Banks trust nursing incomes. Few nurses are told what that's worth.
10% deposit, no LMI
Lenders that class nurses and midwives as eligible health professionals waive LMI up to 90% LVR. That's years less saving, or tens of thousands kept in your pocket, on the same property.
Your real income, counted
Base salary is only part of a nurse's pay. The right lenders count overtime, penalty rates, shift allowances and agency shifts, some at 100%, which can move borrowing power by six figures.
No genuine savings test
Where the waiver applies, most lenders also drop the 5% genuine savings requirement. A family gift or a recent lump sum can go straight to work as deposit.
The checklist lenders actually use.
Policies differ between lenders, but the packages generally look for the points on the right. Verification is simple: your AHPRA registration, your degree, or your most recent tax return.
Buying with a partner who isn't a nurse is fine, and the property can even be in a spouse's name in some cases, as long as you're on the loan. We map your exact situation against each lender's list before anything is lodged.
Hear from our happy homeowners.
What nurses ask us.
Do nurses really get LMI waived?
Yes. Several lenders include registered nurses and midwives on their eligible health professional lists, which allows lending up to 90% of the property value with no Lenders Mortgage Insurance. On a $700,000 purchase that is routinely a saving of $10,000 to $20,000. Not every lender offers it, which is exactly why a broker who knows the lists matters.
What are the eligibility requirements?
Typically: current AHPRA registration as a registered nurse or midwife, Australian citizenship or permanent residency (some temporary visas case-by-case), and combined income from your nursing qualification of around $90,000 or more per year, which can include a second nursing income on the same application. Eligibility is confirmed with your registration, degree or most recent tax return.
Does my overtime and shift loading count?
At the right lenders, yes. Overtime, penalty rates, shift allowances and agency work can be counted, some lenders take 100% of it for essential services workers. This often lifts borrowing power dramatically compared to the lender who only counts your base.
Do I still need genuine savings?
Under these packages, usually not. Where the LMI waiver applies, most lenders drop the requirement to verify 5% genuine savings, so a gift, bonus or recent windfall can form part of your deposit.
I’m a casual or agency nurse. Can I still qualify?
Often, yes. Lenders generally want 3 to 6 months in your current casual role (some want 12), and agency income needs a consistent history. We match you to the lender whose casual-income policy fits your work pattern.
Find out what your registration is worth.
A free 30-minute call with Nathan: your eligibility, the lenders that count your whole income, and the LMI you won't be paying.
Eligibility criteria, income thresholds and maximum LVRs vary by lender and are subject to credit approval.