Home Loans For Podiatrists

No LMI Home Loans for Podiatrists

Getting reliable financing is the Achilles’ heel of many podiatrists who are very busy with work. At JFS Financial Strategists, we ensure we’re always putting our best foot forward in helping you secure high-LVR home loans and saving from LMI.

Our team has helped many podiatrists finance their dream homes, expand their practice, build their investment portfolio, and save thousands of dollars from LMI fees as medical professionals.

How Much LVR Can I Apply For as a Podiatrist Without Paying LMI?

If you’re a podiatrist or a qualified medical professional, you are fully eligible for a 90% LVR home loan with no LMI. Commonwealth Bank and ANZ offer LMI exceptions to 80-90% LVR for podiatrists.

Why are LMI fees Waived in High LVR Home Loans for Podiatrists?

Approving high-LVR home loans usually exposes the lender to more financial risks and increased chances of loan default. To compensate for this risk, your bank will require you to pay for Lenders’ Mortgage Insurance (LMI) premiums.

By paying for LMI, an insurance provider will reimburse any losses your bank sustains in the event of loan default where they will have to sell your property at a loss.

However, medical professionals like podiatrists have a stable income and are viewed as low-risk borrowers. If you’re a podiatrist who wants to expand their practice or purchase a new home, you can save thousands by waiving your LMI fees on your next home loan.

Can I Still Apply for No LMI Loans if I’m Not a Podiatrist?

Definitely. ANZ and Commonwealth Bank offer no LMI home loans for medical professionals from well-recognised fields as long as you can prove a stable income.

Feel free to contact us today to discover if you qualify for a 90% LVR home loan as a medical professional and waive any LMI fees.

Are There Any Conditions I Should Know When Applying?

Podiatrists can apply for higher LVR home loans and waive LMI fees, but your chosen lender may still have conditions and LVR limits depending on your home loan package. JFS Financial Strategists caters to all banks and lenders offering LMI-free home loans for podiatrists so you have a wide range of loan options at your disposal.

Moreover, we’ll discuss all home loan options and will take you through their respective conditions so you know which one is right for you. That way, you don’t have to hop between banks and spend a lot of time shopping for the ideal home loan.

Am I Limited to Loan Features on LMI-Free Home Loans?

Even if you waive your LMI fees, you can still access standard loan features and packages on your home loan. That includes:

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

Call us today, and we’ll let you know how you can apply for a 90% LVR home loan and waive any LMI fees to save you thousands of dollars. We’ll also take you through different home loan packages suited to your needs, so you don’t have to go through each bank and loan rate to shop for what works.

That way, you can keep your feet and focus on more critical medical work as a podiatrist.