Home Loans for Paramedics & Ambulance Officers - Exclusive Discounts & Low Deposit Options
- Special discounted interest rates
- Save up to $40,000 over standard loans
- Borrow up to 95% of the purchase price
- Fast home loan approval plus FREE service
- Zero Lenders Mortgage Insurance on loans up to 90% LVR
Find out if you qualify -no obligation!
Why Ambulance Officers & Paramedics Get Special Home Loan Benefits
As a paramedic or ambulance officer, you provide essential services to the community, and many lenders recognize your stable employment and income structure. This makes it easier for you to qualify for low-deposit home loans, waived Lenders Mortgage Insurance (LMI), and discounted interest rates.
Key Benefits of Home Loans for Paramedics
Low Deposit Home Loans: Secure a home loan with as little as 5% deposit.
Waived LMI: Save thousands by avoiding costly mortgage insurance.
Competitive Interest Rates: Exclusive discounts for essential service workers.
Government Grants: Access the First Home Owner Grant (FHOG) and Stamp Duty Concessions.
Flexible Income Assessment: Lenders accept overtime and shift allowances as part of your income
The Criteria to Save Thousands in LMI
To achieve a special interest rate concession and save thousands in LMI you will need to;
- Be a full-time, part-time or casual paramedic or ambulance officer
- Have a stable income with at leas six months in your current role
- Possess a clean credit file (credit history) free from defaults, bankruptcies etc,
- 5% genuine savings (that is, some of your deposit must be from your own savings)
- Have sufficient deposit for minimum 10% plus stamp duty and purchasing costs,
- First-time buyers may access additional government incentives
If you meet this criteria and are looking to buy a home to live in you really cannot afford to not put in a call to Professional Home Loans to see if we can help you. As per the table below, the LMI on a $500,000 mortgage is circa $8,600. The 90% waiver which is effectively 4 years of principal payments on your mortgage saved! Incredible savings!
How much will I save in LMI?
LMI premiums, like all insurance premiums, are priced based on the risk of the insured event happening. That is, the more likely that a borrower will default on the mortgage and the bank will suffer a loss, the more expensive the premium will be. See below explanation of LMI.
As such, LMI is not a flat rate but will vary depending on the size of the loan and the LVR. Here is some examples of a typical LMI premium for a 90% lend based on various loan amounts.
| Loan Amount | LMI Premium | Your Savings (90% waiver time limited offer) |
|---|---|---|
| $300,000 | $4,100 | 4,100 |
| $400,000 | $6,900 | $6,900 |
| $500,000 | $8,600 | $8,600 |
| $600,000 | $10,800 | $10,800 |
| $700,000 | $13,500 | $13,500 |
| $800,000 | $16,100 | $16,100 |
As is evident from the above table, for an average loan size of $500,000 the savings in LMI would be circa $7,310. This savings in conjunction with market leading interest rates will save you many many years off your mortgage. The LMI in and of itself on a 500k home loan would be in excess of 4 years of principle payments on your mortgage. You have just paid off the first 4 years of your home loan!
How Much Can Paramedics & Ambulance Offivers Borrow?
Most lenders offer borrowing power up to 6 times your annual income, but factors like your deposit size, credit history, and existing debts will affect your approval. To get an exact estimate, use our home loan calculator or speak with a mortgage specialist.
Home Loan Options
| Loan Type | Features |
|---|---|
| Low Deposit Loans | First Home Buyers, buy a home with as little as 5% |
| LMI Waiver Loans | Avoid paying LMI, saving up to $40K+ |
| Fixed & Variable Rates | Choose between predictable repayment and flexibility |
Case Study: How a Paramedic Bought Their First Home
Sarah, a full-time paramedic in Melbourne, wanted to buy her first home but had limited savings. She secured a 5% deposit home loan with an LMI waiver, saving her over $15,000 in upfront costs. Thanks to her stable job, she was quickly approved and moved into her new home within two months.
Frequently Asked Questions (FAQ)
Can paramedics get home loans with no deposit?
Most lenders require at least a 5% deposit, but in some cases, guarantor loans allow paramedics to buy with 0% deposit.
Which banks offer LMI waivers for ambulance officers?
Several major banks and lenders offer LMI waivers for paramedics, but eligibility varies. Speak with a specialist to find the best lender for you.
Can overtime income be used to qualify for a loan?
Yes! Many lenders count overtime, shift penalties, and allowances as part of your assessable income, which can increase your borrowing power.
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Testimonials
Tom has provided us with a very professional service, communicating all the available options to us and in the process he has literally saved us $75k that we would have otherwise paid. Being new the Australian property market it was imperative we found a broker that had the patience to answer the numerous questions we had be it by phone or email and sometimes outside normal working hours and that is exactly what we got from Tom. He certainly goes beyond the call of duty. Keep up the good work, Tom and we will no doubt be back in touch with you in the not too distant future.
Hamilton & Nyari
Finally, we were able to buy our own place in Sydney. THANKS to Michael. We were given the run around by various banks (we had a unique situation and despite good income and stable one, loan wasn't coming easy). When we almost finally gave up, we had nothing to lose and made one last call and it was to Michael. Our hopes were back in two days from there, and had our loan approved with in next few days. We appreciated all the prompt and helpful responses to all of our queries in relation to purchasing with a Temporary Visa. He even made a bank valuation possible in 24 hours or so. If we ever need help again with our finance, Michael will be the first person we would call. Kindest Regards, Anjuli & Kris
Anjuli & Kris Balachandran
Tom, rest assured, when we hear of any of our acquaintances in need of a mortgage you are the one I'll be referring them to. We are very happy to have been working with you, not only because the result is good, but even more since Lisa and I really appreciated your personal touch in our case, your always being available, even for emails late at night and always taking the time to answer our every question. Kind regards, Lisa & Bas
Lisa and Bas
Why Choose Professional Home Loans
Getting a home loan was really simple with Professional Home Loans.
“We went overseas during settlement and it was not a problem for them, everything went smoothly and I’m writing this from my new home! “
Jack Clancy
Well done you made it easy with no BS.
“Couldn’t ask for a better job – until next time (although no time soon, moving was awful). “
Accountant, Mick and Vanessa Renton
No LMI for building home in Sydney as well as 90% LVR no lmi for investment proerpty off the plan in Newcastle.
“Professional Home Loans has provided us with a very professional service, communicating all the available options to us and in the process he has literally saved us $75k that we would have otherwise paid. They certainly go beyond the call of duty. “
Hamilton (Accountant) & Nyari (Doctor) Sydney
Working for QLD Health achieved 90% LVR no LMI at normal rates - From UK. Sunshine Coast, QLD
“We were able to get a loan at a good rate and avoid paying LMI which saved us several thousand dollars that we can now put towards other things. Very helpful and informative about all aspects of the process, not just the loan, which we really appreciated as it made the whole thing a lot easier for us.”
Craig and Louise (Medical Registrars)
On a contracting basis – she got paid roughly 70% of what she billed.
“We assisted Arlyn with a 90% Mortgage with No Lenders Mortgage Insurance payable so she could buy a house and land package Thanks so much. All credits goes back to you as you helped me make all this happen. I couldn’t thank you enough for the job excellently done. “
“You not only got the loan approved on time, but at a better rate! You are professional, honest, dedicated & obviously love what you do-your passion shines through & I look forward to doing all my loans through you from now on!”
Linh