Professional Home Loans - 95% No LMI

 Professional Home Loans - 95% no Lenders Mortgage Insurance

If you're a professional with a degree and worked in your field for longer than 3 years, you may be eligible for a 95% home loan and no LMI.

Requirements:

-Be a home to live in - not Investment.
-Category 1 or 2, so metro properties.
-Have sound income and employment, who have been in the same industry for a minimum of 3 years.
-You don't need to have Genuine Savings, your 5% deposit can come from a gift.
-Home price less than $1m at 95% lend or $1.35m at a 90% lend.
-Max loan term 28 years, not the standard 30 years.
-No minimum income criteria as in some lender policy.

Professional Requirements:
-Main Applicant, based on income, must be a University Educated Professional and hold an Australian or overseas University degree.
-Accepted Professions/Industries: Medical & Allied Health, Legal Professionals, Accounting & Audit, Engineering & IT (TAFE or Certificate qualified professionals for the IT professionals only).
-Must be Australian Citizens or Permanent Residents with corresponding acceptable VISA Living and Working in Australia.
-Clean Credit – Veda Score above 650 (No blemishes, no previous bankruptcy).
-Must be in the same industry for a minimum of 3 years. Whilst there is no minimum time required in their current job, applicants MUST NOT be on probation.
-Self Employed: Must be in the same industry for a minimum of 3 years and also have been self-employed for a minimum of 2 years, must have their ABN registered for at least 2 years and be able to evidence a reported profit each year via full financials.

Happy to help see if you qualify for the Professional Home Loan.

Matthew Stack - Finance Broker - 0423 237 242
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