No LMI Home Loan Solutions for Physiotherapists
Buy with a 5% Deposit, borrow up to 95% LVR with No LMI Costs.
Rosh Partners offer No LMI home loan solutions tailored specifically for Physios.
Physiotherapists can now purchase a property with a 5% deposit and pay no LMI costs, providing a unique opportunity for our physio clients to secure their dream home sooner, with minimal upfront costs.
Why Physios Qualify for LMI Waivers
Some lenders recognise the financial stability and earning potential of professionals like physios. As a result, they offer special benefits, including client paid LMI waivers, to make homeownership more accessible for you.
Key Features of No LMI Home Loans for Physios
Reduced Deposit Requirements: Purchase a home with as little as a 5% deposit (plus costs), without paying LMI.
Save Thousands: Avoiding LMI can save you tens of thousands of dollars, freeing up funds for other investments or home improvements.
Competitive Interest Rates: Requested rate reductions available at 90% and 80% LVR.
Eligible Professions and Policies
To qualify for an Allied Health Professionals LMI waiver, you generally need to meet these criteria:
Hold a University Degree (International degrees are accepted.)
Work as an approved physiotherapists
Meet the lender's specific criteria, which can include income thresholds and deposit amounts.
Book a Call or Online Meeting
Get in contact with us today
Alan Harrosh 0422 264 558
Mark Harrosh 0407 877 115
1300 671 801 (Chadstone Office)
admin@roshpartners.com.au
Arrange a review / same-day call back
Frequently Asked Questions
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The maximum LVR currently available for Allied Health Professionals is 95%. As such, your contribution or deposit will need to be 5% of the purchase price, plus costs.
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Getting your finance pre-approved before you make any decisions is always a very good idea. While not strictly required, getting a home loan pre-approval can be highly beneficial, especially in a competitive housing market. Here’s why:
1. Know Your Budget
A pre-approval provides you with a clear understanding of how much you can borrow based on your financial situation. This helps you focus your property search within your price range, saving time and preventing disappointment.
2. Strengthen Your Position as a Buyer
Pre-approval shows sellers and real estate agents that you're a serious buyer with financing already conditionally secured. This can make your offer more attractive and give you an edge over buyers who haven’t been pre-approved.
3. Avoid Surprises
During the pre-approval process, your lender will assess your financials (income, savings, credit history) to give you an accurate borrowing estimate. This way, you can address any issues or discrepancies early on, reducing the chance of surprises later.
4. Faster Loan Approval
Having pre-approval can speed up the loan approval process once you’ve found the right property. Since much of the groundwork is already done, the final approval can be quicker and smoother, which is especially helpful when dealing with tight settlement timelines.
5. No Obligation
A pre-approval is typically valid for 3-6 months, and while it gives you a better idea of your borrowing power, you're not locked into a particular lender or loan until you proceed with a formal application. This gives you flexibility if your circumstances change.
When Might You Not Need Pre-Approval?
In certain situations, such as if you're making an unconditional cash offer or if you’re a returning buyer with extensive equity, pre-approval may not be essential. However, even in these cases, knowing your borrowing capacity is still helpful.
Final Thoughts: While it’s not mandatory, getting pre-approval can provide peace of mind, clarity, and a competitive edge when buying a home. It’s a smart step in the home-buying process, especially if you’re serious about securing your next property. A mortgage broker can guide you through the pre-approval process and help you find the best loan options based on your needs.
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A 100% offset account can be a valuable feature for reducing the interest you pay on your home loan while giving you easy access to your money. Here’s how it works and the key benefits:
A 100% offset account is a transaction account linked to your home loan. The balance in this account offsets your loan balance when calculating interest. For example, if you have a $400,000 home loan and $50,000 in your offset account, you’ll only pay interest on $350,000.
Advantages of a 100% offset account:
Interest savings:
Every dollar in the offset account reduces the amount of interest you’re charged on your loan, helping you pay less over time. This can result in significant savings and help you pay off your loan faster.Maintain liquidity:
Unlike making extra repayments, which are harder to access, funds in the offset account are still available for you to use at any time. You can withdraw money from the offset account for emergencies, daily expenses, or other investments, giving you flexibility without affecting your loan structure.Tax-free savings:
Any interest you save through the offset account is effectively a tax-free benefit. Instead of earning taxable interest in a traditional savings account, you’re saving on home loan interest, which can be a more efficient way to manage your finances.Faster loan payoff:
By reducing the interest charged on your loan, more of your regular repayments go towards the loan principal. This can help you pay off your home loan sooner without needing to make higher repayments.
At Rosh Partners, we can help you set up a home loan with a 100% offset account and guide you on how to make the most of this feature to achieve your financial goals faster.