Nurses Mortgage Program in Ontario: Mortgages for Nurses and Healthcare Workers
The Nurses Mortgage Program connects Ontario RNs, RPNs, nurse practitioners, PSWs and other healthcare workers with lenders that count shift premiums, overtime, part-time, casual and agency income. Every client also gets up to $750 in rebates: up to $400 toward the appraisal and up to $350 toward closing costs. It works for purchases, renewals and refinances.
Program at a Glance
- Who it’s for
- RNs, RPNs, nurse practitioners, nursing students, PSWs, healthcare aides and other regulated healthcare professionals
- What you get
- Preferred rates and cashback offers from select lenders, and full consideration of shift premiums, overtime and contract income
- Rebates
- Up to $400 appraisal rebate and up to $350 toward closing costs (up to $750 total)
- Mortgage types
- Purchases, renewals and refinances
- Where
- Anywhere in Ontario, with local expertise in Hamilton, Burlington, Brantford, St. Catharines, Caledonia and the Kawarthas
- Extra
- Prepayment tracking: I watch your mortgage and tell you if breaking it early would save you money
Why Nursing Income Needs a Different Approach
A nurse’s pay stub rarely tells the whole story. Base pay is only part of it. Shift premiums, weekend and night differentials, overtime and statutory holiday pay can add thousands a year. Many nurses also work part-time or casual at one hospital while picking up shifts somewhere else, or work through an agency.
Many lenders only look at your base hourly rate and contracted hours, so they qualify you for less than you can afford. Lenders in the Nurses Mortgage Program understand healthcare pay, and they look at everything you actually earn.
- Full consideration of overtime, shift premiums and contract income
- Flexible qualification for part-time, casual and agency nurses
- Preferred rates and cashback offers from select lenders
- Available for purchases, renewals and refinances
How Lenders Look at Nursing Income
Every lender sets its own rules, but this is what they typically look for:
| Your situation | What lenders usually ask for | Good to know |
|---|---|---|
| Full-time RN or RPN | Job letter and a recent pay stub | Base pay qualifies right away. Overtime and premiums usually need a two-year history. |
| Part-time or casual nurse | Two years of T4s or Notices of Assessment, plus a job letter | Lenders usually average your last two years, so steady extra shifts count |
| Two jobs or extra shifts elsewhere | Job letters and T4s from each employer | Both incomes can count once you’ve held them for a while |
| Agency or travel nurse | Two years of tax returns (T1 Generals) and contract history | Often treated like self-employed income, so the history matters most |
| Nurse practitioner | Salaried: job letter and pay stub. Fee-for-service: two years of T1 Generals | Fee-for-service NPs are usually treated as self-employed |
| PSW or healthcare aide | Job letter, pay stubs and T4s | Guaranteed hours help; extra hours are usually averaged |
If you’ve recently moved from casual to full-time or picked up a new position, tell me where you are. Some lenders will use your new income right away instead of a two-year average.
Is This Program for You?
The Nurses Mortgage Program is available across Ontario to:
- Registered Nurses (RN) and Registered Practical Nurses (RPN)
- Nurse practitioners and nursing students
- Personal support workers and healthcare aides
- Other regulated healthcare professionals
Whether you’re a new grad starting your career or a veteran nurse looking to refinance, I’ll make sure your full income is recognized and that we compare lenders that suit your situation.
A Little Extra, On Us
As part of the Nurses Mortgage Program, every client also receives:
- Up to a $400 appraisal rebate
- Up to a $350 rebate toward closing costs, to help cover legal fees
- Prepayment tracking. I monitor your mortgage, and if breaking it early to move to a better one would save you money, you’ll hear from me first.
Nurse Mortgage Questions
Do nurses get special mortgage rates in Ontario?
Yes. Through the Nurses Mortgage Program, Ontario nurses and healthcare workers can access preferred rates and cashback offers from lenders that understand healthcare pay, plus up to $750 in rebates.
Can shift premiums and overtime count toward my mortgage?
Yes. Lenders in the program count shift premiums, overtime and differentials. Most want a two-year history so they can average it, which your T4s or Notices of Assessment show.
Can part-time or casual nurses get a mortgage?
Yes. Lenders usually average your last two years of income. If you regularly pick up extra shifts, that income can count even when your contracted hours are part-time.
Can agency or travel nurses qualify?
Yes. Agency and travel nursing income is usually treated like self-employed income. Two years of tax returns and a steady contract history are the main things lenders look for.
I’m a new grad nurse. Can I buy a home right away?
Often, yes. Some lenders will approve you based on a job offer or new position in healthcare, without waiting out a full probation period. Your down payment and credit still need to be in place.
Are mortgages for healthcare workers available to PSWs and other staff?
Yes. Personal support workers, healthcare aides and other regulated healthcare professionals qualify alongside RNs, RPNs and nurse practitioners.
Can I qualify while on maternity or parental leave?
Often, yes. Many lenders will qualify you on your regular income if you have a letter confirming your return-to-work date and position. Talk to me before your leave starts if you can.
Can I use this program to renew or refinance?
Yes. The Nurses Mortgage Program is available for purchases, renewals and refinances.
Where Nurses Start
The Nurses Mortgage Program works with every kind of mortgage. Start with the one that fits where you are:
- Buying your first home: down payment options, the FHSA and the Home Buyers’ Plan
- Renewing your mortgage: compare your renewal offer before you sign
- Refinancing: consolidate debt or access your home equity
- Run your numbers: mortgage calculator, purchase calculator, closing cost calculator and land transfer tax calculator
- Partner is a police officer, firefighter or paramedic? See our First Responders Mortgage Program
I work with nurses and healthcare workers across Hamilton, Burlington, Brantford, St. Catharines, Caledonia and the Kawarthas, including staff at Hamilton Health Sciences, St. Joseph’s Healthcare Hamilton, Joseph Brant Hospital, Brant Community Healthcare System, Niagara Health and Ross Memorial Hospital.
Let’s Get You the Rate You Deserve
Your income is more than what shows on a standard pay stub. Let me connect you with lenders who value the full picture of your healthcare pay. Book a free consultation to see what you qualify for.
Contact Dustin