Home Loans For Osteopaths

No LMI Home Loans for Osteopaths

We know osteopaths are always on the clock and are always on a full stretch with their work. At JFS Financial Strategists, we’ll take care of your financial life as much as you would your patients’ health and physical well-being.

We have helped many osteopaths get finance for their dream home, expand their investment portfolios, start their own practice, and save thousands of dollars by waiving LMI fees.

What Is the Maximum LVR I Can Get Without Paying LMI as an Osteopath?

Osteopaths qualify for a 90% LVR home loan with LMI waived like other medical professionals. ANZ and Commonwealth Bank both offer this LMI exception to osteopaths.

Why do Lenders Waive LMI fees in Home Loans for Osteopaths?

Banks and non-bank lenders are exposed to higher financial risks on home loans with more than 80% LVR. Your bank will require you to pay for Lenders’ Mortgage Insurance (LMI) premiums to increase their protection from heightened risks.

With an LMI premium, an independent insurance provider will pay the bank any losses sustained if you default on your loan and sell your property at a loss.

Fortunately, lenders perceive osteopaths as low-risk customers with stable incomes and fewer chances of defaulting on their loans. So if you’re an osteopath and are looking to finance your home purchase, you can save from LMI fees on 90% LVR home loans.

I’m Not an Osteopath. Do I Still Qualify for a 90% LVR No LMI Loan?

If you’re a medical professional from another field, you can still qualify for a 90% LVR no LMI home loan. Moreover, proving that you have a stable income and can pay off your loan will improve your application strength. 

Call us today, and we’ll let you know if you are fully eligible for a 90% LVR home loan without LMI as a medical professional.

Should I Be Aware of Any Conditions When Applying?

LMI-free home loan conditions will depend on your bank and borrowing power. But lenders generally perceive osteopaths as low-risk borrowers and can then apply for high LVR loans without paying for LMI.

At JFS Financial Strategists, we have a broad portfolio of banks that offer home loans for osteopaths with LMI waivers. We’ll gladly take you through all options that work best for your financial goals and home buying journey.

What Loan Features are Available on LMI-Free Home Loans?

Osteopaths can access the following features and loan packages even with LMI waived on home loans:

• Variable interest rate loan
• Fixed-rate loan
• Interest-only period
• Split loans
• Loan offset accounts
• Extra lines of credit

Don’t hesitate to speak with us for any questions and concerns about saving from LMI on 90% LVR home loans.

We’ll take you through tailor-fit home loan packages that work for your needs so you can stretch your fingers and focus on more essential tasks as an osteopath.