We Help Australian Nurses Save Thousands on Their Home Loans
As you’re well aware, working in the healthcare industry can be tiring and stressful.
We can help take away the stress of finding the best possible home loan.
With access to over 50 lenders, our home loan solutions ensure you get the best possible terms, saving you thousands of dollars over the life of the loan.
If you’d like to learn more about how we can make homeownership more accessible and affordable for nurses in Australia, book a free initial consultation today!
Exclusive home loan offers available for Nurses
Waived Lenders Mortgage Insurance (LMI)
For nurses looking to buy their home with less upfront cost, we offer waived LMI on loans up to 90% of the property value.
This can translate into substantial savings, helping you secure your home sooner and with less financial strain.
Exclusive discounted interest rates
We have access to lenders who are willing to provide exclusive discounted interest rates to nurses due to your profession’s low risk of defaulting on loans.
These exclusive rates mean lower monthly payments and significant savings over the life of your loan.
Higher borrowing limits
We have a wide variety of lenders on our accredited panel which will accept 100% of your income as a nurse due to your classification as an essential worker.
This will help to increase your borrowing capacity as the lender will accept 100% of your overtime, allowances and bonuses.
In comparison, lenders will usually shade these incomes for non-essential workers.
Leveraging our negotiation expertise, we secure higher borrowing limits for nurses, offering greater flexibility whether you’re purchasing your dream home or investing in property.
This enables you to confidently explore a wider range of homes, knowing Stanford Financial is committed to obtaining the best possible terms for your loan.
Why Choose Stanford Financial?
Personalised finance solutions
At Stanford Financial, we specialise in crafting finance solutions that resonate with your individual financial circumstances and lifestyle needs.
By thoroughly assessing your financial profile, we ensure the home loan we recommend is the perfect fit for you.
Access to over 50 lenders
We have strong connections with a diverse network of more than 50 lenders, which means we can offer a wide range of home loan options.
This helps us secure the most competitive rates and favourable terms available, specifically suited to your unique needs.
You’ll have access to the best the market has to offer, all in one place.
Award-winning brokerage
Rooted in our founding principles of providing industry expertise, client education, and empowerment, Stanford Financial is dedicated to building trust, transparency, and enduring relationships.
Our commitment to our clients has been recognised with multiple industry accolades.
This includes notable finalist nominations and awards such as the prestigious 2022 NFAA Diversified Business and Newcomer Award.
Nationwide service
Wherever you are in Australia, Stanford Financial’s services are available to you.
Our nationwide reach ensures that every nurse has the opportunity to benefit from our expert home loan advice and support, no matter their location.
We bring our award-winning brokerage services directly to you, making the journey to homeownership as smooth and accessible as possible.
Book your free assessment today
Take the first step towards your dream home with our exclusive home loans for nurses.
We offer free initial consultations, providing you with personalised advice and insights to secure the best loan suited to your unique circumstances.
Let our award-winning mortgage brokers simplify your home loan journey.
Nurse Home Loan FAQs
Can nurses with varying levels of experience and income qualify for a home loan?
Yes, nurses with different levels of experience and income can qualify for a home loan. Lenders recognise the stability and reliability of nursing as a profession. New nurses may need to provide additional documentation to show job security and potential for income growth, while experienced nurses can leverage their stable income and employment history. At Stanford Financial, we offer tailored loan options that cater to the unique financial situations of nurses at all career stages.
How does shift work and overtime income affect a nurse’s home loan application?
Shift work and overtime income can positively impact a nurse’s home loan application, as they often increase the total income. Lenders will usually require proof of regular shift and overtime payments over a significant period, typically through pay slips and tax returns. It’s important to demonstrate that this additional income is consistent and reliable. At Stanford Financial, we understand the unique working conditions of nurses and will work with you to ensure that all aspects of your income are considered in your application.
What can nurses do to improve their chances of getting approved for a home loan?
Nurses can take several steps to improve their chances of getting approved for a home loan:
- Maintain a Good Credit Score: Ensure timely repayment of existing debts and avoid excessive borrowing to keep your credit score healthy.
- Save for a Larger Deposit: A larger deposit can lower the loan-to-value ratio (LVR) and make you a more attractive borrower.
- Provide Comprehensive Income Documentation: Submit thorough and accurate records of your income, including base salary, shift work, and overtime pay.
- Reduce Existing Debts: Pay down other debts to improve your debt-to-income ratio, making it easier for lenders to see your ability to manage new debt.
- Seek Professional Advice: Work with a mortgage broker who understands the financial nuances of nursing. They can guide you through the process and help find the best loan options for your situation.
Are there any specific eligibility criteria for nurses to qualify for these home loans?
Nurses must meet certain eligibility criteria to qualify for home loans, which can include:
- Employment Status: Full-time, part-time, and in some cases, casual or contract nursing positions may be considered.
- Income Verification: Proof of income through recent pay slips, tax returns, and possibly a letter from your employer confirming your employment status and income.
- Credit History: A good credit history is important, demonstrating your ability to manage debt responsibly.
- Professional Qualifications: Evidence of nursing qualifications and registration with relevant professional bodies may be required.
Stanford Financial understands the unique financial circumstances of nurses and works to provide loan options that accommodate these needs, ensuring a smoother path to home ownership.
