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Security Guard Home Loan Australia: Real Lending for Shift Workers

Mortgagefy Broker Team · Published · Last reviewed

Security guard income — shift work, overtime, weekend penalties, sometimes multiple employers — banks default to conservative assessments. Mortgagefy knows lenders who count it properly.

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Who this guide is for

Australian security guards — full-time, part-time, casual, multi-employer — wanting home loans that recognise overtime, weekend penalties and shift loadings.

  • Full-time security guards with regular shifts and overtime
  • Casual security guards working multiple sites
  • Security guards combining day job with night/weekend security work
  • South Asian and migrant security guards needing cultural support

The real challenge

Security guard total earnings often include significant overtime, weekend penalties and shift loadings — which can be 30–50% of total annual income. Major banks often discount these to 80% (or worse), understating actual income significantly.

Specialist lenders count overtime and shift loadings at 100% with consistent history.

How Mortgagefy helps

Mortgagefy works with lenders who properly assess security guard income. We document overtime and shift loadings to maximise serviceability and identify lenders flexible with multi-employer applications.

Free advice. Honest assessment of what you can actually borrow.

How it works — 4 simple steps

1

Free security guard chat

20-minute call about your shifts, overtime patterns and target home.

2

Compare lender options

We identify which lenders maximise borrowing for security guard income.

3

Application package

We compile your payslips, employment letters and overtime documentation.

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 security guard home loan assessment

Free 20-minute call about your real options including overtime and shift loadings.

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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