If You’re A Vet You Already Qualify For Fast Home Loan Approval and Preferential Treatment…
- For Vets who are Australian citizens or residents
- Borrow up to 90% of the purchase price
- Full Waiver of the Lenders Mortgage Insurance Premium
- Competitive interest rates
- No cost, no obligation service
Mortgage Approvals Can Be Fast & Easy
Please note this policy applies to Veterinary Practitioners where at least one applicant is an Australian Permanent Residents or Citizens, living and working in Australia.
Veterinary Practitioners may be able to qualify for waiver of the lenders mortgage insurance (‘LMI’) for home loans up to 90% of the property value (that is, with only a 10% deposit). This is a potential savings of $10,000 – $40,000 depending on the purchase price of the property.
MAP has semi exclusive agreements to offer this product to our Vet clients. This offer is not available to general mortgage brokers so please contact us on 1300 55 44 97 to see if we can help you.
Who Qualifies For This Loan?
Vets who demonstrate that they meet the following eligibility criteria:
- You’ll need to be an Australian Citizen or Permanent Resident;
- You’ll need to provide current proof of a member of the Australian Veterinary Association or Australian Veterinary Business Association (or able to obtain membership);
- Your property purchase must be either owner occupied or for investment purposes;
- The maximum loan amount is $2 million dollars;
- Self-employed Vets are acceptable;
- ***note for Vets there is no minimum income threshold***
What if I do not meet this criteria?
If we do not believe you meet the above criteria, we may still be able to help. Whilst lenders mortgage insurance is required if you do not have a 20% deposit, we may still be able to assist with a home loan for strong applicants up to 85% with no lenders mortgage insurance premium payable.
Examples of vets using this policy
You could top up your existing home loan to 90% and pay no LMI. This would release surplus funds which you can then use to fund the 10% deposit plus costs on a new investment (or owner occupied) property. Providing the total transaction amount is below $2 million, you’ll have no LMI to pay.
Not only that, we can source loan products specifically designed for doctors. These include standard variable mortgages with package discounts, and fixed rate offers with features such as offset accounts and redraw.
Interest rate discounts for veterinaries
Loan products available for Vets include standard variable with package discounts and fixed rates and include offerings with full features such as offset accounts and redraw.
Why are some banks waiving LMI for vets?
LMI is designed to protect the lender against the possibility of default by its mortgage customers. However, some lenders have realised the chance of you (as a professionally qualified and respected practising vet) defaulting is relatively low. As such, the risk of default from these professions is low and therefore they have decided to consider waiving the LMI premium for Veterinarians.
What is the next step?
Remember, there are only a limited number of firms authorised to offer you these valuable benefits. Here at Professional Home Loans we are leaders in this specialised area.
This offer is not available to the general mortgage broker market.
Further, all applications for LMI waiver by Veterinarians are considered on a case by case basis.
There is no cost for our service and absolutely no obligation.
Only certain firms are authorised to provide this special benefit. Click on your profession to the right to learn more or Call 1300 55 44 97 today to learn how we can help make your hard work and professional experience pay off!
Remember, only certain brokers are authorised to provide this special benefit.
Contact us online or call 1300 55 44 97 today to learn how we can help make your hard work and professional experience pay off!
Free 30-Minute Finance Strategy Session For Professionals
Discover How To Get Approved With A Lower Interest Rate & Save Up To $40,000 In Fees
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. “