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IT Contractors · Self-Employed Home Loans
Low Doc Home Loans for IT Contractors
Low doc home loans for IT contractors. Developers, consultants, cloud architects, data engineers operating under their own ABN. BAS, accountant letter or business bank statements accepted.
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Why low doc fits IT contractors
Many IT contractors restructured from PAYG to Pty Ltd in the past 12–24 months to claim better deductions. That break in employment history is exactly when major banks decline — and exactly when low doc lenders approve. Your contract income is real, verifiable through BAS or business bank statements, and lenders treat it accordingly.
Who this page is for
Software developers, cloud architects, data engineers, security consultants, IT project managers and other tech professionals contracting through their own ABN or Pty Ltd company. Day-rate contractors at $700–$2,000+/day. Equity holders in tech consultancies. Recent transitions from FAANG / banking PAYG into independent contracting.
Income evidence we can use
12 months of BAS, an accountant letter, or 6–12 months of business bank statements showing project payments from your clients (often Australian government, banks, telcos or large corporates). A single client with consistent monthly payments is actually a clearer income picture than diverse small-business turnover.
Typical borrowing capacity
High-day-rate IT contractors typically borrow $1M–$2.5M depending on assessed income and deposit. Up to 80% LVR standard. Some specialist lenders go to 85% with LMI. Your Pty Ltd structure may allow profit retention strategies that affect serviceability — we’ll model both gross and retained-income scenarios.
FAQs — IT contractor home loans
I just switched from PAYG to Pty Ltd. Do I qualify?
If you’re contracting in the same industry as your PAYG role, several specialist lenders accept 6 months ABN. Mainstream lenders typically want 12+ months ABN history.
I’m between contracts — problem?
A short gap is normal for contractors. Lenders look at average monthly income over the BAS / bank statement period, not last week’s status. Have a contract starting soon? Even better.
What about share scheme income from a previous PAYG role?
RSUs and vested options from a previous employer count as supplementary income if continuing for 12+ months. Useful for boosting borrowing capacity above what current contracting income alone would support.
IT contractor mortgage broker
Free consultation. We’ll model your borrowing capacity using day-rate income properly.
Related: Low Doc Home Loans · Self-Employed