Home loans for the
self-employed

Self-employed, sole trader or looking for additional flexibility? Yard offers low rate purchase and refinance home loans, with flexible income verification and dedicated expert support.

Rates from
6.14 % p.a.
interest rate
6.16 % p.a.
comparison rate*
Owner occupier P&I with LVR ≤60%. Terms & conditions apply*
Reviews 267 • Excellent
We’re an award
winning lender!

Why business owners choose Yard

Low rates and fees

Competitive variable rates packed with all features for owner-occupiers and investors who are self-employed.

Dedicated expert support

We'll get to know you and your business to help you find a solution for your situation.

Flexible income verification

Yard has alternative income verification options for self-employed assessment.

Loans for new business owners

Recently become self-employed? Yard has options for newly established business owners and sole traders.

Our self-employed home loan features

Unlimited additional repayments

You can make free, unlimited additional repayments on our variable home loan. This means you can pay off your loan faster and save on interest.

Optional 100% Offset Facility

Having an offset account linked to your Yard Home Loan allows your savings to lower the amount of interest you pay on your home loan.

Unlimited free redraw

If you've made extra repayments onto your variable rate Yard Home Loan, you can redraw these for free through our online portal.

Up to 95% LVR

We can help you purchase when you don’t have a 20% deposit. The Yard Home Loan can have an LVR of up to 95%, but Lenders Mortgage Insurance (LMI) is needed if your LVR is greater than 80%.

Our awards!

We’re an award winning lender!

Canstar Outstanding Variable Home Lender Award 2021RateCity Award 2021 - Best Home LoanRateCity Award 2021 - Best Refinance LoanFinder Award 2021 - Low Deposit Home LoanFinder Award 2021 - Low Deposit Home Loan
Canstar Outstanding Variable Home Lender Award 2021
RateCity Award 2021 - Best Home Loan
RateCity Award 2021 - Best Refinance Loan
Finder Award 2021 - Low Deposit Home Loan
Finder Award 2021 - Low Deposit Home Loan

How to apply for a self-employed home loan

1
Start your application

Apply online with our easy online home loan application. A dedicated Loan Consultant will give you a call to discuss your home loan requirements and help find the best solution for you.

2
Provide your supporting documentation

We verify your information by receiving some supporting documentation, e.g. a tax return and ATO tax assessment notice. We also perform a valuation on your property. We will do an online valuation but if there is no sufficient data, the valuer needs to do a physical visit of your property.

3
We assess your application

Our credit team reviews your information and makes an assessment on your application.

4
Your loan documents and settlement

Our solicitors send you the loan contract via email. When it is time for settlement, our solicitors will work with your solicitor (for a purchase) or current lender (for a refinance) to settle your home loan!

The important questions answered

How to get approved for a home loan as self-employed?

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.

When you are applying for a home loan as self-employed, what documents are you required to provide?

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.

How much deposit do I need?

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.

How much can I borrow for a mortgage if I am self-employed?

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.

How many years do I have to be self-employed to get a mortgage?

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.  

Does Yard offer Low Doc / Alternate Doc Loans?

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.

What our customers say...

Are you ready to make a move?

Yard is your partner for property ownership

We consider your time, your circumstances and your wallet