Home Loans for Midwives

Midwifery income can combine a base salary, shift penalties, overtime and on-call allowances. Brampton Finance helps midwives compare home loans by reviewing how lenders treat those payments alongside your deposit, expenses and existing commitments.

We assist with first home purchases, moving, refinancing and investment loans, whether you work in a public hospital, private maternity service, an agency or private practice.

Can midwives qualify for an LMI waiver?

Eligible registered midwives may qualify for a lender’s LMI waiver at up to 90% LVR, with minimum annual income of $90,000. Other conditions apply.

We check registration, accepted income components, property requirements and the current policy before relying on this benefit. A waiver does not guarantee approval or remove purchase costs. LMI protects the lender rather than you; compare the rate, fees and features as well as any insurance saving.

See our professional home loan guide for an overview of professional lending benefits.

Shift penalties, overtime and allowances

Bring recent payslips showing the breakdown of your earnings and year-to-date income. Where required, an employment contract, payroll summary or longer pay history can help explain regular shifts and variable payments.

Lenders do not all accept the same proportion of overtime and allowances. We distinguish an established pattern from occasional additional shifts and check how the lender assesses it. Increasing your hours shortly before applying may not establish the history required.

Agency work and multiple employers

If you combine a permanent hospital position with agency shifts, provide details for each role. The length of employment, consistency of hours and whether the work is PAYG or contracting affect the evidence required.

Casual work and fixed-term contracts need a policy review; they do not automatically prevent an application. Tell us about any recent role change, employment gap or probation so we can assess suitable options early.

Private practice and parental leave

Self-employed midwives may need tax returns, financial statements and supporting business records. Gross billings are different from the income available after expenses. Our self-employed lending guide explains the broader documentation considerations.

If you are taking parental leave or returning to work, we review current and expected hours, the return-to-work evidence and your household budget. Acceptance of return-to-work income depends on the lender. We discuss repayments during leave as well as after your return.

Plan your purchase or refinance

For a first home, we review the deposit and buying costs before an application. See our first home buyer guide. For an existing loan, refinancing may involve a new valuation, discharge fees and a fresh affordability assessment.

For an investment property, rent and existing debts form part of the assessment. We can explain repayment choices and offset features, while your accountant advises on tax matters.

Discuss a home loan for midwives

Have your registration, employment details, payslips, deposit or equity and proposed loan amount ready. We will identify the documents needed and review suitable lenders. Approval and any professional benefits remain subject to current lender policy and credit assessment.

Contact Brampton Finance or call 02 9389 1077. Browse related home loans for nurses or return to all professional home loans.