Mortgage Broker for Nurses
Why Nurse Loans is the Best Mortgage Broker for Nurses in Australia
Rated 5 from 84 Reviews
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Rated 5 from 84 Reviews
Nurse Loans works exclusively with nurses, midwives and healthcare professionals across Australia. The following is what sets us apart from a generalist broker and why nurses consistently rate us five stars.
Most brokers do not know which lenders waive LMI specifically for registered nurses, because most lenders do not advertise this publicly. Nurse Loans knows that Westpac, St George and Bank of Melbourne currently waive LMI for registered nurses borrowing up to 90% LVR, subject to a minimum income of $90,000 per year and a maximum loan amount of $5 million. People First Bank offers their Essential Services Professionals Package, also at up to 90% LVR with no minimum income threshold specified. BankVic offers LMI-free lending to eligible healthcare workers including nurses through their professional package.
Equally important is knowing which lenders do not offer these waivers. CBA, Bankwest and NAB all explicitly exclude nurses from their medical professional LMI waiver policies. Approaching these lenders without that knowledge costs you time, a credit enquiry, and potentially thousands of dollars in LMI that you never needed to pay. A nurse mortgage broker who knows this upfront will direct your application to the right lender from the start. You can read more on our no LMI loans for nurses page.
Nursing income rarely looks like a standard salary. Shift penalties, overtime, allowances and casual loading are a normal part of how nurses are paid, and how lenders assess this variable income has a direct impact on your borrowing capacity.
Some lenders will count 100% of overtime and shift allowances as assessable income for hospital-employed nurses. Others will apply a 20% discount or exclude it entirely, which can reduce your borrowing capacity significantly. Casual and agency nurses face further variation, with some lenders requiring 12 months of consistent employment history and others accepting six months.
As a specialist nurse mortgage broker, Nurse Loans understands how each lender on our panel treats nursing income. We match your income structure to the lender whose assessment method gives you the strongest outcome, and we know how to present your payslips and employment history in the way lenders need to see them.
Nurse Loans works across a panel of 70 or more banks and lenders, giving you access to more than 2,000 loan products. Rather than being limited to a single institution's offering, our brokers compare the market to find the home loan for nurses that aligns with your deposit, income structure, property type and goals. Whether you are purchasing your first home, refinancing an existing loan, or building an investment portfolio, access to a wide lender panel means your application goes to the lender most likely to approve it on the right terms.
Nurse Loans holds a five-star rating across 84 Google reviews. Our clients include registered nurses, midwives, nurse practitioners and allied health professionals from across Australia. The consistent feedback in our reviews reflects what nurses value most: a broker who communicates clearly, responds promptly, and understands the specific demands of working in healthcare. You can read what nurses say about working with us in the reviews section of this page.
A generalist broker works across every profession and property type, which means they are unlikely to know the handful of lenders that offer nurse-specific LMI waiver policies or the income thresholds that apply at each one. They may apply standard income discounting to your shift allowances and overtime, or exclude variable income altogether, reducing your borrowing capacity without you realising it. They may also submit your application to a lender that explicitly excludes nurses from LMI waiver eligibility, such as CBA, Bankwest or NAB, costing you a credit enquiry and potentially thousands of dollars in LMI that a specialist broker would have helped you avoid.
A nurse mortgage broker at Nurse Loans already knows which lenders waive LMI for registered nurses, what documentation they require, and how your income needs to be presented to qualify. We know which lenders count 100% of overtime and shift penalties for hospital-employed nurses, which lenders accept six months of casual employment history rather than twelve, and how AHPRA registration status affects your eligibility. We also understand which government schemes can be combined with nurse-specific lending policies to strengthen your position further. The result is an application that goes to the right lender, structured correctly from the start.
Nurse Loans works exclusively with nurses, midwives and healthcare professionals across Australia. The following is what sets us apart from a generalist broker and why nurses consistently rate us five stars.
Most brokers do not know which lenders waive LMI specifically for registered nurses, because most lenders do not advertise this publicly. Nurse Loans knows that Westpac, St George and Bank of Melbourne currently waive LMI for registered nurses borrowing up to 90% LVR, subject to a minimum income of $90,000 per year and a maximum loan amount of $5 million. People First Bank offers their Essential Services Professionals Package, also at up to 90% LVR with no minimum income threshold specified. BankVic offers LMI-free lending to eligible healthcare workers including nurses through their professional package.
Equally important is knowing which lenders do not offer these waivers. CBA, Bankwest and NAB all explicitly exclude nurses from their medical professional LMI waiver policies. Approaching these lenders without that knowledge costs you time, a credit enquiry, and potentially thousands of dollars in LMI that you never needed to pay. A nurse mortgage broker who knows this upfront will direct your application to the right lender from the start. You can read more on our no LMI loans for nurses page.
Nursing income rarely looks like a standard salary. Shift penalties, overtime, allowances and casual loading are a normal part of how nurses are paid, and how lenders assess this variable income has a direct impact on your borrowing capacity.
Some lenders will count 100% of overtime and shift allowances as assessable income for hospital-employed nurses. Others will apply a 20% discount or exclude it entirely, which can reduce your borrowing capacity significantly. Casual and agency nurses face further variation, with some lenders requiring 12 months of consistent employment history and others accepting six months.
As a specialist nurse mortgage broker, Nurse Loans understands how each lender on our panel treats nursing income. We match your income structure to the lender whose assessment method gives you the strongest outcome, and we know how to present your payslips and employment history in the way lenders need to see them.
Nurse Loans works across a panel of 70 or more banks and lenders, giving you access to more than 2,000 loan products. Rather than being limited to a single institution's offering, our brokers compare the market to find the home loan for nurses that aligns with your deposit, income structure, property type and goals. Whether you are purchasing your first home, refinancing an existing loan, or building an investment portfolio, access to a wide lender panel means your application goes to the lender most likely to approve it on the right terms.
Nurse Loans holds a five-star rating across 84 Google reviews. Our clients include registered nurses, midwives, nurse practitioners and allied health professionals from across Australia. The consistent feedback in our reviews reflects what nurses value most: a broker who communicates clearly, responds promptly, and understands the specific demands of working in healthcare. You can read what nurses say about working with us in the reviews section of this page.
A generalist broker works across every profession and property type, which means they are unlikely to know the handful of lenders that offer nurse-specific LMI waiver policies or the income thresholds that apply at each one. They may apply standard income discounting to your shift allowances and overtime, or exclude variable income altogether, reducing your borrowing capacity without you realising it. They may also submit your application to a lender that explicitly excludes nurses from LMI waiver eligibility, such as CBA, Bankwest or NAB, costing you a credit enquiry and potentially thousands of dollars in LMI that a specialist broker would have helped you avoid.
A nurse mortgage broker at Nurse Loans already knows which lenders waive LMI for registered nurses, what documentation they require, and how your income needs to be presented to qualify. We know which lenders count 100% of overtime and shift penalties for hospital-employed nurses, which lenders accept six months of casual employment history rather than twelve, and how AHPRA registration status affects your eligibility. We also understand which government schemes can be combined with nurse-specific lending policies to strengthen your position further. The result is an application that goes to the right lender, structured correctly from the start.
The process begins with a conversation about your property goals, whether you are purchasing a home, investing, refinancing, or exploring another loan type. Our Finance and Mortgage Brokers explain the overall loan application process, assess your financial position, and begin identifying suitable mortgage loan options for nurses from a wide panel of banks and lenders across Australia.
Your broker conducts a detailed review of your finances, including income, expenses, assets, liabilities and savings. For nurses, this includes assessing shift allowances, overtime and penalty rates to ensure your full income is captured. Your broker will also explain key terms such as loan-to-value ratio (LVR), lenders mortgage insurance (LMI), and any government schemes or professional discounts you may be eligible for as part of a nurse mortgage.
With a clear understanding of your financial situation, our Finance and Mortgage Brokers research and compare a range of mortgage loans for nurses. Options may include fixed or variable interest rate loans, products with offset accounts, or loans with flexible repayment features. Your broker will help you weigh the advantages of each option so you can choose the mortgage for nurses that aligns with your goals.
Securing loan pre-approval gives you a clear picture of your borrowing capacity and strengthens your position when making offers on property. Your broker prepares and submits the required documents, such as payslips, tax returns and bank statements, to the lender for assessment. Pre-approval is a valuable step for any nurse looking to move confidently in the property market.
Once you have selected your preferred mortgage loan for nurses, your broker completes and submits the formal application to the lender. They manage all required documentation, respond to lender queries, and keep you informed throughout the process to avoid unnecessary delays.
After your mortgage for nurses is formally approved, your broker reviews the loan agreement with you and confirms that all terms, including interest rate, fees and repayment schedule, are clear. They also assist with setting up your loan account and arranging any necessary insurance, such as mortgage or home loan protection.
At settlement, the lender advances the funds and ownership of the property transfers to you. Our brokers coordinate with your solicitor or conveyancer to ensure the process runs smoothly. After settlement, our Finance and Mortgage Brokers remain available for ongoing support, whether that involves managing repayments, exploring refinancing options, or assisting with future property plans.
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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.
VT
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.
めめん
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.
A mortgage broker for nurses understands the lending policies that apply to nursing professionals, rather than treating nursing income the same way a generalist broker might. The difference usually shows up in two areas. First, a nurse-focused broker knows which lenders may offer LMI waivers for nurses, what the income thresholds are at each lender, and how joint applications may be structured. Second, they know how to present shift allowances, overtime and penalty rates so lenders may accept them as stable income rather than discounting or excluding them. A generalist broker may submit your application to a familiar lender without knowing that a different lender could assess your income more favourably or waive an LMI premium that can run to $15,000 or more. Explore our home loans for nurses to see how this works in practice.
Several lenders may offer LMI waivers for nurses, each with different rules. Westpac Group lenders, including Westpac, St George Bank, Bank of Melbourne and BankSA, may waive LMI up to 90% LVR for registered nurses and registered midwives earning at least $90,000 per year. BankVic may waive LMI for AHPRA-registered health practitioners, although this may be limited to properties in specified locations. People First Bank may offer an Essential Services Package for registered nurses at up to 90% LVR, subject to a maximum loan amount. Major banks including NAB and Commonwealth Bank do not currently offer a nurse LMI waiver. Lender policies change, so your broker can confirm current options before you make any credit enquiries. Read more on our LMI waivers for nurses and no LMI loans for nurses pages.
Yes, and this is one of the main reasons nurses may benefit from working with a broker who understands the profession. Lenders do not all treat variable nursing income the same way. Some may assess 100% of your overtime and shift penalties, generally where you have been with the same employer for at least six months, while others may discount that income by 20% or more, or exclude it entirely, which could change your borrowing capacity by tens of thousands of dollars. Casual and agency nurses may also find that requirements vary, with some lenders accepting six months of consistent hours and others requiring around 12 months. Westpac, for example, calculates casual income over 52 weeks for LMI waiver applicants. If your income falls outside standard PAYG employment, you can also explore self-employed loans for nurses.
Look for a broker who works with nurses regularly rather than one who occasionally handles a healthcare application. A nurse-focused broker should already know which lenders may offer LMI waivers, how shift and overtime income is assessed across a wide lender panel, and how government schemes such as the 5% Deposit Scheme and Help to Buy may work alongside lender policies. When speaking with any broker, it may help to ask which lenders currently offer LMI waivers for registered nurses and what the income and property requirements are at each. Nurse Loans specialises in working with nurses and midwives across Australia, and you can book an online appointment at a time that suits your roster or learn more about us.
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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