As a police officer, you’ve committed to protecting our community, and thankfully, lenders are recognising that. From North Sydney to the Northern Beaches, there are banks and credit unions offering tailored home loans for police officers in North Shore Sydney, often with lower rates, reduced fees and more flexible lending criteria.

In 2025, property prices in Northern Sydney remain high. According to Domain’s House Price Report Q2 2025, median house prices in the region range from $1.85 million in Forestville to over $2.6 million in Mosman. That makes it more important than ever to structure your loan strategically, especially if you’re working within a stable but fixed income like a police salary.

Let’s break down what’s available, how it works, and how to make the most of your benefits.

Why Do Police Officers Get Special Home Loan Options?

Your profession is considered low-risk by lenders.

Why? Because police officers typically:

• Have a stable income with little job insecurity
• Are often eligible for government employee benefits
• Show strong credit behaviour due to steady repayment capacity
• May receive additional income from shift allowances and overtime

Because of this, some lenders have specific home loan products designed just for emergency service workers - including police officers, firefighters, and paramedics.

What Are the Key Benefits of Home Loans for Police Officers?

When applying for home loans for police officers in North Shore Sydney, here are some of the standout advantages you may be able to access:

• No Lenders Mortgage Insurance (LMI) with as little as 10% deposit
• Discounted interest rates on variable and fixed home loans
• Flexible loan assessments that include overtime and shift work
• Access to specialist lenders with fast-tracked approvals
• Fee waivers on application or settlement fees

For example, if you’re buying a $1.5 million home with a 10% deposit, not paying LMI could save you around $20,000–$30,000 upfront.

Which Loan Types Should You Consider?

The right loan structure will depend on your stage of life, financial goals, and whether you're buying your first home, upgrading, or investing.

1. Variable Rate Loans

Flexible repayments with potential for rate drops and offset account options.

2. Fixed Rate Loans

Great for budgeting, especially in a rising rate environment.

3. Split Loans

Combines fixed and variable to balance stability and flexibility.

4. Offset Loans

Link your savings to your home loan and reduce the interest you pay.

At Sabea Financial, We’ll help you compare the best features and rates from over 60 lenders - including those that offer specialist police home loans.

How Much Can You Borrow as a Police Officer?

Lenders assess your borrowing capacity based on your salary, debt levels, living expenses, and employment status. The good news is that:

• Most full-time officers have high loan approval rates
• Lenders often accept overtime and allowances in income assessments
• With no LMI, you can often borrow up to 90% LVR

That said, every lender calculates borrowing power differently. Some may only accept base pay, while others will count overtime if it’s regular. That’s why using a broker familiar with home loans for police officers in North Shore Sydney is a smart move.

Can You Use Government Schemes Alongside Police Home Loan Benefits?

Yes, in many cases, you can combine your police lending perks with government programs.

Eligible options include:

• First Home Guarantee (FHBG) – Buy with just 5% deposit, no LMI
• Stamp Duty Exemptions or Concessions – If buying your first home under the NSW threshold
• Shared Equity Scheme (NSW Government) – For eligible frontline workers

You’ll need to meet specific criteria, but combining these schemes can help you get into the market faster, or save you tens of thousands.

Should You Use a Mortgage Broker or Go Direct?

You can walk into your bank and ask for a home loan — but they’ll only offer their products.

Using a mortgage broker like Sabea means:

• Access to more than 60 lenders
• Expert knowledge of specialist loans for police officers
• Help structuring the loan for maximum flexibility
• Negotiation of lower rates and fees on your behalf
• Someone managing paperwork and timelines for you

Plus, our services are usually completely free - because lenders pay us, not you.

What Are Local Lenders Offering in 2025?

Here’s what we’re seeing across North Shore Sydney for police home loans:

• Unibank – Offers a dedicated product for police and emergency workers
• Teachers Mutual Bank – Known for supporting government employees
• St. George and Westpac – Occasionally offer LMI waivers for select occupations
• Macquarie and AMP – Competitive rates and flexible income assessments

Each lender’s policy changes regularly, so we keep on top of who’s offering what, and make sure your loan is matched to the best deal available right now.

FAQs: Home Loans for Police Officers North Shore Sydney

Do all police officers qualify for LMI waivers?
Not always, but many lenders will waive LMI if you're a permanent full-time officer with a strong credit profile and at least a 10% deposit.

Can I include my overtime and allowances in my loan application?
Yes. Many lenders consider these as part of your income, especially if they’re consistent and verifiable.

Are there any first home buyer grants available to police officers?
Yes. You may be eligible for the First Home Guarantee and stamp duty concessions if you're buying your first property.

What if I’m a probationary officer - can I still get a home loan?
Some lenders may require a probation period to be complete, but others are flexible, especially if you're permanent full-time.

Can I get a loan if I’ve just transferred to a new station?
Yes, as long as you have continuity of employment with NSW Police or similar. We’ll help present your case clearly to the lender.

How much deposit do I need as a police officer in 2025?
You may be able to buy with as little as 5–10% deposit, depending on lender policies and whether you're eligible for LMI exemptions.

Is it better to go through a broker or direct to a lender?
A broker like Sabea gives you more choice, negotiates better terms, and saves you time, especially when accessing niche products like police home loans.

Ready to Secure a Home Loan Tailored to Your Role?

As a police officer, you’ve worked hard to serve the community, and that dedication should be rewarded when it comes to buying or refinancing your home. With access to exclusive products, waived fees, and higher borrowing capacity, now’s the time to explore your options.

At Sabea Financial, we specialise in home loans for police officers in North Shore Sydney. Whether you're buying your first home, upsizing, or investing, we’ll match you with the right lender and support you every step of the way.

Call us on 1300 001 755, email info@sabea.com.au, or visit our homepage to book your free consultation today.