Home Loans for Nurses
Banks tend to be more flexible on their lending criteria for nurses. For instance, if you can prove that you have a stable income and substantial income, you may qualify for waived Lenders Mortgage Insurance when you borrow 80% of the property’s value. You may also be eligible for discounted interest rates if you borrow over $250,000. You can also borrow between 90-95% if you have a clean credit history, timely repayments, stable employment, good income, and minimal debts. Finally, you may also qualify for a 100% home loan without LMI or a guarantor if you have a high income and have been a nurse for over 3 years. However, the interest rates are usually high with strict criteria.
Home Loans for Police
Law enforcement officers may qualify for notable home loan exceptions. If you have a clear credit history, stable employment, good income, and few debts, you can borrow 95% of the property’s value. If your parents act as a guarantor, you can borrow 110% of the property’s value plus purchasing costs. If you have stable employment, you may be able to negotiate your interest rates with specific lenders.
Home Loans for Firemen
If you have a strong application, you may qualify for particular home loans. You can borrow 95% if you have a clear credit file, earn a steady income, and have way more income than you do debts. You can borrow 110% if your parents act as a guarantor. In addition, you may also qualify for competitive interest rates.
If you are a nurse, police, or fireman searching for a home loan, contact the brokers at Mortgage House. We offer home loan discounts for qualified professionals. Our interest rates are more competitive than those offered by traditional lenders.
