Home Loans for Accountants

In addition to general qualifications for accountants, some lenders offer an LMI waivers specifically for partners of certain top-tier accounting and legal firms. This exclusive offer can help reduce the upfront costs of obtaining a home loan, as the LMI fee, which can often amount to tens of thousands of dollars.

Legal and Accounting Firms Eligible for LMI Waivers:

• Allens
• Ashurst
• Clayton Utz
• Corrs Chambers Westgarth
• Deloitte
• Herbert Smith Freehills
• HWL Ebsworth
• King & Wood Mallesons
• KPMG
• Maddocks
• Minter Ellison
• Norton Rose Fulbright
• PwC

Eligibility Requirements for Partners:

To access this exclusive LMI waiver, partners from the listed firms must provide official confirmation of their partnership status. This typically involves submitting a letter from their firm confirming their role and partnership status.

When applying for a home loan, your professional qualifications as an accountant is the first hurdle when it comes to accessing special benefits such as waived LMI, higher borrowing capacity, and access to discounted interest rates. While Chartered Accountants (CAs) and Certified Practising Accountants (CPAs) in Australia are often directly recognised, many other global accounting designations are also considered by some lenders.

If you hold any of the following professional qualifications, you could be eligible for the same exclusive home loan benefits:

Global Accounting Alliance Members:

The following international accounting bodies are part of the Global Accounting Alliance, and membership in any of these organisations is recognised by some Australian lenders as evidence of your professional standing:

• Chartered Accountants Australia and New Zealand (CA ANZ)
• American Institute of Certified Public Accountants (AICPA)
• Institute of Chartered Accountants in England and Wales (ICAEW)
• Chartered Professional Accountants Canada (CPA Canada)
• Institute of Chartered Accountants of Scotland (ICAS)
• Chartered Accountants Ireland (CAI)
• Hong Kong Institute of Certified Public Accountants (HKICPA)
• South African Institute of Chartered Accountants (SAICA)
• Japanese Institute of Certified Public Accountants (JICPA)
• Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW)

CPA Recognised Partnering Professional Bodies:

CPAs are often part of global networks, and there are numerous other accounting bodies whose members can benefit from similar home loan perks. If you’re a member of any of the following partnering professional bodies, your qualifications could be recognised by Australian lenders, opening up access to competitive loan options:

• Chartered Accountants Australia and New Zealand (CA ANZ)
• American Institute of Certified Public Accountants (AICPA)
• Institute of Chartered Accountants in England and Wales (ICAEW)
• Chartered Professional Accountants Canada (CPA Canada)
• Institute of Chartered Accountants of Scotland (ICAS)
• Chartered Accountants Ireland (CAI)
• Hong Kong Institute of Certified Public Accountants (HKICPA)
• South African Institute of Chartered Accountants (SAICA)
• National Association of State Boards of Accountancy (NASBA)
• Certified Generals Accountants Canada (CGA Canada)
• Chartered Accountants Sri Lanka (CA Sri Lanka)
• Chartered Institute of Management Accountants (CIMA)
• Chartered Institute of Public Finance and Accountancy (CIPFA)
• Institute of Certified Management Accountants of Sri Lanka (ICMASL)
• Institute of Certified Public Accountants in Ireland (CPA Ireland)
• Institute of Certified Public Accountants of Kenya (ICPAK)
• Institute of Chartered Accountants of Bangladesh (ICAB)
• Institute of Chartered Accountants India (ICAI)
• Institute of Chartered Accountants of Nepal (ICAN)
• Institute of Cost & Management Accountants Pakistan (ICMA Pakistan)
• Institute of Indonesia Chartered Accountants (IAI)
• Institute of Singapore Chartered Accountants (ISCA)
• Malaysian Institute of Accountants (MIA)
• National Federation of Certified Public Accountant Associations of the Republic of China (NFCPA)
• Philippine Institute of Certified Public Accountants (PICPA)

How This Helps You Access Better Loan Deals

As an accountant or finance professional with any of these qualifications, you are seen as a low-risk borrower by most lenders. Your membership in prestigious accounting bodies, both local and international, signals a proven track record of financial responsibility, making you eligible for premium home loan offers, such as waived LMI, higher borrowing capacity, and discounted rates.

If you’re unsure whether your professional designation qualifies you for these exclusive benefits, Zenith is here to help. We can verify your eligibility based on your qualifications and connect you with the right lenders offering the best terms tailored to your profession.

Applying for a home loan as an accountant can be a straightforward process with an experienced mortgage broker by your side. Follow these 5 simple steps to get started:

1. Consultation: Speak with our experienced brokers at Zenith to discuss your needs and assess your eligibility for accountant-specific home loans. During the consultation, our team will explain the various home loan options available and help you decide which one best fits your goals.
   
   
2. Submit Documents: Provide the required documentation, including payslips, tax returns, and any other financial statements. These documents provide us with the information needed to verify your income and assess your borrowing capacity.
   
   
3. Loan Application Review: Lenders will evaluate your documents, assess your income, and calculate your borrowing capacity based on the information provided. They will also look at your credit history, liabilities, and other financial commitments to ensure that you are able to comfortably service the loan.
   
   
4. Get Pre-Approval: Once your loan is assessed, you will receive a pre-approval letter, giving you clarity on your home-buying power. This step is critical as it confirms the amount you can borrow, helping you search for properties within your budget.
   
   
5. Final Loan Approval & Settlement: The lender will conduct a final assessment of your property to ensure it meets their lending criteria before completing the loan approval process. Once your loan is approved, and the funds are released, you could be moving into your home sooner than you think.

Zenith is a specialist mortgage broker in securing the best home loan deals for accountants. Here’s why you should choose us:

1. Exclusive Deals for Accountants: We offer access to exclusive home loan options with waived LMI and discounted interest rates. Our strong relationships with lenders ensure that you receive the best possible loan terms based on your specific profession.
   
   
2. Access to Multiple Lenders: We work with a range of lenders, ensuring you get the best possible deal for your circumstances. We compare multiple loan options, saving you time and effort while helping you secure the best rates and terms.
   
   
3. Simple, Hassle-Free Process: From consultation to settlement, Zenith simplifies the home loan process, handling all the details so you don’t have to. Our team will assist with everything from document submission to liaising with lenders, ensuring a smooth, efficient process.
   
   
4. Expert Guidance: Our team of mortgage experts understands the unique needs of accountants. Whether you’re self-employed or working in a partnership, we’ll offer personalised guidance to help you achieve your home ownership goals and/or refinancing for better rates and terms.
   
   
5. Proven Track Record: Zenith has a proven track record of helping accountants secure the best deals. Our clients consistently benefit from our in-depth knowledge of the home loan market and our ability to negotiate exclusive terms on their behalf.

Yes, as long as they meet the eligibility criteria, such as holding a CPA or CA certification and demonstrating a stable income, most accountants can access LMI waivers.

Accountants can typically borrow larger amounts than the average borrower due to their high income and stable profession. Your borrowing capacity will depend on your financial situation, the lender’s requirements, and your credit profile.

Many of Australia’s leading banks and lenders offer home loans specifically for accounting professionals, including options with waived LMI and discounted interest rates. Zenith has strong relationships with these lenders, giving you access to the best deals.

The main documents required include proof of identity, income (e.g., payslips or tax returns), and details of any existing debts or assets. Our team will give you a detailed list of documents to provide to ensure a smooth application process.

Yes! Self-employed accountants can still access these benefits, though they may need to provide additional documentation to demonstrate financial stability. Self-employed accountants often need to show two years of financial records or tax returns to qualify for the best home loan options.