Nurses and shift workers
Home Loans for Nurses and Shift Workers
Overtime, penalty rates and allowances can be a big part of your pay. Lenders don’t all count them the same way, and that can change what you can borrow. We compare options from a panel of 40+ lenders, by phone, evenings and weekends included.
Your pay
The extra pay lenders treat differently.
Same payslip, different lender, sometimes a different answer.
Overtime, penalty rates and allowances
Overtime, allowances, a second job, bonuses or Centrelink payments? Lenders treat these differently: some count only part of it, and some may count all of it for eligible borrowers. That could change how much you can borrow, but a higher amount isn’t certain. Conditions apply, and some of these loans may cost more.
Healthcare workers
Nurse or another healthcare worker? Some lenders may count more of your overtime and allowances than others, for eligible roles. It could affect what you can borrow, but conditions apply and the loan may cost more.
Casual shifts and a second job
Some lenders count casual or second-job income only after a set time, and some only in part. Others may count more. Conditions apply, and a higher amount isn’t certain. Our YTD income calculator annualises your pay the way many lenders check it.
Your deposit
Nurses and the LMI waiver.
What it is
Some lenders may waive lenders mortgage insurance for eligible nurses and midwives with a smaller deposit. Eligibility depends on your registration, your income and the loan. These loans can cost more in other ways, and you’ll still need savings for stamp duty and costs.
See our LMI waiver guide for how it works.
Government deposit schemes
If you’re buying your first home, a government scheme may also help with a smaller deposit, if you’re eligible. Our first home buyer guide explains the options.
Around your roster
Appointments that fit your shifts.
Phone, evenings and weekends
We meet by phone, with evening and weekend times, so you don’t need to swap a shift to talk about a home loan.
Start online
Prefer to start when it suits you? Start Online, and we’ll follow up at a time that works for you.
Payslips and paperwork
Lenders often ask for recent payslips and sometimes your employment contract. Having them ready, along with how long you’ve worked in your role, speeds things up.
Tools
Work out your numbers.
Questions
Common questions, straight answers.
Do lenders count overtime for a home loan?
Many do, but not all count the same amount. Some count only part of it, or only after a set time in the job, and some may count all of it for eligible borrowers. Conditions apply.
Are penalty rates and allowances counted?
It depends on the lender and your role. Lenders treat penalty rates, overtime and allowances differently, and some count only part of them. For eligible healthcare workers, some lenders may count more. That could change how much you can borrow, but a higher amount isn’t certain. Conditions apply.
I work casual shifts. Can I get a home loan?
Possibly. Some lenders count casual income after a set time in the job, and some may count all of it. How long you’ve worked casually, and in the same field, usually matters. Conditions apply, and a higher amount isn’t certain.
Can nurses avoid lenders mortgage insurance?
Some lenders may waive lenders mortgage insurance for eligible nurses and midwives with a smaller deposit, often with a minimum income. These loans can cost more in other ways, and you’ll still need savings for stamp duty and costs. See our LMI waiver guide.
Can we meet outside business hours?
Yes. We meet by phone, with evening and weekend times available, so you don’t need to swap a shift.
Talk through your pay and your options, around your roster.
No obligation. No pressure. Just honest answers.
We don’t charge you for our service. Lenders pay us a commission if you go ahead with a loan.