Health Professionals Bank Home Loan Review 2026

Checked 19 October 2026. These are new-business rates effective 8 October 2026 for owner-occupied variable loans with principal and interest repayments. LVR is the loan as a percentage of the property value.

Your Way investor variable principal and interest is 6.49% p.a. up to 80% LVR (comparison rate 6.56%). Your Way owner-occupied 1-year fixed principal and interest is 6.49% p.a. (comparison rate 6.29%). The fixed rate ends after 1 year and then reverts to the applicable variable rate.

Comparison rates use a $150k secured loan over 25 years. They are only for these examples and may exclude some costs. Different loan amounts, terms or fees can change the comparison rate. Rates can change, so we confirm your rate before you apply.

Health Professionals Bank (HPB) is one of the specialist brands operated by Teachers Mutual Bank Limited. The brands share home-loan products and core lending rules, but serve different communities.

You can join Health Professionals Bank if you're an Australian citizen or permanent resident and work or have retired from Australia's health sector. You can also qualify if you're studying or have graduated in healthcare at an Australian university, or if an immediate family member is already a Health Professionals Bank member.

See Health Professionals Bank's membership rules. You still need to qualify for the home loan after joining the bank.

Depending on your connection, you may also want to read Teachers Mutual Bank, UniBank or Firefighters Mutual Bank. We'll check which brand you can join, then compare its loan with other lenders.

The bank does not use the same income rule for everyone in healthcare. Its publicly linked July 2026 lending guide names registered, enrolled and mental health nurses, registered midwives, ambulance officers and intensive-care ambulance paramedics. Their regular casual pay, overtime and shift allowances can count in full after 3 months.

Medical practitioners also have a 100% pathway for regular overtime and shift allowances evidenced over 3 months. Allied health and other roles can need a longer history or have only part of their extra pay counted. If you salary package through a hospital or health charity, lenders add the packaged amount back in different ways. Our nurse salary packaging guide compares them.

Send us your payslips and roster. Our overtime income guide explains why counting more of your pay can change your borrowing options.

No. Working in healthcare or being a member does not give you a professional lenders mortgage insurance waiver at Health Professionals Bank. A standard loan above 80% of the property value will usually involve LMI.

You may avoid LMI through an eligible government scheme or a suitable family guarantee. Those are different arrangements with their own rules and risks.

See our LMI waiver guide if your occupation may qualify with another lender.

Health Professionals Bank requires the minimum 5% contribution, or 2% for the eligible single-parent stream, to be held or built up by you for at least 3 months. A family gift or money from selling an asset does not replace that minimum contribution under the lender's scheme rules.

This is a lender rule, not a general rule across every participating bank. If your deposit is mostly gifted, we check another scheme lender before you make an offer.

Read our 5% Deposit Scheme guide, guarantor loan guide and deposit calculator to compare your deposit options.

Health Professionals Bank can lend to eligible self-employed members, but the usual route needs 2 full years of personal and business tax returns. There is no 1-year or alternative-document home loan.

The bank may add back depreciation and some one-off expenses when working out your income. If your latest profit has fallen sharply, you may be able to borrow less or the bank may decline the application.

If your company pays you a regular salary, the public guide allows a simpler verification route in some cases. It needs at least 6 months of salary and 2 years of trading, without relying on other business income to afford the loan. An accountant must confirm the business can meet its commitments and keep paying that salary.

Our self-employed home-loan guide explains the different document options lenders may accept.

For a standard LMI loan, evidence of genuine savings is generally required when borrowing above 90% of the property value. The stricter 3-month savings rule discussed above applies to the 5% Deposit Scheme.

Your income, property, location and mortgage insurer's limits can mean you need a bigger deposit.

Buying your first home? Registered and enrolled nurses, registered midwives, ambulance officers and intensive-care ambulance paramedics are among the roles eligible for a Your Way Plus package-fee waiver. That removes the $300 annual fee while you qualify. Working in healthcare alone does not qualify every occupation for this benefit. This is a package-fee saving, not a professional LMI waiver.

Allow separately for government charges, any LMI and non-standard legal costs. A fixed-rate break cost depends on your loan and when you leave or change it.

With a Your Way Plus fixed loan, you can make up to $10k in extra repayments each anniversary year without a break cost. The basic Your Way fixed loan does not have that allowance. Paying out or changing a fixed loan early can still trigger a break cost.

Compare the rate, fees and how much you expect to keep in offset. Our offset account guide explains how to work out the interest saving.

Send us the address and contract details before making an unconditional offer so we can check whether the bank will lend on the property.

We'll check that you can join, work out which income and savings records you need, and check the property before preparing your application.

Before you make an offer, we'll explain what your conditional approval covers, what the bank still needs and whether your government-scheme place is reserved. The valuation and remaining checks can affect the final loan amount.

Read our home-loan pre-approval guide before treating an approval as your final buying budget.

On an $800k home, a 5% deposit is $40k and a 10% deposit is $80k, before buying costs. If you qualify for HPB's Scheme loan, it may let you buy with less cash. If you're outside the Scheme rules but qualify for a professional waiver, Westpac may still let you buy without LMI. Working in healthcare alone does not qualify you for every waiver.

You can also compare NAB and ANZ, or browse all our lender reviews.

A lender may pay us commission when we arrange your loan. We disclose how we're paid before you proceed and explain why the loan suits you.

We must put your interests first and will tell you if another lender is a better fit. This review is general information, not a recommendation.

Our mortgage brokers in Brisbane can compare Health Professionals Bank with other lenders using your payslips, deposit and property details.

For allied health, compare our physiotherapist home loan guide and radiographer home loan guide before choosing a scheme loan. Your profession could qualify for an LMI waiver elsewhere.