Home loans for Optometrists

Home Loans for Optometrists Sydney | No LMI Mortgage Broker | Buyvest

Home loans for eye care professionals

Home loans for optometrists.
No LMI. $0 cost.

Waived LMI at up to 95% LVR for AHPRA registered optometrists. Your Sydney optometrist mortgage broker. 35+ lenders, $0 cost.

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35+
Lenders
95%
Max LVR, no LMI
$60k+
Max LMI saved
$0
Cost to you

How do home loans for optometrists work?

As an optometrist, lenders will waive Lenders Mortgage Insurance (LMI) when you borrow up to 90% to 95% of the property value. Many add a cheaper rate through their medico banking teams. Call it an optometrist home loan or an optometrist mortgage. Either way, it can save you $15,000 to $60,000+ on one purchase.

This is what we do all day as a mortgage broker for optometrists. Every lender reads optometry income differently. Bonuses, locum shifts, contractor invoices, practice drawings. Some lenders set no minimum income, others want a set income from the profession. The rules change all the time, and tracking them is our job. We compare 35+ lenders and find the deal that fits you, whether you work in a corporate chain, an independent practice, or run your own clinic.

First home buyers can stack the LMI waiver with the NSW stamp duty concession and save $30,000+ upfront. Already own property? Use your equity to invest or refinance with the LMI waived again. Our service costs you $0, and you deal with the same broker from first call to settlement.

The numbers

How much LMI do optometrists save?

LMI is one of the biggest upfront costs when you buy with less than a 20% deposit. As an optometrist, you skip it completely.

Property valueLVRLoan amountLMI (non-optometrist)Optometrist saves
$750,00090%$675,000~$16,800~$16,800
$750,00095%$712,500~$29,500~$29,500
$1,000,00090%$900,000~$22,400~$22,400
$1,000,00095%$950,000~$39,300~$39,300
$1,500,00090%$1,350,000~$33,600~$33,600
$1,500,00095%$1,425,000~$59,000~$59,000
$2,000,00090%$1,800,000~$44,800~$44,800
$2,000,00095%$1,900,000~$78,600~$78,600

Estimates only. LMI varies by lender, insurer, state, and your profile. Use our property deposit calculator for your numbers, or book a free consultation and we will work out your exact saving.

How much can you save with an optometrist home loan?

We check your AHPRA eligibility, work out your borrowing power across 35+ lenders, and show you what you save. Clear answers, no pressure.

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MFAA member. 10+ years lending experience. $0 cost to you.

Why Buyvest

Why use a mortgage broker for optometrists?

A mortgage for optometrists needs an optometrist mortgage broker who knows medico lending, AHPRA registration, and optometry income.

35+ lenders compared

Every lender plays by different medico rules. Some waive LMI to 95% with no income rule. Others stop at 90% and want a set income. We track the rules and show you the winner.

LMI waived. $15k to $60k+ saved

A regular borrower pays about $22,400 in LMI on a $1M property at 90% LVR. You pay nothing. Paid LMI before? Refinance with the waiver and never pay it again.

Your income read right

Bonuses, locum shifts, contractor invoices, practice drawings. Some lenders count all of it, some cut it down. We match you with the one that reads your income best.

Medico banking divisions

Rate discounts you will not find in a branch. We deal with the medico teams directly. Faster answers, better rates.

$0 cost, best interests by law

The lender pays us when your loan settles. Your rate is the same either way. The Best Interests Duty means we must recommend what is best for you.

Reviewed every year

As you move from new graduate to practice owner, better rates open up. We review your loan every year and call you when a better deal appears.

Which optometrists and eye care professionals qualify for waived LMI?

If you are registered with AHPRA through the Optometry Board of Australia, there is a good chance you qualify. It comes down to your registration, not your employer. Optometrists qualify at selected lenders alongside these medical professionals:

  • Anaesthetists
  • Audiologists
  • Cardiologists
  • Chiropractors
  • Cosmetic surgeons
  • Dental surgeons
  • Dentists
  • Dermatologists
  • Emergency medicine specialists
  • Endocrinologists
  • Epidemiologists
  • Gastroenterologists
  • General Practitioners (GPs)
  • Gynaecologists
  • Haematologists
  • Immunologists
  • Intern doctors
  • Medical registrars
  • Medical residents
  • Nephrologists
  • Neurologists
  • Neurosurgeons
  • Obstetricians
  • Occupational therapists
  • Oncologists
  • Ophthalmologists
  • Optometrists
  • Orthodontists
  • Osteopaths
  • Paediatricians
  • Pathologists
  • Pharmacists
  • Physiotherapists
  • Plastic surgeons
  • Podiatrists
  • Psychiatrists
  • Psychologists
  • Radiographers
  • Radiologists
  • Rheumatologists
  • Sonographers
  • Surgeons (all specialties)
  • Urologists
  • Veterinarians

Which AHPRA registration types qualify for an optometrist home loan?

General AHPRA registration gets you up to 90% to 95% LVR with no LMI, depending on the lender. Some lenders accept provisional registration too, so new graduates can qualify. A therapeutic endorsement does not change your eligibility. Every lender that accepts optometrists accepts endorsed optometrists too. Some lenders also look at Optometry Australia membership, your degree, or your tax return as proof of profession. The lines move, so ask us and we will check the current rules.

Who does not qualify for an optometrist home loan?

Optometry students and non-practising registration usually miss out. Optical dispensers, orthoptists, and optical assistants do not get the optometrist waiver. Other paths in: the Home Guarantee Scheme, a guarantor loan, or a 20% deposit, and we can still find your best deal across 35+ lenders. Think you may qualify? Contact us and we will confirm straight away.

Your income

How do lenders assess optometrist income?

Not every bank accepts every type of optometry income. The wrong one can decline you or lend you far less. We walk you into the right one first.

Base PAYG salary

Every lender accepts 100% of this with two payslips. Just changed employers? Some lenders want you past probation, others accept your first payslip.

Hourly rate plus bonuses

Common in corporate chains. Some lenders count 100% of your bonuses, others only 80%, and the period they look at varies. The right one can add $50,000 to $100,000 to your borrowing power.

Multiple practices

Payroll income from each practice usually adds together. ABN income may count as self-employed. We find the lenders that count everything.

Contractor invoices through your ABN

Most lenders want two years of tax returns. Some accept invoices, BAS, and a young ABN with prior PAYG history. We know which lenders say yes.

Practice owners

Drawings, director fees, trust distributions. Some lenders assess one year of tax returns. We make your income read as one clear story.
Self-employed guide

Mixed income

A permanent role plus locum shifts, or wages plus practice profit. Some lenders only count one stream. We find the ones that count both.
How it works
Your career stage

What is the best optometrist home loan for your career stage?

The right move depends on where you are in your career, what you earn, and where you want to end up.

New graduate buying your first home

An optometrist home loan lets you buy with a 5% to 10% deposit and no LMI. NSW first home buyers can also pay less stamp duty, or none at all. Read our first home buyer guide.

Example scenario

Emma, new graduate optometrist earning $90,000 at a corporate chain. She has $45,000 saved and wants a $650,000 apartment in Sydney. At 90% LVR her loan is $585,000. As a first home buyer under $800,000 in NSW she pays zero stamp duty. As an optometrist she pays zero LMI, where a regular borrower pays about $14,600. Her upfront cost is about $67,500 instead of $82,100.

Experienced optometrist upgrading to a family home

The equity in your current home can fund the deposit on your next one. Keep the first as an investment, and your LMI waiver applies to the new purchase too. The trick is the right lender for your bonus income. Read our buying your next home guide.

Example scenario

Tom, experienced optometrist earning $130,000 including $20,000 in performance bonuses. He keeps his $700,000 apartment as an investment and buys a $1,100,000 family home at 90% LVR. Zero LMI saves him about $24,600. The right lender counts 100% of his bonus income, lifting his borrowing power by over $60,000 compared with a lender that discounts bonuses.

Practice owner building an investment portfolio

With some lenders, the waiver covers investment properties too, often up to 90% and sometimes 95% LVR. We set up each loan on its own to keep your structure clean. Want interest-only? Tell us early, it changes the lender choice.

Example scenario

Dr. Singh, practice owner with a $1.2M home loan and one investment property. She paid LMI on both before she knew the waiver existed. She refinances both with waived LMI, a lower rate, and $4,000 cashback per property. She saves $12,000+ a year in interest and picks up $8,000 in cashback, with no LMI even above 80% LVR.

Self-employed optometrist or practice partnership

Drawings, trust distributions, partnership profit, and part PAYG make a messy picture. Some lenders accept one year of financials, BAS, or an accountant letter. We make every stream read as one clear story. Read our self-employed home loan guide.

Refinancing your existing home loan

Paid LMI the first time? Refinancing as an optometrist means you switch without paying it again, even above 80% LVR. Add a lower rate and you can save thousands a year. Some lenders run cashback offers too, and we track them.

Rentvesting: rent where you live, invest where it grows

Rent near your practice, buy an investment property where prices grow. With select lenders, your LMI waiver applies there too, at up to 90% to 95% LVR. Chat to your accountant about the tax side. Explore pathways to ownership.

Borrowing power

How can optometrists maximise their borrowing power?

Our founder spent 8+ years inside a major bank approving and declining loans. He knows what gets a yes. Your application gets built to be approved at the highest amount.

Pre-assessed before submission

Most brokers submit and hope. We check your file against the lender's credit rules first, so problems get fixed before they cause a decline.

Tested across every lender

On the same income, the gap between lenders can be $200,000 to $400,000. We find the one that reads your bonuses, ABN income, and debts the best way.

Straight to the medico team

Pricing and income rules you cannot get through a branch. We deal with the medico teams directly and push for sharper pricing.

Quick wins before you apply

A credit card cuts your borrowing power by $30,000 to $50,000 for every $10,000 of limit. Cancelling unused cards can add $100,000+.

Your schedule respected

Optometrists see patients back to back, so we work around you. Weekdays 9am to 9pm, weekends 9am to 6pm. We handle everything to settlement.

Inside lending experience

Ali Hasani spent 8+ years as a Senior Mobile Lending Specialist at one of Australia's big four banks. MFAA accredited, with a perfect settlement record.
Meet the team
How it works

How do you get an optometrist home loan?

1

Free assessment

We check your AHPRA registration and your income, then find the lender with the highest LVR and waived LMI for you.
2

Compare and choose

See your best options side by side. Waiver limits, rates, fees, offsets, and which lender reads your income best.
3

Settle with zero LMI

We handle the application, valuation, and settlement. Your loan settles with no LMI, then we review your rate every year.
Plan ahead

How much can I borrow as an optometrist?

Your results will look different to standard calculators, because medico loans let you borrow at a higher LVR without the LMI bill.

Property deposit calculator

Enter your savings and see your maximum purchase price at 80%, 90%, and 95% LVR, stamp duty included. Your 90% result is real, with no LMI.
Calculate

Home equity calculator

See how much equity you can pull from your current property for your next home or investment.
Calculate

Mortgage repayment calculator

Estimate your repayments across different rates and terms before you commit.
Calculate

Home loans for optometrists, optometrist home loans, mortgage for optometrists and waived LMI for employed optometrists, corporate chain optometrists, new graduates, locums and practice owners across Sydney and Australia-wide.

Client reviews

5.0 ★★★★★ on Google

★★★★★
"Cannot recommend Ali highly enough. He made a complicated and daunting process incredibly easy, and continually went above and beyond. Would absolutely recommend him to everyone."
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★★★★★
"Ali has a wealth of knowledge and experience. Was kind and patient with all of my questions and helped me refinance my home loan and investment loans. Highly recommend!"
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★★★★★
"Ali is our trusted advisor for a long time. He has given us excellent service on loans and structured our loans in the right way. He is always available and quick to respond. Highly recommend his services!"
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FAQ

Frequently asked questions about home loans for optometrists

Real answers to the questions optometrists ask us every day.

What is an optometrist home loan?
A loan with special perks for AHPRA registered optometrists. The big one is waived LMI above 80% LVR, usually up to 90% to 95%. You may also get discounted rates, higher loan caps, and a friendlier reading of your income. Lenders offer it because optometrists have stable incomes and almost never default.
Why do optometrists get special home loan deals?
Optometrists almost never miss repayments and have strong job security, with steady demand for vision services across Australia. Banks also want you as a long-term customer, from savings to practice banking.
How much deposit does an optometrist need?
5% to 10%, with 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.
Do I need AHPRA registration?
Yes. Lenders check your registration with the Optometry Board of Australia, most directly on the AHPRA website. Most accept general registration, and some accept provisional for new graduates. Some also take your degree or your tax return as proof of profession. Not sure? Ask us.
Do I need to be a member of Optometry Australia?
Not with all lenders. Some want Optometry Australia membership on top of AHPRA registration. Others accept AHPRA registration alone. Not a member? We find the lenders that do not ask for it.
Is there an income requirement?
It varies. Some lenders put optometrists in their top tier with no minimum income. Others want your income from optometry above a set level, and some want your main income to come from the profession. The lines move, so we match you with the lender that fits your income.
What is the maximum loan amount?
It depends on the lender, and the caps move. As a guide, total lending can reach $7.5 million with some lenders. What you can borrow still comes down to your income and debts. We check the current caps for you.
Can I get waived LMI on an investment property?
Yes. Some lenders extend the waiver to investment property purchases at up to 90% to 95% LVR. Others cap it lower or not at all. We structure separate splits so your investment lending stays clean for tax time.
How does bonus income affect my borrowing power?
Many optometrists in corporate chains earn performance bonuses. Some lenders count 100% of them, others only 80%, and the period they look at varies. The right lender can add $50,000 to $100,000 to your borrowing power.
Can self-employed optometrists get an optometrist home loan?
Yes. Self-employed optometrists can get waived LMI too. Most lenders want two years of tax returns. Some accept one year, BAS, or an accountant letter. We check the current rules for you.
Can locum optometrists get a home loan?
Yes. Some lenders treat ABN locum income as self-employed. Others accept a shorter history with invoices, BAS, and proof of your previous PAYG work. We package it the way each lender wants.
Does my debt-to-income ratio affect my optometrist home loan?
Yes, at some lenders. High debts compared with income can lower your maximum LVR under the waiver. Each lender draws the line in its own place, and the lines move. We check where you sit first.
Can I get interest-only repayments with an optometrist home loan?
It depends. Some lenders only allow principal and interest under the waiver. Others allow interest-only for a set period, more often on investment loans. Tell us early, it changes which lender we pick.
Can I build a home with an optometrist home loan?
Sometimes. Some lenders extend the waiver to fixed-price building contracts. Others rule out construction loans and vacant land. If building is your plan, we check the current policy for you.
Do optometrist home loans have higher interest rates?
No. Optometrist home loans usually match or beat standard rates. Many lenders offer medico-only discounts, and some give optometrists the 80% rate at 90% LVR.
Can I refinance and avoid LMI as an optometrist?
Yes. You can refinance to a new lender with waived LMI even above 80% LVR. Gold if you paid LMI before you knew optometrist home loans existed.
What documents do I need?
ID, AHPRA registration, proof of income (two payslips, or tax returns if self-employed), bank statements, and details of any loans. We give you a checklist built for your situation.
My spouse is an optometrist. Can we get an optometrist home loan?
Yes. Joint applications with an eligible optometrist can get the waiver. Most lenders want the optometrist on the title and the loan. Your income counts toward borrowing power too.
Can I combine the LMI waiver with stamp duty concessions?
Yes. The waiver comes from the lender, stamp duty concessions from the NSW government, so you can stack them. That can mean zero stamp duty and zero LMI, $30,000+ in combined savings. We check what applies to you.
How quickly can I get pre-approved?
Optometrists with simple PAYG income can be pre-approved within hours to a few days. Complex files take longer. Pre-approval lasts about 90 days.
Should I use a broker or go to my bank?
Your bank can only offer its own product. As a mortgage broker for optometrists, we compare 35+ lenders that all differ on LVR, income rules, and caps. A branch may not even mention the medico rate. Our service costs $0 either way.
How much does a mortgage broker cost?
$0. The lender pays us a commission (typically 0.45% to 0.65% of the loan) at settlement. Your rate is the same either way. Meet our team.
Does it matter if I work for a corporate chain?
No. Corporate chain, independent practice, hospital, or community clinic, you qualify as long as you hold AHPRA registration. Your employer type does not change your eligibility.
Can I get an optometrist home loan with a trust or company structure?
Some lenders allow it, usually where the optometrist is a trustee and beneficiary, or a director and owner. Others only accept individual borrowers. The lender choice decides whether you keep the waiver, and we know who works with your structure.
Are there postcode restrictions on optometrist home loans?
At some lenders, yes, often regional or mining towns. Most city properties are fine. The lists change, so we check your suburb before we apply.
Do school fees affect my borrowing power as an optometrist?
Yes. Private school fees of $20,000 to $40,000 per child per year cut your borrowing power. Some lenders treat them more harshly than others, and we find the one that hits you least.
What loan features do optometrists get access to?
All the usual: fixed and variable rates, 100% offset, redraw, splits, interest-only where allowed, and lines of credit. Some lenders even waive package fees for health professionals.
How do credit cards affect my borrowing power?
A lot. Lenders treat your limit as fully spent, even if you clear it monthly. A $10,000 limit cuts borrowing by about $30,000 to $50,000. Cancelling unused cards before you apply is an easy win.
Can I get an optometrist home loan with HECS-HELP debt?
Yes. HECS lowers what you can borrow but will not stop approval. Some lenders treat it more kindly than others, and we know which.
Do buy now pay later accounts affect my application?
Yes. Active Afterpay, Zip, or Humm accounts count as debts and cut your borrowing power. Close them before you apply.
What happens if I leave optometry?
Nothing bad. The waiver is checked when you apply, and once settled your loan is unchanged. Only catch: a future refinance needs current registration for a new waiver.
Can I get an optometrist home loan on a temporary visa?
Some lenders accept temporary visa holders, often with a lower maximum LVR or a bigger deposit. Permanent residents and citizens have the widest choice. Ask us and we will check your visa type.
Are there property type restrictions on optometrist home loans?
Standard homes are covered: houses, townhouses, and apartments. Some lenders rule out very small apartments or rural properties, others accept far more. You can get conditional approval before you find a property.
Can I buy multiple investment properties with an optometrist home loan?
Yes. No set limit on properties, as long as you can service the debt. Some lenders cap total lending with them, so we spread loans across lenders and structure each on its own.
What are optometrist home loan interest rates?
Usually the same as or better than standard rates, with medico-only discounts through professional banking teams. Rates change all the time, so contact us for today's best.
What is debt recycling and can optometrists use it?
It turns home loan debt you cannot deduct into investment debt you can, using equity and separate splits. Talk to your accountant about whether it suits you, then talk to us about the loan setup.
All professions

Which professions qualify for no LMI home loans?

Use your professional status to skip LMI and get cheaper rates, whatever your industry.

Doctors

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Dentists

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Veterinarians

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Pharmacists

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Physiotherapists

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Chiropractors

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Psychologists

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Osteopaths

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Podiatrists

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Sonographers

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Lawyers

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Accountants

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Bankers

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Auditors

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Actuaries

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All no-LMI loans

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Your best optometrist home loan is one call away.

We compare 35+ lenders, find the highest LVR with waived LMI, push for a sharper rate, and handle everything. $0 cost.

0426 002 202 Let's meet

MFAA member. 10+ years lending experience.

Optometrist home loan Sydney specialists helping eye care professionals across 220+ suburbs and Australia-wide. Meet our team. Service regions: Sydney CBD, Sydney Central, Eastern Suburbs, Northern Beaches, North Shore, Inner West, Sutherland Shire, Hills District, St George, Canterbury-Bankstown, Western Sydney, Penrith.