Being self-employed comes with plenty of rewards — flexibility, independence, and control over your income. But when it’s time to apply for a home loan, many business owners quickly discover that lenders don’t always make it easy.

At Logan Home Loans, we specialise in helping self-employed Aussies navigate this process with confidence. Here’s what you need to know to give yourself the best chance of approval.

1. Understand What Lenders Look For

Traditional lenders often rely on regular payslips to prove income, but if you’re self-employed, they’ll instead review your:

• ABN history (usually 2 years or more)
• Tax returns or BAS statements
• Business financials, such as profit and loss statements
• Personal credit history

They’re not just looking at how much you earn — they’re looking for stability and consistency.

2. Clean Up Your Financials

Before you apply, take time to make sure your records are up to date. Work with your accountant to ensure:

• All tax returns have been lodged
• Business and personal accounts are separate
• Any unnecessary expenses are minimised (as they can reduce your taxable income)

A clean set of books gives lenders confidence that your income is sustainable.

3. Explore Low Doc Options

If you don’t have two full years of tax returns, a Low Doc Loan could be a smart option. These allow you to verify income using alternative documents like BAS statements, bank statements, or an accountant’s letter.

4. Get a Specialist on Your Side

A broker who understands the self-employed space (like us!) can match you with lenders that actually appreciate how business income works. We know which banks look beyond the tax return and can often negotiate better outcomes.

Bottom line: being self-employed shouldn’t stop you from owning your dream home — you just need the right strategy and support to make it happen.