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Casual & Contract

Home Loans for Casual and Contract Income Earners

Mortgagefy Broker Team · Published · Last reviewed

Casual and contract income is treated harshly by most lenders — sometimes only 50-80% of base is counted. We work with lenders that count overtime, allowances, multiple employer income and gig work at full value where the history supports it. The right lender can mean $100K+ more borrowing capacity.

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Who this guide is for

The real challenge

Major banks often discount casual income to 50-80% of the base rate, ignore overtime entirely, and refuse multi-employer income unless one job is dominant. The result is a borrower earning $100K+ getting assessed at $60-70K — and either declined or offered a tiny loan.

Gig work is even harder. Uber drivers, food delivery riders and freelance platform workers are technically self-employed and often need 2 years of tax returns even though their income is steady and verifiable through platform records.

How Mortgagefy helps

Mortgagefy works with lenders that count casual income at 100% if you've been with the same employer for 12+ months, count overtime when consistent, and accept multi-employer income across roles in the same industry.

For gig workers, we work with specialist lenders that accept platform income reports (Uber summary, DoorDash earnings) alongside BAS and bank statements. We model your real borrowing capacity before you apply.

How it works — 4 simple steps

1

Income map

We list all your income sources — base, overtime, allowances, second jobs, gig — with history.

2

Lender match

Different lenders weight casual differently — we shortlist the 2-3 most generous for your specific mix.

3

Document pack

Payslips, employment contracts, tax returns, BAS, platform earnings reports — formatted correctly.

4

Settlement

Application, valuation, settlement coordinated. Most casual/contract loans settle in 5-7 weeks.

Frequently asked questions

Can casual workers get a home loan in Sydney?

Yes — most lenders accept casual income with 6-12 months in the same job. Some lenders count 100% of base, some apply 80% haircut. The lender choice can mean $50-100K extra borrowing capacity.

Will overtime and shift loadings count?

Some lenders count consistent overtime at 100% if you have 12+ months of history. Others apply 50-80% haircut. We know which lenders treat overtime well — important for shift workers and emergency services.

Can I combine income from 2 part-time jobs?

Yes — many lenders accept multi-employer income, especially when the jobs are in the same industry. We confirm the lender's rule before lodging.

How do Uber and gig workers get assessed?

Gig income is treated as self-employed. Most specialist lenders accept 12 months of platform earnings + BAS + bank statements as primary income evidence. Some require 2 years of tax returns.

How much deposit do I need?

Standard 5-20% deposit applies. With casual income at full assessment, most casual workers get to the same loan size as PAYG — just with the right lender choice.

Get a free casual or contract home loan assessment

We model your real borrowing capacity across multiple lender scenarios — so you see exactly which lender counts your full income.

Start Your Free Assessment Call 0432 634 648

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