Smaller deposits
As a participating lender in the Australian Government 5% Deposit Scheme, you may be able to buy with a smaller deposit.
Highly competitive
Flexible options
One-on-one support
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.
From
Offset Variable Home Loan
A variable rate loan that provides flexibility to use your savings to reduce the interest you pay.
From
Fixed Rate Home Loan
Fix your mortgage payments from 1 to 5 years.
1 year fixed from
Apply online for a discounted rate
Eligible borrowers can access a 0.30% p.a. discount on the standard Basic Variable Home Loan rate when they apply online.
Discounted rates from
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.
Home loan 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 to apply for a P&N Bank home loan
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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.
The amount you may be able to borrow for a home loan or refinance depends on your income, living expenses, existing debts, and the size of your deposit.
Our home loan borrowing power calculator can help you understand what you may be able to borrow. Just enter a few details about your income and spending – such as how much you get paid, your regular expenses and bills, and any loans or credit cards you have – and our calculator will give you an estimate based on the information you provide.
Keep in mind that the result is a guide only. The amount you're approved to borrow will depend on your individual circumstances and our lending criteria.
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 doesn't have to be complicated. Our home loan specialists will walk you through the process and let you know exactly what information is needed.
We'll typically ask for details about:
- Your income and employment details
- Your living arrangements, monthly expenses and other regular commitments
- Assets you own, such as savings, vehicles, investments, or property
- Any existing loans, credit cards, or other debts
You may also need to provide supporting documents as part of your application.
For more information, read our how to apply for a home loan guide.
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. Eligibility criteria, terms & conditions, fees & charges apply.
Please consider the terms and conditions and whether a product is right for you.
- View the home loans terms & conditions
- View the home loan 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.
^If you are borrowing more than 80% of the property’s value (Loan to Value Ratio), Lenders Mortgage Insurance (LMI) may be required. Borrowing up to 95% includes LMI costs.
†This discount is available for eligible applications received from 21/08/2026 and may be amended or withdrawn at any time without notice. Applications received prior to any amendment or withdrawal will still be eligible for the discount in accordance with the terms in effect at the time of submission.
Not available for broker originated applications or applications through our branches, mobile lenders, or contact centre.
Offer available on eligible owner-occupied Basic Variable Home Loans with new borrowings or top-ups of at least $100,000 and an LVR of 80% or less. Discount is not available on loans for construction purposes or any other product, including Basic Variable Home Loans with an LVR above 80%.
Discount cannot be used in conjunction with any other home loan offer.