If You’re a Physiotherapist or Osteopath, You Qualify For Fast Home Loan Approval and Preferential Treatment…
For Optometrists who are Australian Citizens and Permanent Residents
- Borrow up to 90% of the purchase price
- Zero Lenders Mortgage
- Discounted interest rates
- No cost, no obligation service
Mortgage Approvals Can Be Fast & Easy
Now, You Can Qualify for Discounted Interest Rates and Zero Lenders Mortgage Insurance Because of Your Profession.
If you’re a physiotherapist, you may qualify for a Physiotherapist Home Loan of up to 90% of the property value without the need to pay Lenders Mortgage Insurance. That’s right, just a 10% deposit and no LMI! Depending on the purchase price of the property you’re buying, that equates to a savings of between $10,000 and $40,000. Here at Professional Home Loans, we are one of a limited number of brokers authorised to offer this type of mortgage to physiotherapists.
Who Qualifies For This Loan?
Loans for physiotherapists are available to those who demonstrate that they meet the following eligibility criteria:
- You’ll need to be an Australian Citizen or Permanent Resident;
- Your property purchase must be either owner occupied or for investment purposes;
- The maximum loan amount is $2 million;
What If I Do Not Meet This Criteria?
Don’t despair—we’ll likely still be able to help you. We may still be able to arrange a home loan for physiotherapists up to 85% with no LMI premium payable.
Examples of Optometrists Using This Policy
Increase your existing Physiotherapist 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, but we can also 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.
Why are Some Banks Waiving LMI For Physiotherapists?
LMI is designed to protect the lender against the possibility of default by its mortgage customers. However, some lenders have realised that the chance of you defaulting as a professionally qualified and respected practising doctor could be a lot higher. Because of this, these banks are prepared to consider waiving the LMI premiums.
Your Investment Strategy
Unlock the door to your first property without the burden of LMI and fast-track your entry into the property market. With a smaller deposit, you can secure your dream home sooner.
Imagine the savings—thousands of dollars—by waiving LMI. As you build equity in your property, you’ll be perfectly positioned to expand your portfolio and grow your wealth.
What is The Next Step?
Remember, only a few firms can offer you these valuable benefits. Here at Professional Home Loans, we are leaders in this specialised area.
Only certain firms are authorised to provide this particular 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 particular 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
FAQs – Vacant Land 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. “