Home Loans for Accountants
Many accountants take out a home loan through their existing bank and never think twice about it. They go through a standard assessment, either pay Lenders Mortgage Insurance (LMI) or wait until they've saved a larger deposit, often without knowing their professional qualification may have entitled them to better terms.
At Mortgages Plus, we work with employed accountants, practice partners, and self-employed accounting professionals to identify what's available to them, match them with the right lender, and handle everything through to settlement. No upfront fee.
What Makes a Home Loan for Accountants Different?
Accounting professionals are among the more attractive borrowers in the Australian mortgage market. Stable employment, consistent income progression, and historically low default rates mean a number of lenders have built specific products to compete for their business.
Depending on your circumstances and the lender, these benefits include:
- LMI waived up to 90% LVR through major lenders, while select lenders may offer higher LVRs in certain circumstances.
- Discounted interest rates through professional package products, typically 0.10% to 0.30% below standard variable pricing
- Higher loan limits with certain lenders
- Preferential terms for investment property purchases
- Loan structures through a company or trust, subject to lender-specific conditions
Having LMI waived on a higher-value purchase can make a real difference. It may allow you to buy sooner, retain more savings, or borrow with a smaller deposit, all while keeping your overall financial position stronger.
To put this in context: on an $800,000 purchase at 90% LVR, LMI would typically cost between $15,000 and $25,000 (as of July 2026, confirm current terms with your broker). For accountants who qualify for a waiver, that cost is removed entirely.
Why Accounting Professionals Work With Mortgages Plus
Advice Built Around Your Income Structure
Employed accountants, practice partners, and self-employed professionals all have different income structures, and lenders assess them differently. Tax minimisation strategies can also affect borrowing capacity. We identify lenders that assess your income accurately, helping present your financial position correctly and maximise your borrowing potential before applying.
Why it matters
Submitting to the wrong lender leaves a credit enquiry on your file. We identify the right fit first.
Access to Lenders Who Work Well for Accountants
LMI waivers for accountants are available through a range of lenders, but eligibility criteria and terms vary. LVR limits, income requirements, accepted professional bodies, and investment property policies differ between lenders. With access to 50+ lenders, we identify suitable options and manage eligibility checks, documentation, and coordination throughout the process.
Why it matters
Lender policies on professional products change regularly. We check current policy before anything is submitted.
Straightforward Process, No Cost to You
We walk you through what you qualify for, the realistic timeline, and what to expect at each stage. Lenders pay our commission at settlement, so there's no fee for our service. Mortgages Plus has 100+ five-star Google reviews from clients across Australia, many of whom return when they're ready to invest, refinance, or buy again.
Why it matters
You get access to 50+ lenders and a broker who manages the process end-to-end, at no cost to you.
Common Home Loan Challenges for Accountants
Accounting professionals are well-regarded by lenders, but the application process still has specific friction points. Our brokers anticipate these and work through them before they become problems.
Professional Body Membership and Eligibility
The LMI waiver for accountants is based on your professional designation, not your job title or degree alone. Active membership of a recognised body is required at the time of application. Accepted bodies across most lenders include Chartered Accountants Australia and New Zealand (CA ANZ), CPA Australia, and the Institute of Public Accountants (IPA), with the CFA Institute and the Institute of Actuaries of Australia also recognised at a number of lenders.
Self-Employed Income Assessment
Self-employed accountants and practice partners typically need two years of personal tax returns and business financial statements. Income is assessed on net profit plus allowable add-backs, not revenue. Presenting this correctly makes a direct difference to your assessed borrowing capacity, and lenders vary significantly in how they treat add-backs, trust distributions, and partnership drawings.
Income Thresholds and What Counts
Some lenders apply a minimum income threshold of around $120,000 to $150,000 gross, depending on the lender and state. Others have no stated income floor. Rental income counts toward the threshold at most lenders. We confirm the applicable requirements and your eligibility before any application is submitted.
Applications Not Linked to Professional Status
The benefits available to accounting professionals are not automatic. Your application needs to clearly establish your current membership status with the correct supporting documentation. Without that, most lenders assess you as a standard borrower. We prepare your application so that the connection is made from the start.
Multiple Credit Enquiries
Going directly to multiple lenders means multiple credit enquiries on your file, each visible to subsequent lenders. A single broker managing your application through one structured process protects your credit file throughout.
Working With Accountants Across Australia
Based in Manly on Sydney's Northern Beaches, we work with accountants and accounting professionals across Greater Sydney and regional NSW, including the North Shore, Inner West, Central Coast, and Hunter Valley. We also assist accounting professionals throughout Melbourne, Brisbane, Perth, Adelaide, and the ACT.
Frequently Asked Questions
Do accountants get better mortgage rates?
Yes, at many lenders. Accounting professionals with active CA ANZ, CPA Australia, or IPA membership are eligible for professional package products, which typically include rate discounts of 0.10% to 0.30% below standard variable pricing, plus waived establishment and annual fees. This applies to both new purchases and refinances, but requires your professional status to be established in the application.
Are accountants exempt from LMI?
Not exempt, but eligible for a waiver at many lenders. Most major lenders waive LMI for eligible accountants borrowing up to 90% LVR, and some extend this to 95% LVR in certain circumstances. On a $900,000 purchase at 90% LVR, LMI typically costs between $18,000 and $28,000. We confirm current waiver eligibility before anything is lodged.
How much can I borrow for a home loan as an accountant?
Borrowing capacity depends on your income, existing commitments, and the lender's serviceability assessment. Self-employed accountants sometimes find their assessed capacity lower than expected because taxable income understates actual cash available for servicing. We assess your full income position, including applicable add-backs, to give you an accurate borrowing figure up front.
Can self-employed accountants access the LMI waiver?
Yes. Self-employed accountants with current CA ANZ, CPA Australia, or IPA membership can access the waiver on the same basis as employed accountants. Two years of personal tax returns and business financials are typically required. The waiver is tied to your professional designation, not your employment type.
Can I refinance to access professional package benefits I didn't receive on my original loan?
Yes. If you went through a bank that didn't identify your professional eligibility, you may be paying more than your current status warrants. Refinancing gives you access to professional package pricing and any LVR improvement since your original loan. Find out more about home loan refinancing with Mortgages Plus.
Is a home loan for an accountant better than a standard loan?
In most cases, yes, provided your application is structured correctly and submitted to the right lender. Together, an LMI waiver and a professional package rate discount represent a genuine financial advantage. Neither benefit is automatic, and not every lender offers both to accountants. We identify the strongest combination of terms for your situation.
How do lenders assess income for a home loan for an accountant?
Employed accountants are assessed on gross base salary. Self-employed accountants and practice partners are assessed using two years of tax returns and business financials, with income based on net profit plus allowable add-backs. Partnership drawings and trust distributions need separate documentation. The figure on a tax summary notice is often lower than the lender's final assessed income.
Do accountants get higher borrowing power?
Not automatically, but stable income and access to professional packages mean many accountants borrow more than they initially expect. For self-employed accountants, how income is presented often matters more than the raw figure. If building a portfolio is part of your plan, find out how we approach investment lending.
I'm an accountant buying my first home. Where do I start?
The process follows the same broad steps as any first purchase, but your profession opens up options that most first-home buyers don't have access to, particularly around deposit size and LMI. Find out how we work with first home buyers, from deposit requirements through to settlement.
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