Home Loans for Professional Athletes

How Much Can Athletes Borrow?

There are a few options that are available to professional athletes, which are explained below. Consider which is the most suitable for your situation, and if you need some free advice, contact the experts at Eden Emerald Mortgages.

Borrow up to 90% of the property value with NO LMI

Borrowing 90% Loan-to-Value Ratio (LVR) with no Lender’s Mortgage Insurance (LMI) is an attractive option for professional athletes, as it allows them to purchase property with a manageable 10% deposit while avoiding the significant cost of LMI. This benefit can save athletes tens of thousands of dollars, making homeownership or property investment more accessible.

The property must typically be a residential property and can be either a Principal Place of Residence or as an investment property, offering flexibility whether you are buying a home to live in or planning for long-term financial growth through real estate. This policy recognises the high earning potential of professional athletes and allows them to leverage their income effectively without the burden of additional fees.

Borrow up to 95% of the property value (Discounted LMI)

Professional athletes can borrow up to 95% Loan-to-Value Ratio (LVR), making it easier to secure a property with a smaller deposit. While LMI applies, some lenders provide a discount due to the athlete’s high earning potential and unique financial profile. Athletes with stable contracts or significant net worth are particularly well-positioned to access this benefit, as lenders view them as lower risk despite the higher LVR.

Another advantage is that there is no maximum loan size for these options, allowing professional athletes to purchase high-value properties without additional constraints. Whether buying a primary residence or an investment property, borrowing at 95% LVR with discounted LMI enables athletes to enter the market sooner, without the need to save for a larger deposit. This flexibility ensures athletes can leverage their current earnings to build wealth through property while benefiting from manageable repayments and favourable loan terms.

Borrow up to 110% of the property value

Professional athletes can borrow up to 110% LVR with the help of a guarantor, covering not only the property’s value but also additional costs like stamp duty and solicitor fees. This option is especially beneficial for athletes who may not have a deposit saved but want to fast-track their journey to homeownership or investing in property. By leveraging the equity in the guarantor’s property as additional security, athletes can avoid paying Lenders' Mortgage Insurance (LMI), saving tens of thousands of dollars while accessing full financing for the purchase.

While this option is advantageous, it also carries substantial risks. If you fail to meet your mortgage repayments, the guarantor’s property could be at risk, potentially requiring them to cover repayments or face foreclosure. For this reason, it’s crucial for both parties to thoroughly understand the obligations and risks involved. Professional advice from a mortgage broker can help you to decide whether this option is a good financial strategy for your situation.

What Are The Minimum Requirements To Qualify for an Athlete Home Loan?

To qualify for an athlete home loan, most lenders require you to have been playing professionally in your sport for at least two years. This timeframe allows lenders to evaluate the consistency of your income, which can fluctuate due to seasonal changes or variable contracts. Athletes with less than two years of professional experience may still qualify on a case-by-case basis but will need to demonstrate financial stability through additional documentation. A current contract is essential, as it reassures lenders that you’ve been actively competing and that your income is likely to continue. The contract should clearly state the terms, including the date of expiry and you need an annual salary of at least $120,000.

In addition to a valid contract, you’ll need to provide evidence of consistent income. This typically involves submitting your most recent two years of tax returns and a current payslip. These documents help lenders assess your financial stability and ability to manage mortgage repayments. By meeting these requirements, professional athletes can demonstrate reliability and access home loan options that fit their unique financial circumstances. Since each lender has different requirements (which can change frequently), the best way to get started is to speak to a mortgage broker who specialises in professional athlete home loans. At Eden Emerald Mortgages, a broker will compare all the available options for you and guide you through the entire home loan process. Click the button below to get in touch.

What If I am a Retired Athlete?

If you’re a retired athlete but still working in the sports industry, such as coaching, media, or entertainment, you may still qualify for a professional athlete home loan. Many athletes transition into roles like broadcasting, commentary, or coaching after their playing careers, maintaining a stable income within the industry. The good news is that select banks extend the same mortgage benefits and discounts to eligible entertainment professionals, recognising their continued involvement in a high-profile field. This ensures retired athletes can still access favourable home loan terms while leveraging their ongoing career in sports or entertainment. Speak to a top mortgage broker who specialises in home loans for athletes to see how they can help you with your situation.

Which Professional Athletes are Eligible?

There are a wide range of sports players and athletes that can qualify for No LMI home loans, with the main requirement being that you have an accredited manager or agent. Listed below are the most common sports that apply for LMI waivers.

• Olympics
• Tennis
• Basketball
• Rugby League
• Rugby Union
• Soccer
• AFL
• Golf
• Swimming
• Diving
• Netball
• Volleyball
• Rowing
• Gymnastics
• Surfing
• Hockey
• Cycling
• Athletics (Track & Field)
• Martial Arts
• Boxing
• Badminton
• Motor Sports
• Baseball

If your sport isn't listed, it doesn't mean you are ineligible. Reach out to EE Mortgages who can help you check if LMI waivers apply to your specific situation. They are experts in athlete home loans, and can find the best solution for your needs.

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