Whether you’re buying your first apartment in the inner suburbs or upgrading to a family home in the east, home loans for engineers in Melbourne can be structured to suit your income, deposit size, and long-term goals.
You may be eligible for:
Engineers in Australia benefit from a strong professional reputation, stable income, and low credit risk—all factors that lenders value. As a result, many banks offer tailored home loan products for engineers, often with more favourable terms, including the potential to waive Lenders Mortgage Insurance (LMI).
Let's review the benefits and a short case study. Read More
Lenders Mortgage Insurance protects the lender, not the borrower. It’s typically required when borrowing more than 80% of a property’s value.
Profile: Sarah, Electrical Engineer, 5+ years experience, $120K salary
Challenge: Wanted to buy a $900K property in Sydney but only had 10% deposit
Outcome: Secured LMI waiver through AxJ Finance Brokers and purchased without the usual 20% deposit burden
Lenders generally accept professionals in the following disciplines:
Securing the right home loan as a legal professional is a key step toward building long-term financial security—but with complex income structures and time constraints, the process can quickly become a challenge. At AxJ Finance Brokers, we specialise in Home Loans for Lawyers, streamlining the experience with tailored lending solutions that match your career and financial goals.
With in-depth knowledge of the mortgage market and a strong understanding of the legal profession, we offer competitive rates and exclusive benefits—such as reduced documentation requirements or potential LMI waivers. Whether you’re purchasing your first property, upgrading, or looking to invest, we’re here to structure the right solution for you. Partner with AxJ and let us help you secure finance with clarity and confidence.
The Lenders Mortgage Insurance (LMI) waiver is one of the most valuable benefits available to engineers applying for a home loan. While most borrowers must pay LMI when their deposit is less than 20% of the property value, eligible engineers can often avoid this cost entirely.
This waiver is available through select lenders and is based on your professional standing, income level, and membership in a recognised engineering association.
If you're an engineer with less than a 20% deposit, the LMI waiver could significantly improve your borrowing power and reduce your entry costs. Not all lenders offer it, so using a broker who understands the policy variations is essential.
We’re excited to assist you in securing the perfect loan. New clients can conveniently apply online anytime, while existing clients are encouraged to call us for personalized support and expedited processing.
At AxJ Finance Brokers, we offer a premium mortgage brokerage service that takes the stress out of securing finance. We handle everything from start to finish, ensuring a seamless experience with expert guidance at every step. With access to over 40 lenders, our award-winning brokers secure competitive rates and structured loans, so you can focus on what matters while we take care of the rest.
Founder & Mortgage Broker
Jason is the principal finance broker at AxJ Finance Brokers. Prior to joining the mortgage industry in 2013, he worked with several real estate agencies and developers in sales and real estate market research.
Outside of the financial world Jason loves spending time with his family and walking the beautiful green areas Melbourne has to offer.
Operations Director
Audrey looks after our people and the culture of our company. She keeps everyone sane and ensures that our organisation is operating effectively.
Loan Processor & Administrator
Kate has been an integral contributor of Jason & Audrey’s team since 2017. She oversees all loan submissions, ensuring all bases are covered for our lenders to make a timely and informed decision on our submissions.
Whether you're an early-career graduate or a senior project lead, we offer finance options that grow with your career. Our expert brokers access over 40 lenders to match you with the right solution—be it for your first home, investment property, or refinancing strategy. Everything we do is designed to make the process clear, efficient, and effective.
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Check the Latest RatesIn addition to engineers, we help professionals across many fields—including doctors, teachers, nurses, legal practitioners, and more. Each profession comes with its own financial advantages, and we use that insight to craft smarter, more personalised lending solutions for every client.
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With decades of hands-on experience and deep market insight, our Melbourne-based founder delivers tailored financial outcomes for every client.
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Yes, many engineers are eligible for LMI waivers with select lenders. This benefit can significantly reduce your upfront costs when purchasing a home.
Yes, engineers may qualify for professional home loan packages with competitive interest rates, reduced fees, and waived LMI depending on the lender and their qualifications.
Engineers are often seen as low-risk borrowers by lenders, which can help them access more competitive rates and better loan terms. A mortgage broker can help you navigate these options.
Banks such as ANZ, NAB, and St. George may offer LMI waivers for eligible engineers. Criteria varies by lender, so it’s best to work with a broker to identify the right fit for your situation.
Securing the right home loan as an engineer can be a game-changer for your long-term financial plans, but the process isn’t always straightforward. At AxJ Finance Brokers, we specialise in Engineer Home Loans—streamlining the entire journey so you can focus on building your future.
With our in-depth knowledge of the mortgage market and the unique needs of engineers, we provide tailored loan solutions with competitive rates and engineer-specific benefits, such as waived LMI for eligible professionals. Whether you’re buying your first home, upgrading, or refinancing, we structure our services to align with your career and financial goals. Take control of your homeownership journey today—contact AxJ to explore the best loan options for engineers.
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AxJ Finance Brokers, a trusted mortgage broker in Melbourne, specialises in providing personalised loan solutions to help you navigate the dynamic property market with ease. Led by principal broker Jason, our team is dedicated to delivering tailored, responsive, and proactive mortgage services, ensuring your financial journey is smooth and successful.
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