Specialist Lending

Home Loans for Paramedics

At Stanford Financial, we're dedicated to securing the best financial outcomes for those who serve our community. Discover our home loan solutions for paramedics including waived LMI on loans up to 90% of the home value.
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We Help Paramedics Save Thousands on Their Home Loans

Paramedics dedicate their lives to saving others, which is why we aim to make homeownership more accessible and affordable for those who serve our communities. 

Let us take the stress away of trying to find the best home loan terms on your own. 

Using our network of over 50 lenders, we can find a range of cost-effective loan options that will save you thousands of dollars over the life of your loan.

Call us today on 07 3703 1801 or contact us online to schedule your free assessment.

Exclusive home loan offers available for Paramedics

Waived Lenders Mortgage Insurance (LMI)

Paramedics are considered low-risk borrowers in the eyes of lenders. 

As a result, we can leverage this to find terms that waive the requirement for Lender’s Mortgage Insurance (LMI) on loans of up to 90% of the property’s value.

This substantial saving can amount to tens of thousands of dollars depending on the value of the property, making your home loan significantly more affordable.

Exclusive discounted interest rates

With Stanford Financial, paramedics gain access to exclusive discounted interest rates, reflecting their stable and dependable income. 

Our extensive network of lenders enables us to negotiate the most competitive rates available in the market, ensuring that you benefit from substantial savings over the life of your loan. 

Higher borrowing limits

Our team has expertise in negotiating higher borrowing limits on your behalf. 

This provides you with greater flexibility and expanded opportunities, whether you’re purchasing your dream home or investing in property. 

With higher borrowing limits, you can confidently explore a wider range of properties, knowing that Stanford Financial has secured the best possible terms for your home loan.

Why Choose Stanford Financial?

Personalised finance solutions

Our experienced team takes the time to thoroughly assess your financial circumstances, preferences, and objectives to ensure that we recommend the most suitable loan options for you. 

You can rest assured that your mortgage will be tailored to fit your individual needs, setting you up for a comfortable and secure future in your new home.

Access to over 50 lenders

As one of Australia’s leading mortgage brokerage firms, Stanford Financial has established strong relationships with over 50 lenders. 

This extensive network gives us access to a wide range of home loan options, ensuring that we can offer you the most competitive rates and favourable terms available in the market. 

Whether you’re looking for a traditional mortgage, a low-deposit loan, or specialised financing options, our industry connections allow us to find the perfect match for your unique financial situation.

Award-winning brokerage

Our founding vision was to create a firm that values industry expertise, client education, and empowerment. 

With a focus on fostering trust, transparency, and long-term relationships, Stanford Financial continues to uphold these values in every client interaction.

We are honoured to have received several industry awards and finalist nominations, including the prestigious 2022 NFAA Diversified Business and Newcomer Award

Nationwide service

No matter where you’re based in Australia, Stanford Financial brings its expert home loan advice and solutions directly to you. 

Our nationwide service ensures that your location is never a barrier to accessing our top-tier financial guidance and support. 

Whether you’re in a bustling city or a remote rural area, our dedicated team is here to assist you in achieving your homeownership goals.

Book your free assessment today

Take the first step towards securing your dream home with Stanford Financial today. 

Book your free assessment by calling us on 07 3703 1801 or via our online contact form and discover how we can find home loan solutions tailored to your needs. 

Let our award-winning brokerage simplify your home loan journey.

Frequently Asked Questions

What is Lenders Mortgage Insurance (LMI)?

Lenders Mortgage Insurance (LMI) is an insurance policy that protects lenders in case a borrower defaults on their loan repayments. LMI is typically required when the borrower’s deposit is less than 20% of the property’s purchase price. This insurance allows borrowers to purchase a home with a smaller deposit, but it adds an additional cost to the overall loan. Lenders consider paramedics low risk applicants which is why we can offer LMI waived home loans for paramedics who only have a 10% downpayment. 

To qualify for an LMI-waived home loan as a paramedic, typically, you must:

  • Be employed full-time and provide proof of stable employment as a paramedic.
  • Have a good credit history, demonstrating reliability in managing debt and making timely payments.
  • Apply for a loan that does not exceed a specified Loan-to-Value Ratio (LVR), usually up to 90% of the property’s value, meaning you need at least a 10% deposit.
  • Meet the specific lender’s criteria which can vary; some may require a minimum length of employment or specific employment conditions.

If you’re unsure whether or not you’re eligible, give us a call on 07 3703 1801 today!

Paramedics often receive special deals on home loans due to their stable and government-supported employment, which typically presents a lower risk to lenders. Financial institutions recognise the essential services paramedics provide to the community, and their steady income makes them attractive borrowers. Special deals such as discounted interest rates, higher borrowing limits, and waived LMI are incentives used by lenders to attract these low-risk borrowers.

When applying for a home loan, you should have the following documents ready:

  • Proof of identity (e.g., passport, driver’s license).
  • Proof of income (e.g., recent payslips, tax returns, employer’s statement).
  • Details of current debts and liabilities (e.g., credit card statements, existing loan statements).
  • Bank statements showing your savings and financial history.
  • Proof of down payment and any other funds being used in the purchase.
  • For paramedics, additional documentation such as employment verification from your medical service provider might be required.

Yes, self-employed paramedics can apply for home loans. However, the application process might require more comprehensive documentation to prove income stability and business viability. Self-employed applicants typically need to provide:

  • At least two years of full financials, including tax returns, profit and loss statements, and balance sheets.
  • Business activity statements (BAS) for the past 12-24 months.
  • A business bank account statement for the last 6-12 months.
  • An accountant’s letter verifying your income.

These documents help lenders assess your income stability and capacity to meet loan repayments, which is crucial when you do not have a fixed salary.

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