How to Apply for a Mortgage When You’re Self-Employed: 4 Smart Tips
Self-Employed? Getting a Mortgage Doesn’t Have to Be Hard
Being your own boss comes with major perks—flexibility, independence, and the ability to build a business around your values. But when it comes to securing a home loan, lenders may see you as a higher-risk borrower due to potential income fluctuations.
Does that mean homeownership is off the table? Not at all! With a solid financial strategy and the right preparation, getting a self-employed mortgage can be smooth.
Here are four key tips to help you apply for a mortgage like a boss.
1. Get Your Finances in Order
Even if your business is thriving, lenders often view self-employed income as inconsistent, which may result in:
✅ Lower loan-to-value ratio requirements (meaning you may need a bigger deposit)
✅ Higher interest rates to offset perceived risk
To strengthen your mortgage application:
- Build a healthy credit score
- Reduce unnecessary expenses to show financial discipline
- Save for a strong deposit and emergency cash buffer
- Use accounting software (like Xero, MYOB, or Hnry) for accurate financial tracking
💡 Learn more about loan eligibility and refinancing.
2. Gather Your Financial Documents
Lenders require proof of stable income before approving self-employed home loans. The key documents you’ll need include:
📂 Business & personal tax returns (at least two years’ worth)
💳 Statements from loans and credit cards showing consistent repayments
🏠 Verification of assets (property, savings, investments)
💡 Pro tip: Let your accountant know you’re applying for a home loan early. Some tax strategies minimize taxable income, which could reduce borrowing power.
Some lenders require extensive documentation, while others offer low-doc loans, typically at higher interest rates or with Lenders Mortgage Insurance (LMI).
💡 Explore self-employed mortgage solutions.
3. Choose the Right Lender Carefully
Not every lender offers self-employed mortgages, so choosing a lender experienced in approving these loans is key.
🏦 Tip: Every home loan application affects your credit score, so multiple rejections may raise red flags for lenders.
Working with a mortgage broker can ensure you target lenders who specialize in self-employed loans—saving you time, stress, and credit score hits.
💡 Speak to a refinancing expert to explore lending options.
4. Get Expert Mortgage Advice Early
Just as tax planning is essential before applying for a loan, consulting a mortgage broker early can maximize your borrowing capacity.
✅ Find lenders comfortable with self-employed home loans
✅ Learn how to optimize financial records before applying
✅ Get personalized advice tailored to your business structure
💡 Thinking of buying a home in 2025? Contact CBM Mortgages today to start planning for success!
Take the Next Step Toward Homeownership
If you’re self-employed and ready to enter the property market, preparation is key. CBM Mortgages is here to help you navigate the mortgage process with confidence.
✅ Compare home loan options
✅ Target the right lenders for self-employed borrowers
✅ Get expert guidance throughout your home-buying journey
📞 Contact CBM Mortgages today and start securing your dream home now!
Read our blog post on business finance here
Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.
Written by Craig McDonald 12/06/2025
