Home loan guidance built around how you actually earn.
Clear, realistic advice for self-employed borrowers, contractors, and business owners.
Running your own business or working independently gives you flexibility — but it can also make home loans feel unnecessarily complicated.
Irregular income, business expenses, and lender rules that don’t always reflect real cash flow often leave self-employed borrowers feeling unsure or unfairly assessed.
At Extra Mile, we help self-employed Australians translate their income into lending options that make sense — without assumptions or shortcuts.
Why self-employed borrowers choose Extra Mile
- Experience working with self-employed professionals and business owners
- Clear explanations of how lenders assess self-employed income
- Honest advice based on real numbers — not generic rules
- Support from first review through to settlement
Understanding how lenders assess self-employed income
Home loan assessments for self-employed borrowers work differently from PAYG applications.
Lenders typically look at factors such as income consistency, business structure, expenses, and financial history — often over a longer period. The way your income is reported can significantly affect how it’s assessed, even if your business is performing well.
We explain how these assessments work, what different lenders prioritise, and how your situation is likely to be viewed — before you apply.
Big decisions. Real guidance. Real outcomes.
What clients say after going through the process with Extra Mile.
How home loans work when you’re self-employed
Step 1 - Understand how lenders see your income
We review your business structure, income history, tax returns and financials to understand how lenders are likely to assess your situation.
Step 2 - Match you with the right lending options
Different lenders assess self-employed income differently. We identify options that align with your structure — whether you’re a sole trader, contractor, or company director.
Step 3 - Apply with confidence
We prepare and manage your application, work directly with lenders, and guide you through the process so there are no surprises along the way.
Does this sound familiar?
- Not sure if your income will be accepted by lenders?
- Worried your business expenses reduce your borrowing power?
- Confused about how tax returns affect loan approval?
You’re not alone.
Many self-employed borrowers are in a strong financial position but struggle to show it within standard lending frameworks.
We help you understand what lenders look for — and how to present your situation clearly and realistically.
What you’ll typically need
Requirements vary by lender, but most self-employed applications involve:
- Identification
- Business financials and tax returns
- Bank statements
- Details of your business structure
- Information about existing liabilities (if applicable)
We’ll guide you through what’s needed and when.
Ready to move forward?
Book a free, no-obligation call and get clarity on your home loan options as a self-employed borrower.
All loans are subject to lender approval and eligibility criteria. Fees and charges may apply.
Frequently asked questions
Can I get a home loan if I’m self-employed?
Yes. Many self-employed borrowers qualify for home loans. Eligibility depends on your income history, business structure, and lender requirements.
How much financial history do I need?
Most lenders require one to two years of financials, though this can vary. We’ll explain what applies to your situation.
Do you work with different business structures
Yes. We regularly work with sole traders, contractors, partnerships, and company directors, and tailor guidance accordingly.
Contact us
Our Adelaide office
We’re based in Adelaide and support clients across South Australia and Australia-wide.