home loan with one year employment: what to know now

What lenders consider

With only a year in your current role, approval depends on the broader story your finances tell. Many lenders accept 12 months if the industry is steady and income is well documented, especially when prior work shows continuity or promotions. A larger deposit and clean credit can offset the short tenure.

• Employment stability across roles, not just the current job
• Verifiable income: payslips, contracts, bank credits
• Debt-to-income ratio and existing commitments
• Credit score trends, not just the number
• Deposit size, LVR, and genuine savings

Ways to strengthen your case

1. Confirm probation end and include a letter
2. Show six to twelve months of consistent savings
3. Pay down cards and limits you do not use
4. Consider a co-borrower or guarantor temporarily
5. Opt for a smaller loan or conditional pre-approval

Present a clear narrative: promotions, sector demand, and reliable cash flow. Use bank statements and a concise employment history to link your last job to the current one; that context reduces uncertainty for underwriters.

Summary and conclusion

In short, getting a home loan with one year employment is feasible when you balance risk elsewhere. Focus on documentation, savings, and manageable leverage, and be flexible on lender choice and product features to keep options open.