Yes, you can get a mortgage on probation!

If you’ve just started a new job, you have been told by your bank that you’ll have to wait until you’re no longer in a probation period before you can get a home loan.

Luckily, not all banks are the same!

Do you qualify for a home loan?

Probation 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  

How much can you borrow?

We can help you borrow up to 95% of the property value as long as you meet all other standard bank criteria including having a clear credit history.

If you’re borrowing over 90% of the property value, the lender may ask more questions or ask for additional supporting documents before issuing your approval.

If you believe that you may be unable to provide certain documents, call us on 1300 889 743 or fill in our free assessment form and our expert mortgage brokers will assist you in applying for a loan.

How can we help?

Our mortgage brokers are credit experts 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 job for just one day!

Call us on 1300 889 743 or complete our free assessment form for an assessment of your situation!

Apply for a home loan during probation period!

We only recommend that you apply for a home or investment loan while on probation if you believe that your employment is stable.

If you believe that your employer may terminate your employment during your trial period, then obviously it isn’t in your best interest to risk applying for a home loan.

Please complete our free assessment form or call us on 1300 889 743 to discuss your application.


Who is this loan for?

Professionals with a stable employment or study record in the same industry or line of work as their current job are eligible for a home loan.

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.

Who’s this loan not for?

Self employed and low doc borrowers will have difficulty borrowing money if they’ve just started a new business.

Low doc borrowers applying for less than 60% of the property value can still obtain a loan under certain circumstances.

Are government workers viewed favourably?

Some roles such as government jobs have a mandatory probation period which can only be waived if you’re moving between departments of the same level of government.

If you work in the public sector and are subject to a probationary period, please call us on 1300 889 743 or fill in our free assessment form.

We know the lending guidelines of all major banks and can help you get approval.

Are there professions that are favoured by lenders?

Major banks and other lenders prefer:

But what if you’re a blue collar worker?

In most cases, you can still qualify for a mortgage!

Call us on 1300 889 743 or complete our free assessment form for assistance with your application.

Which home loan types are available?

By dealing with us, you’ll have all loan types available to you, including professional packages, basic loans, lines of credit and fixed rates.

Will I have to pay a higher interest rate?

Professional package and basic loan discounts are available. In most cases, you’ll pay the same interest rate on your loan as somebody who has finished their probationary period.

In other words, the interest rate of your mortgage isn’t affected.

What can I use the mortgage for?

Home / renovation use, investing, purchases, refinances and construction are all acceptable loan purposes.

Some other loan purposes such as debt consolidation are acceptable on a case by case basis.

How long do I need to be in my job?

Whilst most lenders require that you be working in your job for 6 months or more, we know several other lenders that can assist even if you’ve been in your job for at least a month.

If you’re looking for a competitive loan package, fill in our free assessment form or contact us on 1300 889 743 to speak to a mortgage broker who can help you get approved!

What if I’ve only been employed in my current role for a day?

One of the banks we work with can accept people who have been in their employment for just one day!

If you haven’t yet started your new job then your loan may be approved subject to you providing an employment letter once you’ve completed your first day.

What do the lenders think?

From a bank’s point of view, lending money is a careful balance between risk and return.

Most lenders will look at borrowers on a probationary period and just see the additional risk that they might have their employment terminated at any time.

Other lenders know that if someone has a track record of experience in their line of work or has studied that particular field at university, they have a high chance of keeping that job or getting another job within their field.

Which lenders can help?

If you’re on probation at your job, it’s possible to get approval from a reputable lender with a competitive interest rate.

Our preference is always to help you get a mortgage from a major lender rather than a “lender of last resort.”

In most cases, we’d only need to apply with a specialist or a non-conforming lender if there’s another concern regarding your application.

Please enquire online or call us on 1300 889 743 to speak to a mortgage broker who specialises in finding home loans for people who are on probation.

You’ll be surprised to find out that most people qualify for a discounted interest rate or a professional package.

Probation info

What’s a probationary period?

This is a period of time that allows both the employer and employee to see how well you suit each other before committing to full-time employment.

During this time, both parties have the option of terminating the employment agreement.

Your contract will identify the notice period applicable in these circumstances.

Depending on the terms of employment and the sector you work in, this period may be 3, 6 or 12 months in duration.

What are the advantages and disadvantages?

A probationary period can be advantageous for those trying out a job in a new industry.

It allows you the time to decide whether the company and working environment suits your needs.

However, it also means the ball is in the employer’s court and they could terminate your role at any time.

Tips for people on probation

  • Check your employment contract: If you aren’t sure if your employment is subject to a period of probation, please refer to your Australian Workplace Agreement (AWA), contract of employment or call your Human Resources Department to confirm your employment status.
  • It’s common for almost all new jobs to have a 3 month or 6 month probation period, especially when you’ve made a career change to a new industry.
  • Get informed: While you’re in your trial period, you can expect your manager to closely monitor your work, how well you get on with your team members and if applicable, how you handle customers.
  • It may be a good idea to ask for a copy of your new employer’s HR policies to help you adjust to the culture at your new workplace.
  • F May

    Hi, I’m on a probation with an IT company at the moment and it’ll last for another 3 months. I was on a similiar role with my previous company, albeit smaller one in the same industry. Can I still get a home loan despite the probation?

  • Hi Theresa,

    Most lenders would only lend to people who have passed probation, but there are some lenders who would still lend to you while on probation. If presented the right way, the fact that you were working in the same industry does help to show stability, which will be considered positively by the lenders.

  • Falkiner

    It’s just been over a week since I joined a new job and surprisingly, the property I wanted to buy just came up for sale (wasn’t supposed to come up until 6 months)! Can I qualify for a home loan for this?

  • Hello Falkiner,

    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. However, 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 (will be assessed on a case by case basis). Do be sure to speak with a professional financial adviser or your accountant first before you make any hasty decisions. If you’re ready and would like to discuss this with one of our brokers, feel free to call us on 1300 889 743 or complete our free online assessment form:

  • Sandover

    I’ve worked 4 months and still have 2 more months of probation left. Since I’m working in my uncle’s business, he has only been proving me handwritten payslips and I know these can’t be used. I want to get a home loan asap and so I want to know if there’s any other way to prove my income.

  • Hey Sandover,

    Some alternative ways to verify your income are to provide at least one of the following:
    – Letter from your employer.
    – Group certificate for the most recent year.
    – Tax return.
    – Bank statements for the last three months which shows regular payments into your account (payments must be very consistent).

    All of the above can be used in lieu of payslips, however these are only accepted by a few lenders. You can check out the no payslips home loan page to find out more:

  • Frank

    I’ve changed jobs and now I’m on probation but the pay is much better. Can you help me get a home loan to buy in NSW?

  • Hi Frank,

    We only recommend that you apply for a home loan while on probation if you believe that your employment is stable. Our brokers will need to understand your personal situation and loan needs to details so please call 1300 889 743 to discuss your application.

  • Phil

    What if I’ve just recently left my normal PAYG job and started my own business? Can I still get a home loan?

  • Hey Phil,

    If you’ve been self employed for less than one year, then unfortunately there aren’t many options. Most banks won’t lend to you because you don’t yet have tax returns to prove your income and because new businesses have more financial uncertainty. One of our lenders can look at your income from your last job and take that as proof that you can afford the loan. On that basis we can help you borrow up to 80% of the property value.