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

Most lenders look at your employment history when considering your home loan application. They want to see that you earn a stable income and you’ve been in the same job for a while. This may make it hard to get a loan if you’re in your probationary period.


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.


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:

  • Read about how uno can help you get a loan
  • Figure out how much you need to borrow to buy your new home
  • Discuss your options with one of our mortgage advisers.

With Alexi Neocleous

It’s important to note that the information we give here is general in nature – no matter how helpful or relatable you find our articles. Even if it seems like we’re writing about you, it’s not personal or financial advice. That’s why you should always ask a professional before making any life-changing decisions.

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Alexi Neocleous

With over 20 years experience, Alexi has written extensively a wide cross section of financial topics. These topics range from financial planning, mortgages, property commentary and all points in between.

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