two quarters
✔ Business bank account statements (3-6 months)
✔ Accountant’s letter verifying your income
Some lenders may even consider a secured loan backed by property or assets, reducing risk and improving your chances of approval.
Why Work With a Mortgage Broker?
🔹 We have access to lenders who specialize in self-employed home loans
🔹 We negotiate better rates and loan terms
🔹 We handle all the paperwork, making the process easier
🔹 We structure your loan to improve approval chances
Get Approved for a Self-Employed Home Loan Today
If you’re self-employed or a new business owner, you don’t have to wait years to qualify for a home loan. With the right lender and strategy, you can buy your dream home sooner.
📞 Contact us today for a free assessment and find out how we can help you get approved faster.
