Childcare Worker Refinancing | Mortgagefy
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Childcare Worker

Childcare Worker Home Loan Australia: Real Lending for the Sector

Mortgagefy Broker Team · Published · Last reviewed

Childcare worker income is often casual or part-time across multiple centres — banks default to lower borrowing capacity. Mortgagefy knows lenders who handle childcare income better.

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Who this guide is for

Australian childcare workers — casual, part-time, full-time across multiple centres or single employers — wanting home loans that recognise your actual income.

  • Casual childcare workers earning $50K–$80K
  • Part-time childcare workers combining roles across multiple centres
  • Diploma and Certificate III qualified educators
  • South Asian and migrant childcare workers needing language and cultural support

The real challenge

Childcare workers face two big issues: casual loadings are often discounted by lenders (only 80–100% counted depending on history), and combining hours across multiple centres requires more documentation.

Major banks default to conservative serviceability assumptions, often understating actual borrowing capacity by 10–20%.

How Mortgagefy helps

Mortgagefy works with lenders who handle casual and multi-employer childcare worker income well. Some lenders count 100% of casual income with 12+ months history. Some specifically handle multi-centre PAYG combinations smoothly.

Free advice. We tell you honestly what you can borrow.

How it works — 4 simple steps

1

Free childcare worker chat

20-minute call about your hours, centres, employment status and target home.

2

Compare lender options

We identify which lenders maximise borrowing for your specific employment pattern.

3

Application package

We compile your payslips, employment letters, tax returns and supporting documents.

4

Settle your home

Approval through to settlement with ongoing support.

Frequently asked questions

We use offer letters and vesting schedules to value RSUs conservatively. We present current vesting value + projected future vesting as a 3-5 year income average. This gives lenders confidence in your income stability while accounting for market volatility.
Both. We work with W2 employees, 1099 contractors, and consultants. For contractors, we use 2 years of tax returns plus business financials. We have lenders who specialise in contractor income—they understand the variability.
Unvested options have zero value for refinancing. We count only vested equity. If you have a 4-year vest, we use 25% of the grant value (what's vested) plus a conservative projection of future vesting.
If you've been in your new role 6+ months, most lenders will refinance. We'll use your offer letter plus 6 months of pay stubs. If less than 6 months, it's harder but possible with specialist lenders.
Yes, if you have 2+ years of bonus history. We average the past 2 years and present it conservatively. Some bonuses get counted at 50% to be conservative with variable compensation.
ESPP is counted as deferred compensation. If your company matches or you have a discount, we value it as part of total compensation package.

Get a childcare worker home loan assessment

Free 20-minute call about your real options as a casual or multi-centre childcare worker.

Start Your Free Assessment Call 0432 634 648

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Mortgagefy

Sydney mortgage broker — Specialist in self-employed and unconventional income loans

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