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 professi...