Home Loans For Nurses With No LMI, Special Rates & Cash Back Offers!
We are specialist mortgage brokers for medical professionals, helping nurses get the best deal on their home loans
- Low deposit to buy a home
- Special rates as low as 4.99%
- No LMI for Registered Nurses
- Get up to $3,000 cash back
How Do I Qualify?
There is only 1 condition you need to meet to qualify for exclusive nurse rates and cash back offers:
- You are currently employed as a Registered Nurse
Why go to a bank when you can go to mortgage brokers who specialises in home loans for nurses? We help you find the best deal on the market whether you are a first home buyer or a seasoned investor.
Looking to Buy or Refinance? Get a Free Assessment
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Why Choose Us For Your Home Loan​
Expertise in Nursing and Healthcare Professions
Zenith specialises in assisting nurses. We understand that the demands of the nursing profession go far beyond typical office hours. Nurses often work long shifts, including nights, weekends, and public holidays, which can make it more difficult to secure a home loan. Our team is familiar with the nuances of these working arrangements, and we ensure that lenders properly take this into account during the application process.
Understanding Shift Work and Irregular Hours
Shift work and irregular hours are a part of daily life for nurses, and this can affect your home loan application in different ways. Many lenders struggle with accepting income from shift work, and it can impact loan approval. We know how to demonstrate the reliability and stability of your income, even if your schedule is unpredictable. Whether you’re full-time, part-time, or casual, we ensure that your work pattern is properly presented to lenders so it doesn’t hinder your application.
Income from Allowances and Overtime
Nurses often earn additional income through allowances (such as meal or travel allowances) and overtime. While some lenders may not consider these forms of income when calculating your borrowing power, our mortgage brokers are well-versed in how these earnings are treated. We’ll help you present these additional income sources in a way that maximises your borrowing capacity.
Access to Exclusive Nurse Deals
We work with a range of lenders who offer exclusive LMI waivers, higher borrowing limits, and discounted interest rates for nurses. We will help you find the right deal for your circumstances.
Ongoing Support Forever
We proactively review your home loan every 6 months, to ensure you are always on the most competitive rate! All this happens in the background, with no action required from you. You’ll have peace of mind knowing your home loans are cared for as if they were our own.
Our Proven Process
Discovery
We discuss your situation, the goals you're wanting to achieve, and assess how we're able to help you.
Assessment
We review your documents, research solutions, and present the best options to you. Once you agree to proceed, we prepare your loan application.
Lodgement
We lodge your loan application and monitor its progress. Once approved, we assist with reviewing and signing your loan contracts.
Support
Once your loan has settled, you join the Zenith family! We provide ongoing support and review your loan to match your changing needs.
What Other Nurses Say About Us
First Home Buyer? We’ll Help Finance Your Home
With over 1000+ loans approved and with access to over 50 different lenders, our brokers can help you pick the best home loan to maximise your options. From choosing the lender that works with you or leverages government incentives and tax concessions, you can make well-informed decisions when financing your first home purchase. We are here to guide you and hold your hand throughout the entire process.
How Much Deposit Do I Need?
Traditionally most banks require a minimum of 20% deposit for you to avoid the need to pay Lenders Mortgage Insurance (LMI). As a first home buyer you may be able to put down as little as 2-5% deposit and avoid paying LMI by utilising home guarantee schemes.
In addition, you can further reduce the amount of funds required for your first home purchase through various state specific schemes and grants. Your eligibility depends on the property location, property price and type of property, so it is important to speak to one of our mortgage brokers to understand what schemes may be applicable to you.
First Home Guarantee (FHBG)
The First Home Guarantee is a government-backed initiative designed to help eligible first-time homebuyers step onto the property ladder with ease. The FHBG allows you to secure your first home with just a 5% deposit, without the added cost of LMI. This means you can buy sooner and with less upfront deposit.
Family Home Guarantee (FHG)
The Family Home Guarantee is designed to assist single parents with at least one dependent child in buying a home with a deposit as low as just 2%. Available for both new and existing homes across Australia, the scheme makes homeownership more accessible for those who need it most.
Regional Home Guarantee (RFHBG)
The Regional Home Guarantee is an initiative aimed at making homeownership more accessible in regional areas. It allows eligible buyers to purchase a new or existing home in regional locations with just a 5% deposit. This scheme is open to both first home buyers and those who have previously owned a property but are currently without one.
Stamp Duty Exemptions
Stamp duty, also known as transfer duty, is a one-time tax applied when you purchase a property.
The amount of stamp duty depends on the property’s value. Each state in Australia have their own stamp duty concessions and eligibility requirements.
First Home Super Saver Scheme (FHSSS)
The First Home Super Saver Scheme allows you to withdraw voluntary contributions from your superannuation to use for your home deposit, provided you meet the eligibility criteria. You can apply to release up to $15,000 from one financial year, with a maximum of $50,000 across all years.
- Top-Rated Mortgage Brokers in Australia
- High Approval Rate over 1000+ loans
- Direct access to 50+ banks & lenders
Schedule a consultation with one of our home loan experts
Lenders Mortgage Insurance is required by lenders when a borrower provides a deposit of less than 20% of the property’s value.Â
- Purpose: LMI protects the lender if the borrower defaults on the loan and the sale of the property doesn’t cover the outstanding loan balance.
- When Required: This insurance is usually mandated when the loan amount exceeds 80% of the property’s value.
- Cost: The cost of LMI varies depending on the loan amount, property value, and deposit size. It can be paid as a lump sum at settlement or added to the loan amount, increasing the total interest paid.
- Benefits: LMI allows borrowers to purchase a property sooner by lowering the deposit requirement.
Essential documents that you need to prepare when applying for a home loan include:
- Identification (licence, passport and Medicare etc.)
- Latest credit card and bank statements
- Latest two (2) consecutive payslips for PAYG applicants
- Latest statement of assets and/or liabilities
- Income tax returns for the last 2 years (for self-employed individuals)
- Notice of Assessment & Financial Statements (self-employed individuals)
Lenders will assess your financial position to ensure that you can comfortably manage the loan repayments. Every lender’s formula for calculating borrowing power may be slightly different. Usually, they’ll take the following into consideration:
- Your income, which can include bonuses, commissions and overtime
- The number of dependents in your family
- The secured and unsecured debts you hold (e.g. credit cards, personal loans or car loans)
- Your living expenses.
As a first home buyer, there are several key things you should know to make the process smoother and more successful:
- Budgeting: Understand your financial situation and set a realistic budget. This includes your income, expenses, and savings.
- Government Incentives: Research available grants and incentives for first home buyers, such as the First Home Guarantee and stamp duty concessions.
- Loan Pre-Approval: Getting pre-approved for a home loan can give you a clear idea of your borrowing capacity and show sellers that you are a serious buyer.
- Credit Score: Maintain a good credit score by making repayments on time. This can improve your chances of loan approval.
- Research: Familiarise yourself with the local property market, including property prices, trends, and areas of interest. Contact us to obtain a free property report.
- Professional Advice: Consider seeking advice from a mortgage broker, financial advisor, or real estate agent to guide you through the process.
- Property Inspection: Always have a professional inspection done on the property to identify any potential issues.
- Legal and Financial Checks: Ensure all legal and financial checks are completed before finalising the purchase.
We can get you in touch with our trusted accountants, financial advisors, conveyancers and building inspectors.
Zenith is the #1 mortgage broker for nurses and first home buyers in Australia. We are a team of mortgage brokers with decades of lending experience. We love learning about your ambitions and goals and are passionate about arranging the finances to help you make them a reality.
We are here to simplify the whole mortgage process for you. We do all the heavy lifting to match you with the right mortgage solutions. If finance is not quite possible for you yet, we will be upfront and honest, providing you with tailored advice to help set you on the right track.
Some of Our Lenders
Nurse Case Studies
Client Profile:
A registered nurse with 5 years of experience, working in a Sydney public hospital earning $105,000 annually. Her income included base pay, weekend shift penalties, and consistent overtime.
The Challenge:
She was told by her bank that she could only borrow $540,000, which wouldn’t be enough to buy in her desired area. The bank had excluded all her overtime and allowances, despite them being a regular part of her income.
Our Strategy:
- Used a 6-month income history to prove consistent overtime, shift loading, and nurse-specific allowances
- Built a comprehensive case with employment letters, payslips, and bank statements to validate income stability
The Result:
- Boosted her borrowing capacity to $645,000 by getting 100% of her income counted
- Pre-approved within 5 business days
- Accessed a sharp interest rate and lender cashback, putting money back in her pocket
Conclusion:
She secured the home she wanted with confidence. Our deep understanding of nursing income and lender policies made all the difference. When it comes to helping nurses buy property, we know how to get it done.
Client Profile:
A senior registered nurse and single mother working in a regional hospital. Her income consisted of a $92,000 base salary, night shift allowances, and on-call weekend overtime.
The Challenge:
She was declined by her bank because they only counted her base salary and treated her regional loading and on-call pay as inconsistent. She also had a HECS debt and wanted to purchase closer to family.
Our Strategy:
- Submitted a breakdown of her pay structure with payslips and a letter from payroll confirming expected overtime
- Recommended splitting the loan into interest only and principal & interest to improve cash flow as a single-income borrower
The Result:
- Anita was approved for a $760,000 loan with no LMI and all income counted
- Achieved the purchase in her preferred suburb, 15 minutes from family support
- Maintained strong monthly cash flow with a flexible loan structure
Conclusion:
Nursing income is often misunderstood by lenders, but not by us. We know exactly which lenders to approach, how to present the income properly, and how to structure a deal that works in the real world.
The Zenith Difference
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| Proactively reprice your interest rate multiple times per year |  |
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| Access to over 50 different lenders | |
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| Access to over 1000 different loan products | |
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| Liaise with solicitors to manage settlement | |
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| Free detailed property reports to assist with property purchases | |
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| 100+ 5-star Google reviews | |
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| Services are free of charge | |
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| Advice on how to save on interest costs and pay down loans earlier | |
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| Manage the whole loan application process from start to end | |
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| Available 7 days a week, Australia-wide | |
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| Have priority status with banks for quicker outcomes | |
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| Calculations of required funds for purchases | |
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| Highly experienced team providing expert guidance and advice | |
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Frequently Asked Questions
Partnering with a mortgage broker like Zenith can significantly streamline your home loan journey. We provide expert advice on loan products carefully tailored to your unique financial situation. By handling the legwork, comparing multiple options, managing paperwork, and negotiating better terms, we save you valuable time and help identify potential hidden fees. As we are not tied to any single lender, we can select the best loan for your needs, ensuring you secure the most suitable deal. Additionally, we proactively review your interest rate multiple times per year to ensure you remain on the most competitive rate available, maximising your savings and giving you long-term peace of mind.
Our services are provided at no cost to you. We receive compensation directly from the lender you choose once your loan is settled, ensuring that you can explore your options without incurring any upfront fees.
Each lender has unique criteria and requirements that must be met before they approve a loan. Our team takes the time to thoroughly analyse your credit history, income situation, and the specific strengths and weaknesses of your financial circumstances. This allows us to match you with the most suitable lender and loan package tailored to your needs. Our experienced professionals will provide you with comprehensive information, ensuring you have everything necessary to make an informed decision.
To begin, we’ll work closely with you to understand your goals and objectives. We’ll then gather and review all necessary supporting documents to ensure we have a comprehensive understanding of your situation. Once we have sufficient information to make a personalised recommendation, the next step will depend on the chosen lender’s processing timeline. This can vary from several weeks to a few months, which is why we strongly advise initiating the process as early as possible, especially when it comes to property purchases, where timing can be crucial.
You may not always qualify for financing from a specific bank. After assessing your unique situation, we’ll work to find you the lowest possible interest rate from eligible lenders. While interest rates are important, they’re just one piece of the puzzle. We’ll also help you consider all other fees and features associated with each loan option, ensuring you have a complete understanding of your choices and can make an informed decision that best suits your needs.
Typically, lenders require a minimum deposit of 5% of the property’s purchase price to secure a home loan. However, in some cases, it may be possible to proceed with a lower deposit. Keep in mind that if your deposit is less than 20% of the property’s price, you may need to pay Lenders Mortgage Insurance (LMI), unless you qualify for an LMI waiver or apply for a family guarantee. Contact us to explore your options and determine the best approach for your situation.
We have successfully helped thousands of nurses