Nurses: You Could Save $10,000+ on Your Home Loan — But Only If You Know Where to Look
Most nurses don't know they qualify for LMI waivers. 3 out of 4 major lender groups will reject you — but the right one could save you thousands. We know exactly which one.
If any of these sound familiar, you're not alone — and you're closer to a solution than you think.
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"You went to your bank and they said nurses don't qualify."
Because YOUR bank probably doesn't accept nurses for LMI waivers. Three out of four major lender groups explicitly exclude nurses from their professional packages. But one lender group does — and we know exactly which one.
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"You assumed LMI is unavoidable with less than 20% deposit."
Not for nurses earning $90K or more. The right lender waives LMI completely — even at 90% LVR. That's up to $36,000+ back in your pocket instead of going to an insurance premium.
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"You've been told professional packages are only for doctors and lawyers."
That used to be true. One major lender group now includes registered nurses and midwives under their medico classification — but you'd never know without a specialist broker who tracks every lender's policy.
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"You're working overtime and penalty shifts but still feel behind."
Here's the good news: your penalty rates, overtime, and shift allowances CAN count toward the $90K income threshold. Many nurses qualify once these are included — even if their base salary is under $90K.
440,000+ registered nurses work in Australia — and most have no idea this benefit exists. Don't be one of them.
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Do You Qualify?
Check the criteria below. If you tick most of these boxes, you could save thousands on your next home loan.
Nurse LMI Waiver Eligibility Checklist
✓Registered Nurse (Division 1) or Midwife — with current professional registration
✓Current AHPRA registration — through the Nursing and Midwifery Board of Australia
✓Minimum $90,000 gross income — including penalty rates, overtime, and shift allowances
✓Primary income from nursing/midwifery — your main source of employment income
✓Purchasing or refinancing residential property — owner-occupied or investment
⚠️ Enrolled Nurses (Division 2) may have different eligibility criteria — contact us for a free assessment of your specific situation.
Use our calculator to estimate your borrowing capacity based on standard lender criteria.
This calculator estimates your borrowing capacity based on standard lender criteria. Your broker will confirm exact figures including your nurse LMI waiver eligibility.
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How Your Nursing Income Is Assessed
Good news — it's not just your base salary. Here's what counts toward the $90K income threshold.
What Counts Toward $90K?
✅ Base salary
✅ Regular penalty rates (weekends, nights, public holidays)
✅ Ongoing overtime (with regular pattern)
✅ Shift allowances
✅ Higher duties allowances (if ongoing)
⚠️ Casual loading (assessed at reduced rate)
❌ One-off overtime (typically excluded)
⚠️ Agency/temp income (may need 12+ months history)
💡 Real Example: "Sarah", Emergency Nurse
Base salary$72,000
Regular night shifts$8,400/year
Weekend penalties$11,200/year
Total assessable income$91,600
✅ Qualifies for LMI waiver!
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Real-Life Nurse Home Loan Scenarios
These scenarios illustrate how nurses just like you have saved thousands with the right broker.
Scenario 1
Priya — First Home Buyer
ICU Nurse, $96K incl. penalties
Property Price$650,000
Deposit$65,000 (10%)
LVR90%
LMI WAIVED — Saving
$8,500+
Priya went to 3 banks and was told nurses don't qualify. Her broker knew the ONE lender group that accepts nurses — and got her approved in days.
Scenario 2
Tom & Lisa — Upgrading
Both RNs, combined $185K
Property Price$950,000
Deposit$95,000 (10%)
LVR90%
LMI WAIVED — Saving
$18,000+
Both nurses, both qualify individually. Their broker structured the loan to maximise benefits — saving them almost $20K that went straight toward renovations.
Scenario 3
Emma — Refinancing
Midwife, $94K
Current Loan$520K at 6.2%
Property Value$680,000
New Rate5.79%
Annual Savings
$2,340/year
Emma refinanced to a nurse-eligible lender at a lower rate — with no LMI on the new loan. She saves $2,340 every year in interest alone.
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Which Nursing Roles Qualify?
If you hold Division 1 Registered Nurse or Midwife registration with AHPRA, your specialty qualifies.
🏥 ICU / Critical Care Nurse
🚑 Emergency Department Nurse
🔬 Operating Theatre Nurse
👶 Midwife / Maternal Health
🧠 Mental Health Nurse
🏘️ Community Health Nurse
👴 Aged Care (RN only)
🧒 Paediatric Nurse
🎗️ Oncology Nurse
🏥 Practice Nurse (GP clinic)
📋 Clinical Nurse Specialist
⚕️ Nurse Practitioner
📚 Nurse Educator
🔍 Research Nurse
All require Division 1 Registered Nurse registration with AHPRA (Nursing and Midwifery Board of Australia)
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How It Works — 3 Simple Steps
From first call to settlement, we make the nurse home loan process effortless.
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1. Contact Us & Share Your Details
We verify your AHPRA registration and assess your income — typically in minutes. We'll tell you on the spot if you're likely to qualify.
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2. We Find Your Best Option
We know exactly which lender accepts nurses. We compare rates, features, and structure the loan specifically for your goals — whether buying or refinancing.
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3. Decide With Zero Pressure
Get a clear recommendation with no obligation. Find out first, decide later. There's no fee, no catch, and no pressure to proceed.
Prefer to lock in a time? Choose a slot that works for you — we'll call you at the scheduled time to discuss your nurse home loan options.
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Still Deciding?
Ask yourself these questions honestly…
"Who genuinely has a shared interest in me getting the best possible nurse home loan deal — my bank, or an independent broker who gets paid the same regardless of which lender I choose?"
"Has my current bank ever called me to say 'Hey, we have a special deal for nurses'? If not… why would they start now?"
"If 3 out of 4 lender groups reject nurses, would I rather apply randomly and hope for the best — or have an expert who goes straight to the right one?"
We're not just another broker. We specialise in professional home loans — including for nurses.
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Compare 30+ Lenders
Access to the full market means we find the best rate AND the right nurse policy for you.
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Know Every Nurse Policy
We've researched every lender group's stance on nurses. No guesswork — just expert knowledge.
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100% Free Service
Our service costs you nothing. The lender pays our fee — and it doesn't affect your rate.
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We Come to You
We know nurses work rotating shifts. We meet you when and where it suits — in person, phone, or video.
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Bilingual Service
Fluent in English & Vietnamese. Complex financial terms explained clearly in your language.
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5.0 Google Rating
200+ five-star reviews from real clients. See why Australians trust Finance Hub with their biggest decisions.
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We Don't Disappear After Settlement
Your financial situation changes. Interest rates change. Lender policies change. We stay on top of it all so you don't have to.
Settlement Day
Congratulations! Your nurse home loan is settled with LMI waived. We celebrate with you.
3-Month Check-In
We call to make sure your repayments are comfortable and everything is running smoothly.
Annual Review
We proactively review your rate against the market. If there's a better deal, we'll let you know and handle the switch.
Life Changes
New baby? Promotion? Thinking about investing? We're always a phone call away to restructure your loan as your life evolves.
Ongoing — Forever
You're a Finance Hub client for life. We monitor rate changes, policy updates, and refinancing opportunities — automatically.
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Frequently Asked Questions
Everything nurses want to know about LMI waivers and professional home loans.
Most major lender groups designed their professional or medico packages for doctors, dentists, lawyers, and accountants. Nurses were historically excluded from these packages. Only one major lender group has expanded their medico classification to include registered nurses and midwives under a "Group B" category, recognising the stability and demand for nursing professionals in Australia. This means 3 out of 4 major lender groups will tell you nurses aren't eligible — which is why having a specialist broker who knows the full landscape is so valuable.
The lender group that accepts nurses requires a minimum gross income of $90,000 per year from nursing or midwifery. This can include your base salary plus regular penalty rates, ongoing overtime, shift allowances, and weekend loadings — so many nurses qualify even if their base salary alone is under $90K. We'll help you calculate your total assessable income during our free consultation.
Yes! Regular penalty rates (nights, weekends, public holidays), ongoing overtime with a consistent pattern, and shift allowances all count toward the $90,000 gross income threshold. This is great news for nurses who regularly work penalty shifts, as your total package often exceeds $90K even if your base salary is lower. One-off or irregular overtime is typically excluded, and casual loading may be assessed at a reduced rate.
The current lender policy specifically covers Registered Nurses (Division 1) and Midwives with AHPRA registration through the Nursing and Midwifery Board of Australia. Enrolled Nurses (Division 2) may have different eligibility criteria. We recommend contacting us for a free assessment of your specific situation, as policies can change and there may be alternative options available for you.
Agency and casual nurses may still qualify, but the income assessment can be more complex. Lenders typically want to see at least 12 months of consistent income history for agency or casual work. Your income may be assessed at a reduced rate compared to permanent staff. A specialist broker can help structure your application to present your income in the best possible light and advise whether you meet the threshold.
Yes, in most cases if one applicant is an eligible registered nurse or midwife meeting the $90K income threshold, the LMI waiver can still apply to the joint application. Your broker will structure the loan application to ensure the nurse-eligible applicant is positioned correctly. Contact us for specific advice on your situation — it's free and there's no obligation.
Yes! The lender group that accepts nurses offers LMI waivers for both owner-occupied and investment properties, both up to 90% LVR (Loan-to-Value Ratio). This means you can purchase an investment property with just a 10% deposit and pay no LMI — potentially saving thousands of dollars and making property investment more accessible.
You'll typically need: your current AHPRA registration certificate, recent payslips (showing penalty rates and allowances), an employer letter confirming your role and income, two forms of ID, bank statements (3-6 months), and evidence of your deposit or savings. If you're self-employed or agency, you may also need tax returns. Your broker will provide a complete personalised checklist.
Absolutely! Midwives are explicitly included alongside Registered Nurses in the eligible lender group's medico classification. You need current AHPRA registration through the Nursing and Midwifery Board of Australia and a minimum gross income of $90,000. The same LMI waiver benefits apply — up to 90% LVR for both owner-occupied and investment properties.
LMI savings depend on your property value, deposit size, and loan amount. Typical savings range from $6,000–$9,000 on a $500K property with 10% deposit, $9,000–$14,000 on a $700K property, $14,000–$20,000 on a $900K property, and $20,000–$36,000+ on a $1.2M property. These are significant savings that could go toward furnishing your new home, paying down your loan faster, or building your financial future. Contact us for an exact calculation based on your numbers.
Don't Leave $10,000+ on the Table
You've worked hard to get where you are. Let us make sure you get every benefit you're entitled to. One quick conversation could save you thousands.
