Physiotherapist home loan discounts
Physical therapists (physios) may be eligible for:
- Borrow up to 95% with waived LMI: Borrow up to 95% of the property value and avoid Lenders Mortgage Insurance (LMI).
- Borrow up to 105% of the property value with a guarantor home loan.
- Borrow up to a maximum loan size of $4.5 million.
- Access significantly reduced interest rates that aren’t available to the general public.
- Rapidly build an investment property portfolio thanks to higher exposure limits for high net worth investors.
- Take advantage of flexible approval criteria for new graduates.
Call us today on 1300 889 743 or complete our free online assessment form to discover if you qualify.
In 2020, all lenders pulled out of offering 100% no LMI home loans for physiotherapists due to COVID-19. But since then, a few lenders have re-entered the market but are only lending upto 90% of the property value with no LMI.
95% No LMI Home Loans
A lender on our panel is offering waived LMI on a 95% home loan for physiotherapists.
There is no minimum income requirement.
To qualify for no LMI on a 95% home loan:
- You must buy a residential property. (Only Category 1 and 2 locations accepted)
- You must hold a university degree from Australia or overseas.
- You must be an Australian citizen or permanent resident living and working in Australia.
- You must be employed as a physiotherapist and not on probation.
- You have PAYG income in the industry for at least the last three years; doesn’t all have to be with the same employer but you must be past your probation period.
- Minimum credit score required.
- You need a minimum of 2 years’ tax returns and full financials if self-employed. ABN must be registered for at least two years and you must provide evidence of reported profit each year.
- The maximum loan amount is $1 million.
Am I Eligible for a Waived LMI Home Loan as a Physiotherapist?
You may be eligible if you meet the following criteria:
- Fully qualified as a physiotherapist
- Working full-time in your profession
- Registered with Australian Health Practitioner Regulation Agency (AHPRA).
- Able to meet standard lending criteria (no minimum income, but must show capacity to repay the loan)
All physiotherapy specialisations are accepted, including:
- Geriatric physical therapy
- Integumentary
- Neurological
- Orthopedic
- Pediatric
- Sports
- Women’s health
- Palliative care
Get a physiotherapist home loan today
We are experts in lending to physical therapists, and we know which lenders offer incredible home loan discounts including reduced interest rates and a 90% LMI waiver.
Buy your dream home or rapidly build your property investment portfolio by calling us on 1300 889 743 or filling in our free assessment form.