Can I get a home loan while on probation at work?

The answer is 'it depends' - We break down the factors and which ones are key and when

Many lenders are wary of borrowers still in the probationary periods of their jobs. After all, if you lose the job you also lose your ability to repay your home loan.

As a result, many lenders will ask you to wait until you’re through your probation period, or have been in the role for at least six months before you apply for a mortgage.

But there are some exceptions – and you may still be able to access a product with a mainstream lender if your application is strong enough.

If you’re an experienced professional

Generally when you apply for a home loan, you will need to provide details of your income, assets, and liabilities alongside your personal information.

So you may have your loan application approved while on probation if your financial position is particularly strong. For example you may have:

  • income from additional sources,
  • a strong asset portfolio,
  • few liabilities,
  • a strong credit score, and
  • high genuine savings.

Likewise if you have a stable employment history – experience gained over many years in a particular field – lenders are more likely to make an exception to their lending criteria and approve a Probation Home Loan.

Get started This is because it is likely you will keep your new job, and your experience is marketable. As a general rule, lenders prefer people who work in industries where there is ongoing demand for workers.

If you’re not a professional nor experienced

It’s not impossible to access a Probation Home Loan if you have a weaker financial position, work in a different industry, or if you are a first-time jobber.

However your choice of lender may be restricted, and this could mean a less competitive product is available to you until you complete your probation period.

Applying for a home loan while on probation

It’s worth remembering that probationary periods are useful for the employee as well as the employer. You too can terminate the contract at any point during the probationary period should the role or work environment not meet expectations. Therefore it’s important you’re sure of your work situation before taking on the risk of borrowing money.

When applying for a home loan, you’ll also need to meet all other lending criteria. For example, a bad credit record could prevent you from getting a probationary home loan, even if you earn a lot of money at your new job.

Therefore it’s important to pay off your debts, ensure your credit file is clean, and get your paperwork in order before applying for a mortgage.

What to do next:

Being on probation doesn’t mean you can’t access home loan products; you just need to find the right lenders. Make sure you follow these steps to prepare yourself for making your application:


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What a fantastic experience using UNO Home Loans. Mike Parsons and the team were exceptional. Such an easy, hassle free experience, cannot recommend them highly enough. Mike Parsons was in touch every step of the way, and with him doing all the leg work, the transition to a refinanced home loan was a very easy one. Thank you!
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We are truly grateful for uno home loans and our broker Karis Churchill. This is our second time purchasing a home with the help from Uno and both times have been a very positive experience. Our recent purchase had many obstacles due to different factors however it was our dream home and we were up for the challenge. Our broker Karis was a true support and went above and beyond. She communicated so well with our solicitor and the real estate agents. She kept us updated through every step and kept us motivated when things seemed impossible. Uno is very fortunate to have Karis as a broker and we would highly recommend her to anyone. Our family are so happy we are now in our new forever home. Thank you so much Karis and to the uno team!!!
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