Home is where the heart is
To thank you for being the beating heart of Australia, we’re here to help you own your home sooner.
Lower deposit and flexible options - Westpac Backed
LMI waivers, improved borrowing power options, and more - see what benefits your profession could unlock.
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Don’t quite have 20% deposit?
Eligible healthcare professionals could buy a home with as little as 10% deposit, with options to help you save on Lenders Mortgage Insurance (LMI).[#]
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Your home loan experience
- Apply online and you could get conditional approval in one business day.
- Be supported by a dedicated home loan specialist, from application to settlement.
- Unlimited extra repayments on variable home loans with options to switch to fixed or split between variable and fixed with no switch fee.
- Up to $30k extra repayments on fixed home loans with no break cost[#].
How it works
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Assessing your income
- You can apply if you’re a registered nurse or midwife earning over $90k annually.
- Any casual income is calculated over 52 weeks (eligible for LMI waiver applicants, only).
- If you're a healthcare (e.g. hospital employed nurse or specialist), emergency services, core building trade or essential trade related professional, you could have 100% of your overtime and allowances assessed as income[#].
- Self-employed? If you're borrowing under your own name you may be able to apply for the same Westpac home loans, offers and rates as salary-earners. Maximum loan limits apply. Please speak with your home loan specialist for more information.
How to apply
Apply online in as little as 10-20 mins
- See how much you could borrow, hit submit, and you could get conditional or full approval within 1 business day.
- You’ll have a dedicated home loan specialist who’ll support you from application, through to settlement.
- Don’t worry, we’ll ask permission before a credit check is conducted.
- There is no obligation until you accept your loan offer.
Read more on how to apply online
Apply by phone or in-person:
- Book an appointment
- Call through the Westpac App (sign in, select ‘Contact us’ and proceed with next steps).
- Chat with a home loan specialist at your nearest branch.
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Which professions are also eligible?
Here are the eligible healthcare & emergency service professionals who can apply for our LMI waiver[1] with a maximum LVR [#] of 90-95%.
Minimum incomes
A $90k per year minimum income is needed for these professions (casual income’s calculated over 52 weeks), with a maximum LVR[#]of 90%:
- Audiologists
- Chiropractors
- Midwives
- Occupational Therapists
- Optometrists
- Osteopaths
- Pharmacists
- Physiotherapists
- Podiatrists
- Psychologists
- Radiographers
- Registered Nurses
- Sonographers
- Speech Pathologists
- Veterinary Practitioners
No minimum income needed for these professions, with a maximum LVR[4] of 95%:
- Dentist
- General Practitioners
- Hospital-employed Doctors (Intern, Resident, Registrar, Staff Specialist)
- Medical Specialists (as per the Medical Board of Australia)
Overtime and allowances inclusion
If you're an eligible healthcare, emergency service, core building, or essential trade related professional, you could have 100% of your overtime and allowances assessed as income[3]. Eligible applicants, include:
Eligible healthcare & emergency service professionals:
- Doctors
- Front-line Ambulance Officers and / or front-line Paramedics
- Front-line Fire Officers and / or front-line Fire Fighters
- Front-line Police Officers
- Medical Imaging Professionals
- Medical Specialists
- Midwives
- Nurses
- Occupational Therapists
- Pharmacists
- Physiotherapists
- Surgeons
- Veterinarians
Eligible core building & essential trade related professionals:
- Aircraft Maintenance Engineers
- Airconditioning and Refrigeration Mechanics
- Automotive Electricians
- Cabinet and Furniture Makers
- Carpenters and Joiners
- Electrical Distribution Trades Workers
- Electricians
- Glaziers
- Metal Fitters and Machinists
- Motor Mechanics
- Panel beaters
- Plumbers
- Surveyors and Spatial Scientists
- Vehicle Painters
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A home loan that changes with you
Choose from our full range of home loans.
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Options & features
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Flexibility
You can redraw any extra repayments you’ve made with no redraw fee[#], and you may be able to apply for:
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We're here to help
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Save time, apply online
Apply in around 10-20 mins to buy a home or refinance to Westpac.
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Start applying
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Talk with us
8am-8pm, Mon-Fri
9am-6pm, Sat-Sun (Sydney time)
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Book an appointment
Pick a time and place that suits you to talk to a home loan specialist.
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Book appointment
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Things you should know