New Job Home Loan: Getting A Mortgage With A New Job

Money bag
How much can I borrow?

Question mark
Will I get approved?

  • You must have started your new job before your loan can be approved (some exceptions apply).
  • Lenders like to see that you have a track record of employment in the same line of work/industry (some exceptions can be made).
  • You’ll need to be in a strong financial position.
  • You must have a clear credit file (some exceptions can be made).
View more

What interest rates are available?

Competitive rates available. Please contact us to find out how we can help you.

Lenders available:

Bank and non-bank lenders available. Contact us to learn more.

Phone call
Discover if you qualify:

We can help you buy or refinance property anywhere in Australia.

Some banks don’t have a problem with new jobs!

Many people decide to buy their first home or investment property once they have found a stable job with a good income.

Unfortunately, many banks won’t lend to people who’ve only been employed for a short period of time.

Just started a new job?
Talk to our experts to get a free assessment.

Can I get a home loan if I have just started a new job?

Banks are generally reluctant to lend to people who’ve been working less than 6 months.

  • Most banks require you to be in your current position for a minimum of 6 months to 12 months to borrow 80% of the property value.
  • One of our lenders can allow you to borrow up to 95% of the value of the property, even if you’ve just started a new job.

Please fill in our free assessment form or contact us on 1300 889 743 to speak to a specialist mortgage broker who can help you get approved.

New Job Home Loan Calculator

Job details

How long have you been in your job?
Was your previous job in the same line of work?
What % of the property value are you borrowing (LVR)?
Do you have 5% in genuine savings?

Contact a mortgage broker

Talk to one of our mortgage brokers about your situation: Yes No  

Which lenders can help?

Not all lenders require that you to be in your job for more than a year. In fact, many lenders understand that younger generations are in high demand, are highly skilled and are career opportunists that actively change jobs to seek a higher salary or better working conditions.

To find out which lenders can help to you, please call us on 1300 889 743 or free assessment form today.

Only been in your job for 1 month?

Some banks recognise that despite a short employment history, many individuals are in a strong financial position and have industry experience.

Our best lender for people in new jobs can approve home loans for people who have been in their job at least one day on a case by case basis. They have no problem with people who have been in their new job for 1 month, 3 months, 6 months or more.

How much can I borrow?

You can borrow up to 90% of the value of the property that you’re buying. If you’re in a strong financial position then a 95% loan may be available. Discounted professional packages, basic loans and lines of credit are also available.

What if I’m changing jobs?

Many of our customers call us because they’re in the process of leaving their current employer and starting a new position elsewhere. In most cases, they have extensive experience in their industry and are moving jobs to take advantage of a better offer or have been head-hunted by a recruitment agent.

It’s best if you contact us prior to leaving your old job as we can then let you know how this will affect your ability to borrow money.

For most people we can find a lender that will help, however if you’re changing to a new industry or a completely different role (e.g. a police officer becoming a bank teller) then this will reduce your chances of getting an approval.

What do the banks think?

Most lenders won’t generally approve a loan for you while you’re in the process of switching to a new employer. However there are a few major lenders with competitive interest rates that can consider approving your home loan before you have commenced your new role.

The view of these lenders is that if you have stability with your prior employers then it’s likely that you’re moving to a new employer to take advantage of a better salary or working conditions.

If lenders believe that you were fired from your old job or were let go during your probationary period for your last job then they’re unlikely to approve your mortgage application.

How can I get approval?

Depending on the lender, they may require you to commence the new job prior to issuing your formal loan approval. In other cases, if your income from your existing job is sufficient to repay the loan, they can approve your loan on that basis.

To discuss your situation with a specialist mortgage broker, contact us on 1300 889 743 or free assessment form today!

Why are most lenders so conservative?

Many lenders are very risk averse and are concerned that if you’ve not been in your job for very long then you have a higher chance of leaving your job or your employment being terminated during your probation period.

Apply for a home loan today!

Here at Home Loan Experts, our mortgage brokers have extensive knowledge of the guidelines used by Australian lenders.

Please complete our free assessment form or call us on 1300 889 743 to discuss your situation with a mortgage broker who will help you find a lender that can accept your short term employment.

Why use us?

We aim to set an example by delivering what we promise: a higher level of service, better advice and better home loans.


Australia-wide services

We finance properties anywhere in Australia for people anywhere in the world.


Get incredible interest rates

Our relationships with our panel of lenders allow us to negotiate your interest rate.


We get tough loans approved

We can help you navigate the often complex pre-approval and application process.


Our customers love us

We receive hundreds of love letters from our customers.

Discover more reasons to use Home Loan Experts

How we find you the right solution

We get a complete understanding of where you’re at and what your ultimate goals are.
You’ll get a recommendation in just a few simple steps.

free assessment

Complete our free assessment form or call us.


We assess your situation.


We look at all the options from our panel of lenders.

suitable home loan deals

We will find you the most suitable home loan deals.

Testimonials for Home loan experts

about us


lenders on
our panel


lent Australia-wide
and counting

Common Wealth
St George
Pepper Money
Me Bank

of our borrowers get
approved with a major bank


of our borrowers get a discount
below the bank standard variable rate