Many Nepali nurses believe they need a 20% deposit to buy a home in Australia. This is not always the case.
Quick Answer
Registered nurses and midwives in Australia earning a minimum of $90,000 a year ( combination of base + loading + allowances + overtime + salary sacrifice ) and needing to present AHPRA registration can apply for a home loan with only a 10% deposit ( borrow 90% of the home loan) and no Lenders Mortgage Insurance (LMI). This applies to both owner-occupied homes and investment properties through select lenders. For Nepali nurses working in Australian hospitals or in an aged care facility, this waiver is one of the most useful yet least known pathways into home ownership.
Most banks don’t understand shift work penalties or overtime continuity. We specialize in presenting nurse income to Australian lenders so you get approved for the highest amount possible.
| Nursing Role / Qualification | Minimum Income Requirement | Max Loan-to-Value Ratio (LVR) | LMI Waiver Eligible? |
|---|---|---|---|
| Registered Nurse (RN) | $90,000+ per year | 90% (10% deposit) | Yes (selected lenders) |
| Midwife | $90,000+ per year | 90% (10% deposit) | Yes (selected lenders) |
| Enrolled Nurse (EN) | No minimum | 80% (20% deposit) | No (standard rules apply) |
| Nurse Manager / Director | $90,000+ per year | 90% (10% deposit) | Yes (selected lenders) |
What Does a Nepali-Speaking Mortgage Broker Do?
A mortgage broker compares your situation against more than 50 banks and lenders, then matches you to the one whose policy best suits your income, visa status, and savings history. A broker who also speaks Nepali can explain every part of the process in your own language from how overtime is assessed to what documents a lender will require.
We know you work long night shifts at Westmead or Blacktown Hospital. You don’t have time for bank appointments. We handle the paperwork in Nepali so you can sleep.
Why Working With a Broker Who Speaks Your Language Matters
Buying a home involves dense paperwork, lender conditions, and compliance language that can challenge even confident English speakers. Being able to ask questions in Nepali and receive clear answers significantly reduces the risk of misunderstanding.
This is especially important for shift workers. Many Nepali nurses work rotating rosters and have limited availability during standard business hours. A broker who understands your roster, income structure, and background can efficiently advance the process.
Home Loan Options for Nepali Nurses in New South Wales
Sydney has one of the largest concentrations of Nepali healthcare workers in Australia, with strong representation across Westmead, Liverpool, Blacktown, and the South West growth corridor. Nepali nurses in New South Wales typically fall into one of the following categories:
First Home Buyers
Many Nepali nurses buying their first home in Sydney combine the nurse LMI waiver with the First Home Guarantee or state stamp duty concessions, further reducing their deposit and upfront costs.
Refinance
Nurses who purchased property a few years ago can refinance to access better rates or release equity for a second property as their income has grown over time and shift allowances.
Investment Properties
Some lenders extend the 10% deposit and no LMI policy to investment properties, which is highly useful for nurses building a long-term property portfolio.
Partner Visa Holders & PR Holders
Nepali nurses on partner visas or with Permanent Residency can access standard home loans, subject to lender policy. Once PR is granted, they are assessed similarly to Australian citizens.
First Home Guarantee
Eligible first home buyers can purchase with a 5% deposit and no LMI. This is a strong alternative for nurses who have not yet reached the $90,000 income threshold.
Family Home Guarantee
Eligible single parents or legal guardians can buy with a 2% deposit and no LMI.
Stamp Duty Concessions
New South Wales offers stamp duty exemptions or concessions for eligible first home buyers. Thresholds change periodically; always confirm current figures before signing a contract.
How Laxmi Home Loans Has Helped the Community
At Laxmi Home Loans, we have successfully assisted more than 200 registered nurses across Australia in securing their home loans. Many of these clients are Nepali nurses who have transitioned from skilled visas to permanent residency while building high incomes through hospital shifts, overtime, and penalty rates.
We regularly assist Nepali nurses across Sydney and other cities who initially believed a large deposit was mandatory. In one recent case, a registered nurse earning just under the threshold qualified for the no-LMI policy once overtime and shift allowances were fully recognised, saving approximately $18,000 on a Western Sydney purchase.
We have also supported Nepali nursing couples by matching them with lenders that properly recognise combined incomes including penalty rates and on-call payments.
Feature real stories.
From Two Jobs to One Home, Prakash’s Newcastle Story
Prakash had been a Registered Nurse for just over a year when he and his wife decided to buy their first home in Newcastle, with their three children in tow. Their situation was not simple. His year-to-date (YTD) income sat under 90,000 dollars, and his wife’s partner visa meant the family did not qualify for the federal 5 per cent deposit scheme.
So they changed their approach. Prakash took on a second role at a nursing home alongside his hospital job. His wife reduced her hours to manage the household. Over four months, their combined income rose above the $90,000 threshold their lender required.
With income now meeting the benchmark, the family secured a home loan with a 10 per cent deposit. Because Prakash qualified for a specialist healthcare professional loan package, they avoided paying Lenders Mortgage Insurance altogether, saving thousands upfront.
Four months of planning and adjustment ended with the keys to their first home.
This story shows that government schemes are not the only path into the market. The right loan structure and the right professional package can get you there too.
Are you a nurse, midwife, doctor, dentist, accountant or legal professional? Speak with our team to find out what options are available to you.
What Our Nepali Nurse Clients Say
Registered Nurse ( RN ) Mr M Tharu – Clarkson, Perth WA “Proactive and clear guidance. Thank you so much, Kishor dai and your team for helping us to secure our first home. You guided us where to move and where to stop to secure a great deal. You are not only a broker but also an expert in market knowledge, negotiation skills, and professionalism. Much appreciated by you and your team.” Source
Registered Nurse ( RN ) Ms P Sherpa – Butler, Perth WA “Great communication and made the process smooth. Professional, knowledgeable, and always available to answer our questions. Their guidance made the entire process smooth. Thank you, Kishor dai.” Source
Registered Nurse ( RN ) Mr. B Dawai – Dubbo, NSW “Our experience with Laxmi Home Loans was outstanding, with excellent communication. From purchasing the land to final settlement and even beyond, Kishor ji and Gopal ji were incredibly supportive, professional, and always ready to help whenever needed. Kishor ji’s friendly and highly communicative nature stood out — he was available almost 24/7 to answer questions and guide us through every stage. Their market knowledge, transparency, and problem-solving skills turned what felt overwhelming into a smooth and stress-free journey. We highly recommend Laxmi Home Loans, especially Kishor ji, to anyone looking to begin their home ownership journey in Australia with trust and confidence.” source
Are you a nurse, midwife, or healthcare professional looking to buy a home in Australia?
You could save up to $30,000 on Lenders Mortgage Insurance (LMI) through specialist healthcare home loan packages.
Normally, LMI is charged when you borrow more than 80% of a property’s value. However, eligible nurses, midwives, doctors, dentists, accountants, and legal professionals can borrow up to 90% of the property value with no LMI.
For example:
On a $1.1 million home loan, you could save approximately $30,000 compared to a standard loan.
On a $1.2 million property, your deposit could be just $120,000 instead of $240,000.
This means you can enter the property market sooner and with significantly lower upfront costs.
You care for others every day. Let Laxmi Home Loans take care of your home loan.
Speak with our multilingual mortgage specialists today to find out if you qualify.
Frequently Asked Questions
Next Steps
If you are a Nepali nurse or midwife working in an Australian hospital, the LMI waiver is worth exploring. Laxmi Home Loans has access to lenders offering a 10% deposit with no LMI for eligible registered nurses and midwives.
Speak with us in English, Nepali, or Hindi. Book a free consultation, and we will assess your eligibility across more than 50 banks and lenders at no cost to you.
Ready to talk through your options? Book a free consultation, and we will walk you through fixed, variable and split-rate options based on your numbers, not generic averages.
Disclaimer: This article is for general information only and does not consider your personal objectives, financial situation or needs. It is not financial advice. Lender policies, income thresholds and LVR limits vary and are subject to change. Speak with a qualified mortgage broker before making any borrowing decisions. Laxmi Home Loans is the trading name of Mero Chino Groups Pty Ltd, ABN 76 169 013 012, Credit Representative No. 476974 under Australian Credit Licence 383640.
