Home loans for shift workers, anywhere in Australia
Home loans when you work shifts
You earn the overtime. Whether a lender counts it is another story.
Lenders don't all treat overtime, penalty rates and allowances the same way. Some count most of it, some count part of it, and some want a longer history first. Pick the wrong one and your borrowing power can look a lot smaller than your payslips. Nurses, police, corrections, Navy, hospital and factory shifts: I work around your roster and take calls after your shift.
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- Calls after your shift
The part most people miss
Your base rate is what most banks start with. Everything on top of it is up for debate: overtime, penalties, shift allowances, higher duties. How a lender reads your recent payslips and your last tax return decides how much of that extra money counts.
Same person, same payslips, different lender, different answer.
The question I get most
I earn $140,000. Why does the bank say I earn less?
Because the bank isn't counting all of it. Here's what they leave out, and why another lender might not.
What I check first
- What's regular and what's a one-off. Overtime you do every fortnight reads very differently to one big month.
- How long you've been doing it. Some lenders want a longer history of overtime or allowances than others.
- What your tax return says. Lenders compare your payslips to your last tax return or income statement.
- Anything new. Higher duties, a pay rise, a new roster or a new employer can all change the picture.
The dumb questions
Shift workers ask me these
- Do my overtime and penalty rates even count?
- Does higher duties pay count for a home loan?
- Why did one bank say $850,000 and another say $900,000?
- What actually decides my borrowing power?
Got one that isn't here? Text it to me on 0415 138 842.
Before you apply anywhere
Every application leaves a mark on your credit file. Going bank to bank to see who says yes is the expensive way to find out. I check how the lenders would treat your income first, then we apply once, to the one that fits.
Pre-approval guide
What lenders check, how to get one, and how to keep it valid while you look.
Can not recommend Joe enough his work ethic to get the best results is unmatched and his ability to not only explain every step of the process but also keep it as simple as possible is amazing.
Scott J, Google review
Send me your last two payslips?
Not yet. Just tell me how you're paid and roughly what you earn. I'll tell you how the lenders would look at it.
Or call or text 0415 138 842. After your shift is fine.
General information only. Figures are illustrative and don't consider your personal situation. Eligibility rules and lender criteria apply.