If You’re A Professional, You May Qualify For Fast Home Loan Approval and Preferential Treatment…

For Professions who are Australian citizens or residents

Your Financial Health is Important

What You Need to Know:

If you’re a practicing vet or pharmacist, you may qualify for a home loan for professionals 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, this equates to a saving of between $10,000 and $40,000. Here at Professional Home Loans, we are one of a limited number of brokers who are authorised to offer this type of mortgage to professionals.

Who Qualifies For This Loan?

To qualify for this valuable policy, you’ll need to demonstrate that you meet certain eligibility criteria. This includes membership of the relevant professional body:

What You Need to Know:

Yes, there are several requirements that they need to meet. They include:

Why are lenders offering this preferential deal to Vets and Pharmacists?

The basis of Lenders Mortgage Insurance is to protect the lender against the possibility of default by its mortgage customers. However, some lenders have realised that you (as a practicing professional professional) are far less likely to default on your mortgage than other customers. Because of this, these banks are prepared to waive their LMI premium with a far lower deposit.

If I am buying with my partner/ spouse who is not a Vet/ Pharmacist, will I still qualify for the LMI Waiver?

Eligibility for this valuable mortgage benefit is not dependent upon both borrowers being employed in the health profession. So long as one of you meets the eligibility criteria by your employed position, then your need to pay the LMI premium can be waived.

What loan products and interest rates available?

Taking advantage of an LMI waived offer does not limit your choice of mortgage. All of the different mortgage products will be available to you – including loans specifically designed for professional, like variable mortgages with package discounts, and fixed rate offers with features such as offset accounts and redraw. Interest rates on such mortgages are competitive, and there may be discounts of up to 1% on standard variable rates.

Additional Documentation Required

A lender will want to see some confirmation of your financial situation before making you a LMI waived mortgage offer. This documentation is:
Confirmation of your employment as a Vet/ Pharmacist: this may be by way of a copy of your registration with the relevant body as stated above as well as your employment contract;

Why use a Specialist Mortgage Broker

Who wouldn’t want to save up to $40,000?

As a vet or pharmacist, you have an opportunity only available to certain professionals but securing such a mortgage is only possible through a limited number of mortgage brokers.

It may be that you want to buy your first home but have less than a 20% deposit; or perhaps you wish to refinance, consolidating some debts; then again, it may be that you wish to purchase an investment property to provide passive income.

Whatever the reasons for your mortgage needs, Professional Home Loans is here to help you source the best mortgage for your particular circumstances. Because of your professional dedication, you may be eligible to take advantage of huge savings from an LMI free mortgage.

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.

There is no cost for our service and absolutely no obligation. Enquire now.

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

Let us help guide you through the Home loan process.

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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

– Physio
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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

– 90% no LMI Brisbane, QLD.
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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

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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)

– Sunshine Coast QLD
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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. “

Arlyn (Doctor)
– Townsville QLD