My Mortgage butler
Professional home loans
Many people know that professions like Lawyers, Doctors, and Accountants qualify for professional home loan packages, but did you know the list is growing? At My Mortgage Butler, we’ve helped professionals such as nurses and radiographers, physiotherapists and paramedics secure home loans with no lender’s mortgage insurance (LMI) and significant interest rate discounts. Contact us to learn how our mortgage brokers can assist you.
It’s cost and obligation-free
Access to 35+ lenders to get you your most suitable loan
Discounted home loans for professionals in select industries
It isn’t necessarily common knowledge that some professionals receive deals and discounts on their home loans. Not every lender offers this service, so we’re here to find you one that does and maximise every opportunity to ensure you receive the best option for you and your professional situation.
We understand that buying a home is an expensive, lifelong investment, and we are committed to exploring every possible avenue to help you save money.
Reducing Lenders Mortgage Insurance: What you need to know
Banks tend to offer better home loans for Doctors, Lawyers, and Accountants because of their stable incomes and job security. This often means they can avoid paying Lender’s Mortgage Insurance (LMI) or have it significantly reduced. In some cases, that could add up to savings of more than $30,000.
The list of eligible professions is expanding to include more medical professional roles, such as Nurses, Radiographers, Physiotherapists and Paramedics, making it easier for more professionals to access favourable home and investment loan rates. At My Mortgage Butler, we specialise in helping you leverage these benefits to secure the best home loan deal.
Are you eligible for the professionals home loan?
Typical professions that qualify for a professional home loan include:
- Nurses
- Paramedics
- Physiotherapists
- Radiographer
- Architects
- Engineers
- Lawyers
- Medical Professionals
- Accountants
- Teachers
- and more
At My Mortgage Butler, we understand the financial circumstances of professionals in various industries. Our team is dedicated to helping you navigate the eligibility requirements and find the best loan options available. Get in touch to see how we can assist you in securing a competitive home loan.
Eligibility criteria
To qualify for a professional home loan, lenders assess a range of factors to determine eligibility. While each lender has specific requirements, the following key criteria generally apply:
Income
Lenders typically look for a stable and high income to ensure you can comfortably meet your loan repayments. Many professional loan packages are designed for individuals earning above a certain threshold, which varies depending on the lender and your profession. For example, some lenders may require a minimum income of $90K per year to qualify.
Stability
A strong employment history is essential. Lenders prefer professionals who have been in their industry for a set period, often a minimum of 12 months in their current role or at least two years within the same field. Self-employed professionals may need to provide financials from the past two years to demonstrate stability.
Documentation
To verify eligibility, you may need to provide:
- Proof of professional qualifications or industry membership (e.g., CPA for Accountants, AHPRA registration for Medical Professionals).
- Recent payslips or tax returns for self-employed applicants.
- An employment contract or a letter from your employer confirming your role and income.
Lenders may also consider additional factors such as credit history and existing debts when assessing your application. Talk to a specialist mortgage broker and discuss whether you meet the eligibility criteria.
Why do lenders offer home loans to professionals?
Lenders find professionals highly desirable as they are low-risk borrowers due to their above-average incomes and job stability. With secure career paths, they are considered low-risk, making them less likely to default.
This financial reliability increases their borrowing capacity, allowing access to better loan benefits like discounted interest rates, reduced fees, and waived Lenders Mortgage Insurance (LMI). In turn, lenders can offer more favourable terms, ensuring both parties benefit from a lower-risk, cost-effective arrangement.
Expert tips for a smooth application process
1. Check your eligibility early
Different lenders have varying criteria for professional home loans. My Mortgage Butler helps you determine if your profession qualifies and guides you through income requirements to avoid delays.
2. Get your documents ready
Lenders will require proof of employment, industry membership, payslips, and financial statements. Having these prepared in advance can speed up approval times.
3. Maintain a strong credit profile
A good credit score increases your chances of securing a lower interest rate. Pay off outstanding debts and avoid new credit applications before applying; our brokers will help you work out your finances.
4. Consider your deposit options
Some professional home loans allow lower deposits with reduced or waived Lenders Mortgage Insurance (LMI). We help you understand your deposit requirements and explore ways to maximise savings.
5. Work with My Mortgage Butler
Our expert brokers specialise in professional home loans, matching you with lenders that offer the best discounts, flexible features, and interest rate reductions to ensure you get the best deal.
Maximise your savings with My Mortgage Butler
We find personalised borrowing options tailored financial solutions for qualified professionals, including discounted rates and the ability to purchase with as little as a 5% deposit. We can also help you buy with no deposit down using a family guarantor.
It’s cost and obligation-free
Our Process
Step 1
Initial consultation (20-30 minutes)
We’ll have a quick call to understand your needs—whether you’re buying your first home, upgrading, or investing—and discuss your timeline and borrowing capacity. We’ll also review your professional status to make sure you’re eligible for any benefits.
Step 2
Supporting documents
Access our secure portal to upload necessary documents, such as income details, ID, and bank statements. This helps us find the best loan options and ensures you can take advantage of perks like LMI waivers or discounted rates.
Step 3
Finance appointment
We’ll review your financial situation, discuss your professional goals, and explore loan options that suit your needs. We’ll also discuss any special conditions for medical professionals, lawyers, accountants, and others in the eligible professional categories.
Step 4
Assessment & recommendations
We’ll assess your eligibility and recommend the best loan options, highlighting the benefits of a professional home loan, such as avoiding LMI and securing competitive interest rates, so you’re fully informed.
Step 5
Application & approval
Once you choose a lender, we’ll handle the application and paperwork and liaise with your conveyancer and real estate agent to keep everything on track. We’ll work to get your loan approved with the best possible terms.
Step 6
Settlement & Beyond
On settlement day, the property is officially yours. We’ll stay in touch to review your loan annually and discuss refinancing options when needed.
Why Choose My Mortgage Butler?
Genuine advice
We work in your best interest, not the lenders. With our guidance, you can trust that you are getting the best advice to secure the right home loan tailored to your financial situation, your goals, and your requirements.
We check in with you annually
Get support from a mortgage broker who checks in with you. The most suitable loan for you today might not be the same in two years. We'll keep in touch to make sure you're supported with the right advice.
You'll always know where your loan is at
We don't leave you in the dark. Our team will provide regular updates as we progress through your professional loan's research, application, and approval stages. You're always welcome to ask us a question at any stage of your home loan journey.
Spend less time on paperwork & more time scrolling real estate listings
It's important to us that you get to enjoy the process. Spend more time scrolling through real estate listings and attending open homes; we'll take care of all the behind-the-scenes admin.
We're rated 5 stars from 40+ Google Reviews.
A mortgage broker like terence really cares
Terence and the team have been incredibly helpful saving me thousands off my home loan. Banks do not care about you but a mortgage broker like terence really cares about all his customers and best interests for you! All banks want are profits but Terence found the best deal possible and how to save as much interest to pay off our home quicker! If it weren’t for his knowledge we would be screwed. He structured all our loans and investments the best way!
From "can we afford a house" through to now living in our own home.
Rhys took us from "can we afford a house" through to now living in our own home. He was kind, respectful and understanding and is continuously following up with our many questions. Highly recommended.
A great help
Rhys from My Mortgage Butler has been a great help in getting me a home loan in a very short period of time. Rhys guided me all the way till the end and even after handover. If you need a home loan, My Mortgage Butler and team are the peolple u need to contact ❤️
Always available for any questions
Rhys has been very helpful and supported me through the process of buying my first home. He was always available for any questions and stepped me through the process. Thank you so much for all your help Rhys! I would highly recommend My Mortgage Butler!!
Frequently Asked Questions
Can I use this loan to buy an investment property?
Yes, your professional benefits can extend to investment loans. This often means access to lower interest rates, along with potential tax deductions on investment property expenses.
Can I use an offset account for this loan?
Yes, many professional home loan packages allow you to use an offset account. This can help you reduce the amount of interest paid on your home loan by offsetting your loan balance with the balance in your linked offset account. Be sure to discuss this option with one of our mortgage brokers to see how it could benefit you.
Do I need to be a first-time homebuyer to qualify?
No, these loans are available to both first-time homebuyers and those purchasing a second or subsequent property. These loans are designed to help professionals access better rates and terms regardless of your homebuying history.
Can I get an interest-only home loan as a medical professional?
Yes, medical professionals can qualify for an interest-only home loan. Many lenders offer interest-only loan options for professionals, including doctors, which can be especially beneficial for investment purposes. By choosing this type of loan, medical professionals can reduce their monthly repayments during the interest-only period, freeing up cash flow for other investments.
At My Mortgage Butler, we’ll guide you through the process of finding the best home loan to suit your financial goals and professional status.
Schedule a consultation today to find out if your profession qualifies for a discounted home loan
Don’t miss the opportunity to save on your home loan by choosing a lender that doesn’t offer professional discounts.
Our team at My Mortgage Butler is dedicated to finding the best loan for you, ensuring you get a loan that aligns with you and your profession.
It’s cost and obligation-free