Enjoy lender’s mortgage insure waivers, reduced rates and more.
Thanks to the in-demand nature of teachers within a high-growth industry, many leading lenders offer specialist home loans for teachers who hold a permanent position, if you have a good credit score.
Whether you’re looking to buy your first home, your next home or an investment, home loans for teachers enable you to purchase property with a smaller deposit than other borrowers, and sometimes with reduced rates, charges and fees.
It pays to have a mortgage broker who is experienced with the different loans and offers that may be available to you. By applying for a specialised teacher home loan you could enjoy:
• No lender’s mortgage insurance (LMI) with low deposit home loans
• Up to 85% Loan to Value Ratio (LVR) on your borrowing
• Lower interest rates and other fee discounts