To get approved for a home loan as a self-employed borrower, you need to demonstrate that you can meet the credit eligibility criteria. Some of these include:
- Amount of deposit or equity in your property
- Borrowing capacity test
- Credit history
- Other requirements such as length of ABN registration, time in the industry, level of assets, your retirement strategy 

You also need to be able to provide the supporting documentation to evidence the information you have provided as part of your application. Yard can lend to sole trader, partnership, trust or company business structures.

At Yard, self-employed borrowers typically need to provide:
- The most recent financial year Personal Tax Return and corresponding ATO Tax Assessment notice
- The most recent financial year Company Tax Return and Business Financials if you are running your business through a company 

If you do not have your tax returns ready, Yard also has options for alternative income verification through an accountant letter and Business Activity Statements or bank statements.

Yard can finance owner-occupied properties up to 95% of the property purchase price. For investment properties, we can finance up to 90% of the property purchase price. When you have less than 20% deposit, Lenders Mortgage Insurance applies.

To assess how much you can borrow for a mortgage, Yard performs a borrowing capacity test. We consider your income, expenses and net profit. We can also add back some expenses for items such as depreciation or asset write offs. Your Loan Consultant will review your business financials and work with you to estimate your borrowing capacity.

Typically, we expect that you have 2 years of ABN registration. That being said, Yard has solutions for self-employed customers with 6 months ABN registration. Simply start your application online and one of our Loan Consultants will call you back to discuss your options.  

Low Doc or Alternate Doc Loans (Alt Doc) is a way to describe home loans for people with income and assets, but without the regular ways to prove this. At Yard, we understand that not everyone who is looking for a home loan will have traditional proof of their ability to afford to repay the loan and may have different financial structures. As a non-bank lender, our Loan Consultants are able to take your unique circumstances into account when discussing your home loan. So if you're looking for a mortgage but aren't sure whether you can prove that you can repay, get in touch with our friendly team today and we'll talk you through the process and what we need to be able to finance your property.