You must be an accountant, finance manager, auditor, or actuary to qualify.
- Get a free loan consultation today – Call us:
- (03) 9034 5223
You must be an accountant, finance manager, auditor, or actuary to qualify.
No minimum income for some lenders; others may require $120,000–$150,000 per annum.
Provide evidence of your degree or membership with recognized professional bodies like CA or CPA.
You may need to submit proof of membership with bodies such as CFA, CPA, or FIAA.
See how much you might need to repay monthly. Enter your details to get an estimate in seconds.
Accountants can benefit from special interest rates and no LMI, offering significant savings.
Save up to $24,000 on a $1,000,000 property with no Lenders Mortgage Insurance.
Take advantage of exclusive interest rate discounts tailored for accountants.
To be eligible, you should be currently working as one of the following.
We specialize in offering tailored home loan solutions to accountants, ensuring access to exclusive benefits like waived LMI and special interest rate discounts. With our in-depth understanding of the accounting profession, we work closely with you to secure the well-matched loan terms.
Accountant home loans offer special benefits including waived Lenders Mortgage Insurance (LMI),which can help reduce your overall costs. Additionally, banks often offer special interest rate discounts to accountants due to their high earning potential and lower risk of default.
As an accountant, you can borrow up to 105% of the property value with a guarantor loan. You can also borrow up to 95% of the property value with no LMI (depending on strict lending criteria). For a standard home loan, you may be able to borrow up to 90% of the property value with no LMI.
To qualify, you must be a professional accepted by the bank, such as an accountant, finance manager, auditor, or actuary. You also need to provide proof of your degree or membership with recognized professional bodies like CA, CPA, CFA, or FIAA. Some lenders may have income requirements, typically ranging from $120,000–$150,000 per annum.
Answer: LMI is a one-off fee required by banks when you have less than a 20% deposit. It protects the lender in case of default. As an accountant, you can avoid paying LMI by qualifying for specific loan products that waive the fee, potentially saving you tens of thousands of dollars.
If you are employed, you may need to provide your PAYG income details. Some lenders do not have a minimum income requirement, but others may require an income of $120,000–$150,000 per annum. Self-employed accountants must provide tax returns and financial statements for the past two years, with evidence of reported profits.
Yes, as a self-employed accountant, you can qualify for no LMI on a 95% home loan, provided you meet specific criteria, including having two years of tax returns, full financials, and an active ABN for at least two years. You will also need to show reported profits for each year.
If you are a partner in an accounting firm, you may be eligible for a LMI waiver. We can assist you in navigating this process and help you secure the best loan terms tailored to your unique circumstances.
The maximum loan amount available for accountants with no LMI is typically $1 million. However, higher amounts may be possible depending on your circumstances and the lender's policies.
Yes, if you are a partner in a well-known accounting firm such as Ernst & Young, KPMG, or Deloitte, and you are borrowing less than 80% of the property value, you may be eligible to provide just an employment letter as proof of income, reducing the documentation required.
No LMI loans are available for residential properties in Category 1 and 2 locations only. These are typically areas with higher property values and demand, such as major metropolitan regions.
To get started, contact us at (03) 9034 5223 or enquire online. Our team will guide you through the process, help you assess your eligibility, and provide personalized advice tailored to your unique situation as an accountant.
Murray and the team at Everrich Finance were a pleasure to work with and made the whole mortgage process much easier than it would otherwise have been. He was able…
The thing that was important to me was the advice. I usually say I’ll leave it up to u , but u gave me all the options available and advised…
We dealt with James Kang for our refinancing recently and I must say the experience has never been more pleasant and enriching. His interpersonal skills and lending knowledge are exceptional.…
Murray is a weapon. He ensured that the finance and property transfer process was as smooth as can be. Always available, nothing is too much for him. Highly recommended!
Unsure if you qualify? Let us assess your situation and explore the home loan options available to you as an accounting professional.
