Home loans · Healthcare
Home Loans for Nurses & Midwives
Nurses and midwives often earn more than their base salary suggests once you count shift penalties, overtime and allowances. The trick is finding a lender that counts all of it. That's where I come in.
If you're a nurse or midwife, your payslip probably tells a fuller story than your base rate. Night shifts, weekend penalties, overtime and various allowances can add up to a big chunk of your income. The problem is that lenders treat this shift and penalty income differently. Some count most of it, some discount it heavily, and that difference can move how much you can borrow by a lot.
Making your real income count
- Shift penalties and overtime can often be included, especially where it's regular and ongoing.
- Allowances may be assessable depending on the lender and how they show on your payslip.
- Casual and agency work can still get you a loan, though lenders usually want to see a track record.
- Public or private, permanent or part-time, each is viewed a little differently.
Why the lender choice matters so much
Two lenders can look at the same nurse's payslip and land on borrowing figures tens of thousands apart, purely on how they treat shift income. Picking the right one is a big part of my job.
First home or next step
Plenty of the nurses I help are first home buyers, so we also look at whether you qualify for government schemes that can get you in sooner. If that's you, start with my first home buyer support and check how much you can borrow.
Ready to see what you can really borrow?
Let's make every bit of your income count. Book a free call.
Frequently asked questions
Can I use my shift penalties and overtime for a home loan?
Often yes, particularly when it's regular. How much counts depends on the lender, which is exactly why I compare them for you rather than you taking the first answer from one bank.
Can I get a home loan as a casual or agency nurse?
Yes. Lenders usually want to see a consistent history of work, but casual and agency nurses get approved all the time. Book a call and we'll look at your situation.
Important information
This information is general in nature and does not take your personal objectives, financial situation, or needs into account. It is not credit assistance or a recommendation to enter into any particular credit contract. Consider whether it is right for you and seek advice before acting. Lending is subject to a lender's eligibility and approval criteria. Terms, conditions, fees, and charges apply.
Greenwood Finance · ABN 23 671 049 693 · Credit Representative No. 551942.
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