NOOSA MORTGAGE BROKERS FOR SELF EMPLOYED HOME LOANS

We're Noosa's #1 mortgage brokers for self employed people wanting to apply for a home loan. The mortgage process and home loan application can seem pretty daunting, so at Fundi Finance, we make the process of getting a home loan as easy for you as possible.

Self-employed borrowers face unique challenges, and we're here to guide you through every step of the journey with expert advice and personalised loan solutions. We work with a number of banks and lenders that can provide the best home loans and interest rates for self employed customers, in Australia. Our team are specialists in low doc loan solutions, so no matter where you are on your entrepreneurial journey, we'll team you up with an appropriate lender so you can buy a home.

Mobile Service On The Sunshine Coast

While we are based in Eumundi on the Sunshine Coast we help business owners all over Australia find the perfect loan solution for them. If you're located on the Sunshine Coast, we're happy to meet you at your favourite cafe, home or business.

Self-Employed Home Loan Specialist

Why Choose Fundi Finance Brokers?

We're experts in self-employed mortgage: Our team has extensive experience helping self-employed borrowers secure the best possible mortgage rates and terms. We understand the nuances of self-employment income and tax documentation, and we know how to present your financial situation in the most favorable light to lenders.
We offer a wide range of loan options: We have access to over 30 lenders, so we can find the right loan for your unique needs, whether you're a freelancer, contractor, business owner, or solopreneur.
We provide personalised service: We take the time to understand your individual financial goals and challenges, and we'll work closely with you to develop a customised mortgage plan that meets your needs.
We make the process easy: We'll handle all the paperwork and legwork for you, so you can focus on what's important - finding your dream home.
We're aiming to be recognised as the best mortgage brokers for self employed people on the Sunny Coast.

Mortgage Challenges For The Self-Employed Borrower

Self-employed individuals often face unique challenges when applying for a mortgage, such as:

Irregular income: Lenders typically prefer borrowers with stable, predictable income, and self-employed income can be more variable.
Short tax history: Many self-employed borrowers have a shorter tax history than salaried employees, which can make it more difficult to qualify for a mortgage.
Lack of documentation: Self-employed borrowers may not have the required documentation prepared, especially if they are new to business.

Specialist Self Employed Broker

At Fundi Finance, we are self employed too, so we want to be the best mortgage broker for self employed people, in Noosa. We know how to overcome the loan application challenges and get you approved for the self employed mortgage loan product you want. We can help you:

Maximize your income: Each lender has different ways of looking at self employed income. We have a great understanding of each lender's policy and can help you get the best borrowing power for your business income.
Explain your business structure: We can help you explain your business structure and income to lenders in a way that they understand.
Gather the necessary documentation: We know what documentation lenders need from self-employed borrowers, and we can help you gather it all together.

Being self employed myself, I know the challenges that come with borrowing as a business owner. I want to ensure that I find a solution for all of my customers. If not now, we can lay a pathway out for how you can get the desired result.

Self Employed and looking for a home loan?

We want to make the process of securing a home loan as simple as possible for you.

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How much of a deposit will I need to have saved?

The amount of deposit you'll need for your mortgage depends on several factors, but as a general guide, aiming for a 20% deposit is ideal. This will unlock the best interest rates and avoid the cost of Lender's Mortgage Insurance (LMI). However, there are options available even with smaller deposits, so let's break it down: Minimum deposit requirements: Most lenders require a minimum deposit of 5% of the property purchase price. With a deposit less than 20%, you'll likely need LMI, which protects the lender if you default on your loan. This adds extra cost to your mortgage. Benefits of a larger deposit: Lower interest rates: The bigger your deposit, the smaller the loan amount, and typically, the lower the interest rate you'll qualify for. This can save you thousands of dollars over the life of your loan. Avoid LMI: With a 20% deposit or more, you generally avoid LMI, saving you money upfront and over the loan term. Alternative options with smaller deposits: First Home Guarantee Scheme (FHG): This government scheme allows eligible first home buyers to purchase a property with a deposit as low as 5% without LMI. Guarantor loans: With a guarantor who uses their equity as security, you might qualify for a lower deposit and potentially avoid LMI. Lenders Mortgage Insurance (LMI): While it adds cost, LMI can help you purchase a property with a deposit as low as 5%.
I love where I live, can I keep renting and buy an investment property as my first home?

Yes! This is a common strategy seen these days for those people living the city life but unable to afford to buy a property where they are living. You could continue renting in an area that you love while purchasing a property in an area you can afford and rent that property out.
Do I need a pre approval before buying a property?

Short answer is No. Although a pre approval can be a valuable tool for providing confidence that a lender has agreed to lend you the money you are after, it is not essential. If you are in a good position, spoken with a broker and they are confident you could get what you are after you could potentially look to purchase without one. I would always recommend that you include a finance clause in your offer to protect you and to allow you enough time to gain finance approval.
I've been banking with my bank forever, will they look after me?

No - they look at everyone as if its the first time they have met them. This is something I see very often. People who have been banking with a certain bank for years believe because of this they will get special treatment with that bank. Unfortunately that is not how it works, almost all of the banks have separate loan departments which look at your situation as if they have never met you before. They go through the whole application process and calculate your borrowing power based on your income, expenses and individual situation.
Is it hard to buy your first home?

Like anything you do for the first time, buying your first home can be very daunting. There is always going to be parts of the journey that are stressful and hard, but If you surround yourself with the right team, they can help take the stress out of the whole process and make it as easy as possible for you. If you would like some help, a mortgage broker can be your most valuable tool to help you put a plan in place to buy your first home.
Do I need to save a 20% Deposit?

We've all heard the ramblings of "you need a 20% deposit to even start looking for a property" This is a common misconception. There are so many different options available now to purchase your first home with a small deposit and in some cases even no deposit. If you'd like to talk with a mortgage broker on if you'd be able to get a home loan please reach out
Where do I start?

This home buying guide is a great place to start, If you have read through this it tells me that you are serious about getting into a place of your own. For your next step, I would recommend booking in to talk with your local mortgage broker. They will be able to tell you where your borrowing power is at the moment and run you through what options you have available to you. We would love to help you put a plan in place - Contact us
How do I buy a house with no deposit?

While this option is not available to everyone, there is a way to purchase a property with no deposit saved. If you have parents that own a property and have equity available (they could still have a home loan) and are willing to let you use that property as collateral to purchase your property. You can then secure 20% of your new properties value + other fees and charges against your parents property while securing the other 80% against the new property that you are looking to purchase. There are risks for all parties involved in this scenario. If you would like more information if a guarantor loan would be suitable for you, please reach out to your local mortgage broker.