Self Employed Home Loans in Perth

Being your own boss shouldn't lock you out of the property market. But self-employed borrowers are assessed on taxable income, and the deductions that keep your tax bill down also shrink the figure a lender sees.

Launch Finance helps Perth sole traders, subcontractors, tradies and freelancers find lenders that read self-employed income properly, and choose between full doc and low doc lending.

Full doc or low doc?

• Full doc. Two years of tax returns and notices of assessment, with the widest lender choice and sharpest rates
• Low doc. BAS, business bank statements or an accountant's declaration in place of full financials
• The trade-off. Low doc loans typically carry a lower maximum LVR and a rate premium
• Add-backs. Depreciation and other non-cash expenses can lift your assessed income

How long do I need to be self-employed to get a home loan?

Two years of tax returns is the standard at most mainstream lenders, and they'll usually average the two years if your income has moved around. Some lenders accept one year. Most also want to see that your ABN has been active for at least one to two years. The shorter your history, the narrower the lender panel, so it pays to know who to approach.

My taxable income is low. Can I still borrow?

Possibly. Net profit on your tax return is the starting point, but it's rarely the figure lenders use without adjustment. Certain expenses, such as depreciation, can be added back, and lenders differ on what they'll accept. Where your returns don't reflect what you're earning now, a low doc loan may be an option. We work through your figures before any application is lodged.

What happens next

A 15-minute discovery call. We review your returns or BAS, calculate your assessable income under different lender policies, and recommend the lender and loan type that gives you the strongest result.

Call 08 9367 4222 for a free, no-obligation chat. Or request a callback at a time that works for you.