Home Loans for Teachers

Teachers can access [home loans for teachers](home-loans-for-teachers) with a deposit as low as 10% through LMI waivers offered by select lenders, or with just 5% through the First Home Guarantee under the Home Guarantee Scheme. Both pathways allow you to avoid paying LMI, which is a significant saving. Your broker will assess which option suits your circumstances.

Most lenders will require payslips covering three to six months, your employment contract, recent bank statements, and tax returns. Teachers with salary sacrifice arrangements or casual income may need additional documentation. Your broker will prepare a full document checklist based on your specific situation.

Through the First Home Guarantee, teachers can purchase a property with a 5% deposit and no LMI. As of 1 October 2025, this scheme has no income cap and no limit on the number of places available. See our page on the 5% deposit scheme for teachers for more detail.

Certain lenders offer home loans for teachers that include LMI waivers at up to 90% LVR and profession-specific interest rate discounts. These benefits are not available through standard loan products and require a broker who understands which lenders have teacher-specific policies.

Yes, eligible teachers can access LMI waivers through select lenders, allowing them to borrow up to 90% LVR without paying Lenders Mortgage Insurance. Find out more about LMI waivers for teachers on our dedicated page about the topic.

Moving schools is totally normal for teachers, and we work with lenders who get that. Whether you're chasing a promotion, going permanent, or just want a change of scenery, we'll show lenders that you're advancing your teaching career, not job-hopping. Your teaching registration and qualifications travel with you.

You might need less than you think! While 20% deposit is ideal, many teachers can buy with just 5-10% deposit. Some lenders will even waive mortgage insurance for teachers because they see you as low-risk borrowers. We'll find you the lowest deposit option that works for your situation.

Nope, our service is free for most home loans. The lender pays us when your loan goes through, so it doesn't cost you anything to get our help and advice. If there's ever a fee for something special, we'll tell you upfront - no surprises.

As teachers, you face unique financial situations that big banks often don't understand - from casual teaching income to interstate transfers for positions. We specialise exclusively in helping teachers navigate these challenges. With access to over 2,000 loan products, we can find lenders who recognise your teaching qualifications as a strength, not a complication. We also understand the timing pressures of school terms and can work around your schedule, including completely online processes when needed.

Absolutely! We understand teachers' diverse financial needs. Beyond home loans, we can help with refinancing your existing mortgage to get better rates, investment loans for building your property portfolio, car loans (perfect for that reliable car to get to school), and construction loans if you're building your dream home. We also assist with first home buyer programmes specifically available to education professionals.

Yes! Whilst banks might see irregular teaching income as high-risk, we know how to present your teaching experience and qualifications to lenders who understand the education sector. We can access the same competitive rates that permanent teachers get, and some lenders even offer special professional packages for qualified teachers. Your teaching registration and consistent work in education actually work in your favour with the right lenders.

All our mortgage brokers are fully licensed and accredited members of the Mortgage and Finance Association of Australia. More importantly, we've chosen to specialise exclusively in helping teachers because we understand your profession's unique challenges - from understanding pay scales and leave entitlements to knowing which lenders recognise teaching qualifications. We speak your language and know your industry.

Great question! Teachers are often eligible for multiple benefits that can save thousands. This includes state-based first home buyer grants, stamp duty concessions, and some lenders offer exclusive deals for education professionals with reduced fees or preferential rates. We stay current on all teacher-specific benefits and ensure you don't miss out on any concessions you're entitled to as an education professional.

All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.