On probation home loans are available although most banks that would rather prefer that your husband complete probation and have at least 6 months' track record in his current job.
Nonetheless, if your husband is a professional with a stable employment record in the same industry or line of work, then there are a few lenders who can help you even if he may have just started his job.
Before approving your loan, lenders usually assess the different factors related to your application such as:
- How long your husband has been in your current job
- How long your husband has been in the industry
- The risk of default in your husband’s industry (e.g. medicine is low-risk industry while building is a high risk one)
- Your husband’s employment status (full time, contract, on probation)
- Your husband’s income stability (overtime, bonuses, commission, etc.)
Our brokers are credit specialists who understand that employees on probation won’t be perceived favourably by some lenders. We work closely with lenders that can consider your mortgage application even if you have been in your new job.
You can enquire online or give us a call on 1300 889 743.
Cheers,