I'm a sole trader carpenter. Will banks lend?

Yes — through specialist lenders. 2 years BAS + tax returns required.

My income is project-based. Will banks accept variable income?

Yes — annual income from BAS/tax returns smooths project variation.

I have tool loans. Does that hurt my home loan?

Yes — but some lenders treat business tool loans differently from personal debt.

How much can I borrow as a carpenter on $100K net?

On $100K net + 20% deposit: typically $670K–$830K.

I work with a builder on long-term framing contracts. Does that help?

Yes — long-term contracts demonstrate stability and improve application.

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Carpenter

Carpenter Home Loan Australia: Real Lending for Carpentry Trade

Mortgagefy Broker Team · Published 2026-04-29 · Last reviewed 2026-04-29

Sole trader carpenter, fit-out specialist, framing subcontractor — Mortgagefy knows lenders who handle carpentry trade income properly.

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Who this guide is for

Australian carpenters on ABN — sole traders, fit-out specialists, subcontractors — wanting home loans that recognise carpentry trade income.

Sole trader carpenters with diverse residential and commercial work
Fit-out and joinery specialists with stable client bases
Framing subcontractors on long-term construction projects
South Asian carpenters needing cultural support

The real challenge

Carpenter trade income shares the same lending challenges as other trade ABNs — variable billing, tool/equipment expenses, and major bank rejection of self-employed trade income.

Specialist lenders handle carpenter income with 2+ years of BAS and tax returns.

How Mortgagefy helps

Mortgagefy works with lenders comfortable with carpentry trade income. We document trading consistency and identify lenders flexible with sole trader trade structures.

Free advice.

How it works — 4 simple steps

Free carpenter chat

20-minute call about your structure, BAS, income and target home.

Compare lender options

We identify lenders that maximise carpenter ABN borrowing.

Application package

We compile your tax returns, BAS, business statements and supporting documents.

Settle your home

Approval through to settlement with ongoing support.

Frequently asked questions

We use offer letters and vesting schedules to value RSUs conservatively. We present current vesting value + projected future vesting as a 3-5 year income average. This gives lenders confidence in your income stability while accounting for market volatility.

Both. We work with W2 employees, 1099 contractors, and consultants. For contractors, we use 2 years of tax returns plus business financials. We have lenders who specialise in contractor income—they understand the variability.

Unvested options have zero value for refinancing. We count only vested equity. If you have a 4-year vest, we use 25% of the grant value (what's vested) plus a conservative projection of future vesting.

If you've been in your new role 6+ months, most lenders will refinance. We'll use your offer letter plus 6 months of pay stubs. If less than 6 months, it's harder but possible with specialist lenders.

Yes, if you have 2+ years of bonus history. We average the past 2 years and present it conservatively. Some bonuses get counted at 50% to be conservative with variable compensation.

ESPP is counted as deferred compensation. If your company matches or you have a discount, we value it as part of total compensation package.

Get a carpenter home loan assessment

Free 20-minute call about your real options as a carpenter.

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Free, no obligation. We'll match you with the right lender for your situation.

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