Home Loans for Nurses & Healthcare Workers, June 2026
Live rates from Health Professionals Bank and the profession-mutual lenders, ranked by comparison rate and refreshed daily — 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 6 May 2026)|Rates updated |1,301 products|85+ Australian lenders
Filters1
Your Way Plus Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
6.09%p.a.
Comparison*
6.13%p.a.
Monthly repayment
$3,027
LVR 70–80%
Firefighters Mutual Bank
Your Way Plus Interest Only Home Loan
Owner-occupierVariableInterest onlyOffsetRedrawExtra repayments
Interest
6.09%p.a.
Comparison*
6.13%p.a.
Monthly repayment
$3,027
LVR 70–80%
Health Professionals Bank
Your Way Plus Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
6.09%p.a.
Comparison*
6.13%p.a.
Monthly repayment
$3,027
LVR 70–80%
Your Way Plus Interest Only Home Loan
Owner-occupierVariableInterest onlyOffsetRedrawExtra repayments
Interest
6.09%p.a.
Comparison*
6.13%p.a.
Monthly repayment
$3,027
LVR 70–80%
*Important Information and Comparison Rate 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 & healthcare workers
Nurses, midwives and allied-health workers have a lender built for them: Health Professionals Bank is a customer-owned mutual that lends specifically to the healthcare sector, and because mutuals return profit to members rather than shareholders, their comparison rates often undercut the big four — the sharpest profession-mutual variable rate we're tracking today is 6.09%. Separately, some mainstream lenders waive Lenders Mortgage Insurance for certain health professionals at higher LVRs.
The bigger lever for many nurses is how income is assessed. Shift penalties, overtime and allowances are usually counted when they're regular — and a lender that understands healthcare rosters tends to be more generous, which lifts borrowing power. Casual and agency nurses can absolutely buy; lenders just want a consistent income history. Either way, compare the profession-mutual rate against the wider market by comparison rate, which is what the table above does.
Nurse home loan FAQ
Can nurses get special home loan rates?
Yes. Health Professionals Bank is a customer-owned mutual that lends specifically to nurses, midwives, allied-health and aged-care workers, and as a mutual it often prices below the big four. Some mainstream lenders also waive Lenders Mortgage Insurance for certain health professionals at higher LVRs. The smart move is to compare the health-mutual rate against the wider market.
Will lenders count my shift allowances and overtime?
Most lenders include shift penalties, overtime and allowances when they're a regular part of your nursing income — typically they'll average them over 6-12 months, and some shade them (e.g. count 80%). A lender familiar with healthcare rosters tends to assess this more generously, which can lift your borrowing power.
Can casual or agency nurses get a home loan?
Yes, though lenders usually want to see a consistent income history — commonly 6-12 months in the same line of work for casual or agency nursing. Permanent part-time and full-time nurses are assessed on base plus regular allowances. Documentation (payslips, employment letter, tax returns for agency work) matters more than the contract type itself.
Are health-mutual rates actually cheaper than the big banks?
Often, but not always — it depends on your deposit, the product and the rate cycle. Compare by the comparison rate (the statutory true-cost figure that folds in fees), not just the headline rate, which is what the table on this page does.