Home Loans for Nurses.
23 Jul
Home Loans From 5.99% Variable
With A Low 6.01% Comparison*

Low Rate Home Loans for Nurses

Nurses enjoy a wide assortment of benefits when receiving mortgage loans. As a nurse, you’re able to borrow a higher amount because of your reduced likelihood of LMI. This is due to a higher confidence in your industry by lenders. These are perks that are not available to the general public.

You can also receive reduced interest rates based on your position. We’ll work with you to cater a package that meets or exceeds your expectations.

The goal of our nurse home loans is to provide you with the access to the best deals and industry-specific lenders. Our lenders offer hundreds of loan products with one point of contact.

One of the major benefits of home loans for nurses through Fox Finance Group is that your entire application can be done online. This saves you time on paperwork while also simplifying the application process.

A nurse and her partner receiving the keys to their new home.
A happy couple take a photo celebrating their Home Loan Pre-Approval.

Are you a nurse looking for a home loan? Speak to our mortgage brokers

Mortgage brokers are beneficial when obtaining a loan, particularly nurse home loans. They work closely with multiple lenders. Why is that important? Brokers can access deals and rates you might not know about. Using a broker can save you time, money, and stress.

They ensure all paperwork is in place and do their best to get you discounted rates. Mortgage broker services are free, as they are paid directly by the lender and not you. A good broker will always have your best interest in mind. They will empower you to be knowledgeable in the mortgage loan process while taking a step back and relaxing.

Mortgage brokers are strong negotiators. They help you receive a lower interest rate on your mortgage because the banks do not want to lose their business. Essentially, mortgage brokers will get you the best deal possible while explaining the home loan process for nurses.

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A husband and Wife celebrate with joy for their Home Loan Pre-Approval.

Ready to buy a home? Apply for pre-approval today

There are a huge number of home loans products and this can make finding the right home loan a very tricky task. Plus, as a home buyer you already have enough on your plate, so taking on the task of researching all the various home loan options and features can be very confusing.

If you’d like to know how much you qualify for, no problem, speak with us about setting up a home loan pre-approval so you know exactly how much your loan will be even before you commit to proceed. This is an obligation free service that we provide our customers.

* Terms and conditions apply. Subject to the lender’s own assessment and product policies. The Comparison Rate helps you work out the total cost of the loan (including fees and charges) and can also help you compare different loans. For further information on this and more, speak with one of our Lending Specialists today.

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Healthcare Home Loan Options

Reduced Interest Rates

Healthcare workers can receive discounts in variable and fixed interest rates, but the discount rate can change depending on your circumstances. More significant loan amounts usually get higher interest rate discounts. A healthcare home loan for future home owners just like you can greatly reduce interest rates while factoring in your credit score, total income, and asset position.

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Waived LMI

You are entitled to save thousands of dollars on LMI fees as a healthcare professional. LMI is typically applicable for home loans over 80 percent of the property value. However, healthcare workers can get LMI waived for up to a 95 percent loan-to-value ratio.

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95 Percent No LMI Home Loans

You can receive a waived LMI on a 95 percent home loan. To qualify, you must buy residential property and be a permanent Australian citizen or resident living and working in Australia. You must hold a university degree from Australia or overseas and be employed as a healthcare worker. A minimum credit score is required.

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Guarantor Loan and No Deposit Loan

You can borrow up to 105 percent of the buying price with a guarantor loan. Healthcare workers can borrow up to 100 percent of the loan amount if getting a no-deposit home loan, but it is subject to extensive approval.

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Non-Base Income Serviced at 100 Percent

The Emergency Service Credit Policy has an amendment that lifted the non-base income’s serviceability limit for all emergency service front line workers, including healthcare workers. The types of non-based incomes serviced at 100 percent include overtime compensations, shift allowances, industry-specific payments, penalty payments, and vehicle allowances. 

A large portion of income for healthcare workers includes shift allowance and overtime compensation. Therefore, getting them serviced at 100 percent rather than 80 percent can increase your borrowing power significantly. 

The general public usually does not have a serviceability limit, as their non-base income is serviced between 50 and 80 percent. It is important to note that certain non-base incomes are still assessed at 80 percent, like divided income, interest earnings, bonuses, pre-tax salary, and salary deductions of any kind.

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Some Handy Calculators

Calculate Your Borrowing Power
Calculate Your Borrowing Power

Work out how much you can borrow based on your income and expenses

Calculate Now
Refinance Calculator
Refinance Calculator

Discover how much you can save by refinancing or switching home loans

Calculate Now
Stamp Duty Calculator
Stamp Duty Calculator

All it takes is a few easy steps to find out your upfront costs

Calculate Now
Property Purchase Calculator
Property Purchase Calculator

Work out how much it could cost you to purchase a property

Calculate Now

5 Simple Steps To Getting Your Home Loan

  • 1. Enquire
    1. Enquire

    Fill out some basic details in our simple online form.

  • 2. Speak with an Expert
    2. Speak with an Expert

    Discuss your outlines and objectives with a Home Lending Specialist

  • 3. Choose Your Options
    3. Choose Your Options

    Run through the products you are eligible for. Compare and contrast what suits you best.

  • 4. Sign and Seal
    4. Sign and Seal

    Once satisfied with the approval after your Home Loan review, sign your documents online with our simplified process.

  • 5. Relax
    5. Relax

    Your current loan will be paid out, and your new loan will commence.

5 Simple Steps To Getting Your Home Loan

What Our Clients Say

Why Choose Fox Home Loans?

Questions about home loans for nurses?