Are You a Teacher Looking for a Home Loan?
We are here to help you buy your first home or refinance for better rates
- 2-10% deposit to buy a home
- Special rates as low as 4.89%
- No LMI for teachers & educators
- Get up to $3,000 cash back
- We have a 99.7% approval rate
We Are Mortgage Brokers for Teachers
We work with teachers on a daily basis. We understand how to maximise borrowing capacity and increase the chances of loan approval for teachers.
Why go directly to a single bank when you can go to mortgage brokers who specialise in home loans for teachers?
With access to over 50 banks, we do all the heavy lifting to help you find the best deal on the market whether you are a first home buyer, a seasoned investor, looking to refinance for better rates or release equity.
Looking to Buy or Refinance?
Complete this form and we’ll be in touch for a free assessment. It does not affect your credit score and there’s no impact on your credit report.
Some of Our Lenders
The Zenith Difference
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| Your own dedicated lending advisor |  |
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| Negotiate your rate multiple times annually | |
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| Access to over 50 different lenders | |
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| Access to over 1000 different loan products | |
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| Free detailed property reports | |
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| 100+ 5-star Google reviews | |
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| Services are free of charge | |
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| Fully managed end-to-end process | |
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| Available 7 days a week, Australia-wide | |
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| Priority status with banks for quick outcomes | |
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| Expert guidance and advice | |
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What Other Teachers Say About Us
Why Choose Us For Your Home Loan
Expertise Across the Education Sector
At Zenith, we specialise in helping all types of educators, including school teachers, early childhood educators, vocational trainers, and university staff. We understand the education profession is diverse, with varying employment types, pay structures, and responsibilities outside standard classroom hours. Our team knows how to present your unique work situation to lenders in a way that strengthens your application.
Early Childhood Educators
Many early childhood educators work in centres with varying shifts, part-time hours, or casual contracts. Some lenders struggle to recognise this as stable employment. We know how to present your role to show long-term reliability and ensure that income from allowances, split shifts, and additional duties is fully considered.
Primary and Secondary Teachers
If you work in a school, you may have temporary or fixed-term contracts, or even work as a casual relief teacher. These roles can sometimes make it harder to get loan approval. We know how to demonstrate your employment consistency across different schools or contracts, and we ensure that allowances for leadership, yard duty, and extracurricular activities are properly factored in to boost your borrowing power.
Vocational and University Staff
Working in TAFE, vocational training, or university can often involve contract roles, research positions, or fluctuating teaching loads. Lenders may misinterpret this as unstable income. We know how to present your work pattern to highlight ongoing employment, and we can help ensure that income from multiple sources, including tutoring and project work, is properly included.
Income From Allowances, Overtime, and Holiday Loading
Across all education roles, additional income such as leadership allowances, extracurricular payments, or holiday loading can significantly impact your borrowing power. Many lenders either overlook these or apply strict reductions. We know how to maximise the recognition of these extra earnings to strengthen your application.
Access to Teacher-Friendly Lending Options
We have strong relationships with lenders who offer tailored deals for educators, including lower deposit requirements, discounted LMI, and competitive interest rates. We’ll help you find the best loan options available to you.
Ongoing Support for Life
We proactively review your home loan every six months to ensure you always have a competitive rate. This happens automatically in the background with no action required from you. You can trust that your home loan is in good hands and always working for you.
Our Proven Process
Discovery
We discuss your situation, the goals you're wanting to achieve, and assess how we're able to help you.
Assessment
We review your documents, research solutions, and present the best options to you. Once you agree to proceed, we prepare your loan application.
Lodgement
We lodge your loan application and monitor its progress. Once approved, we assist with reviewing and signing your loan contracts.
Support
Once your loan has settled, you join the Zenith family! We provide ongoing support and review your loan to match your changing needs.
First Home Buyer? We’ll Help Finance Your Home
With over 1000+ loans approved and with access to over 50 different lenders, our brokers can help you pick the best home loan to maximise your options. From choosing the lender that works with you or leverages government incentives and tax concessions, you can make well-informed decisions when financing your first home purchase. We are here to guide you and hold your hand throughout the entire process.
How Much Deposit Do I Need?
Traditionally most banks require a minimum of 20% deposit for you to avoid the need to pay Lenders Mortgage Insurance (LMI). As a first home buyer you may be able to put down as little as 2-5% deposit and avoid paying LMI by utilising home guarantee schemes.
In addition, you can further reduce the amount of funds required for your first home purchase through various state specific schemes and grants. Your eligibility depends on the property location, property price and type of property, so it is important to speak to one of our mortgage brokers to understand what schemes may be applicable to you.
First Home Guarantee (FHBG)
The First Home Guarantee is a government-backed initiative designed to help eligible first-time homebuyers step onto the property ladder with ease. The FHBG allows you to secure your first home with just a 5% deposit, without the added cost of LMI. This means you can buy sooner and with less upfront deposit.
Family Home Guarantee (FHG)
The Family Home Guarantee is designed to assist single parents with at least one dependent child in buying a home with a deposit as low as just 2%. Available for both new and existing homes across Australia, the scheme makes homeownership more accessible for those who need it most.
Regional Home Guarantee (RFHBG)
The Regional Home Guarantee is an initiative aimed at making homeownership more accessible in regional areas. It allows eligible buyers to purchase a new or existing home in regional locations with just a 5% deposit. This scheme is open to both first home buyers and those who have previously owned a property but are currently without one.
Stamp Duty Exemptions
Stamp duty, also known as transfer duty, is a one-time tax applied when you purchase a property.
The amount of stamp duty depends on the property’s value. Each state in Australia has its own stamp duty concessions and eligibility requirements.
First Home Super Saver Scheme (FHSSS)
The First Home Super Saver Scheme allows you to withdraw voluntary contributions from your superannuation to use for your home deposit, provided you meet the eligibility criteria. You can apply to release up to $15,000 from one financial year, with a maximum of $50,000 across all years.
- Top-Rated Mortgage Brokers in Australia
- High Approval Rate over 1000+ loans
- Direct access to 50+ banks & lenders
Schedule a consultation with one of our home loan experts
Lenders Mortgage Insurance is required by lenders when a borrower provides a deposit of less than 20% of the property’s value.
- Purpose: LMI protects the lender if the borrower defaults on the loan and the sale of the property doesn’t cover the outstanding loan balance.
- When Required: This insurance is usually mandated when the loan amount exceeds 80% of the property’s value.
- Cost: The cost of LMI varies depending on the loan amount, property value, and deposit size. It can be paid as a lump sum at settlement or added to the loan amount, increasing the total interest paid.
- Benefits: LMI allows borrowers to purchase a property sooner by lowering the deposit requirement.
Essential documents that you need to prepare when applying for a home loan include:
- Identification (licence, passport and Medicare etc.)
- Latest credit card and bank statements
- Latest two consecutive payslips for PAYG applicants
- Latest statement of assets and/or liabilities
- Income tax returns for the last 2 years (for self-employed individuals)
- Notice of Assessment & Financial Statements (self-employed individuals)
Lenders will assess your financial position to ensure that you can comfortably manage the loan repayments. Every lender’s formula for calculating borrowing power may be slightly different. Usually, they’ll take the following into consideration:
- Your income, which can include bonuses, commissions and overtime
- The number of dependents in your family
- The secured and unsecured debts you hold (e.g. credit cards, personal loans or car loans)
- Your living expenses
As a first home buyer, there are several key things you should know to make the process smoother and more successful:
- Budgeting: Understand your financial situation and set a realistic budget. This includes your income, expenses, and savings.
- Government Incentives: Research available grants and incentives for first home buyers, such as the First Home Guarantee and stamp duty concessions.
- Loan Pre-Approval: Getting pre-approved for a home loan can give you a clear idea of your borrowing capacity and show sellers that you are a serious buyer.
- Credit Score: Maintain a good credit score by making repayments on time. This can improve your chances of loan approval.
- Research: Familiarise yourself with the local property market, including property prices, trends, and areas of interest. Contact us to obtain a free property report.
- Professional Advice: Consider seeking advice from a mortgage broker, financial advisor, or real estate agent to guide you through the process.
- Property Inspection: Always have a professional inspection done on the property to identify any potential issues.
- Legal and Financial Checks: Ensure all legal and financial checks are completed before finalising the purchase.
We can get you in touch with our trusted accountants, financial advisors, conveyancers and building inspectors.
Zenith is the #1 mortgage broker for nurses and first home buyers in Australia. We are a team of mortgage brokers with decades of lending experience. We love learning about your ambitions and goals and are passionate about arranging the finances to help you make them a reality.
We are here to simplify the whole mortgage process for you. We do all the heavy lifting to match you with the right mortgage solutions. If finance is not quite possible for you yet, we will be upfront and honest, providing you with tailored advice to help set you on the right track.
Teacher Case Studies
Client Profile:
Adriana, is an early childhood teacher working full-time at a long day care centre in Brisbane, earning $72,000 annually. She had been in her role for over 4 years and was looking to improve her financial position through refinancing.
The Goal:
She wanted to refinance her home loan to take advantage of lower interest rates, reduce her repayments, and simplify her loan structure. As a single borrower on a teacher’s income, maximising savings was key.
Our Strategy:
- Matched her with a lender offering a sharp rate at 80% LVR, with no additional loading or restrictions
- Prepared a strong application highlighting her stable income and consistent employment history
The Result:
- Her rate dropped from 6.19% to 5.49%, saving her over $3,700 per year in interest
- Received a $2,000 cashback to help cover refinance costs and increase her savings
- Improved her monthly cash flow with a more manageable repayment and flexible loan features
Conclusion:
For teachers looking to refinance, the right lender can make all the difference. By understanding the profession and matching her to a suitable lender, we helped her save thousands and regain financial breathing room. If you’re in education and paying too much, we can help you refinance with confidence.
Client Profile:
Erica, a primary school teacher with 5 years of experience, working at a Sydney public school earning $105,000 annually. Her income included base pay, leadership allowances, and regular after-school tutoring.
The Challenge:
Her bank told her she could only borrow $540,000, which wasn’t enough to purchase in her preferred area. The bank had excluded all her allowances and tutoring income, even though these were consistent and a regular part of her earnings.
Our Strategy:
- Used a 6-month income history to demonstrate consistent leadership allowances and after-school tutoring income
- Compiled a strong application with employment letters, payslips, and bank statements to prove income stability and reliability
The Result:
- Increased her borrowing capacity to $645,000 by ensuring 100% of her income was fully considered
- Secured a pre-approval within 5 business days
- Accessed a competitive interest rate, offset account, and a lender cashback offer
Conclusion:
She was able to confidently purchase the home she wanted. Our expertise in supporting teachers and understanding education income structures made all the difference. When it comes to helping educators buy property, we know how to get it done.
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Frequently Asked Questions
Partnering with a mortgage broker like Zenith can significantly streamline your home loan journey. We provide expert advice on loan products carefully tailored to your unique financial situation. By handling the legwork, comparing multiple options, managing paperwork, and negotiating better terms, we save you valuable time and help identify potential hidden fees. As we are not tied to any single lender, we can select the best loan for your needs, ensuring you secure the most suitable deal. Additionally, we proactively review your interest rate multiple times per year to ensure you remain on the most competitive rate available, maximising your savings and giving you long-term peace of mind.
Our services are provided at no cost to you. We receive compensation directly from the lender you choose once your loan is settled, ensuring that you can explore your options without incurring any upfront fees.
Each lender has unique criteria and requirements that must be met before they approve a loan. Our team takes the time to thoroughly analyse your credit history, income situation, and the specific strengths and weaknesses of your financial circumstances. This allows us to match you with the most suitable lender and loan package tailored to your needs. Our experienced professionals will provide you with comprehensive information, ensuring you have everything necessary to make an informed decision.
To begin, we’ll work closely with you to understand your goals and objectives. We’ll then gather and review all necessary supporting documents to ensure we have a comprehensive understanding of your situation. Once we have sufficient information to make a personalised recommendation, the next step will depend on the chosen lender’s processing timeline. This can vary from several weeks to a few months, which is why we strongly advise initiating the process as early as possible, especially when it comes to property purchases, where timing can be crucial.
You may not always qualify for financing from a specific bank. After assessing your unique situation, we’ll work to find you the lowest possible interest rate from eligible lenders. While interest rates are important, they’re just one piece of the puzzle. We’ll also help you consider all other fees and features associated with each loan option, ensuring you have a complete understanding of your choices and can make an informed decision that best suits your needs.
Typically, lenders require a minimum deposit of 5% of the property’s purchase price to secure a home loan. However, in some cases, it may be possible to proceed with a lower deposit. Keep in mind that if your deposit is less than 20% of the property’s price, you may need to pay Lenders Mortgage Insurance (LMI), unless you qualify for an LMI waiver or apply for a family guarantee. Contact us to explore your options and determine the best approach for your situation.
We have successfully helped thousands of teachers