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Home Loans Based
On Occupation
Unlock Exclusive Home Loan Benefits by Occupation
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In Financial Services
Different occupations can influence the specifics of your home loan policies, presenting opportunities for significant savings on both your mortgage repayments and mortgage insurance costs. However, the extent of these benefits depends on whether you meet certain eligibility criteria.
We’ve assembled a selection of occupations represented by some of our lenders, illustrating the broad spectrum of professions that can access these benefits. However, it’s crucial to understand that this compilation is not comprehensive. Even if your occupation isn’t featured, you may still qualify for discounts on your home loan.
Occupation Examples
Explore benefits for:
- Medical Specialists
- Healthcare Professionals
- Accounting & Finance Professionals
- Legal Professionals
- Banking Professionals
- Veterinarians Professionals
- Pharmaceutical Professionals
- Mining Professionals
Eligibility
Proof of your industry membership and qualifications, confirming your current status as a medical professional. It’s essential that you’re actively practising in the field and can provide verifiable evidence of your employment.
Advantages
Enjoy Lenders Mortgage Insurance (LMI) waiver, cost savings, and increased borrowing capacity.
What are the advantages of having LMI waived?
LMI, which stands for Lenders Mortgage Insurance, is a fee applied to your loan to protect the bank if your property is sold due to default, covering any shortfall between the outstanding loan amount and the sale price.
This insurance fee is calculated as a percentage of your loan amount, for loans exceeding 80% of the property’s value. The higher the loan to value ratio (LVR) the higher the premium. By having the LMI waived, you’re potentially saving tens of thousands of dollars especially on high LVR’s.
Application Process
Our streamlined process makes applying for profession-based home loans simple and efficient.
FAQs
Find answers to common questions about eligibility, benefits, and how to apply.
Who is eligible for profession-based home loans?
Answer: Professionals such as healthcare professionals, accounting professionals, legal professionals, banking professionals, veterinarians, and pharmaceutical professionals are typically eligible. Specific eligibility criteria may vary, so it’s best to inquire with us directly.
What are the advantages of profession-based home loans compared to standard loans?
Answer: Profession-based home loans often come with benefits such as Lenders Mortgage Insurance (LMI) waivers, cost savings, increased borrowing capacity, and tailored loan options that suit your profession’s needs.
How can I prove my eligibility for profession-based home loans?
Answer: You can provide proof of your industry membership, qualifications, and current employment status to demonstrate eligibility for profession-based home loans. Our team can guide you through the documentation process.
What is Lenders Mortgage Insurance (LMI), and how does it affect profession-based home loans?
Answer: Lenders Mortgage Insurance (LMI) is a fee applied to loans with a higher Loan to Value Ratio (LVR) to protect the lender in case of default. Profession-based home loans often come with LMI waivers, resulting in cost savings for borrowers.
Can I apply for a profession-based home loan if my occupation is not listed?
Answer: While we offer profession-specific benefits for certain occupations, we may also have options available for other professions. Contact us to discuss your specific situation and explore available loan options.
What is the application process for profession-based home loans?
Answer: The application process typically involves providing documentation to verify your profession, income, and financial standing. Our team will guide you through each step to ensure a smooth application experience.
How long does it take to get approval for a profession-based home loan?
Answer: The approval timeline can vary depending on factors such as documentation completeness, lender processing times, and individual circumstances. We strive to expedite the process and keep you informed throughout.
What types of loan products are available for profession-based home loans?
Answer: We offer a range of loan products tailored to suit your profession’s needs, including fixed-rate mortgages, variable-rate mortgages, investment loans, refinancing options, and more. We’ll work with you to find the best fit for your situation.
Can I refinance my existing loan to take advantage of profession-based benefits?
Answer: Yes, you may be able to refinance your current loan to access profession-based benefits such as LMI waivers, lower interest rates, and improved loan terms. Contact us to discuss your refinancing options.
What ongoing support and services do you provide after obtaining a profession-based home loan?
Answer: We offer ongoing support, financial guidance, and assistance throughout your loan term. Our goal is to ensure that you continue to benefit from profession-based advantages and achieve your financial goals.
Testimonials
Read success stories from clients who have benefited from our ongoing services.
- Jill and her team were just amazing with helping myself and my partner secure finance for our first home. She helped us understand and choose the best financing package that suited our needs and wants. Couldn’t recommend them enough to help guide you through your big purchase decisions.read moreread less
Thomas Badman1 month agoBen, Janine and the whole team at In Financial Services helped us through the purchase of our first home. Turning what could have been a stressful situation into something so streamline and exciting. Thank you!read moreread less Mackenzy Skinner4 months ago - Jill and the team at In financial are amazing at their job. Very professional, easy to communicate with and Jill went above and beyond to make it easier for me to secure for first home. Will definitely recommend to anyone who is looking to purchase a home.read moreread less
Cal Single3 years agoI have dealt with In Financial services now for a number of years. They have provided me with finance for a number of investment properties as well as recently a very difficult finance issue with a property purchase my mother has made. Their knowledge is 1st class on all aspects of finance and property related issues and I cannot thank them enough for their help.I cannot rate highly enough the knowledge and help that Janine and Kylie provide it is of the highest qualityI would not use any other financial service provider and highly recommend them to anyone who is thinking of using their servicesread moreread less 
Michael Brown5 years ago - One of the best things my financial planner ever did for me was to recommend Janine Harris of In Financial Services. I had been advised to purchase an investment property for a couple of years, but the whole process seemed very daunting and rather impossible. Then I met Janine , and before I knew it, I had a loan approved, a property purchased and I was finally on my way to a more secure future. There is no way I could have accomplished it all on my own in such a short time and such an efficient, worry -free manner. From start to finish, both Janine and Kylie were there for me, answering questions, dealing with any of my concerns and keeping me from becoming a nervous wreck. And their excellent, caring service continues with regular contact and support whenever I need it.With In Financial Services, not only are you dealt with in an excellent and highly professional manner, but you also always receive personal and friendly service. It's always a pleasure dealing with them and they are only a phone call away. Don't put off securing your future any longer, do yourself a favour and call them.You won't regret it.read moreread less The Grange Vet Clinic6 years agoI have used In Financial Services for both business and personal services. I purchased a new office vehicle and asked the dealership for a finance quote and In Financial Services came in over $60.00 cheaper per month which worked out to be a saving of over 1.5 months repayment!When it came time to sort finance for a new build, I went straight back to them and was once again very happy with the level of service.Would highly recommend you get a second opinion from In Financial Services.read moreread less Patrick Mears6 years ago
- I recently purchased a new office vehicle. I asked the dealership for a finance quote and In Financial Services came in over $60.00 cheaper per month which worked out to be a saving of over 1.5 months repayment! Would highly recommend you get a second opinion from In Financial Services.read moreread less
Pat Mears7 years ago
Contact Us
Ready to explore Profession-based Home Loans? Contact us today to kickstart your personalised loan journey.
We’re here to help you unlock exclusive benefits tailored to your profession.
Useful Tools
Looking for Other Options?
When borrowing a high loan amount compared to the property’s value without qualifying for mortgage insurance exemptions, consider using a family member’s property as part security. This keeps the loan under 80% LVR for both properties, avoiding the need for mortgage insurance.
This arrangement involves a family member acting as a guarantor. By reducing your Loan to Value Ratio (LVR) to under 80%, you can sidestep the need for Lender’s Mortgage Insurance (LMI).
The family member can contribute via equity from their own home as security, without having to provide funds directly to the borrower.
