At Mortgage Street, we recognise the vital role Local Government employees play in keeping Australia’s towns and cities running. That’s why we take a favourable view of applicants employed in Local Government when assessing mortgage applications.
With steady employment, reliable income, and long-term job security, borrowers from Local Government sectors are well positioned for tailored lending solutions—making approvals smoother and options more competitive.
Why Mortgage Street Welcomes Local Government Borrowers
Employment Stability
We value the low-risk profile that comes with public sector work.
Income Confidence
Consistent salaries and structured payslips help speed up assessments.
Greater Flexibility
Internal underwriting means we can assess beyond standard bank criteria.
Higher Loan-to-Value Ratios
Eligible borrowers may access up to 95% LVR with no LMI.
Diverse Product Options
Fixed, variable, and split loan options available.
With steady employment, reliable income, and long-term job security, borrowers from Local Government sectors are well positioned for tailored lending solutions—making approvals smoother and options more competitive.
Benefits for Mortgage Brokers
Partnering with Mortgage Street means easier deals and faster settlements for Local Government clients:
Higher Approval Rates – We favour public sector profiles in our credit policies.
Simplified Scenarios – Internal credit assessment allows faster decisions without outsourcing delays.
Attractive Products – Competitive rates, flexible structures, and reduced LMI exposure.
Dedicated Support – Our team works closely with brokers for fast turnarounds
Let’s Work Together
If you’re a mortgage broker with clients in Local Government—or want to attract more—Mortgage Street offers the tools, products, and flexibility to help you succeed.
Partner with us today and discover how we can support you and your clients in the public sector.
As Australia’s premier alternative lending solution, our mission is to empower our brokers to achieve their goals
Our goal at Mortgage Street is to provide you your customers with first-class service and innovative products to help you deliver solutions to your clients who don’t fit traditional lending criteria. But if your clients don’t qualify for a bank loan, Mortgage Street can always find alternatives. With 24 mortgage options available, we can help your customers find the right fit for their unique situation.
7 reasons why you should work with Mortgage Street
Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.
Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.
Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.
A Mortgage Street accredited mortgage broker can help you to maximise your borrowing capacity by advising on the best loan structure and providing guidance on how to strengthen your application. This can be helpful if you have a complex financial situation or are self-employed.
If you are planning to purchase an investment property, a Mortgage Street accredited mortgage broker can help you understand the tax implications of negative gearing and advise on the best home loan options to suit your goals.
A Mortgage Street accredited Mortgage brokers have access to a wide range of lenders, including those that may consider larger loan amounts. This can be especially useful if you are looking to purchase a more expensive property or undertake extensive renovations.
Many lenders require mortgage insurance for home loans with a loan-to-value ratio (LVR) of over 80%. By working with a Mortgage Street accredited mortgage broker, you may access lenders that do not require mortgage insurance up to an LVR of 85%, saving you money on your loan.
To help you find what you’re looking for, we’ve grouped our lending criteria into key categories.
Turbo charge your application for faster turnaround times
Mortgage Street focuses on what you and your customer needs.Submit a scenario now and we’ll help you every step of the way
Helpful guides & forms
- MSt 001 Customer Information Collection
- MSt 002 Payroll Authority form
- MSt 003 Loan Scenario form
- MSt 007 Applicant details verification
- MSt 011 Lo-Doc Declaration Accountants Verification
- MSt 012 Full Partial Discharge Authority
- MSt 013 Rate Review Form
- MSt 014 Gift Declaration Form
- MSt 015 Direct Debit Request
- MSt 028 Buying Your First House
- MSt 063 Bespoke broker premium
- MSt 067 Everyday transaction account
- Loan Application Documentation Checklist
- MSt 134 Request for Hardship Assistance
Don’t let your unique situation hold you back, explore the all mortgage options offered by Mortgage Street.
Good Borrowers
Specialist loan
Relocation loan
Convenient calculators
FAQ
Do Local Government employees receive special mortgage benefits?
Yes, many lenders consider Local Government employees as low-risk borrowers due to their stable employment and consistent income. This perception can lead to:
- Discounted Interest Rates: Some lenders offer reduced rates to attract public sector employees.
- Lenders Mortgage Insurance (LMI) Waivers: Eligible employees might secure loans with higher Loan-to-Value Ratios (LVR) without the need for LMI, potentially borrowing up to 85% without this additional cost.
What documentation is required for mortgage applications as a Local Government employee?
Typically, applicants need to provide:
- Proof of Income: Recent payslips and employment contracts.
- Evidence of Salary Packaging: Details of any salary sacrifice arrangements or fringe benefits.
- Credit History: A clear credit report indicating responsible financial management.
How does employment stability influence mortgage approval?
Stable employment in the public sector is viewed favourably by Mortgage Street, often leading to:
- Higher Borrowing Limits: Reflecting the perceived lower risk.
- More Competitive Interest Rates: Due to the reliability of income.
What role does salary sacrifice play in mortgage repayments?
Salary sacrificing mortgage repayments can:
- Reduce Taxable Income: Leading to potential tax savings.
- Increase Repayment Efficiency: More income directed toward the mortgage can shorten the loan term.
How can mortgage brokers assist Local Government employees effectively? Brokers can:
Brokers can:
- Connect with Mortgage Street: Identify Mortgage Street’s offering tailored benefits for public sector employees.
- Navigate Salary Packaging: Understand its impact on income and borrowing capacity.
- Highlight LMI Waivers: Inform clients about potential LMI exemptions and eligibility criteria.
Broker Support
Monday to Friday 9am – 5pm (Sydney time)
Frequently Asked Mortgage Product Questions
Key points
+LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.
*Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Loan applications, refinances and balloon amounts are subject to credit assessment.
Conditions, credit criteria, fees and charges apply. Based on Mortgage Street’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.