Teacher Home Loans in Australia | No LMI Up to 90% LVR
- Borrow up to 90% of the purchase price
- Zero Lenders Mortgage Insurance premium – save up to $40,000
- Competitive interest rates
- No cost, no obligation service
Why Choose Teacher Home Loans
With a current shortage of school teachers in Australia, salaries have soared to between $90,000 and $150,000 annually, reflecting the vital role educators play. Lenders see the importance of school teachers and are now offering them home loans with no Lenders’ Mortgage Insurance (LMI) up to 90% Loan to Value Ratio (LVR), saving thousands. At Professional Home Loans, we specialize in tailored mortgage solutions for teachers, offering fast approvals and competitive rates
Benefits of Teacher Home Loans
- Savings on Lenders Mortgage Insurance (LMI) : Avoid LMI costs (up to $15,000 on a $500,000 loan at 90% LVR), enhancing your deposit flexibility.
- Fast Approvals: Our streamlined process delivers approvals in as little as 48 hours.
- Competitive Rates: Access some of the lowest rates available in 2025, starting around 5.75% (variable), per Canstar.
- Free Strategy Session: Book a no-cost consultation to explore your options with our experts.
Industry insights suggest financial planners save an average of $10,000 over 5 years with no LMI loans, according to [Mortgage Choice Insights](https://www.mortgagechoice.com.au).
Read our blog for the latest mortgage trends.
Eligility for LMI Waiver Home Loans for School Teachers
To qualify for no LMI home loans up to 90% LVR, school teachers must meet these criteria:
- Minimum 3 years’ professional experience
- Working as a School Teacher
- Holds valid State based accreditation
- At least 50% of assessable income derived from financial planning
What if I do not meet this criteria?
Don’t despair, because it’s likely we can still help you. We may be able to arrange a home loan up to 85% with No LMI premium payable.
How Much Can You Save on a TeacherHome 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
Getting started with Professional Home Loans is easy. Take these steps today:
- Submit your accreditation and income details.
- Get pre-approved within 48 hours.
- Secure your no LMI loan with our guidance.
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!
With over 10 years of experience, we’ve helped hundreds of financial planners secure no LMI loans. Our 5-star rated advisors, Michael and Tom, ensures a personalized and efficient process. Explore Client Testimonials.
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
Frequently Asked Questions - Teacher Home Loans
-
Can casual teachers qualify?
Yes, if you’ve worked 1 year at your current job or 2 years total in nursing.
- Which banks waive LMI for teachers?
- How much deposit do I need?
- What is Lenders Mortgage Insurance (LMI), and does it protect the borrower?
LMI protects the bank in case the borrower defaults on the loan. It is paid by the borrower but benefits the lender. It does not protect the borrower; instead, borrowers should take personal life and income protection insurance.
- What if I’m on probation?
Testimonials
Tom 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. Being new the Australian property market it was imperative we found a broker that had the patience to answer the numerous questions we had be it by phone or email and sometimes outside normal working hours and that is exactly what we got from Tom. He certainly goes beyond the call of duty. Keep up the good work, Tom and we will no doubt be back in touch with you in the not too distant future.
Hamilton & Nyari
Finally, we were able to buy our own place in Sydney. THANKS to Michael. We were given the run around by various banks (we had a unique situation and despite good income and stable one, loan wasn't coming easy). When we almost finally gave up, we had nothing to lose and made one last call and it was to Michael. Our hopes were back in two days from there, and had our loan approved with in next few days. We appreciated all the prompt and helpful responses to all of our queries in relation to purchasing with a Temporary Visa. He even made a bank valuation possible in 24 hours or so. If we ever need help again with our finance, Michael will be the first person we would call. Kindest Regards, Anjuli & Kris
Anjuli & Kris Balachandran
Tom, rest assured, when we hear of any of our acquaintances in need of a mortgage you are the one I'll be referring them to. We are very happy to have been working with you, not only because the result is good, but even more since Lisa and I really appreciated your personal touch in our case, your always being available, even for emails late at night and always taking the time to answer our every question. Kind regards, Lisa & Bas
Lisa and Bas
Why Choose Professional Home Loans
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. “
“You not only got the loan approved on time, but at a better rate! You are professional, honest, dedicated & obviously love what you do-your passion shines through & I look forward to doing all my loans through you from now on!”
Linh