The Nursing Profession Qualifies You for Fast Home Loan Approval and Preferential Treatment
- Competitive Interest Rates
- Flexible Lending Criteria
- Low Deposit Requirements
- Mortgage Offset Accounts
- Tailored Loan Features
A home loan provides nurses with the funds needed to purchase a home, which can provide stability, security, and long-term financial benefits.
Many home loans offer competitive interest rates, which can save nurses thousands of dollars over the life of their loan.
Homeowners can deduct interest and property taxes of mortgage loans for nurses from their federal income taxes, which can result in significant savings.
Owning a home can provide a sense of pride and accomplishment, as well as a feeling of stability and security.
Nurses who purchase a home can choose to rent out a portion of it, which can provide additional income and help pay off the mortgage loans faster.
Home loans for nurses can be tailored to meet the needs of individual borrowers, with options for fixed or variable interest rates, repayment terms, and down payments.
Our motto is simple: “Clients come first.” Whether you are a first-home buyer or an experienced property investor, our team of first-home loan brokers in Brisbane will go out of their way to get you a deal that offers you the best rate at the lowest possible cost.
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Loan Amount ($) | LMI cost @ 90% ($) |
---|---|
$650,000 | $15,508 |
$550,000 | $10,545 |
$450,000 | $8,553 |
$350,000 | $6,652 |
$250,000 | $3,687 |
Questions About Home Loans For Nurses
Consider the following 3 factors to reduce the LMI premium: 1. Checkout for different lenders 2. Consider a home loan guarantor 3. Increase your deposit or reduce your loan amount
Yes, many lenders are open to offering nurse loans to newly qualified professionals, especially if you belong to a high-demand field. As long as you meet the necessary eligibility criteria, you will certainly find many options that fit your needs.
The lender typically considers a wide range of nursing and midwifery roles for the Lenders Mortgage Insurance (LMI) waiver, including registered nurse, clinical Nurse, clinical nurse consultant, clinical nurse consultant, midwife, endorsed midwife, nurse practitioner, nurse manager, nurse educator, forensic nurse, cardiac nurse, holistic nurse, home health nurse, mental health nurse, and more.
Yes, you can buy investment property using professional loans. These loans usually have comparable benefits, such as LMI waivers and higher borrowing capacities.
Absolutely not. Whether you are a first-time buyer or a seasoned property investor, professional home loans are available for all.
If you change your profession after securing the home loan, your terms will remain the same, but you may not qualify for the same benefits if you want to refinance or get a new loan.