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 IT professionals 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 IT professional? We're here to help.

Benefits of home loans for engineers

No Lender's Mortgage Insurance (LMI)

Burrow up to 85% 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.

Larger borrowing amounts

Borrow up to 95% of your property’s purchase price with no penalties as a low-risk borrower and highly valued professional.

Lower interest rates

Receive special discounted interest rates as an IT professional. These rates could be lower than those advertised by your lender.

Discounts, cashbacks and other offers

Receive special discounts, cashbacks and other offers as a professional when you buy your first home, refinance or invest in property.

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

Do you qualify for a home loan?

As an IT professional, it is likely you will be eligible for a home loan due to your rapidly growing industry and your secure income. However, if you are looking for home loans for professionals, you may be required to meet some additional criteria.

One of the main benefits home loans for professionals have is that they often waive their LMI, saving you thousands of dollars. If you want to be eligible for this offer, you must prove you have:

  • Current employment as an IT professional
  • Remained with your current employer for at least one year or have worked as an IT professional for at least two years
  • Sufficient funds for a 15% deposit, with 5% of this deposit in genuine savings
  • A clean credit history/credit file with no defaults, bankruptcies, etc.
  • A stable financial position in order to meet general credit lender policy


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

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 IT professionals.

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

What benefits are IT professionals getting with BFG

Average interest yearly savings
Invested per customer to an environmental charity

What benefits are lawyers getting with a mortgage broker?

We know as an IT professionals 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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