HOME LOANS FOR PARAMEDICS
Emergency Services Credit Policy
Has been amended to increase full time emergency services workers borrowing capacity. This means you can borrow more.
Paramedics & ambulance officers can now include overtime, penalty payments, vehicle allowance, industry specific payments, and shift allowances.
These non base incomes are now assessed at 100%.
Any pre-tax or salary deduction will be treated as per the previous standard practice.
Interest earned, dividend income or bonuses will be assessed at 80%.
Why Does This Matter for Paramedics?
You can lean on the emergency services policy when you do not met serviceability as a standard PAYG applicant.
Helps you get your loan across the line.
Paramedic & Ambulance Officer Borrowing Power
Up to 100% with a no deposit loan.
105% with a guarantor. That is 100% of property value + purchasing costs.
Special interest discounts if borrowing less than 80% property value.
Criteria for Paramedic & Ambulance Officer?
Front line paramedics currently stationed at their duty stations.
Employed by same employer for at lest 12 months, unless change is due to promotion. Will need an employment letter if have changed within the last year.
Documents to Provide
1 year-to-date payslip covering 2 pay cycles OR 2 last consecutive payslips.
AND -
Latest PAYG summary or last tax return & notice of assessment.
Matthew Stack
matthew@mortgagebrokerrevesby.com.au
0423 237 242
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