Overtime counted
Some lenders accept up to 100% of overtime and allowances.
FOR POLICE OFFICERS
Home loans for police officers.
Overtime and allowances.
Counted by the right lender.
A big share of police pay comes from overtime, shift penalties and allowances, and lenders treat it very differently. Some count up to 100% with a consistent history; others only 80% or less. We compare 40+ lenders to find the one that counts what you actually earn. Personal guidance from Ausfirst Lending Group in Caloundra, proud supporter of Queensland Police Legacy.
Excellent · 35 Google reviews
You serve the community.We’ll look after your loan.
UP TO100% of
overtime.
overtime.
40+Lenders on our panel
30+ yearsRichard’s lending experience
$0Broker fee for home loans
SupporterQueensland Police Legacy
POLICE MORTGAGE BENEFITS
Your pay, counted
the way it’s earned.
Police officers are trusted, stable earners, but rosters, overtime and allowances can make income look uneven to the wrong lender. Matched to the right one, more of what you earn counts towards your borrowing.
Packaging recognised
Many lenders add salary-packaged amounts back to your income.
One broker throughout
The same person from first chat through to settlement.
Approved for less than expected? Your overtime may have been shaded. Another lender may count more of it.
Start with a free chatHOW LENDERS READ POLICE PAY
Where lenders
differ most.
The parts of your pay that decide how much you can borrow.
Overtime
From 100% with a consistent history, to 80% or less with other lenders.
Shift penalties and allowances
Shift, uniform and other allowances can add meaningfully to assessable income.
Salary packaging
Many lenders add packaged amounts, such as a novated lease, back to your income.
Employment stability
Permanent police roles are viewed favourably by most lenders.
AN EXAMPLE
Same pay, two lenders
| What changes | Lender A | Lender B |
|---|---|---|
| Base salary | $95,000 | $95,000 |
| Overtime counted | 80% of $25,000 | 100% of $25,000 |
| Assessable income | $115,000 | $120,000 |
Illustrative only. Lenders usually need a consistent history of overtime. Policies vary and change.
Check my optionsKNOW YOUR NUMBERS
What might a lender
count?
Base salary is only the start. Overtime, allowances and salary packaging can noticeably lift the income a lender assesses.
Bring a recent payslip and we’ll show you what each lender would count.
- Base salary
- Overtime and allowances
- Salary-packaged amounts
- Your overtime history
YOUR PAY, AT A GLANCE
How much could count?
$40k$250k
Illustrative assessable income$123,571
Overtime and allowances counted$20,000
Packaging grossed up$8,571
Illustration only, not a borrowing assessment. Packaging grossed up assuming a 30% tax rate; lenders use their own method. Annual amounts. Lenders usually need a consistent history for overtime.
Check my actual optionsGIVING BACK
Supporting Queensland
Police Legacy.
Every loan you take through us also gives back to the families of officers who have given so much to their community.
OUR PARTNERSHIP
$100 per $100,000 lent.
For every completed lending transaction over $300,000 in net lending, Ausfirst donates $100 per $100,000 to Queensland Police Legacy.
Legacy provides financial and emotional support to the families of deceased Queensland Police officers.
Reliance on overtime
If overtime makes up a big share of your pay, fewer shifts could affect repayments. We size the loan to what’s comfortable, not just the maximum.
Not just Queensland
Lender policies for police apply nationally. We help officers wherever they serve, by phone, Zoom or in person.
Lender policies on overtime, allowances and packaging vary and can change.
Let’s check what counts. We’ll match your payslips to the lender that counts the most of your income.
Check my next stepsELIGIBILITY
What lenders
typically look for.
Most police home loans come down to these.
Stable role
Permanent employment, with a history for overtime.
Good credit history
A tidy file opens the best rates and policies.
Deposit and savings
Genuine savings, plus costs like stamp duty.
Acceptable property
Some lenders restrict certain property types or locations.
WHY OFFICERS WORK WITH AUSFIRST
Built around how
you’re actually paid.
Not a one-size template.
We read rosters
Overtime, penalties, allowances and packaging.
40+ lenders
Matching your pay to a lender whose rules suit it.
The same person
You work directly with Richard Luke, not a call centre.
Queensland Police Legacy
A donation from every qualifying loan.
Buying with less than 20%? See how low deposit loans work.
Explore low deposit loansHOW TO APPLY
Six steps, around
your roster.
We work around your shifts, by phone, Zoom or in person.
ASSESS
Review your position
Savings, income, expenses and future property costs.
PAYSLIPS
Read your income
Overtime, allowances and packaging.
RESEARCH
Compare lenders
Income policies and any property or location limits.
APPLY
We handle it
Documents gathered, checked and submitted.
APPROVE
Review the offer
We walk through the terms before you accept.
SETTLE
Settlement and beyond
Funds released, plus a six-month loan review.
Richard LukeFounder · Ausfirst Lending Group
WHAT MAKES AUSFIRST DIFFERENT
You look after others.
We’ll look after your loan.
You’re looked after by someone who treats your financial success as his own.
You deal directly with Richard, the founder, who brings over 30 years of lending experience across Queensland. He personally oversees every client’s loan.
Whether you’re buying your first home, upgrading or investing, he takes the time to understand your roster, pay and plans.
Direct access to RichardOvertime and allowances understood2024 Sunshine Coast Business Awards finalist
Talk to a broker
More about RichardWHAT OUR CLIENTS SAY
Good people.
Great support.
ExcellentBased on 35 Google reviews
Google review
“I would describe Richard and Ausfirst Lending as friendly, insightful, prompt and diligent. A pleasure to deal with.”
Google review
“Debbie made the process of buying a new house frictionless, by providing excellent support throughout”
Google review
“I received very prompt responses to all of my questions and the team ensured that my application was processed in a timely manner. The service was brilliant!”
Excerpts from client reviews displayed on Ausfirst’s website. These reflect individual experiences.
LET’S CLEAR THINGS UP
Police home loans.
Real questions.
The questions officers ask us most. Bring a payslip and we’ll talk through the detail.
Ask a questionWhat makes police home loans different?
It’s mostly how your income is assessed. Some lenders count more of your overtime, allowances and packaging, which can lift your borrowing capacity.
Are police home loans available across Australia?
Yes. Lender policies apply nationally, and we help officers in every state.
How is my overtime assessed?
Usually with a consistent history, often six to twelve months. Some lenders count up to 100%, others 80% or less.
Can I borrow more than 90% of the property value?
Possibly, up to 95% with LMI at some lenders, or with a family guarantee. First home buyers may also qualify for the 5% Deposit Scheme.
Can salary packaging be included?
Many lenders add salary-packaged amounts back to your assessable income. How they calculate it varies.
What properties are eligible?
Most standard residential properties. Some lenders restrict small apartments, rural property or certain locations.
What documents do I need?
ID, recent payslips, a payment summary or employer letter, bank statements and details of any debts.
START WITH A CONVERSATION
Talk to a broker who
understands police pay.
Bring a recent payslip and we’ll show you what you can borrow once overtime, allowances and packaging are counted.
Overtime and allowances counted
40+ lenders compared
A donation to Queensland Police Legacy
Visit our Caloundra office
Suite 3/74 Bulcock St, Caloundra QLD 4551
Monday–Friday, and by appointment
YOUR FREE CONSULTATION
Tell us about your plans.
Your role, what you’re buying and when.
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