If you're self-employed and looking to purchase or refinance a home, understanding your borrowing power is essential. Our borrowing power calculator helps you estimate how much you may be eligible to borrow based on your income and expenses.
For first-time buyers, our first home buyer guide offers valuable insights into the process, government incentives, and tips for securing your dream home. If you're considering refinancing, explore our refinance options to potentially lower your interest rate or access equity.
Understanding Self-Employed Home Loans
Securing a mortgage as a self-employed individual can be more complex than for salaried employees. Lenders typically require detailed proof of income, such as two years of Business Activity Statements (BAS), tax returns, and sometimes additional documentation to verify income stability.
Current Interest Rates and What They Mean
As of March 2026, the average interest rate for home loans stands at 5.99% p.a. This rate applies to many fixed and variable-rate loans and is a key factor in determining your monthly repayments. It's important to compare different loan options and lenders to find the best fit for your financial situation.
How to Improve Your Borrowing Power
- Maintain consistent income and keep thorough financial records
- Reduce existing debts to improve your debt-to-income ratio
- Save for a larger deposit to potentially secure better rates
- Consult with a mortgage broker to explore tailored options
Exploring Loan Options for Self-Employed Borrowers
Many lenders now offer tailored products for self-employed individuals, including low-doc and full-doc loans. Each has its own eligibility criteria and documentation requirements. Visit our Sydney suburbs page to explore properties or read our First Home Buyers Guide for step-by-step advice.
Refinancing can be an effective way to access better rates or fund renovations. Learn more about refinancing options and how they can benefit self-employed borrowers.
If you're self-employed and ready to take the next step towards homeownership or refinancing, our team is here to help. Contact us today to discuss your options and find the best mortgage solution tailored to your needs.
Visit our contact page to get started or request a personalised consultation.