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Your role as a police officer places you among Australia’s most trusted professionals, and that trust extends to specialised home loan options tailored to your needs. Designed to recognise law enforcement officers’ unique financial circumstances, these options empower you to achieve homeownership or expand your property portfolio.
At Ausfirst Lending, we specialise in helping police officers like you navigate these mortgage options. Our experienced brokers understand the specific requirements of law enforcement professionals and work closely with you to find the best loan structure to suit your goals. From maximising your borrowing potential to ensuring a seamless application process, we’re here to guide you every step of the way.
While law enforcement home financing provides significant benefits, there are some challenges and risks you must consider to better navigate the home loan process and make informed financial decisions:
A significant portion of a police officer’s income often comes from overtime. Any reduction in shifts or workload could impact your ability to meet loan repayments. Additionally, note that some lenders only recognise up to 80% of your overtime income, which may limit your borrowing capacity.
To qualify for home loans for law enforcement personnel, you typically need to meet the following criteria:
You must have stable employment within a law enforcement role. Whether you’re a police officer, detective, forensic specialist, or part of a specialised unit, lenders value the steady and reliable income associated with these roles.
Maintaining a strong credit record with no major defaults is essential, as lenders assess your credit report to determine your financial responsibility and ability to manage repayments effectively.
A savings history can help you purchase a home. If your savings are low, there are alternative options, such as security guarantors or government grants, that may assist in the process.
The property you’re planning to buy must fall within approved categories, which may vary per lender.
Lenders require detailed documentation to verify your income and financial stability. Usually, you’ll need to provide:
Navigating the home loan process as a police officer shouldn’t be complicated. At Ausfirst Lending, we’re here to make the journey hassle-free so you can focus on your career.
Our team of expert brokers understands the financial nuances of law enforcement professionals, from shift work income to salary packaging. We’ll help you achieve your homeownership goals as seamlessly as possible.
We are proud to partner with the Queensland Police Legacy Scheme in support of their invaluable work. For every completed lending transaction of over $300,000 in net lending, Ausfirst Lending will make a donation of $100 per $100,000 to the Queensland Police Legacy, helping them provide financial and emotional support to the families of deceased Queensland Police officers.
This partnership ensures that every loan you take through us also gives back to those who have given so much to their community.
When you choose Ausfirst Lending, you are not only securing the best loan solutions tailored to your needs but also supporting the well-being of the Queensland Police family.
Police home loans recognise the stability and unique financial needs of law enforcement professionals. They often include benefits, such as consideration of overtime and allowances in your assessable income.
Yes, police home loans are accessible to law enforcement professionals across all states and territories, including federal police and border force officers. These benefits extend to various roles, such as detectives, forensic officers, and mounted police.
Overtime often forms a significant part of police officers’ income. Many lenders accept 100% of your overtime income if you provide consistent evidence, such as an employment letter and payslips showing regular earnings.
Yes, as a police officer, you can actually borrow up to 95% of the property value without a guarantor. If you have a guarantor, this can further increase, allowing you to cover the purchase price and associated costs like stamp duty.
Yes, certain lenders consider salary packaging benefits, such as novated leasing or allowances, as part of your assessable income.
Police home loans generally apply to standard residential properties in metropolitan or select regional locations.
You’ll need recent payslips, a letter from your employer confirming income and overtime details, your latest tax return or payment summary from MyGov, and evidence of genuine savings. These documents help lenders assess your financial stability and borrowing capacity. This varies on each loan application. What is here is more just a starting point. Brokers can help people so they know what to provide.
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Ausfirst Lending Group Australian Credit Licence Number: 387366 | ABN: 68 845 798 048
Finsurance Pty Ltd t/a Ausfirst Lending Group credit representative number 414391. Finsurance Pty Ltd is a credit representative of Oshawa Pty Ltd Australian Credit Licence number 387366. AFCA 42404
Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product.
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