Benevolence Financial Group (BFG) is now Open Home Loan. Start home loan rate tracking and let Open automatically shop around for you – over your loan duration. When your ideal rate is reached, we’ll ask your bank to match it. Choose to stay or switch in minutes. No effect on credit score. Start for free.

We save engineers an average of $40,000 on their home loans through special interest rates and discounts

Struggling to find your first home loan as a busy engineer? We're here to help.

Benefits of home loans for engineers

No Lender's Mortgage Insurance (LMI)

Burrow up to 90% of your property’s value and pay no LMI. A $1.2 million property creates an LMI amount of around $25,000, so paying no LMI can save you thousands.

Lower deposit

Supply a 10% rather than 20% deposit and remain eligible for great loans, discounts and other offers.

Lower interest rates

Negotiate better interest rates than those advertised to other borrowers with your annual income, savings and year of experience as an engineer.

Discounts, cashbacks and other offers

Recieve specialised discounts and other as an engineer when applying to certain lenders.

Struggling to find your first home loan as a busy engineer? We're here to help.

Do you qualify?

Most lenders do not distinguish between the different types of engineers. All members of the industry can apply for and recieve specialised home loans for engineers alongside other discounts and offers.

For some professions within the industry, lenders may have additional criteria you will need to meet in order to be eligible for their specialised loans. This usually required proof that you have a membership of a recognised association in your industry:

Your profession

Your required membership/s

Mining engineer

A current member of Engineers Australia


A current member of the Institution of Surveyors in the state where ou work or the Surveying and Spatial Siences Institute of Australia

Mine surveyor

A current member of the Australian Institute of Mine Surveyors (AIMS)

Quantity surveyor

A current member of the Australian Institute of Quantity Surveyors

Geologist and Geophysicist

A current fellow of the Australian Institute of Geoscientists (FAIG)

Remember, different lenders require different document in order to approve your application. You may not required to be a member of these associations to be approved by some lenders, so it’s important to research the specific requriements of the lender your’re appllying to before you submit your appliction.

If you are finding the process of gathering documentation and determining your eligibility difficult, we’ve created a checklist to help you apply for home loans for engineers.

If your’re finding the process of applying for a home loan overwhelming and time-comsuming, we can help you get in touch with a broker, who can support you with your home loan application for free.

What engineers are getting

Average interest yearly savings
Invested per customer to an environmental charity

What are the benefits of using a mortage broker when applying for your home loan?

We know as an engineer your occupation can be demanding and time-consuming. Whether you’re a first home buyer, looking to refinance or interested in investing, you may feel like applying for a home laon is too overwhelming to handle on your own.

that's where a broker can help. A broker will:

Research and Compare home loans across 30+ banks and lenders to find you the best possible deal for your current situation.

Provide you with personalised advice relevant to your situation to help you make a confident and informed decision about your home loan.

Assist you in developing and submitting your application to save you the hassle of researching and filling out complex paperwork.

Best of all, brokers provide these services free of charge. That’s right, for free. Once you’ve secured our home loan, we’re reimbursed by the lender you apply to for providing them with a dedicated customer who’s ready to buy.

Brokers can save you time, money and heartache. All it takes is the touch of a button.

How you can find out more?

As a busy engineer, you want information and support that is relevant and readily available. Whether your’re an engineer who’s a first home buyer, looking to refiannce or wanting to invest, we have specific information ready for you to discover.

Sometimes, it’s easier to speak to someone to directly about your home loan. Get in touch with one of our brokers for personalised advice at no cost to you.

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