Home Loans For Accountants

Home Loans With Advantages To Accountants

As an accountant, you may be eligible for discounts and other benefits when applying for a home loan. Lenders are keen to attract accountants due to great long term career prospects, high income and because they rarely default on their home loans.

These lower risk factors make you eligible for a range of special benefits on your home loan, exclusively for teachers and educators like you.
Some lenders will waive Lenders Mortgage insurance with only a 10% deposit of the property value without needing to pay Lender’s Mortgage Insurance (LMI) and without the need for a Parental guarantor.

Advantage exists for owner occupiers and investment.

Added benefit of fee waivers on your home loan.

What May be Available to you

Benefits Available to Accountants, Auditors, Actuaries & Finance Managers

Home Loan Benefits For Accountants

What is the Eligibility to Qualify

  • Australian residency or citizenship.
  • Good Credit Score and no defaults
  • Have a registered qualification with a recognised body – full list below:
  • Have sufficient deposit of 10% plus enough savings to cover your purchasing costs
  • 5% of your deposit must be genuine savings.
  • Stable employment history, usually at least 3 to 6 months in your position.
  • Self-employed accountants must provide two years of tax returns,

**Only certain lenders offer these benefits, and each lender has differing requirements around income level. Contact our expert mortgage brokers so they can walk you through this and secure the best deal for you.**

Home Loan Eligibility For Accountants
Refinance Options For Accountants

How you can refinance your home & get access to cash and a deposit for an Investment Home

Should I go direct to a Bank or via a Mortgage Broker

Brisbane Home LoansHome Loan For Accountant

Do I need to be a member of an industry association?

Most lenders will require evidence of one of the following memberships:

  • (CS) Institute of Chartered Accountants of Australia
  • (CPA) Certified Practising Accountant
  • (FIAA) Fellowship of the Institute of Actuaries of Australia
  • (CFA) Chartered Financial Analyst Institute of Australia

Some lenders will require copies of degree and evidence that you are registered member.

Industry Association
Brisbane Home LoansHome Loan For Accountant

What is Lender’s Mortgage Insurance (LMI)

Which accountants are eligible for an LMI waiver?

Minor variations to the job titles above are acceptable, speak with us for details
LMI Wavier For Accountants

Checklist for accountants looking for a mortgage

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If you are in a strong financial position with a larger deposit available, you may qualify for even more savings on rates, fees/packages and other benefits.
History shows that accountants are very low risk borrowers. Lenders Mortgage Insurance (LMI) is required predominantly to protect the lender against loss in the instance of mortgage default. Therefore, some lenders are prepared to waive this requirement for accountants.
Each lender has their own specific policy, they offer different discounts and waivers. Accountants must still meet all of the lending criteria for the specific lender. If you are purchasing with another person, you will need to hold at least 50% interest in the property.
Speak to one of Brisbane Home Loans Mortgage Brokers today to find the right lender to suit your needs and objectives.