Home loans for Pharmacists

Professional Packages for Registered Pharmaceutical Professionals

up to 95% LMI Waiver

Welcome to our tailored brokerage services designed exclusively for registered pharmacists. Our distinctive offering allows eligible pharmacists to apply for a home loan or investment loan and waive Lenders Mortgage Insurance (LMI) up to 95%. Please note that certain conditions apply.

Eligible Professions:

Our brokerage services are tailored to pharmacists currently practising in Australia. We specialise in assisting pharmacists to access home loans or investment loans with an LMI waiver of up to 95%.

Key Benefits:

• Access to loans with up to 95% LMI waiver
• Minimum income requirement

Eligibility Criteria:

To qualify for our specialised packages, applicants must be registered under the Australian Health Practitioner Regulation Agency (AHPRA) website with the following criteria:

Status: Registered

Registration Type: Provisional, General, or Specialist.

To check your eligibility, please visit the AHPRA website:

https://www.ahpra.gov.au/Registration/Registers-of-Practitioners.aspx

How to Apply:

Ready to explore the benefits of our specialised brokerage services? Contact us today for a consultation and personalised guidance on accessing customised loans for your profession.

Our team will assist you in navigating the diverse lending options available from our panel of lenders and secure the ideal loan for your unique needs.

Why Choose Our Brokerage Services:

• Industry-specific expertise tailored for pharmacists
• Dedicated support from application to approval
• In-depth understanding of profession-specific loan options
• Transparent and dependable service throughout the process
• Ongoing client support for all your financial needs

Don’t miss out on this opportunity to access exclusive benefits. Reach out to us today and embark on your personalised home loan journey!

Case Study

Client Background:

Simon is a pharmacist with an annual income of $150,000, while Teah works as a gym instructor earning $65,000 per year. They have one child and recently sold their previous property, resulting in $100,000 available for their new purchase. Notably, they have no outstanding debts.

Their Decision:

Taking advantage of their occupation-based LMI waiver, Simon and Teah opted to invest in a property priced at $900,000. They secured a loan of $855,000, covering 95% of the property’s value, without having to pay for mortgage insurance. This strategic move helped them save over $34,000, by avoiding mortgage insurance costs.

Conclusion:

By leveraging their occupation-based LMI waiver, Simon and Teah not only saved a significant amount of money but also positioned themselves to get ahead financially. This smart decision allowed them to maximise their resources and achieve their property ownership goals more effectively.

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.

First Home Buyers Family Pledge Guarantee