How your profession can save money when buying property

How your job can save you money when buying property

Your profession isn’t just a means of earning; it can also be a pivotal factor in saving you money when securing a home loan. This is because your career can influence not only who will lend to you but also how much and under what conditions.
It’s a little-known secret in the mortgage industry that if your profession is one of your lender’s preferred, you can access better loan conditions and more favorable interest rates. This is all about the risk factor; if you can prove to your lender that you are a ‘low risk’ purchaser, they are more likely to offer you attractive terms to secure you as a client.

Preferred Professions by Lenders

Lenders generally favor professions that are deemed stable and well-paying, such as:

Special Considerations for Medical Professionals

Medical professionals are often considered ‘low risk’ by lenders due to the stability and lucrative nature of their jobs. If you are in the medical field, you may be eligible for waived Lenders Mortgage Insurance (LMI) at LVRs of up to 90% and could potentially borrow up to $4.5 million without extensive scrutiny. Additionally, qualifying for a professional home loan package can provide more flexible loan conditions and further savings on interest rates and fees.

Legal and Finance Professionals

Legal and finance professionals, along with teachers, scientists, and government employees, are also seen as low risk by most lenders, often qualifying for waived LMI on home loans up to 85% and access to professional home loan packages. However, those in ‘high risk’ professions such as casual workers, contract workers, and the self-employed may face challenges and may need to provide additional documentation to qualify for competitive home loans.


Whether you are a legal professional, engineer, or medical practitioner, leveraging your profession can help you secure better mortgage terms and save money in the process. Regardless of your profession or the property you are eyeing, contact us today at 1300 55 44 97; we are here to help you make the most out of your profession to secure the best possible home loan.
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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