Down Payment FAQs for Architects in Australia

As an architect, you’re used to designing dream spaces. But when it comes to turning your own dream home into reality, navigating the home loan process can feel like uncharted territory. A significant hurdle for many Australians is the down payment – a large sum that can significantly impact the loan amount and your monthly repayments.

For self-employed architects, additional questions arise:

  • Can I use project fees or business assets as part of the down payment?
  • Are there loan programs with lower down payment requirements for self-employed individuals?

Here’s a breakdown to help you navigate the down payment landscape:

Using Project Fees and Business Assets:

The good news is that in some cases, you might be able to utilize certain business assets towards your down payment. However, it’s important to understand lender requirements:

  • Verifiable Income: Lenders will want to see a consistent income stream to assess your ability to repay the loan. Project fees can be considered, but you’ll likely need proof of income completion and future project pipelines.
  • Liquidity: Assets like equipment or ongoing projects might not be readily convertible to cash. Lenders prefer readily available funds for the down payment.

Loan Programs for Self-Employed Architects:

Several loan programs cater to self-employed individuals, including architects:

  • Low Doc Loans: These require less documentation compared to traditional loans, but often come with higher interest rates.
  • Guarantor Loans: Involving a guarantor with a strong financial standing can help secure a loan with a lower down payment.

Exploring Your Options:

It’s crucial to consult a mortgage broker specializing in loans for self-employed professionals. They can assess your financial situation, including project fees and business assets, and recommend loan options with lower down payment requirements. They can also help navigate documentation requirements specific to self-employed borrowers.


While a lower down payment might seem attractive, it translates to a higher loan amount and potentially higher interest rates. Carefully consider your long-term financial goals and choose a repayment plan that is comfortable and sustainable.

By understanding your options and consulting a qualified mortgage broker, you can bridge the gap between your architectural vision and your dream home.