Home Loans for Nurses

Job Security

Nursing is one of the most in-demand professions in Australia. Extremely low unemployment rate. Lenders know you'll always have work.

Stable Income

Regular salary, award rates, predictable income. Lenders can easily verify your income through payslips and employment contracts.

Good Income

Including shift penalties, overtime, and allowances, many nurses earn $80K-$120K+. Strong borrowing power.

Professional Status

Registered profession with AHPRA. Lenders view healthcare professionals as low-risk, responsible borrowers.

Low Default Rates

Historically, nurses have very low mortgage default rates. Banks compete for your business with better rates.

Portable Skills

Can work anywhere in Australia. Moving cities for a new job? No problem - you'll find nursing work immediately.

💚 Professional Package Discounts

Many lenders offer special "Healthcare Professional Packages" with rate discounts of 0.1-0.3% off standard rates. On a $500K loan, that's $500-$1,500/year in savings!

✓ Shift Penalties & Overtime Accepted

Lenders who understand nursing will accept your shift loadings, overtime, and penalty rates as regular income. This can increase your borrowing power by 20-30%.

✓ Allowances Counted as Income

Uniform allowance, meal allowance, on-call allowance - these all count toward your income. Bring payslips showing 3-6 months of consistent allowances.

✓ Reduced LMI or Waived for High LVR

Some lenders reduce or waive LMI (Lenders Mortgage Insurance) for nurses with 10-15% deposit instead of requiring 20%. Save $10,000-$20,000.

✓ Fast Track Approval

Priority processing for healthcare workers at some lenders. Get approved in 24-48 hours instead of 1-2 weeks.

What Counts as Income?

Example: Nurse's Borrowing Power

• Base salary: $75,000
• Shift penalties: $12,000/year
• Overtime: $8,000/year
• Allowances: $3,000/year

For Permanent Full-Time or Part-Time Nurses

• Last 2 payslips (showing YTD earnings with shift penalties/overtime)
• 3-6 months bank statements
• Employment contract or letter from employer
• AHPRA registration certificate
• Photo ID (driver's license or passport)

For Casual Nurses or Agency Nurses

• Last 12 months payslips (to show consistent casual income)
• 6 months bank statements
• Letter from agency confirming ongoing work
• AHPRA registration
• May need 12-24 months employment history with same agency

💡 Pro Tip for Nurses

Keep 12 months of payslips even if you're permanent. If your overtime/penalties vary month to month, having a longer history shows lenders it's consistent, which maximizes your borrowing power.