Home Loans for Paramedics

 Home Loans for Paramedics & EMT

-There are some discounts & waivers for emergency services workers when applying for a home loan.  

-A paramedic pays no LMI up to 85% LVR as opposed to 80% LVR for everyone else.  This gives you an edge when entering the property market.

-Your borrowing capacity is slightly increased as some lenders will utilise more of your income than others - for example 100% overtime income, 100% lunch break overtime income, Salary Packaging etc.  

-It's important to select the right lender, which changes from season to season, as some lenders set up policy and products that compete for this income type.

-If you're an emergency services worker, it pays to speak to a mortgage broker.  It won't cost you anything.  When you call, you'll speak directly to me - Matthew Stack - not a call centre.

Benefits of a Paramedic Home Loan

  • You are entitled to 85% LVR with no mortgage insurance.  Saves you thousands.
  • Professional package discounts on interest rates and some fees.
  • Application fee waivers, with some lenders.
  • Some lenders will allow non-genuine savings for emergency services workers.  Gifted deposits at 95% are ok in some circumstances.
  • Get up to 95% LVR for Investment loans.
  • Some lenders won't charge you a valuation fee up to 80% LVR.  This must be weighed against fees and charges from other products.  I will do this for you.
  • Some lenders won't credit score.
How do I apply?
  • Give me a call and we'll run through your scenario over the phone.
  • Your pay slip will prove you're a paramedic or emergency services worker.
  • You'll need to show bank statement showing you have a 5% deposit.
  • Normal ID document requirements.
  • I'll do the rest.  Matthew Stack - Finance broker - 0423 237 242.

Income documentation

  • I'll need 2 pay slips to assess your income and overtime.
  • 100 Points of ID - drivers licence and Medicare should do it.
  • Bank statements where you get paid.
  • If you have salary packaging, you'll need documentation explaining this.

For more information on what home loan options are available, call me on 0423 237 242 or email me: matthew@mikehughespartners.com.au





Location: Australia

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