Highly competitive
Low rates. No monthly or establishment fees. Fast approvals.
Flexible options
Repay, redraw, and loan offset to help you save. Ask us about low deposit options.
More help
Access government support for first home buyers, single parents and heaps of online resources.
One-on-one support
At home or work, by phone or video call. Or visit us in branch.
Home is where your start is
There’s a lot to take in when buying your first home – interest rates, repayments, pre-approval, stamp duty. And then you’ve got to find a home. It’s enough to stop anyone in their first home buying tracks. But don't worry - we have competitive home loans, a willingness to help, and a team of specialists to answer your questions.
And the good news is, first home buyers have been trusting us for more than 50 years. As WA’s largest customer-owned bank we have no external shareholders, which means our profits get invested back into the bank, your bank, for even better products and services.
Compare our home loans
Basic Variable Home Loan
A no frills home loan with no ongoing fees and a low variable interest rate.
- No ongoing monthly fees
- Extra payments allowed
- Redraw available
- 100% offset available
- Up to 95% LVR (including LMI)
Offset Variable Home Loan
A variable rate loan that provides flexibility to use your savings to reduce the interest you pay.
- No ongoing monthly fees
- Extra payments allowed
- Redraw available
- 100% offset available
- Up to 95% LVR (including LMI)
Fixed Rate Home Loan
Fix your mortgage payments from 1 to 5 years.
- No ongoing monthly fees
- Extra payments allowed
- Redraw available
- 100% offset available
- Up to 95% LVR (including LMI)
Just starting out? Here’s what to expect
Do your research
Start thinking about where you want to live. Look at property prices. Work out how much you can borrow.
Save your deposit
Try using mymo (our budgeting app) and a savings account or term deposit to fast-track your home loan deposit.
Speak to a lender
Talk to a home loan expert. On the phone or video chat. At your home, your workplace or at your local branch.
Apply for your loan
Time to get pre-approval so you can put an offer in. We’ll need your ID and info such as what you earn, owe, own and spend.
Get your approval
Don’t worry, our pre-approval process is fast. If we run into any issues or need to know more, we’ll get back to you, pronto.
Find your home
So, you’ve got pre-approval. Now to find your new home and negotiate a price. Our property reports can help.
Sign on the line
With your new home lined up, all you need to do is sign your home loan contracts. We can come to you, or you can pop into your local branch.
Start packing
Your home loan is finalised. Your home purchase is settled. You’re ready to move in. You made it. Congrats!
How much can you borrow?
What will your repayments be? What can you save by making extra payments? Crunch the numbers with our range of helpful calculators.
Borrowing power calculator
More calculators
Learn more about buying your first home
First home buyer checklist
Five ways to prove your borrowing ability
Here are some tips to help you demonstrate that you could be a good borrower, and also boost your confidence in your ability to repay debt.
How much do I need for a home loan deposit?
We've answered some of the common questions from first-time home buyers about deposits, LMI, LVR and using a guarantor.
We’re here to help
Drop us your details and a home loan specialist will get back to you.
Ready to apply?
Set up a phone, video or in-person appointment with one of our home loan specialists.
Talk to our friendly team
Got a question? Call us on 13 25 77 or pop into your nearest branch.
Put our home loan knowledge to the test
If you're looking at buying a home, you can apply for a home loan pre-approval to help give you peace of mind when you're ready to make an offer on a property.
Please contact us on 13 25 77 to speak with one of our home loan specialists, who can guide you through the process.
There are many things to consider when working out how much you can borrow including your income, regular expenses and any existing loans you need to make repayments on.
That’s where our home loan borrowing calculator comes in. Use the calculator to work out how much you can borrow, and what your repayments could be.
Lenders Mortgage Insurance (LMI) is a type of insurance that protects the bank if you as the borrower are unable to make your home loan repayments. LMI is usually required when a borrower has a deposit of less than 20% of the property's purchase price and doesn't have a guarantee or guarantor.
If you're purchasing your first home you may qualify for the First Home Owners Grant (FHOG), or First Home Owner Rate of Duty (FHOR) relevant in your state. Each state and territory independently governs first home owner applications.
To qualify for the WA FHOG you will need to:
- be 18 years or older,
- have at least one applicant be an Australia citizen or permanent resident,
- not have received any other FHOG grants or stamp duty exemptions anywhere in Australia,
- not have owned any residential property before, and
- reside in the property as your principal place of residence for a continuous period of at least six months, within 12 months of settlement or date of building completion.
To confirm your eligibility, please call us on 13 25 77 and speak with one of our experienced home loan specialists.
Applying for a home loan can seem daunting, but our home loan specialists make it easy and will walk you through the process.
We’ll ask for information about your income, your expenses and any assets that you own. We also need to know about any other loans, credit cards or other debts (e.g. pay day lenders) you may have.
You'll need to provide documents to support your application.
Get the ball rolling by calling 13 25 77 to speak with a with a home loan specialist today.
Important information
Banking and Credit products issued by Police & Nurses Limited (P&N Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms & conditions, fees & charges apply.
Please consider the terms and conditions and whether a product is right for you.
- View terms & conditions
- View fees and charges
- View credit guide
- Create a Home Loan Key Fact Sheet
- View LMI Information Fact Sheet
- View Target Market Determinations (TMDs)
*Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.