As a doctor, dentist, or medical professional, you qualify for exclusive benefits most borrowers can't access — LMI waivers, discounted rates, and higher borrowing power. We unlock every advantage available to you.
Medical professionals are among the most financially secure borrowers in Australia — yet many end up paying thousands more than they need to on their home loans. The issue isn't your income or credit history. It's that most lenders and brokers don't proactively offer the medical professional benefits you're entitled to.
Without specialist advice, you're likely leaving significant money on the table every time you take out or refinance a home loan.
Many medical professionals apply for standard home loans and miss out on significant benefits:
We partner with lenders who offer dedicated medical professional packages — LMI waivers saving you $10K-$30K+, discounted rates, HECS-friendly assessment, and recognition of your income trajectory. We find the best deal for your specific medical career stage.
Not all lenders offer the same benefits to medical professionals. Here's how the options compare:
| Benefit | Best Medical Lenders | Standard Lenders with Med Policy | No Medical Policy |
|---|---|---|---|
| LMI Waiver | ✓ No LMI up to 90% LVR | No LMI up to 85% LVR | ✗ Standard LMI applies |
| Rate Discount | ✓ 0.1-0.3% below standard | May offer small discount | ✗ Standard rates |
| HECS Assessment | ✓ Excluded or reduced impact | Partially excluded | ✗ Full HECS impact on borrowing |
| Qualifying Professions | ✓ Broad — GPs to specialists | Doctors and dentists only | N/A |
| Intern/Registrar Income | ✓ Future income considered | Current income only | Current income only |
| Locum/Contract Income | ✓ Accepted with shorter history | May require 2 years history | ✗ Standard employment assessment |
Whether you're a junior doctor just starting out or a specialist running your own practice, we tailor the approach to your career stage and income type.
Early career with HECS debt and limited savings? We access LMI waivers and lenders who recognise your future earning potential — getting you into the market sooner.
Whether you're employed or running your own practice, we find lenders with the best medical professional packages for your income type and career stage.
Some lenders extend medical professional benefits beyond doctors — covering pharmacists, physiotherapists, optometrists, and other allied health professionals. We know which ones.
Buying a home while running a medical practice? We navigate the complexity of self-employed medical income, practice debt, and personal lending to find the best structure.
Use our quick loan assessor to get an estimate of your borrowing power — including medical professional benefits.
Try the Loan AssessorWe confirm which lenders classify your specific medical profession as qualifying — eligibility varies, and some lenders are more generous than others.
We quantify the total savings: LMI waiver value, rate discount, HECS treatment, and borrowing power increase — showing you exactly what you gain from a medical package.
We compare medical packages across all qualifying lenders to find the combination of LMI waiver, rate, and features that delivers the highest total value.
We prepare your application with the right documentation for medical professional assessment and manage the process to a fast, smooth approval.
Medical professional packages aren't just for doctors. Some lenders include dentists, veterinarians, optometrists, pharmacists, physiotherapists, and even some allied health roles. We check every option.
Some lenders exclude or reduce the impact of HECS/HELP debt on borrowing capacity for medical professionals. This can increase your borrowing power by $30,000-$80,000+ depending on your HECS balance.
On a $900K loan at 90% LVR, LMI could cost $20,000-$30,000. A medical LMI waiver eliminates this entirely — and since LMI is usually capitalised, you also avoid paying interest on it for years.
If you're on a hospital contract, apply before your current contract expires. Some lenders require an active employment contract at the time of application — even if renewal is expected.
Qualifying professions vary between lenders but commonly include: general practitioners, specialists, surgeons, dentists, veterinarians, optometrists, pharmacists, physiotherapists, and sometimes other allied health professionals. We check eligibility across all lenders.
Select lenders waive Lenders Mortgage Insurance for qualifying medical professionals, allowing you to borrow up to 85-90% LVR without paying LMI. This can save you $10,000-$30,000+ on a typical medical professional's home purchase.
Yes. Some lenders specifically cater to junior doctors and interns, recognising that while current income may be modest, future earning potential is high. These lenders may offer LMI waivers and more favourable income assessment for interns and registrars.
HECS/HELP repayments reduce your borrowing capacity because they're deducted from your income in the serviceability assessment. However, some medical-friendly lenders exclude or reduce the HECS impact, which can increase your borrowing power by tens of thousands.
Some lenders offer discounted rates as part of their medical professional package — typically 0.1-0.3% below standard rates. Combined with the LMI waiver, these packages can save medical professionals tens of thousands over the life of the loan.
Yes, though locum income can be more challenging to verify. Some lenders accept locum income with as little as 6-12 months of history, while others require 2 years. We match locum doctors with lenders who understand and accept contract/locum arrangements.
Yes, but the assessment may combine medical professional benefits with self-employed lending requirements. We structure the application to maximise the medical benefits while addressing the self-employed income verification. Some lenders handle this very well.
You wouldn't need both — they serve similar purposes. If you have less than 5% deposit, the guarantee scheme may be better. If you have 10%+, the medical LMI waiver may offer more flexibility since it has no income caps or place limits. We compare both options.