Interest
6.54%p.a.
Comparison*
Not available
Est. repayment
$3,174
LVR 70 to 80%
Home Loans for Nurses & Healthcare Workers, September 2026
Live rates from Health Professionals Bank and the profession-mutual lenders, ranked by comparison rate and rates as at 27 August 2026, plus how lenders treat shift allowances and casual nursing income. Compare against the wider market to see what's sharpest for you.
RBA cash rate 4.35%(effective 12 August 2026)·As at ·4,163 products·85+ Australian lenders
About these dates
Live rates updated 11 September 2026. Verified snapshot dated 27 August 2026 is used only for promoted 80% LVR claims, not as a second table date. Live figures change as lenders publish. The verified snapshot is the dated 80% LVR matrix used for promoted claims.
Can nurses get a better home loan deal in Australia?
Partly. Ratesniffers checked the lenders on 3 September 2026: nurses can join Health Professionals Bank, a member-owned bank founded in 2019 for healthcare workers, and Bank First waives lenders mortgage insurance to 90 percent of value for first home buyers in healthcare. How shift and allowance income is assessed usually matters more than either.
Sorted by comparison rate4 products shown
Interest
6.54%p.a.
Comparison*
Not available
Est. repayment
$3,174
LVR 70 to 80%
Interest
6.54%p.a.
Comparison*
Not available
Est. repayment
$3,174
LVR 70 to 80%
*Important Information and Comparison Rate Warning
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Home loans for nurses: what is actually different?
Two things, and neither is a separate nurse product. Health Professionals Bank prices as a member-owned bank for the healthcare sector rather than for shareholders, and Bank First waives lenders mortgage insurance for healthcare workers buying a first home. The third lever is not a product at all: how much of your shift penalties, overtime and allowances a lender counts as income.
That last one usually moves the number furthest. Two lenders can reach quite different borrowing figures from the same payslips, so model the range with the borrowing power calculator before shortlisting, then rank the shortlist by comparison rate.
Which lenders offer nurse home loans?
Four lenders in the Ratesniffers index are worth naming for healthcare workers. One is built for the sector, one runs an LMI waiver that reaches it, and two take health workers into membership without a nurse-specific product.
| Lender | What it offers nurses | Eligibility gate |
|---|---|---|
| Health Professionals Bank Source: hpbank.com.au | The healthcare brand of Teachers Mutual Bank Limited, founded in 2019 specifically for Australia's healthcare workers and running on the group's banking licence. Member-owned, so profit is reinvested rather than paid to external shareholders. No separate nurse product, the benefit is mutual pricing and sector-familiar service. | Healthcare workers and their families. Part of a group reporting around 280,000 members across healthcare, education and emergency services. |
| Bank First Source: bankfirst.com.au | An LMI waiver, not a rate discount. Bank First lifts the usual 80 percent limit to 90 percent of the property value for healthcare and education workers, so a 10 percent deposit can avoid lenders mortgage insurance. Its own note adds that loans above 80 percent carry a higher interest rate. | First home buyers only, owner occupied, employed in the healthcare or education sectors, and not eligible for any government scheme. Excludes refinancing with equity release, off the plan and construction. Postcode lending restrictions may apply. |
| BankVic Source: bankvic.com.au | Member-owned bank whose membership page names health workers alongside police, emergency services and government. No published nurse-specific rate or waiver, the benefit is mutual pricing and a lender used to public-sector rosters. | Police, emergency services, health and government workers. |
| QBANK Source: qbank.com.au | Queensland Health employees qualify for membership, and QBANK runs a first home buyer offer restricted to Queensland first responders and Queensland Health staff. No nurse-specific LMI waiver is published. | Queensland Health, Police, Fire, Ambulance and Corrective Services employees, plus Queensland-resident government employees and relatives of members. The first home buyer offer is limited to QPS, QFD, QAS, QCS and Queensland Health employees. |
Do nurses get LMI waivers?
One verified waiver reaches healthcare. Bank First lends to 90 percent of the property value with no lenders mortgage insurance where the applicant is a first home buyer, buying a home to live in, employed in healthcare or education, and not eligible for a government scheme. Loans above 80 percent price higher, and refinancing with equity release, off the plan and construction are excluded.
It is a waived premium, not a cheaper rate, so compare the total cost either way. The LMI calculator sizes the premium for your deposit, and low deposit home loans covers the routes above 80 percent open to every buyer, including first home buyer government support.
Nurse home loan FAQ
Which lenders offer home loans for nurses?
Health Professionals Bank, founded in 2019 as the healthcare brand of Teachers Mutual Bank Limited, is the one built specifically for the sector. Bank First runs an LMI waiver for healthcare workers, and BankVic and QBANK both take health workers into membership. Any mainstream lender will also lend to a nurse on ordinary terms, so compare by comparison rate.
Do nurses get LMI waivers?
One waiver in this index is verified. Bank First lends to 90 percent of the property value without lenders mortgage insurance where the applicant is a first home buyer, buying a home to live in, employed in healthcare or education, and not eligible for any government scheme. Refinancing with equity release, off the plan and construction are excluded, and loans above 80 percent price higher.
Will lenders count my shift allowances and overtime?
Generally yes, when they form a regular part of your nursing income. Lenders differ on how much they count: some take the full amount, others shade it, and the assessment period varies. A lender familiar with healthcare rosters tends to read the payslips more fully, which is often worth more to a nurse than a small difference in headline rate. Casual and agency nurses are usually asked to show a consistent income history instead.