There are a few lenders who may be able to give you on probation home loans even if you have recently started a job. You can also calculate whether you can qualify for a mortgage or not here.
Please note that banks would rather prefer that you complete probation and have at least 6 months' track record in your current job.
If you're a professional with a stable employment in the same line of work or industry and even if you may have just started your job or already have one or two months in your job, as long as your situation “makes sense”, we can usually find a mortgage lender for you.
Some lenders may offer professional packages and basic loan discounts. In most cases, you may pay the same interest rate on your loan as somebody who has finished their probationary period. You may be able to enjoy certain features such as:
- Interest only loan
- Fixed interest rate
- Line of credit
- 100% offset account
- Redraw and extra payment facilities
We could provide you alternatives if we could know your past employment history and the amount of savings you have with you.
Cheers,