Home Loans for Nurses
Access Tailored Nurse Home Loans with a Mortgage Broker Who Specialises in Healthcare
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A nurse home loan is a home loan accessed through a specialist mortgage broker for nurses who understands how nursing income is structured and which lenders are well positioned to assess it accurately. Unlike a standard home loan application, a nurse home loan takes into account shift allowances, overtime, and penalty rates as part of your assessable income. This can significantly increase your borrowing capacity compared to applying directly with a lender who treats nursing income the same as a standard salary.
A specialist broker also knows which lenders offer benefits specifically for healthcare professionals, including LMI waivers, professional package discounts, and access to government schemes such as the Australian Government 5% Deposit Scheme. The difference between a standard home loan and a nurse home loan comes down to how your income is assessed and what benefits you can access. Nurses who apply without specialist guidance often miss out on concessions they are fully entitled to.
Nurse home loans are available to a broad range of nursing professionals working in Australia. Eligible borrowers include registered nurses, enrolled nurses, nurse practitioners, midwives, and clinical nurse specialists. Some lenders also extend professional benefits to community health nurses, aged care nurses, and other healthcare workers in clinical roles.
If you are unsure whether your role qualifies, our Finance and Mortgage Brokers can confirm your eligibility and identify the lenders most suited to your income structure. You can also explore dedicated pages for home loans for registered nurses, home loans for enrolled nurses, home loans for nurse practitioners, and home loans for clinical nurse specialists.
One of the most valuable benefits available through nurse home loans is the ability to have Lenders Mortgage Insurance waived entirely. LMI is typically charged when a borrower has a deposit of less than 20%, and it can add tens of thousands of dollars to the cost of a loan. Select lenders will waive this fee for eligible registered nurses and midwives, with some lenders requiring a minimum income of $90,000, allowing you to enter the property market sooner and with a smaller deposit. Enrolled nurses are generally not eligible for lender LMI waivers.
Visit our dedicated LMI waiver for nurses page to learn more about eligibility and how to apply. This is one of the most sought-after benefits for nurses purchasing property and is well worth exploring before you commit to a lender.
Nursing income is often made up of more than a base salary. Shift allowances, overtime, penalty rates, and casual loadings are a significant part of what many nurses earn. Select lenders will count 100% of this additional income when assessing your borrowing capacity for mortgages for nurses, which can meaningfully increase the amount you are able to borrow.
A mortgage broker for nurses understands which lenders apply these policies and can match you with the right one. This is one of the key reasons why working with a specialist produces better outcomes than applying directly.
Some lenders offer professional packages specifically designed for healthcare workers, including nurses. These packages can include interest rate discounts, reduced fees, and access to premium loan features such as offset accounts. Home loans for nurses structured through a professional package can result in substantial savings over the life of the loan.
Our Finance and Mortgage Brokers will identify whether you qualify and help you access these benefits as part of the loan selection process.
The Australian Government 5% Deposit Scheme allows eligible first home buyers, including nurses, to purchase a property with as little as a 5% deposit and no LMI. Eligible single parents and single legal guardians may be able to purchase with as little as a 2% deposit. From 1 October 2025, the scheme has been expanded with no income caps and no limits on available places, making it accessible to a much wider group of nursing professionals. This is one of the most significant opportunities available for nurses looking to buy their first home.
Explore the 5% deposit scheme for nurses for a full breakdown of how it works, or compare it with the Help to Buy Scheme, a separate shared equity program that cannot be used together with the 5% Deposit Scheme for the same purchase.
Nurse Loans provides access to 70+ banks and lenders and over 2,000 loan products across Australia. Our Finance and Mortgage Brokers have specialist knowledge of how shift income, overtime, and penalty rates are assessed by different lenders, which means we can position your application in the most accurate and favourable way. Whether you are buying your first home, refinancing, or investing, we handle the research, comparison, and application process on your behalf.
You focus on your patients while we focus on your loan.
Buying your first home as a nurse is a big step, but there are several pathways that may help you enter the property market sooner and with a smaller deposit. Our first home buyer loans for nurses bring together the government schemes, grants, and lender benefits you may be eligible for, so you can see how they fit together before you apply.
For many nurses, the starting point is the Australian Government 5% Deposit Scheme, which may allow eligible buyers to purchase with a 5% deposit and no Lenders Mortgage Insurance. From 1 October 2025, the scheme has no income caps and no limit on the number of places available. You can read a full breakdown on our 5% deposit scheme for nurses page.
Registered nurses and midwives may also be eligible for an LMI waiver with select lenders, which may allow a purchase with a 10% deposit and no LMI, with some lenders requiring a minimum income of $90,000. Enrolled nurses are generally not eligible for LMI waivers but may be able to avoid LMI through the 5% Deposit Scheme instead. Depending on your income, deposit, and lender, an LMI waiver may be a more suitable option than the 5% Deposit Scheme, and our brokers can help you compare how each option works within mortgage loans for nurses.
If you are buying or building a new home, you may also qualify for the First Home Owner Grant in your state or territory, along with stamp duty concessions that may reduce your upfront costs at settlement. Matching the right scheme with the right lender is one of the key ways mortgage loans for nurses can differ from a standard application.
First time buyer benefits that may be available include:
5% deposit via the Home Guarantee Scheme: Now known as the Australian Government 5% Deposit Scheme, it may allow eligible buyers to purchase with a 5% deposit and no LMI.
LMI waivers at Westpac, BankVic, and People First Bank: Eligible registered nurses, and registered midwives at some lenders, may be able to purchase with a 10% deposit and avoid LMI at these select lenders.
State grants up to $30,000 (QLD): The First Home Owner Grant may provide $30,000 in Queensland for eligible new homes valued up to $750,000, with amounts varying by state and territory.
Stamp duty concessions: Many states and territories offer concessions or exemptions for first home buyers purchasing below certain price thresholds.
Eligibility criteria, property price caps, and grant amounts can change over time. Speak with one of our brokers to understand which mortgage loans for nurses and first home buyer programs may suit your situation.
Home loans for nurses come in a range of structures to suit different financial goals and circumstances. The main options include fixed rate loans, variable rate loans, split loans combining both, loans with offset accounts, and interest-only loans. A fixed rate loan provides certainty over your repayments for a set period, while a variable rate loan offers flexibility and the ability to make additional repayments.
Interest-only loans for nurses can be useful for investors or those managing cash flow during particular life stages. Our brokers will walk you through the pros and cons of each structure based on your individual situation.
Your borrowing capacity as a nurse depends on your income structure, including base salary, overtime, allowances, and any other earnings. It is also influenced by your existing debts, living expenses, and the deposit you have available. Because many lenders treat nursing income differently, working with a specialist who focuses on nurse home loans can result in a higher assessed borrowing capacity than you might receive applying directly.
Use the calculator on this page to get an initial estimate, and speak with our team for a detailed assessment tailored to your situation. Contact us to speak with a specialist about your nurse home loan options today.
We start by understanding your income structure in detail, including base salary, shift loadings, overtime, penalty rates, salary packaging, and any agency or casual arrangements. This shapes every decision that follows, including which lenders we approach and how your application is presented.
Before we assess borrowing capacity, we confirm whether you qualify for an LMI waiver at one or more lenders, and whether government schemes such as the Australian Government 5% Deposit Scheme or the Help to Buy Scheme apply to your situation. This shapes your deposit strategy and can save you tens of thousands of dollars.
Using lenders who assess nursing income in full, we calculate how much you can borrow based on your actual income rather than a discounted version of it. We also factor in HECS debt, existing commitments, and living expenses so there are no surprises later.
We research and compare loans across our full lender panel, including fixed, variable, split, and offset products. We present you with the options that suit your goals and explain the trade-offs of each clearly.
We prepare your complete application, including payslips showing your shift income breakdown, employment contract, AHPRA registration confirmation, and all supporting documents. A strong application from the outset reduces back-and-forth with lenders and speeds up pre-approval.
Once you have found a property, we submit the formal application, manage all lender queries, and keep you updated throughout. We handle the process so you are not chasing emails between shifts.
We coordinate with your solicitor or conveyancer through to settlement. After settlement, we remain available for loan reviews, refinancing conversations, and future property plans. We check in regularly to ensure your loan continues to work as hard as your income does.
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Thea Edwards
Nick and the team were so lovely. Professional, genuine, responsive and easy to deal with. Would highly recommend.
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simon preshaw
Nick and the team were a pleasure to work with. They answered all of my questions and if they weren't immediately available, they were always quick to call me back.
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sarah ander
As a first home buyer, Carl and the team at Azura were incredibly helpful throughout the whole process. They made everything feel straightforward and were always there to answer any questions along the way. I’ve already recommended them to friends and would highly recommend them to anyone looking to get a mortgage!
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Alannah Paige
I am a first home buyer and had Carl as my mortgage broker. He worked diligently to follow up any issues or questions I had and made the process as smooth as it could. I highly recommend! Thank you Carl.
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Shaun Cunningham
As a founder, getting a mortgage requires a couple more hoops to jump through, which is why I couldn't recommend Nick O'Sullivan and the Azura team more highly. Not only were they able to offer a seamless process, but Nick was also patient with us as we changed our minds about when to buy (over a period of years!). The truth is anyone can approach a bank and get a mortgage, but when things don't go perfectly (e.g. abrupt government changes), that's when you want a pro on your team like Nick.
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Van Tran
Nick and the team at Azura Financial exceeded our expectations at every step. Their guidance was clear, their expertise was evident, and they handled every financial detail with care — giving us complete peace of mind throughout the process. We couldn't have asked for a better team by our side. Thank you very much, V&V.
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Philip Woods
Carl and team were absolutely impressive with their attentiveness to answering questions no matter how stupid they were. The urgency they put into attending to timelines and requests was superb. I would recommend them without hesitation.
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Nick was amazing to work with. He's easygoing, quick to reply, and genuinely a very competent broker. He made my loan possible and secured a great deal for me. Highly recommend:)
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Carina
Nick O’Sullivan helped me with my first investment property purchase last year. As it was my first time, I had plenty of questions, but he was always happy to help and made the whole process seamless. I recently used Nick again to refinance my loan and secure a great interest rate, and once again everything was handled smoothly and efficiently. I highly recommend Nick and his team and look forward to working with them again in the future.
The number of lenders offering nurse-specific benefits is smaller than many nurses expect. Westpac Group lenders, including Westpac, St George Bank, Bank of Melbourne and BankSA, may offer LMI waivers to registered nurses and registered midwives earning a minimum of $90,000 per year, at up to 90 percent LVR. BankVic may waive LMI for AHPRA-registered health practitioners, although this may be limited to properties in specified locations, and People First Bank may offer an Essential Services Package for registered nurses. Major banks including NAB and Commonwealth Bank do not currently offer a nurse LMI waiver, and other lenders' medico programs are generally limited to doctors and specialists. Lender policies can change, so your broker can confirm current options before you apply.
Nurses who qualify for a lender LMI waiver may be able to borrow up to 90 percent LVR, which means a minimum 10 percent deposit. Maximum loan amounts vary between lenders. Nurses who do not qualify for an LMI waiver may be able to access the Australian Government 5% Deposit Scheme, which from 1 October 2025 may allow eligible first home buyers to purchase with a 5 percent deposit and no LMI, with no income cap and no limit on available places.
Some lenders, including Westpac Group lenders, may assess 100 percent of overtime and allowances for eligible healthcare professionals, rather than discounting or excluding those components as is common under standard income assessment. This generally requires around six months of income history with the same employer. The practical effect is that a nurse whose income includes substantial shift allowances or overtime may qualify to borrow more than they would with a lender applying standard income shading. Conditions apply, and eligibility is subject to the lender's credit criteria at the time of application.
Whether a nurse pays LMI depends on the lender and whether all eligibility conditions for that lender's waiver are met. Registered nurses and registered midwives who hold current AHPRA registration and meet the lender's income requirements may qualify for an LMI waiver at up to 90 percent LVR. Nurses who do not meet those conditions, or who borrow through lenders that do not offer a nurse LMI waiver, will generally be charged LMI on loans above 80 percent LVR unless they use a government scheme such as the 5% Deposit Scheme.
Lenders that offer LMI waivers for nurses generally require evidence of current AHPRA registration with the application. In addition, lenders will typically ask for recent payslips showing base salary and any shift-based income components, an employment contract, bank statements, tax returns and standard identification documents. Where a nurse is applying under a policy that includes overtime and allowances, payslips that clearly show those components as separate line items may support more straightforward income verification.
Casual and part-time nurses may be able to obtain a home loan, depending on the lender's approach to non-standard employment income. Some lenders may accept six months of consistent hours, while others may require around 12 months in the same role. Westpac calculates casual income over 52 weeks for LMI waiver applicants. Where an LMI waiver has an income threshold, your total assessable income will generally need to meet that figure regardless of employment type.
Yes, subject to meeting lender eligibility conditions. Some lenders may allow their nurse LMI waiver to be used for investment purchases, while others restrict it to owner-occupied homes, so your broker can confirm which lenders may suit your plans. Standard investment lending criteria apply, including assessment of rental income, existing debts and the property's security value. You can learn more on our investment loans for nurses page.
Trustee for the O'Sullivan Family Trust ABN: 29 235 649 437, Credit Representative #482294 and is authorised under Australian Credit Licence 389328.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Names & Locations of users have been changed to protect their privacy and are illustrative only.
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