Can I really get a home loan with an ABN under 2 years old?

Yes — specialist non-bank lenders and a handful of second-tier banks will look at borrowers with as little as 6 months of ABN trading. Major banks generally require 2 years, which is why most people think it's impossible.

Do I need 2 full years of tax returns?

Not always. Some specialist lenders accept BAS statements, some accept 6-12 months of business bank statements, and some will rely on an accountant's letter confirming your projected income. The right path depends on your structure and income pattern.

Will I pay a higher rate as a new ABN borrower?

Often the rate is 0.3-1.0% higher than a prime borrower with 2+ years of returns. Once you have a full year of repayments and updated tax returns you can refinance back to a major bank rate. We plan that exit at the start.

How much deposit do I need?

Typically 10-20% deposit. Some specialist lenders will accept 5-10% deposit but with LMI added. We model both scenarios so you can decide.

Will applying damage my credit score?

No — we do not pull credit until you choose a specific lender and want to proceed. Pre-assessment is based on your documents only.

Under-2-Year Abn | Mortgagefy

Who this guide is for

Tradies, contractors and consultants who recently went out on their own
Sole traders with under 24 months of ABN trading history
Bangladeshi, Indian, Pakistani and migrant business owners new to ABN structure
Borrowers previously declined by major banks for being too new to self-employment

The real challenge

The big four banks almost universally require 2 full years of ABN trading and 2 years of tax returns before they will look at a self-employed application. That rule shuts out tens of thousands of capable Sydney earners every year.

Even worse — many borrowers don't know specialist lenders exist, so they wait two years and lose the property they want, or they take a guarantor loan they didn't actually need.

How Mortgagefy helps

Mortgagefy works with specialist and non-bank lenders who assess ABN borrowers from 6 months trading. Some accept BAS statements, some accept business bank statements, some accept an accountant's letter — we know which lender wants what.

We model the real cost — interest rate, deposit, LMI position — so you can decide whether to apply now or wait. No obligation, no credit pull until you're ready.

How it works — 4 simple steps

ABN history check

We confirm your ABN start date, business structure and trading documents. 15-minute call.

Lender match

We identify the 2-3 specialist lenders most likely to approve your specific situation.

Document prep

BAS, bank statements, accountant letter — we tell you exactly what's needed and review before submission.

Settlement

Application, valuation and settlement coordinated with your conveyancer. Most under-2-year ABN deals settle in 4-8 weeks.

Frequently asked questions

Talk to a specialist who actually works with under-2-year ABNs

Free 20-minute consultation. We'll tell you honestly whether to apply now or wait — no pressure either way.

Start Your Free Assessment Call 0432 634 648

Get your personalised answer in 2 minutes

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

Model your scenarios: Use our free home loan calculators to estimate borrowing capacity, repayments, and savings.

Home Loans for ABNs Under 2 Years Old in Sydney