Home Loans for Allied Health: 90% LVR with No LMI
- Borrow up to 90% of the purchase price
- Zero Lenders Mortgage Insurance premium – save up to $40,000
- Discounted interest rates
- No cost, no obligation service
FACT: Some Lenders Extend Special Consideration To Allied Health Professionals That Can Save You Between $10,000 & $40,000 In Repayments Across The Life Of Your Loan. Professional Home Loans Are One Of The Few Mortgage Brokers In The Country That Can Help You Secure These Special Loans.
Why Choose Home Loans for Allied Health?
Whether you’re a physiotherapist, occupational therapist, or other allied health professional, our home loans for allied health offer unique benefits:
- 90% LVR, No LMI: Borrow up to 90% of the property value without LMI, saving up to $10,000 on a $500,000 loan.
- Low Interest Rates: Exclusive discounts for healthcare workers.
- Higher Limits: Borrow up to $4 million for your allied health home loan.
- Expert Support: Brokers guide you through the process, from new grads to seasoned pros.
Ready to save thousands on your mortgage? Book in for a Strategy Session Today with Professional Home Loans.
Eligibility for Allied Health Home Loans
To qualify for a home loans for allied health, you need:
- AHPRA Registration: Be registered with AHPRA (check at AHPRA).
- Employment: Full-time work in allied health for at least 3 months (new grads considered).
- Credit History: Clean credit record with no defaults.
- Deposit: Minimum 10% deposit (or joint ownership to avoid LMI).
- Self-employed healthcare workers need 2 years of financials.
Contact us for tailored advice!
Who Qualifies For This Loan?
Te following Allied Health Professionals and Heathcare Workers are eligible for this discounted and LMI-free loan:
- Audiologists
- Chiropractors
- Midwives
- Occupational Therapists
- Optometrists
- Osteopaths
- Pharmacists / Chemists
- Physiotherapists
- Podiatrists
- Psychologists
- Radiographers
- Registered Nurses
- Sonographers
- Speech Pathologists
How Much Can You Save on an Allied Health Home Loan??
Lenders Mortgage Insurance (LMI) is a one-time fee for loans over 80% LVR, protecting the lender if you default. For a $500,000 home, LMI can cost $8,600. Our LMI waiver for nurses eliminates this up to 90% LVR, saving you thousands—equivalent to years of mortgage payments. Combine this with our low rates, and you could own your home sooner.
| Loan Amount | LMI Premium | Your Savings with Waiver |
|---|---|---|
$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 |
For a $500K, you would save $8,600 – equivalent to over 4 years of principal payments. Add that with our low rates and you could shave years off your mortgage.
How to Apply for Your Allied Health Mortgage
- Check your Eligibility: Make sure your occupation is on the list and you have the relevant qualifications and membership
- Gather Documentation: You’ll need to provide documentation, including proof of visa status, income verification, tax returns, and any additional evidence of assets or savings. If you’re earning foreign income, you may also need proof of exchange rate stability.
Find the Right Lender: Not all lenders offer loans to temporary visa holders. Working with a mortgage broker who specializes in non-resident loans can help you find the best lender for your situation.
Submit Pre-Approval Application: Apply for pre-approval to determine how much you can borrow. This will give you a better idea of your budget before you start house hunting.
Formal Loan Application: Once you’ve found a property, submit your formal loan application, including all necessary documentation. The lender will assess your eligibility and risk before granting final approval.
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