A free self-employed document checklist from The Finance Yogi covering the tax returns, BAS, financials and bank statements lenders need in WA.
Being self-employed does not have to make your home loan harder – it just needs the right documents. This free checklist covers everything lenders ask business owners for in WA.
Have these ready and your application is assessed fairly and quickly, whether you go full-doc or low-doc.
As your local Perth broker, The Finance Yogi uses this checklist to present self-employed income in its best light.
Lenders assess self-employed borrowers on whether they can verify your income and whether it is stable. The documents you need depend on whether you go full-doc or low-doc.
Full-doc uses your tax returns and financials; low-doc uses alternatives like BAS or an accountant’s letter. All four major banks now accept one year of financials, which has made things easier.
Work through the checklist below and we will choose the path that presents you best.
The challenge for the self-employed is rarely the income – it is proving it the way lenders want.
Get these documents ready and we will package them correctly and match you to a welcoming lender.
With the big banks now accepting one year of figures, many self-employed buyers qualify for full-doc rates. See our self-employed requirements guide.
If your returns understate your current income, a low-doc path may suit better.
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After 10 years inside the Big Four banks, I saw how many Perth families missed out or borrowed with the wrong lender. The Finance Yogi exists to change that - we compare the whole market and explain every number in plain English.
If you cannot provide full tax returns, low-doc lenders accept alternatives: six to twelve months of Business Activity Statements, business bank statements showing turnover, or a signed accountant’s declaration of your income.
Low-doc loans usually cap borrowing at 80% of value, so a 20% deposit avoids Lenders Mortgage Insurance.
Learn more: our low doc home loans explained guide covers how these work, and the borrowing power calculator estimates your capacity.
As with any loan, you will need photo ID and a secondary form of identification, plus evidence of your deposit and three to six months of savings.
Business and personal bank statements are also commonly requested, so the lender can see your cash flow and spending.
We confirm exactly what your chosen lender needs. See the full service on our self-employed home loan Perth page.
Work through the final list below, and we will choose between full-doc and low-doc based on what presents you best.
Then we package your income, identify any add-backs, and match you to a lender whose policy fits.
Have these ready and your application moves smoothly. For the full picture, read our complete self-employed home loan guide, or explore our finance services.
Book a free, no-obligation chat and we will check your documents and match you to the right lender.
Source: home loan guidance from ASIC MoneySmart, and business income information from the ATO. Confirm lender requirements before applying.
