As a doctor, you qualify for home loan benefits most borrowers cannot access: waived Lenders Mortgage Insurance (LMI) at up to 90% to 95% LVR, discounted interest rates through medico banking divisions, no minimum income requirement, and aggregate lending up to $7.5 million across all properties. Also known as a medico home loan, these benefits can save you $15,000 to $60,000+ on a single purchase.
We specialise in doctor home loans. We know which lenders accept 100% of overtime, which treat salary sacrifice as untaxed income instead of deducting it, which accept provisional AHPRA registration for interns and registrars, and which offer self-employed doctors a single-year tax return assessment. We compare 35+ lenders so you get the best deal for your situation, not just whatever one bank offers.
First home buyers can combine the LMI waiver with the NSW stamp duty concession (nil on properties up to $800,000 and a concessional rate between $800,000 and $1,000,000) for $30,000+ in combined savings. If you already own property, we help you use equity to invest or refinance to a lower rate with waived LMI. Buying, investing, or refinancing, our service costs you $0. Use our repayment calculator or equity calculator to start planning your numbers.
Find out how much you save with a doctor home loan
We verify your AHPRA eligibility, calculate your borrowing power across 35+ lenders, and show you exactly how much you save on LMI and interest. Buying, investing, or refinancing - $0 cost.
Get my free home loan assessmentLenders Mortgage Insurance is one of the biggest upfront costs when buying with less than 20% deposit. As a doctor, it is waived entirely. Here is what a regular borrower would pay, and what you save:
| Property Value | LVR | Loan Amount | Estimated LMI (non-doctor) | Doctor Saves |
|---|---|---|---|---|
| $750,000 | 90% | $675,000 | ~$16,800 | ~$16,800 |
| $750,000 | 95% | $712,500 | ~$29,500 | ~$29,500 |
| $1,000,000 | 90% | $900,000 | ~$22,400 | ~$22,400 |
| $1,000,000 | 95% | $950,000 | ~$39,300 | ~$39,300 |
| $1,500,000 | 90% | $1,350,000 | ~$33,600 | ~$33,600 |
| $1,500,000 | 95% | $1,425,000 | ~$59,000 | ~$59,000 |
| $2,000,000 | 90% | $1,800,000 | ~$44,800 | ~$44,800 |
| $2,000,000 | 95% | $1,900,000 | ~$78,600 | ~$78,600 |
Estimates only. Actual LMI costs vary by lender, insurer, state, and borrower profile. Assumes standard residential property, owner-occupied, principal and interest repayments. Use our property deposit calculator for your exact numbers, or book a free consultation for your personalised LMI saving.
A mortgage for doctors requires a broker who understands medico lending policies, AHPRA registration, and complex medical income:
Not all lenders offer doctor home loans, and those that do have very different policies. Some waive LMI up to 95% LVR, others only to 90%. Some accept provisional AHPRA registration for interns and registrars, others require general or specialist only. Some impose a debt-to-income (DTI) cap that reduces your LVR if exceeded. Some exclude interest-only repayments entirely. Maximum loan amounts range from $2 million per security to $7.5 million aggregate. You get every relevant lender compared against your profession, registration type, and financial situation so you get the best deal.
LMI is one of the biggest upfront costs when buying with less than 20% deposit. A regular borrower purchasing a $1,000,000 property at 90% LVR would pay approximately $22,400 in LMI. At $1,500,000, the cost rises to approximately $33,600. With a doctor home loan, LMI is waived entirely at up to 90% to 95% LVR. The higher the LVR and property value, the more you save. If you previously paid LMI, you can refinance with waived LMI and never pay it again. Use our property deposit calculator for your exact numbers, or book a free consultation for your personalised LMI saving. Read our LMI guide for more detail.
Your income is unique: PAYG plus overtime, salary sacrifice, locum payments, contractor invoices, practice drawings, or trust distributions. Some lenders accept 100% of overtime, others only 80%. Some treat salary sacrifice as untaxed income (adding it back), others deduct it. Some lenders assess self-employed doctors on a single year of tax returns if you have been self-employed for at least one full financial year, a major advantage if you recently started a practice. The wrong lender means less borrowing power or a declined application. You get matched to the lender that assesses your income most favourably.
Many lenders offer rate discounts through medico or professional banking divisions not accessible through branches or the bank's website. Your application goes directly to the medico division with AHPRA verification and documentation prepared to their requirements. Faster turnaround, better rates, fewer delays. Some lenders offer doctors the same rate at 90% LVR that other borrowers only receive at 80% LVR. We also compare cashback offers of $2,000 to $10,000 when switching lenders.
The lender pays the commission when your loan settles. You pay the same rate whether you go direct or through a broker. A mortgage broker is legally bound by the Best Interests Duty to recommend what is best for you, not the lender. Learn about our team.
Your income changes as you progress from intern to registrar to specialist to practice owner. As income grows and equity improves, better rates become available. You receive annual rate reviews and proactive contact when a better deal comes up. We also help you release equity to fund your next investment property as your portfolio grows.
Doctors and allied health professionals registered with AHPRA are eligible for exclusive home loan deals. The following medical professionals may qualify for a doctor home loan with waived LMI:
Eligibility varies by lender. Not all lenders accept all professions listed above. If your medical occupation is not listed and you believe you may be eligible, contact us and we will confirm your eligibility immediately.
Not all banks accept every type of medical income. Approaching the wrong lender can mean a declined application or reduced borrowing power:
100% accepted by all lenders. Two recent payslips from your current employer are required. If you have recently changed employers, some lenders require you to have passed probation while others accept income from your first payslip.
Most lenders accept only 80% of overtime. A few accept 100%, and the calculation period varies: some use the most recent 3 months, others 6 or 12 months. For doctors with significant recent overtime (especially after pay rises), choosing the right lender can increase your borrowing power by $50,000 to $150,000. Allowances are treated similarly. You typically need at least 3 months with your current employer.
Like most PAYG doctors working in hospitals, a portion of your income may go towards salary sacrifice, reimbursed untaxed. Banks treat this very differently: some deduct it from your income, others add it back as untaxed income. The difference can be worth $100,000+ in borrowing capacity. You get matched with the lender that treats salary sacrifice most favourably for your payslip structure.
Many doctors split their week across a public hospital and a private clinic, or work locum shifts at multiple facilities. If each role is paid through payroll with tax withheld, most lenders will combine both income streams. If one or more roles are paid through your ABN, lenders may treat the ABN portion as self-employed income, requiring longer history. Some lenders only count your primary role and ignore the rest. We match you with lenders that recognise all of your income streams together, so nothing is left on the table.
Two years of tax returns are generally required. Depending on how long you have been invoicing through your ABN, some lenders accept a combination of invoices, BAS, interim tax returns, and evidence of previous income. Some lenders accept an ABN as little as 6 months old. One lender is known to be particularly open with full-time doctors who recently switched to self-employed. Our self-employed home loan guide covers the full range of verification options.
Two years of tax returns and financials are generally required. If your practice income flows through a company or trust, the way income reaches you needs clear documentation: drawings, director fees, trust distributions, or a combination. Some lenders assess self-employed doctors on a single year of tax returns if you have been self-employed for at least one full financial year. A GP with part salary from a group practice and extra profit through their own entity looks stronger than a pure contractor file, but only if the income is presented as one coherent story.
Our founder spent 8+ years inside one of Australia's major banks approving and declining loans. That experience means your application is built to get approved at the highest possible amount:
Most brokers submit and wait. Your application is checked against the lender's credit criteria before it goes in, so issues are resolved upfront. Complex income, practice structures, and career changes are presented in the format credit assessors expect. Less back-and-forth, faster approval.
Each bank calculates borrowing power differently. By testing your situation across every lender, we find the one that uses 100% of your recent overtime instead of 80%, treats salary sacrifice as untaxed income, applies the smallest assessment rate buffer on your existing fixed rate loan, and counts rental income at 80% instead of 70%. The difference between lenders can mean $200,000 to $400,000 in borrowing power on the same income. We also check for debt-to-income (DTI) restrictions. Some lenders cap the LMI waiver at a DTI of 6, meaning your maximum LVR drops if your total debts are too high relative to income. Identifying this before submission avoids surprises.
Major banks have specialised medico lending teams with pricing, LVR limits, and income policies not available through branches. Your application goes directly to the medico division with AHPRA verification and documentation prepared to their requirements. Faster turnaround, better rates, fewer delays. Some lenders also offer discounted pricing via a pricing discretion request for medical professionals on package lending up to 90% LVR.
Simple changes can dramatically increase how much you borrow. Credit cards reduce borrowing power by $30,000 to $50,000 per $10,000 limit, even if paid off monthly. HECS repayments, buy now pay later accounts, and school fees also count against you. These are identified during your initial assessment so you know what to fix before the application goes in. For many doctors, cancelling unused credit cards alone adds $100,000+ to borrowing power.
Doctors do not work 9 to 5. Consultations are available Monday to Friday 9am to 9pm and weekends 9am to 6pm. All paperwork is handled, the lender chased, your solicitor coordinated with, the valuation arranged, and you kept updated through to settlement. After settlement, regular check-ins keep your rate competitive.
Ali Hasani spent 8+ years as a Senior Mobile Lending Specialist at one of Australia's big four banks, where medico home loan policies are developed and administered. He holds a Diploma of Finance and Mortgage Broking Management and a Post Graduate Certificate in Accounting. MFAA accredited with a perfect settlement record. Learn more about our team.
Use our doctor home loan calculator tools to estimate your borrowing capacity, maximum purchase price, and repayments. Your results will differ from standard calculators because medico loans allow higher LVR without LMI:
Enter your savings. See your maximum purchase price.
Our property deposit calculator works as a doctor borrowing capacity calculator. It shows your maximum purchase price at 80%, 90%, and 95% LVR with stamp duty included. As a doctor with waived LMI, your 90% result is achievable without the LMI cost other borrowers pay on top.
LMI waiver eligibility, maximum LVR, and lender policies differ by profession and AHPRA registration type:
All AHPRA-registered doctors with general or specialist registration qualify at up to 90% to 95% LVR with no LMI. No minimum income requirement. Maximum loan amounts range from $2 million to $7.5 million depending on the lender. Some lenders have tiered limits. For example, up to $3 million per security with aggregate lending up to $7.5 million. This covers GPs, surgeons, all physician specialties including anaesthetists, psychiatrists, pathologists, radiologists, and emergency medicine specialists. Doctors are consistently placed in the highest eligibility tier across the major lenders.
Read about LVR and how it affects your rateSeveral lenders accept provisional AHPRA registration, meaning interns, residents, registrars, and supervised doctors can access waived LMI. Some lenders also accept limited registration for postgraduate training or supervised practice. Other lenders only accept general or specialist registration and explicitly exclude provisional, limited, and non-practising registrations. Lender selection matters for junior doctors. We identify which lenders on our panel accept your specific registration type.
Read our first home buyer guideA dentist home loan with waived LMI is available to dentists, dental surgeons, orthodontists, endodontists, periodontists, prosthodontists, and other dental specialists registered with AHPRA. Most lenders offer up to 90% LVR, some extend to 95%. Note that dental therapists, oral health therapists, hygienists, and assistants are explicitly excluded at most lenders.
Read about dentist home loansA vet home loan with waived LMI is available to veterinarians registered with their state or territory veterinary board. Verification is through the state vet board rather than AHPRA. Most lenders offer up to 90% LVR with no LMI.
Read our full No LMI home loan guidePharmacists, optometrists, physiotherapists, chiropractors, podiatrists, psychologists, occupational therapists, audiologists, osteopaths, radiographers, and sonographers registered with AHPRA may qualify with selected lenders. Not all lenders include all allied health professions. Some require a minimum income threshold for allied health that does not apply to doctors.
Read about deposit optionsMedical students (not yet registered), those with non-practising registration (unless on temporary leave such as parental leave), and those with limited registration for "area of need," teaching, or research do not qualify at most lenders. Nurses are not eligible for doctor home loans, but some lenders offer a separate LMI waiver for registered nurses and midwives earning above $90,000 at up to 90% LVR. Other pathways include the Home Guarantee Scheme, a guarantor loan, or saving a 20% deposit.
Explore all pathways to home ownershipYour strategy should match your career stage, income, and goals:
A doctor home loan lets you purchase with 5% to 10% deposit and no LMI. If your property is under $800,000, you also pay zero stamp duty as a first home buyer in NSW. Between $800,000 and $1,000,000, a concessional rate applies.
Example scenario
Dr. Chen, PGY2 resident earning $140,000. She has $55,000 in savings and wants to buy a $700,000 apartment in Sydney. At 90% LVR, her loan is $630,000. She needs $70,000 deposit plus approximately $2,500 in legal costs. As a first home buyer under $800,000 in NSW, she pays zero stamp duty. As a doctor, she pays zero LMI. A regular borrower at the same LVR would pay approximately $15,700 in LMI. Dr. Chen's total upfront cost: approximately $72,500. A non-doctor's total: approximately $88,200. She saves ~$15,700.
Your built-up equity can fund the deposit on your next home. You can keep your first property as an investment. Your doctor LMI waiver applies to the new purchase as well. The key is choosing the right lender: one that uses 100% of overtime, treats salary sacrifice as untaxed income, and applies the smallest assessment rate buffer on your existing fixed rate loan.
Example scenario
Dr. Williams, advanced trainee earning $220,000 (including $40,000 overtime and $15,000 salary sacrifice). He owns a $750,000 apartment with $280,000 equity and wants to buy a $1,300,000 family home. He keeps the apartment as an investment. At 90% LVR on the new home, his loan is $1,170,000. He pays zero LMI, saving approximately $29,100. The right lender uses 100% of his overtime (not 80%) and adds his salary sacrifice back as untaxed income, increasing his borrowing power by over $120,000 compared to a lender that caps overtime and deducts salary sacrifice.
Doctor LMI waivers can apply to investment properties with some lenders, typically up to 90% LVR and up to 95% with the most generous lenders. Not all lenders extend the waiver to investment properties. Each investment loan is structured separately to maximise negative gearing deductions, avoid cross-collateralisation, and diversify across lenders. Interest-only availability varies: some lenders exclude IO entirely under the waiver, others allow IO converting to P&I, and some cap IO at a lower LVR such as 80% for owner-occupied.
Example scenario
Dr. Kumar, cardiologist with a $1.8M home loan and two investment properties. He originally paid LMI on all three properties before knowing about the medico waiver. By refinancing all three loans with waived LMI to a lower rate with cashback ($4,000 per property), he saves $20,000+ per year in interest and receives $12,000 in cashback across the three loans. The LMI waiver means no LMI is payable on the refinance despite all properties being above 80% LVR.
Practice drawings, trust distributions, contractor billings, and mixed PAYG create complexity standard lenders struggle with. Some accept 1 year of financials, BAS, or an accountant's letter. Select lenders assess self-employed doctors on a single year of tax returns if you have been self-employed for at least one full financial year, rather than averaging two years. If your practice is held in a trust or company, that structure needs clear documentation. Your income is presented so each stream reads as one coherent story, maximising borrowing power.
Read our self-employed home loan guideIf you originally paid LMI, refinancing as a doctor lets you switch without paying LMI again, even if your LVR is above 80%. Combined with a lower rate and potential cashback ($2,000 to $10,000), refinancing can save thousands per year. For specialists with a portfolio, refinancing all loans can save $20,000+ per year in interest while accessing cashback on each property.
Read our refinance guideMany junior doctors at city hospitals cannot afford inner Sydney but can invest in growth areas. Rentvesting lets you rent near your hospital while buying an investment property. With select lenders, your LMI waiver applies to the investment property at up to 90% to 95% LVR. You claim tax deductions on the investment loan interest and build wealth through capital growth and rental income.
Explore pathways to ownership"Ali is an outstanding mortgage broker who made the entire process smooth and stress-free. From the very first consultation, he took the time to understand my needs and explained every step clearly. His knowledge of lending options and ability to secure competitive rates gave me confidence that I was in the right hands. What impressed me most was his responsiveness. Ali was always available to answer questions and kept me updated throughout. He genuinely cares about his clients and goes above and beyond to ensure the best outcome."
"It's our second time using Ali as our broker, and once again he has been absolutely sensational! He makes the entire process seamless and completely stress-free. What truly sets him apart is his exceptional advice and the genuine care he has for his clients you can tell he always has your best interests at heart. Honestly, the best broker ever!"
"Ali is our trusted advisor for many years. He responds swiftly and honestly. He is the best in working out options for loans. He goes above and beyond to get the best outcome for the customers. I would recommend his services to anyone who wants to buy houses and still have peace of mind."
Your AHPRA registration is verified, your income structure assessed, borrowing power calculated across 35+ lenders, and the lender with the highest LVR and waived LMI for your profession identified. Stamp duty concessions and other benefits are checked.
Your best options are presented with clear comparisons of LMI waiver LVR limits, interest rates, comparison rates, fees, offset features, and maximum loan amounts. You see which lender assesses your income most favourably. Read our choosing the right finance guide.
The application is handled, AHPRA verification submitted, valuation arranged, and settlement coordinated. Your doctor home loan settles with no LMI. Ongoing support and annual rate reviews follow.
Educate yourself on LMI, government schemes, loan structures, and property strategies:
Real answers to the questions doctors ask us every day:
A home loan with special benefits for AHPRA-registered medical professionals. The main benefit is waived LMI when borrowing above 80% of the property value, typically up to 90% to 95% LVR. You may also receive discounted interest rates, higher maximum loan amounts, and more favourable income assessment. These benefits exist because lenders consider doctors low-risk borrowers with high income stability and very low default rates.
Doctors have very low default rates and exceptional job security. Income potential is high and grows as you progress from intern to specialist. Lenders also value the long-term banking relationship because doctors often hold savings, credit cards, and business banking with the same institution.
With a doctor home loan, you can purchase with 5% to 10% deposit and no LMI. On a $1,000,000 property, that means $50,000 to $100,000 instead of $200,000. Use our property deposit calculator to see your maximum purchase price based on your savings.
Yes. All lenders require current AHPRA registration, most verified directly on the AHPRA website. Most accept general or specialist registration. Some also accept provisional (interns, residents, registrars) and limited registration for postgraduate training or supervised practice. Veterinarians are verified through their state veterinary board.
No minimum income requirement for doctors at most lenders. Unlike LMI waivers for lawyers and accountants (which may require $150,000+), doctor home loans are based on AHPRA registration, not income. However, some lenders require that the primary source of income be derived from the eligible medical profession.
Varies by lender. Per-security limits range from $3 million to $4.5 million. Aggregate exposure limits (total lending across all properties) range from $5 million to $7.5 million. Some lenders allow up to $6 million to $8 million on houses in certain postcodes. Your actual borrowing capacity depends on income, debts, and serviceability.
Yes. Some lenders extend the LMI waiver to investment property purchases at up to 90% to 95% LVR, the same as owner-occupied at the most generous lenders. Others cap investment at 90% LVR. Not all lenders offer the waiver for investment. The loan is structured with separate splits for tax-deductible investment debt.
Most lenders use 80% of overtime. A few accept 100%, and the period varies (3, 6, or 12 months). Choosing the right lender can increase your borrowing power by $50,000 to $150,000.
Banks treat salary sacrifice very differently: some deduct it from income, others add it back as untaxed income. The difference can be worth $100,000+ in borrowing capacity. The right lender choice is critical.
Yes. Self-employed doctors can access waived LMI provided they meet AHPRA registration and income verification criteria. Most lenders require 2 years of tax returns. Some accept 1 year, BAS, or an accountant's letter. Select lenders offer a single-year tax return concession. If you have been self-employed for at least one full financial year, your income is assessed on the latest year rather than the standard two-year average.
Yes. Locum income paid through ABN invoices may be treated as self-employed income by some lenders. Others accept a shorter history with invoices, BAS, and evidence of previous PAYG employment. Some accept an ABN as little as 6 months old.
Yes. Some lenders impose a debt-to-income (DTI) cap on the LMI waiver. If your total debts relative to your gross income exceed the threshold, typically a DTI of 6, your maximum LVR may drop. For example, a lender offering 95% LVR may reduce this to 90% if your DTI exceeds 6. Cancelling unused credit cards and paying down existing debts can improve your DTI and unlock higher LVR limits.
It depends on the lender. Some require principal and interest (P&I) repayments only under the LMI waiver, with no interest-only option at all. Others allow interest-only converting to P&I after a fixed period, but not permanent interest-only. Some cap interest-only at a lower LVR, for example 80% LVR for owner-occupied interest-only versus 95% for P&I. For investment properties, interest-only is more commonly available but still varies. If interest-only is important to your strategy, this is a key factor in lender selection.
Some lenders extend the LMI waiver to fixed-price construction contracts, meaning you can build a new home with waived LMI at up to 90% to 95% LVR. Others explicitly exclude construction loans and vacant land from the waiver. Availability depends on the lender, the contract type (fixed price versus cost-plus), and the property location. Construction and vacant land are not excluded at all lenders, so if building is part of your plan, lender selection matters.
No. Doctor home loans typically offer the same or better rates. Many lenders offer rate discounts specifically for medical professionals through their medico banking divisions. Some offer rates at 90% LVR that non-professionals only get at 80% LVR.
Yes. You can refinance to a new lender with waived LMI, even if your current LVR is above 80%. This is valuable if you originally paid LMI before knowing about doctor home loans.
Personal ID (passport or licence plus citizenship or residency proof), AHPRA registration verification, proof of income (2 recent payslips for PAYG, or 2 years of tax returns for self-employed), bank statements showing savings, and details of existing loans. Practice owners may need an accountant's letter and business financials. A complete checklist is provided specific to your situation.
Yes. Joint applications with an eligible doctor can access the LMI waiver. Most lenders require the doctor to hold at least equal ownership share on title and be a borrower on the loan. Some lenders also accept the medical professional as a guarantor rather than a borrower. The non-medical spouse's income also counts toward borrowing power.
Yes. The doctor LMI waiver is from the lender; stamp duty concessions are from the NSW government. They are completely separate. On a $750,000 first home purchase, you pay zero stamp duty and zero LMI, saving potentially $30,000+ in combined upfront costs.
Doctors with straightforward PAYG income and clean AHPRA registration can be pre-approved within hours to a few days. Complex applications (self-employed, multiple streams) may take longer. Pre-approval is valid for approximately 90 days.
A bank can only offer its own product. A broker compares 35+ lenders. Different lenders offer different LVR limits (90% versus 95%), maximum loan amounts, income assessment methods, DTI thresholds, interest-only availability, postcode restrictions, and registration requirements. If you go to a branch, they may not offer you the medico rate. The service costs $0.
$0. The lender pays the commission (typically 0.45% to 0.65% of the loan value) when your loan settles. You pay the same rate whether you go direct or through a broker. Meet our team.
Yes. All four major banks have medico lending policies. However, the best deal is not always with a major bank. Non-bank and second-tier lenders sometimes offer more competitive rates or higher LVR limits. All 35+ lenders are compared to find the best overall deal.
No. However, some lenders offer a separate LMI waiver for registered nurses and midwives earning above $90,000 at up to 90% LVR. The Home Guarantee Scheme or a guarantor loan are alternative pathways for nurses who do not qualify.
Some lenders allow doctor home loans through a trust where the doctor is a trustee and beneficiary, or through a unit trust where the doctor holds at least 25% ownership. Others only accept individual borrowers under the LMI waiver. If you use a trust or company for asset protection, lender selection is critical to ensure the waiver still applies. We identify which lenders accommodate your structure.
Yes, at some lenders. The LMI waiver may not be available for properties in postcodes classified as "high risk" or "at risk", typically regional towns, mining towns, or areas with volatile property markets. Most lenders apply the waiver without postcode restriction for standard metropolitan properties. Select lenders also accept prestige properties, vacant land up to 8 hectares, and units with a living area of at least 40sqm.
Yes. Lenders include school fees as a committed expense in their serviceability assessment. Private school fees of $20,000 to $40,000 per child per year can reduce borrowing power significantly. Some lenders treat school fees more conservatively than others. If you have children at private school, we identify lenders that minimise the impact on your borrowing capacity.
All standard features: fixed rate and variable rate options, 100% offset accounts, redraw facilities, split loans, interest only repayments (where available under the waiver, see the interest-only FAQ above), and line of credit. Some lenders waive annual package fees for medical professionals. The LMI waiver does not limit your feature access.
Significantly. Lenders assess card limits as fully drawn. A $10,000 limit reduces borrowing by approximately $30,000 to $50,000. Multiple cards can reduce capacity by $100,000+. Credit cards also increase your debt-to-income ratio, which may reduce the LVR available under the LMI waiver at some lenders. Cancelling unused cards before applying is one of the simplest ways to boost your borrowing power.
Yes. HECS does not prevent approval but reduces borrowing power. Lenders count the compulsory repayment (1% to 10% of income) as a committed expense. Some lenders treat HECS more favourably than others.
Yes. Lenders check for active BNPL accounts (Afterpay, Zip, Humm). These count as liabilities and reduce borrowing power. Close any BNPL accounts before applying.
The LMI waiver is assessed at application time. Once your loan settles with waived LMI, you do not need to remain in medicine. If you refinance later and your AHPRA registration has lapsed, you would not qualify for a new LMI waiver. Your existing loan is unaffected.
The LMI waiver applies to standard residential property: houses, townhouses, and apartments. Some lenders restrict small apartments (under 50sqm), high-density buildings, or rural properties. Select lenders accept prestige properties, vacant land up to 8 hectares, rural properties up to 50 hectares, units with a minimum 40sqm living area, and up to 4 dwellings on one title. If you have not found a property yet, you can apply as a home seeker and receive conditional approval subject to valuation, valid for 90 days.
Yes. There is no limit on properties, provided each falls within the lender's maximum loan amount and LVR limits and you have sufficient borrowing capacity. Some lenders impose exposure limits per borrower. Aggregate caps range from $5 million to $7.5 million. To grow a portfolio, loans are spread across multiple lenders to avoid concentration limits. Each loan is structured separately for tax efficiency.
Generally the same as or better than standard rates. Many lenders offer medico-only rate discounts through their professional banking divisions. Some offer doctors the same rate at 90% LVR that other borrowers only get at 80% LVR. Some lenders also offer discounted pricing via a pricing discretion request for medical professionals on package lending up to 90% LVR. Rates change frequently. Contact us for today's best doctor home loan rates.
Debt recycling converts non-deductible home loan debt into tax-deductible investment debt. You draw equity from your home to invest in an income-producing asset (such as an investment property or shares), then use the returns to pay down your non-deductible home loan faster. For high-income doctors, debt recycling can save significant tax while building wealth. It requires careful loan structuring with separate splits for deductible and non-deductible debt. Speak to your accountant and contact us to structure the loans correctly.
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