Professional Athlete Home Loans

In the past, pro athletes found it difficult to get approved for a home loan because of the fluctuating nature of their income and the stability of their work contracts.

Today, eligible sports players can actually qualify for home loan discounts that aren’t available to the general public!

What discounts are on offer?

Eligible professional athletes may qualify for the following:

• Borrow up to 90% of the property value: Save thousands of dollars by avoiding the cost of LMI. Maximum loan size is $2 million.

• Borrow up to 95% of the property value: LMI will apply but you can still get a heavily discounted interest rate if you have stable employment and a high net worth. No maximum loan size applies.

• Interest rate: Discounted interest rates available.

• Minimum income: $150,000 as base salary but lenders will accept 100% of any rental income that you’re generating if required for approval.

• No genuine savings required: Only when borrowing at 90% LVR (Loan to Value Ratio) or less.

• Security: Buy for both owner occupied and investment purposes.

• Interest only term: Up to 15 years.

• Income protection may be required: Depends on loan size.

Read on to find out if you qualify or call us on 1300 889 743 to speak with one of our mortgage brokers.

Alternatively, you can complete our online enquiry form and we’ll get back to you.

How many lenders waive LMI for athletes?

With our assessment tool, you can obtain insights into the number of lenders providing waived LMI for athletes and discover the potential savings on LMI costs.

Are all sports players eligible?

Yes! The only requirement with the lender is that you have an accredited manager, agent or account.

The banks do not make any assessments based on the type of sport you play so these deals are available to you if you play or compete in the following sports:

• Olympics
• Cricket
• Rugby
• NRL
• AFL
• Soccer
• Golf
• Basketball
• Baseball
• Rowing
• Hockey
• Motor sports
• Cycling
• Tennis
• Surfing
• Equestrian
• Swimming

Not on this list?

That’s ok! This isn’t an extensive list. We may still be able to get you approved for waived LMI and an interest rate discount.

Apply for a mortgage

Our brokers are specialists in discounts on professional athlete home loans

To apply for a mortgage with us, contact us on 1300 889 743 or enquire online.

What if I'm retired?

If you’re still working in the sports industry, then you can still be considered for a professional athlete home loan.

It’s not uncommon for athletes to get involved in media and entertainment work during their time on the field and eventually take up a full-time television or radio career once they retire.

The good news is that select banks offer the same mortgage discounts to eligible entertainment professionals as well!

Can coaches get home loan discounts?

Yes! Whether you’re active or retired, coaches can be considered as long as they meet all income and servicing requirements.

What do most lenders think of pro athletes?

Professional athletes are treated as a high risk by most banks.

They’re particularly concerned that their employment is unstable since a contract can often be cancelled or not renewed for next season.

Serious illness or injury can put you out of work for a long time or even permanently.

As such, lenders have stricter guidelines when lending to professional athletes. Lenders will require that you:

• Have been playing professionally for at least two years.
• Have sufficient evidence of any income from endorsements.
• Provide proof of any other income.

How long should I have been playing professionally?

Most lenders will require you to have been playing professionally in the sport for at least two years.

Lenders require two years of playing professionally because your income may fluctuate from season to season, so they want to see if it is consistent in the long term.

If you have been playing for a shorter period of time then you may be able to get a home loan on a case by case basis.

What documents do I need to provide?

You’ll simply need to provide a copy of your current contract so the banks are confident that you’ve been competing for some time and your income will be ongoing.

The contract should include the date of expiry.

To prove that your income is consistent, you’ll also be ask to provide your most recent two years tax returns and a current payslip.

We can make the application process easy so please call us on 1300 889 743 or fill in our online enquiry form today.