The Greater Brisbane property market remains competitive, with rising demand in outer suburbs as buyers look for value beyond the city core. 

In Logan, this shift is apparent. Affordable prices, growing infrastructure, and family-friendly suburbs make it a standout for those looking to settle down without stretching their budget. 

For nurses working long hours, owning a home close to work and within a supportive community isn’t just appealing; it’s practical. That’s where nurses' home loans come in, offering lower deposit requirements, reduced fees, and added flexibility. 

For those looking to buy, these tailored options can turn homeownership from a goal into a reality. In this guide, we’ll break down how home loans for nurses work, who qualifies, what lenders look for, and how to apply with confidence.

Nurse, Ready to Own Your First Home? Let our Logan mortgage brokers at Cube Loans guide you every step of the way. Call 1800 774 756 or visit www.cubeloans.com.au today for a free consultation.

What are Home Loans for Nurses?

Home loans for nurses are specialised mortgage products designed specifically for registered nurses, midwives, and other healthcare professionals. While they function similarly to standard home loans, they often come with added benefits that reflect the stability and essential nature of nursing work. 

Compared to standard home loans, nurses' home loans may offer lower interest rates, reduced fees, and more flexible deposit requirements, making it easier and more affordable for nurses to buy a home, especially in high-demand markets like Brisbane and Logan.

Key Features of Nurses' Home Loans:

• Lower minimum deposit (sometimes as low as 5%)
  
  
• No Lenders Mortgage Insurance (LMI) for eligible applicants
  
  
• Discounted interest rates through professional packages
  
  
• Flexible income assessment (may include overtime and shift penalties)
  
  
• Streamlined approval process with healthcare-specific lenders
  
  
• Access to first home buyer grants and government schemes

These features can make a real difference in affordability and long-term savings for nurses planning to enter the property market.

Tailored Home Loans for Nurses. We Make It Simple. Cube Loans’ expert Logan mortgage brokers understand healthcare shifts, income structures, and time pressures. Start now at www.cubeloans.com.au or call 1800 774 756 for a free chat.

Eligibility Criteria for Nurses’ Home Loan

Not every nurse automatically qualifies for nurses’ home loans, but many do without realising it. If you're employed in healthcare and meet a few key conditions, you could be eligible.

Eligibility criteria may include:

• Must be a registered nurse, midwife, or enrolled nurse
  
  
• Current employment in a public or private healthcare facility
  
  
• Proof of registration with AHPRA (Australian Health Practitioner Regulation Agency)
  
  
• Membership with a recognised professional body (e.g. ANMF, QNMU, or other state nursing unions)
  
  
• Minimum income and employment stability requirements set by the lender
  
  
• Good credit history and ability to service the loan

Some lenders may also accept other allied health professionals under similar terms, so it’s worth checking if your role qualifies.

Home Loan Options Available for Nurses

With numerous loan types available on the market, it can be challenging to determine which one best suits your needs. A mortgage broker with experience in nurses’ home loans can help compare options and match you with a lender that recognises your profession.

Variable Rate Loan

The interest rate fluctuates with the market, which can result in lower repayments when rates decrease. Offers flexibility to make extra repayments without penalties.

Fixed Rate Loan

Locks in your interest rate for a set period (usually 1–5 years). This provides predictable repayments and protection from interest rate hikes.

Split Loan

Combines fixed and variable portions into one loan. You get rate stability on part of your loan and flexibility on the other.

Low Deposit Loan with LMI Waiver

Allows eligible nurses to borrow up to 90–95% without paying Lenders Mortgage Insurance. This reduces upfront costs significantly.

First Home Owner Grant (QLD)

A one-off payment of $30,000 (as of July 2025) for eligible first-time buyers purchasing a new home in Queensland. Must meet income and property value caps.

First Home Guarantee Scheme

Let eligible first home buyers purchase with as little as 5% deposit, with the government acting as guarantor. Nurses often qualify due to their essential worker status.

Low Deposit? No Worries. Nurse Home Loans Start Here. Our Logan mortgage brokers know how to access loans with 5% deposit and no LMI for nurses. Call 1800 774 756 or go to www.cubeloans.com.au to learn more.

How to Apply for Nurses’ Home Loan

Applying for a nurse’s home loan doesn’t have to be complicated when you know what to expect. Taking it step by step can make the process smoother and more efficient.

Here’s what you can do: 

1. Consult a Mortgage Broker

A mortgage broker, such as Cube Loans, familiar with nurses’ loans can identify lenders offering the best rates, benefits, and LMI waivers. They’ll also help you understand your borrowing power based on your income and role.

2. Gather Your Documents

You’ll need payslips, bank statements, AHPRA registration, ID, and proof of savings. If you're a member of a nursing union, please include that as well. It can help with eligibility.

3. Submit Your Application

The broker will lodge your application with the most suitable lender. They’ll ensure it’s tailored to highlight your profession’s advantages.

4. Get Pre-Approval

If the lender is satisfied with your application, you’ll receive pre-approval. This gives you a clear budget to house hunt and usually lasts 3–6 months.

5. Find a Property and Make an Offer

Once you’ve found the right home, your broker and agent will help with the offer process. You’ll need to provide the contract of sale to the lender.

6. Final Loan Approval

After the property is valued and all documents checked, your loan is formally approved. You’ll receive an official loan contract to sign.

7. Pay Upfront Costs and Fees

Be ready to cover legal fees, stamp duty (if applicable), and any remaining deposit. Some fees may be reduced or waived under nurses’ home loan programs.

8. Settlement Day

The lender transfers funds, and the property becomes legally yours. Your solicitor or conveyancer will confirm everything is finalised.

Throughout the process, your broker serves as your primary point of contact, saving you time, avoiding mistakes, and often negotiating more favourable terms.

You Care for Others. Let Us Take Care of Your Home Loan. Cube Loans' Logan mortgage brokers specialise in helping nurses buy sooner and save more with tailored loan options. Get started now at www.cubeloans.com.au or call 1800 774 756 to book a free consultation.

Frequently Asked Questions (FAQs)

Do nurses get discounts on home loans?

Yes, many lenders offer nurses reduced fees, waived LMI, and competitive interest rates.

Can a nurse get a home loan with 5% deposit in Australia?

Yes, especially if eligible for schemes like the First Home Guarantee, which allows low-deposit loans without LMI.

Can you get a home loan on Centrelink benefits?

It’s possible, but approval depends on the type and amount of benefits, and whether you have additional income.

How much income do I need for a $500,000 mortgage in Australia?

A household income of roughly $90,000–$100,000 is needed, depending on expenses and debts. A broker can give you an accurate figure.

How much can a nurse borrow for a home loan?

Nurses can typically borrow 4 to 6 times their annual income, depending on their credit, debt, and living expenses.

Will lenders consider my overtime income?

Yes, most lenders will include regular overtime and penalty rates, especially for nurses, if they’re consistent.

Do banks offer nurse home loan discounts?

Some banks offer exclusive nurse packages with lower rates, fee waivers, or LMI discounts.

Could nurses apply for a home loan on a part-time or casual schedule?

Yes, but you may need a consistent income history (usually 6–12 months) to show stability.

How much deposit do nurses need for a home loan?

As little as 5% with the right loan and LMI waiver, though 10–20% is standard without special offers.

Can student nurses or new grads get home loan approval?

New grads can qualify if employed, but student nurses usually need a guarantor or extra income to be approved.

Final Thoughts

Buying a home as a nurse doesn’t have to be out of reach. Nurses have access to tailored home loan options, reduced upfront costs, and lenders who recognise the value of their profession. 

This puts them in a strong position to enter the property market, particularly in affordable, growing areas such as Logan and Greater Brisbane. Whether you’re a new grad, part-time worker, or seasoned RN, understanding what's available through home loans for nurses can open real doors. 



Ready to take the next step? Here at Cube Loans, we’re based in Logan and cover Greater Brisbane. Speak with our mortgage brokers today by calling 1800 774 756 or visit www.cubeloans.com.au to book a free consultation.