Your years of medical training are recognised by Australia's leading lenders. Access exclusive home loan packages with LMI waivers, reduced deposits, and higher borrowing power — tailored for healthcare professionals.
Medical professionals may reduce or eliminate LMI fees
Check Your Eligibility Free AssessmentTakes 2 minutes • No obligation
When you borrow more than 80% of a property's value, lenders typically require you to pay Lenders Mortgage Insurance (LMI). Despite the name, this insurance protects the lender — not you — in case you default on the loan.
LMI typically costs $10,000–$40,000+ depending on the loan size and deposit amount. It's either added to your upfront costs or capitalised onto the loan, increasing your total debt.
As a medical professional, many lenders will waive this fee entirely. Your career stability and earning potential mean lenders view you as a lower-risk borrower — and they're willing to reward that.
Example: On an $800,000 property with a 5% deposit ($40,000), a standard borrower could pay $30,000–$36,000 in LMI. With a medical professional package, you pay $0.
Lenders view medical professionals as lower-risk borrowers. Here's why they compete to win your business with exclusive benefits:
This combination of factors means lenders actively compete to win your business by offering exclusive benefits that aren't available to the general public.
Potentially reduce LMI costs significantly that other borrowers must pay when borrowing above 80% LVR.
Buy sooner with as little as 5% deposit instead of the standard 20% — getting you into the market years earlier.
Borrow up to $4.75M with select lenders, with some offering up to $8M total across all loans.
Some lenders accept employment contracts, locum income, and overtime when assessing your borrowing capacity.
LMI waivers are available for investment purchases too, not just owner-occupied properties.
Switch from your current lender and still access LMI waiver benefits — potentially reducing your total costs.
Eligibility varies by lender. Our brokers know exactly which lenders offer the most suitable packages for your specific profession.
No minimum income criteria for most lenders.
Fully registered GPs with AHPRA General or Specialist registration qualify across all major lenders offering medical packages.
Specialist eye surgeons with AHPRA Specialist registration qualify with all major lenders.
AHPRA-registered psychiatrists with General or Specialist registration qualify across all major lenders.
Diagnostic and interventional radiologists with AHPRA Specialist registration.
AHPRA-registered pathologists across all sub-specialties including anatomical, clinical, and forensic pathology.
Specialist dermatologists with AHPRA registration qualify with all major lenders.
AHPRA-registered O&G specialists qualify across all major lenders offering medical packages.
All paediatric specialties with AHPRA Specialist registration are accepted by major lenders.
FACEM-qualified emergency physicians with AHPRA Specialist registration.
Eligibility may depend on lender, income, and registration status.
Eligible with most lenders. Some require a minimum income of $90,000–$120,000. AHPRA registration required.
Eligible with select lenders. State veterinary board registration required.
Eligible with select lenders. Minimum income criteria applies ($100K+). AHPRA registration required.
Eligible with select lenders. AHPRA registration required.
Eligible with select lenders. Income criteria may apply. AHPRA registration required.
Important: Registration with AHPRA (Australian Health Practitioner Regulation Agency) is required. General or Specialist registration is accepted. Provisional, Limited, or Non-Practising registration is generally NOT accepted (with some exceptions such as parental leave). Interns, residents, and registrars in supervised training may have limited eligibility — speak with our brokers to explore your options.
Here's a snapshot of how different lenders compare on their medical professional packages:
| Feature | Lender A | Lender B | Lender C |
|---|---|---|---|
| Min Deposit (Owner-Occ) | 5% | 5% | 10% |
| Min Deposit (Investment) | 5% | 10% | 10% |
| Max Loan Amount | $3M | $4.75M | $5M |
| Max Total Lending | $5M | $8M | $7.5M |
| GPs Eligible | ✓ | ✓ | ✓ |
| Specialists Eligible | ✓ | ✓ | ✓ |
| Dentists Eligible | ✓ | ✓ | ✓ |
| Vets Eligible | ✓ | ✓ | ✗ |
| Pharmacists Eligible | ✓ (income criteria) | ✓ (income criteria) | ✓ ($100K+ income) |
| Genuine Savings Required | Varies | 5% for some | Varies |
| Refinancing Eligible | ✓ | ✓ | ✓ |
This comparison represents a snapshot of current lender policies. Your Finance Hub broker will compare ALL available options to find the right fit for your situation.
Here's what purchasing an $800,000 property looks like with a 5% deposit ($40,000) and a loan of $760,000:
That's potentially $36,187 back in your pocket — or towards renovations, investments, or simply getting into the property market years earlier.
Illustrative example only. Actual LMI premiums vary by lender, state, loan amount and LVR. Your full financial situation would need to be reviewed prior to acceptance of any offer or product.
We specialise in medical professional lending and understand the unique circumstances of healthcare careers — from training pathways and locum work to practice ownership. Here's how we help:
Chat with a specialist medical lending broker — in person, phone, or video — at a time that works around your schedule.
We access 60+ lenders to find the medical professional package that gives you the strongest outcome for your situation.
We handle the paperwork, liaise with lenders, and keep you updated throughout the entire process.
Move into your new home with ongoing support for future lending needs as your medical career progresses.
Find out your estimated borrowing power in under 2 minutes — powered by real lender criteria from our panel of 30+ lenders.
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