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Boarding House

Home Loan for Boarding House Purchase: Specialist Lending for Multi-Room Rentals

Mortgagefy Broker Team · Published · Last reviewed

Boarding houses generate strong yield but lender options are limited. Most banks treat them as commercial property. Mortgagefy specialises in this niche.

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Who this guide is for

Investors purchasing boarding houses or multi-room rental properties for yield — including formal boarding houses (>5 rooms) and informal multi-tenant houses.

The local picture

Boarding houses fall between residential and commercial lending. Most banks decline. Specialist commercial lenders accept them but typically with 30-40% deposit, higher rates, and shorter terms.

How Mortgagefy helps locally

Mortgagefy works with specialist commercial lenders that accept boarding house finance. We identify the right structure for your specific property and investment goals.

Free advice.

How it works — 4 simple steps

1

Free boarding house chat

20-minute call about the property and your investment plans.

2

Compare commercial lenders

We identify lenders that accept boarding house structures.

3

Application support

We compile property details, rental income, business documentation.

4

Settle the property

You acquire the boarding house with proper finance.

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.

Talk to us about boarding house finance

Free 20-minute call about your investment plans.

Start Your Free Assessment Call 0432 634 648

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