Medical professionals
Home loans for doctors and medical professionals
Some lenders have specialist policies for eligible medical and health professionals, which can mean buying with a smaller deposit and no lenders mortgage insurance (LMI). Eligibility depends on your occupation, registration, income and the lender, so we check the detail before you rely on it.
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Who this suits
- Doctors, including GPs and specialists (some lenders also include doctors in training)
- Dentists and some other registered health professionals, depending on the lender
- Medical professionals buying a first home, a next home or an investment property
- Employees, contractors and practice owners, as each is assessed differently
How it works
- Check your eligibilityEach lender keeps its own list of eligible occupations, plus conditions such as registration, income and loan size.
- Compare the policiesMaximum loan-to-value ratio, whether LMI is waived, and whether the policy covers owner-occupied and investment purchases.
- Match your income typeSalary, contract, locum or private practice income, assessed alongside your accountant where needed.
- Apply with a clear storyA well-prepared application explains your registration, role and income so the lender can assess it properly.
Things worth knowing
LMI waivers aren't automatic
Policies differ between lenders and change over time. Meeting one lender's criteria doesn't mean you'll meet another's, and approval is never guaranteed.
Investment purchases are checked separately
A waiver that applies to your own home may or may not extend to an investment property. We check each purchase on its own terms.
A small deposit means a bigger loan
Borrowing a higher share of the property's value means higher repayments and less buffer if values fall. We'll show you both sides.
New contracts and practice income
Some lenders accept a short employment or contract history for medical professionals; others want longer. Lender choice matters.
Documents you'll usually need
- Your AHPRA registration details
- Recent payslips or your employment or contract agreement
- Tax returns and financials if you're self-employed or own a practice
- Photo ID
- Statements for existing debts, including HECS-HELP
- Evidence of savings or deposit
We'll confirm exactly what your lender needs, so you don't gather anything twice.
Calculators for this
Questions
Can doctors buy a home without paying LMI?
Some lenders may waive LMI for eligible medical professionals, sometimes at up to 90% or 95% of the property value. It depends on your occupation, registration, income, the loan size and the lender's policy at the time.
Does the LMI waiver apply to investment properties?
Sometimes. Some lenders extend the policy to investment purchases and others don't, so we check each purchase separately.
I'm still in training. Can I qualify?
Possibly. Some lenders include doctors in training, while others require a particular registration type or minimum income. We'll check which lenders' criteria fit where you are now.
General information only. It doesn't consider your objectives, financial situation or needs. Eligibility for any LMI waiver is set by each lender and can change. Lending criteria, fees and charges apply.
Ready when you are.
Book a 20-minute call. We'll check which lender policies could fit your role and explain the trade-offs in plain English.