What We Offer

Self Employed Home Loans

Self-employment is an exciting opportunity. More freedom, more room for growth – the benefits can be endless! But there are some definite hurdles involved, especially when it comes to certain financial obstacles. Applying for a home loan is a natural step toward the next chapter of your life, but the application process can be demanding.
If you’re self-employed, this is especially true. How can you prove to home loan lenders that your self-employment can support your application? What makes self-employed home loans so different from standard loaning processes?

Services Benefit

Is It So Tricky?

With such extensive time frames, these requirements make it very difficult for self-employed professionals to acquire home loans, especially within the first two years of business. This can also affect your ability to pursue your personal goals such as acquiring your first home and set you back in your life’s progression.

The reason why banks are hesitant to lend to new business owners (less than two years of ownership) is simply that a new business is considered a risk and could jeopardise their investment. Following this ideology, new businesses are sometimes penalised with higher interest rates, or traditional lenders will lend lower LVR’s (loan to value ratios) in the rare case where the loan is approved.

Great Offer For Customer

Our Self-Employed Home Loan Options

Home Loans for Self-Employment Over 2 Years.
If you have been self-employed for over two years, there are home loans readily available for you. Although it will still take a range of paperwork and information to properly apply, you are at least in a fortunate enough position to have plenty of documentation available. At CLN Home Loans, we have extensive experience helping self-employed people find the perfect home loan for their circumstances. This will involve helping you to organise all the different forms of paperwork that will need to be supplied in order to give a comprehensive picture of where your business is at. The paperwork may be extensive, but with our support, you won’t need to worry about a thing.
Home Loans for Self-Employment Under 2 Years.
There are low-documentation (low-doc) loans available on the market and we can help you find these lending options, which could save you time and money. As these require less documentation, they often make home loans more accessible for self-employed individuals who have only been working for under two years. Low-doc loans can be a challenge to organise, but our team can help you apply for them. Mel Finance, your local qualified Melbourne mortgage broker, can aid you in taking your first steps toward owning your own dream home. In the past, our firm has worked with many sole traders and trust companies from different industries and our daily experience has acquainted us with the detailed knowledge of acquiring a loan. Thus, we understand that each individual case is different and hence tailor the process to match your requirements.

Think Littlebit.

Do I Need to Apply for a Self-Employed Home Loan?

Cover the basics of documentation and requirements, then stress that CLN Home Loans can guide you through applying for a self-employed home loan can involve a lot of paperwork. As opposed to your standard fixed-rate home loans, a financial institution needs more information to approve a home loan specifically tailored for a self-employed person. This involves a wide range of different forms and proof of employment, confirming not only your present income rates but also the likelihood of continuing success over the next few years.

Our performance

What Do I Need to Apply for a Self-Employed Home Loan?

Cover the basics of documentation and requirements, then stress that CLN Home Loans can guide you through applying for a self-employed home loan can involve a lot of paperwork. As opposed to your standard fixed-rate home loans, a financial institution needs more information to approve a home loan specifically tailored for a self-employed person. This involves a wide range of different forms and proof of employment, confirming not only your present income rates but also the likelihood of continuing success over the next few years.

This paperwork will likely include:

Don’t get overwhelmed by the process. Here at CLN Home Loans, we have helped countless self-employed Australians navigate the complications of receiving a home loan, organising lenders mortgage insurance, finding the right interest rate, and more. If you’re looking for a home loan specialist to ease the confusion, CLN Home Loans is ready to lend a hand.

 
At CLN Home Loans, we understand how daunting and tedious buying your first home can be. From rising property prices and a wealth of new concepts to get your head around to the fierce competition posed by established investors and other first-home buyers in Melbourne – it’s no wonder so many people feel overwhelmed.
error: Content is protected !!