Home Loans for Physiotherapists: 90% LVR with No LMI
Are you a Physiotherapist looking to buy your dream home? Professional Home Loans offers tailored Home Loans for Physiotherapists.
- Borrow up to 90% of the purchase price
- Zero Lenders Mortgage
- Discounted interest rates
- No cost, no obligation service
Why Choose Home Loans for Physiotherapists?
Physiotherapists enjoy unique advantages with our home loans for physiotherapists due to their stable, high-demand profession. Benefits include:
- 90% LVR, No LMI: Borrow up to 90% of the property value without LMI, saving up to $12,000 on a $500,000 loan.
- Low Rates: Access exclusive interest rate discounts not available to the public.
- Higher Borrowing Power: Qualify for loans up to $4.5 million, ideal for investment properties.
- Fast Approvals: Our brokers streamline the process for new graduates and experienced physiotherapists.
Eligibility for Physiotherapist Home Loans
To qualify for a Physiotherapist Home Loan, you need:
- AHPRA Registration: Be registered with the Australian Health Practitioner Regulation Agency (check at AHPRA).
- Employment: Full-time work as a physiotherapist for at least 3 months (new grads considered).
- Credit History: Good credit with no defaults.
- Deposit: Minimum 10% deposit (or joint ownership to reduce LMI).
- Self-employed physios need 2 years of tax returns.
How Much Can You Save on a Physiotherapist 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 Physiotherapist 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. Use our Loan Calculator to estimate your savings
How to Apply for Your Physiotherapist Mortgage
Getting your Home Loan is easy with these steps:
- Check Eligibility: Review criteria and gather documents.
- Contact Us by Booking for a Strategy Session or Call 1300 55 44 97
- Submit Supporting Document: Provide AHPRA proof, income, and ID.
- Get Approved: We handle lender negotiations and settlement.
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
FAQs – Physiotherapist Home Loans
- Are physiotherapists exempt from LMI?
Physiotherapists are often exempt from Lenders Mortgage Insurance (LMI) when they apply for home loans. This benefit allows them to borrow up to 90% of the property value without the need to pay LMI, resulting in significant savings. This exemption is available through specialised loan products designed for medical professionals, including physiotherapist home loans.
By leveraging this advantage, physiotherapists can enter the property market with a smaller deposit, reducing upfront costs and making homeownership more accessible. This makes physiotherapist home loans a valuable option for those looking to buy property.
- Can physiotherapist home loans be used for both owner-occupied and investment properties?
Yes, physiotherapists can use a home loan for both owner-occupied and investment properties. This flexibility allows them to purchase a home or invest in real estate to grow their portfolio.
With the benefit of avoiding Lenders’ Mortgage Insurance (LMI) and being able to borrow up to 90% of the property value, physiotherapists can take advantage of opportunities in the property market with a smaller deposit, whether looking to buy a first home or expand their investment holdings, a home loan for physiotherapists offers a versatile and cost-effective financing solution.
- How long does it typically take physiotherapists to get approval for a home loan?
Typically, the approval process for physiotherapists applying for a home loan in Australia can take a few days to several weeks. The exact timeline depends on various factors, such as the lender’s internal processes, the completeness of the application, the complexity of the applicant’s financial situation, and whether additional documentation or assessments are needed.
Physiotherapists with a well-prepared application, stable income, and a good credit history may experience faster approval times. To expedite the approval process, physiotherapists should work closely with their chosen lender and provide all required documents promptly.
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. “