Home Loans for Essential Workers in Perth

Shift penalties, overtime, allowances and contracts. Essential worker income rarely fits a bank's standard template, and how a lender reads your payslip can change your borrowing power by tens of thousands of dollars.

Launch Finance works with Perth nurses, midwives, teachers, police officers, paramedics, firefighters and public sector staff. We know which lenders recognise your income in full, and which offer deposit and Lenders Mortgage Insurance concessions for your role.

What's available to essential workers

• LMI waivers to 90% LVR for eligible roles, such as police and paramedics, through selected lenders
• Overtime and penalties counted. Most lenders accept 80% to 100% of regular variable income
• 5% Deposit Scheme. No LMI and no income test for first home buyers, $850,000 Perth cap
• Keystart. 2% deposit for eligible buyers on homes up to $860,000

How do lenders treat overtime and shift allowances?

Base salary in a permanent role is assessed at 100%. Overtime, penalties and allowances are usually accepted at between 80% and 100% once you have a consistent history, typically six to twelve months in the role. On a $100,000 package with $25,000 of overtime, one lender might count $20,000 of it and another all of it. Choosing the right lender is where borrowing power is won.

Can I get a home loan on a contract or casual roster?

Often, yes. Fixed-term teaching contracts, agency nursing and casual rosters are common, and several lenders will accept them with a consistent history in the same field, usually around twelve months. Policies differ on how the income is averaged, so we match your employment type to the lender whose policy fits.

What happens next

A 15-minute discovery call, booked around your roster. We review your payslips, compare how each lender reads your income, and confirm which schemes and waivers you qualify for.

Call 08 9367 4222 for a free, no-obligation chat. Or request a callback at a time that works for you.