As a podiatrist, you qualify for home loan benefits most borrowers cannot access: waived Lenders Mortgage Insurance (LMI) at up to 90% LVR, discounted interest rates through medico banking divisions, and loan amounts up to $5 million per property. On a single purchase, this can save you $15,000 to $45,000+. Not all lenders accept podiatrists for their LMI waiver, and some that do require a minimum $90,000 income, so lender selection matters more for podiatrists than for most other medical professions.
We specialise in podiatrist home loans. We know which lenders explicitly list podiatrists on their eligible profession list with no income requirement, which classify podiatrists in a second tier with a $90,000 threshold, and which exclude podiatrists entirely from their medico waiver. We compare 35+ lenders so you get the best deal for your situation, whether you work in a public hospital, a group practice, or run your own clinic.
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 $25,000+ 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 podiatrist 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 podiatrist, it is waived entirely at up to 90% LVR. Here is what a regular borrower would pay, and what you save:
| Property Value | LVR | Loan Amount | Estimated LMI (non-podiatrist) | Podiatrist Saves |
|---|---|---|---|---|
| $750,000 | 90% | $675,000 | ~$16,800 | ~$16,800 |
| $1,000,000 | 90% | $900,000 | ~$22,400 | ~$22,400 |
| $1,500,000 | 90% | $1,350,000 | ~$33,600 | ~$33,600 |
| $2,000,000 | 90% | $1,800,000 | ~$44,800 | ~$44,800 |
Estimates only. Actual LMI costs vary by lender, insurer, state, and borrower profile. Assumes standard residential property, owner-occupied, principal and interest repayments. The podiatrist LMI waiver is available at up to 90% LVR (not 95%). Use our property deposit calculator for your exact numbers, or book a free consultation for your personalised LMI saving.
A mortgage for podiatrists requires a broker who understands medico lending policies, AHPRA registration, and podiatric income structures:
Not all lenders offer podiatrist home loans. Some explicitly exclude podiatrists from their medico waiver, with no exceptions. Others accept podiatrists but only with a minimum $90,000 income. The lenders that do waive LMI for podiatrists cap at 90% LVR and have different policies on repayment type, maximum loan amounts (ranging from $3 million to $5 million per security), and aggregate exposure limits up to $7.5 million. You get every relevant lender compared against your registration, income, 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 podiatrist home loan, LMI is waived entirely at up to 90% LVR. 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. Read our LMI guide for more detail.
Your income is unique: PAYG salary from a hospital or community health centre, fee-for-service billings, contractor invoices, practice drawings, or partnership distributions. Some lenders accept fee-for-service income at full value if paid through the clinic's payroll with tax withheld. Others treat it as variable income requiring longer history. Some require that the primary source of income be derived from podiatry. The wrong lender means less borrowing power or a declined application. You get matched to the lender that assesses your podiatric 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. 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 new graduate to experienced practitioner 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. Podiatrists are accepted by select lenders only. 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 podiatric 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. This is the most common structure for podiatrists employed in public hospitals, community health centres, and group practices. If you have recently changed employers, some lenders require you to have passed probation while others accept income from your first payslip. You must be currently employed and working in Australia to qualify for the LMI waiver with most lenders.
Many podiatrists in private practice earn fee-for-service income based on patient consultations. Some lenders treat this as PAYG if paid through the clinic's payroll with tax withheld. Others treat it as variable income requiring longer history. The calculation period varies: some use the most recent 3 months, others 6 or 12 months. Choosing the right lender can increase your borrowing power significantly.
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 if you have prior PAYG history in the same profession. Our self-employed home loan guide covers the full range of verification options.
Casual income is acceptable with most lenders. Most require 12 months with your current employer, but a few accept casual income with as little as 3 months. For podiatrists working across multiple clinics, income paid through invoices to an ABN may be treated as self-employed income by some lenders. Others accept a shorter history with invoices, BAS, and evidence of previous employment.
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. Verification can be via AHPRA registration, your Australian university degree, or the most recent tax return showing your occupation. A podiatrist with a PAYG role at a hospital and part profit from their own clinic looks stronger than a pure contractor file.
Many podiatrists earn from multiple sources: a salaried role at a hospital plus fee-for-service income at a private clinic, or a salary plus practice profit share. Some lenders only assess the primary income stream and ignore secondary income. Others combine both but apply different serviceability rules to each. Some also require that the primary source of income be derived from podiatry. You get matched with the lender that maximises borrowing power by accepting all your income streams together.
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 from practice ownership, fee-for-service billing, and mixed revenue streams is 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 accepts your fee-for-service income at full value, 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 $100,000 to $300,000 in borrowing power on the same income. We also check which lenders accept podiatrists without an income floor versus those requiring $90,000+.
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.
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 podiatrists, cancelling unused credit cards alone adds $100,000+ to borrowing power.
Podiatrists spend their days treating patients. 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 for podiatrists and health professionals 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 podiatrist home loan calculator tools to estimate your borrowing capacity, maximum purchase price, and repayments. Your results will differ from standard calculators because podiatrist loans allow higher LVR without LMI:
Enter your savings. See your maximum purchase price.
Our property deposit calculator works as a podiatrist borrowing capacity calculator. It shows your maximum purchase price at 80% and 90% LVR with stamp duty included. As a podiatrist 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 registration type and how you practise:
AHPRA-registered podiatrists with general registration can qualify at up to 90% LVR with no LMI. Some lenders have no income threshold for podiatrists. Others classify podiatrists in a second tier requiring a minimum $90,000 combined gross income from the profession. This covers podiatrists working in private clinics, public hospitals, community health centres, and group practices.
Read about LVR and how it affects your ratePodiatric surgeons with specialist AHPRA registration qualify under the same policies. Podiatric surgery is one of only three professions with specialist registration under the National Law (alongside medicine and dentistry). Specialist registration is accepted by all lenders that offer the podiatrist LMI waiver.
Read our full No LMI home loan guideNew podiatry graduates with general AHPRA registration can access the LMI waiver once registered. Some lenders require you to have been employed for at least 3 months or to have passed probation. If you have not yet reached the minimum income threshold required by some lenders, we identify lenders that do not impose an income floor for podiatrists. Students and retirees are excluded at all lenders.
Read our first home buyer guidePractice owners can access waived LMI provided they meet AHPRA registration and income verification criteria. Most lenders require two years of tax returns and financials. Some accept one year with BAS or an accountant's letter. Verification methods vary: some require AHPRA registration directly, others accept an Australian university degree or the most recent tax return confirming the profession. If you recently purchased or started a practice, we identify lenders that assess new business income most favourably.
Read about self-employed home loansSome lenders require podiatrists to earn a minimum of $90,000 per year from the profession for the LMI waiver. If you earn below this threshold, not all lenders will waive LMI. However, at least one lender on our panel has no income floor for podiatrists. Other pathways include the Home Guarantee Scheme, a guarantor loan, or saving a 20% deposit.
Explore all pathways to home ownershipPodiatry students (not yet registered), those with non-practising registration (unless on temporary leave such as parental leave), podiatry assistants, and foot care nurses do not qualify. Retirees are excluded even with active AHPRA registration. If you do not qualify, we can still help you find the best standard home loan through our panel of 35+ lenders.
Read about deposit optionsYour strategy should match your career stage, income, and goals:
A podiatrist home loan lets you purchase with a 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
Lisa, new graduate podiatrist earning $75,000 at a public hospital. She has $55,000 in savings and wants to buy a $550,000 apartment. At 90% LVR, her loan is $495,000. She needs $55,000 deposit plus approximately $2,500 in legal costs. As a first home buyer under $800,000 in NSW, she pays zero stamp duty. With the right lender (one that has no income floor for podiatrists), she pays zero LMI. A regular borrower at the same LVR would pay approximately $12,300 in LMI. Lisa saves ~$12,300.
Your built-up equity can fund the deposit on your next home. You can keep your first property as an investment. Your podiatrist LMI waiver applies to the new purchase as well. The key is choosing the right lender: one that accepts your fee-for-service income at full value and applies the smallest assessment rate buffer on your existing fixed rate loan.
Example scenario
Daniel, experienced podiatrist earning $110,000 (including $15,000 in fee-for-service income). He owns a $650,000 apartment with $200,000 equity and wants to buy a $950,000 family home. He keeps the apartment as an investment. At 90% LVR on the new home, his loan is $855,000. He pays zero LMI, saving approximately $21,300. The right lender uses 100% of his fee-for-service income (not discounting it as variable), maximising his borrowing power.
Podiatrist LMI waivers can apply to investment properties with some lenders at up to 90% LVR. Each investment loan is structured separately to maximise negative gearing deductions, avoid cross-collateralisation, and diversify across lenders.
Example scenario
Dr. Nguyen, podiatric surgeon with a $900K home loan and one investment property. She originally paid LMI on her home before knowing about the podiatrist waiver. By refinancing both loans with waived LMI to a lower rate with cashback ($4,000 per property), she saves $10,000+ per year in interest and receives $8,000 in cashback. The LMI waiver means no LMI is payable on the refinance despite both properties being above 80% LVR.
Practice drawings, trust distributions, partnership profit shares, and mixed PAYG create complexity standard lenders struggle with. Some accept 1 year of financials, BAS, or an accountant's letter. 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 podiatrist 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.
Read our refinance guideMany podiatrists want to live near their clinic but cannot afford to buy in the same area. Rentvesting lets you rent close to your practice while buying an investment property in a growth area. With select lenders, your LMI waiver applies to the investment property at up to 90% LVR. You claim tax deductions on the investment loan interest and build wealth through capital growth and rental income.
Explore pathways to ownership"I had a wonderful experience with Ali. He made the process very straightforward and easy to understand for a first home buyer. I will be recommending my friends use him."
"For all our refinancing and loan purchases, Ali at Buyvest has been a fantastic broker. His deep understanding of mortgage broking and finance translates into invaluable advice, empowering us to make confident choices."
"Ali was very professional and was able to help with our complicated loans to refinance. He kept us up to date throughout the process and made sure my wife and I understood everything before signing and that we had no issues after settlement. The process was very smooth as a result. Would definitely recommend."
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 podiatric income most favourably. Read our choosing the right finance guide.
The application is handled, AHPRA verification submitted, valuation arranged, and settlement coordinated. Your podiatrist 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 podiatrists ask us every day:
A home loan with special benefits for AHPRA-registered podiatrists. The main benefit is waived LMI when borrowing above 80% of the property value, up to 90% LVR. You may also receive discounted interest rates and more favourable income assessment. These benefits exist because lenders consider podiatrists low-risk borrowers with stable income and strong career security. Not all lenders offer this waiver for podiatrists, so lender selection is critical.
Podiatrists are AHPRA-registered health professionals with stable careers, consistent demand for services, and very low default rates. Lenders that classify podiatrists as eligible low-risk borrowers offer access to medico lending policies with waived LMI and discounted rates.
With a podiatrist home loan, you can purchase with a 10% deposit and no LMI. On a $900,000 property, that means $90,000 instead of $180,000 for a standard 20% deposit. Use our property deposit calculator to see your maximum purchase price based on your savings.
Yes. All lenders require current AHPRA registration through the Podiatry Board of Australia. General or specialist registration is required. Verification methods vary: some require AHPRA registration directly, others accept an Australian university degree or the most recent tax return confirming your occupation as a podiatrist.
It varies by lender. Some lenders have no minimum income requirement for podiatrists. Others require a minimum $90,000 combined gross income from the profession. If there are multiple eligible medicos on the application, the combined income can meet this threshold. We identify lenders that match your income level.
Varies by lender. Per-security limits range from $3 million to $5 million. Aggregate exposure limits (total lending across all properties with waived LMI above 80% LVR) go up to $7.5 million. 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% LVR. Not all lenders offer this for podiatrists. The loan is structured with separate splits for tax-deductible investment debt.
Yes. Self-employed podiatrists 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. Low doc loans are excluded from the LMI waiver at most lenders.
Yes. Some lenders impose a debt-to-income (DTI) cap. If your total debts relative to your gross income exceed the threshold, typically a DTI of 6, your maximum LVR may drop or the LMI waiver may not apply. Cancelling unused credit cards and paying down existing debts can improve your DTI.
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. If interest-only is important to your investment strategy, this is a key factor in lender selection.
Some lenders explicitly exclude construction loans and vacant land from the podiatrist LMI waiver. Others do not list construction as an exclusion. If building is part of your plan, we confirm which lenders cover construction under the podiatrist waiver and which do not.
No. Podiatrist home loans typically offer the same or better rates. Many lenders offer rate discounts specifically for health professionals through their medico banking divisions.
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 podiatrist home loans.
Personal ID (passport or licence plus citizenship or residency proof), AHPRA registration verification (or university degree or tax return confirming occupation), 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 podiatrist can access the LMI waiver. Most lenders require the podiatrist to hold at least equal ownership share on title and be a borrower on the loan. The non-podiatrist spouse's income also counts toward borrowing power. If you are both podiatrists, your combined income can meet the $90,000 threshold at lenders that require it.
Yes. The podiatrist 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 $25,000+ in combined upfront costs.
Podiatrists with straightforward PAYG income and clean AHPRA registration can be pre-approved within hours to a few days. Complex applications (self-employed, multiple income streams) may take longer. Pre-approval is valid for approximately 90 days.
A bank can only offer its own product. Some banks explicitly exclude podiatrists from their medico waiver. A broker compares 35+ lenders and knows which ones accept podiatrists. Different lenders offer different income thresholds ($0 versus $90,000+), maximum loan amounts, repayment type restrictions, and property exclusions. If you go to a branch, they may not offer you the medico rate or may not accept podiatrists at all. 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.
Some lenders accept the loan in the podiatrist's own name or through a related company or trust, provided the podiatrist is a director/owner or guarantor. Not all lenders allow this under the LMI waiver. If you use a trust or company for asset protection, lender selection is critical. 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. Most lenders apply the waiver without postcode restriction for standard metropolitan properties.
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, and line of credit. Interest-only availability varies by lender (see the interest-only FAQ above). The LMI waiver does not limit your feature access. Some lenders require linking to a loan package with an annual fee.
Your borrowing capacity depends on income, debts, expenses, and which lender you apply with. Each lender calculates differently, so using a broker across 35+ lenders maximises borrowing power. Borrowing power for the same podiatrist can vary by $100,000 to $300,000 between lenders. Use our mortgage repayment calculator to estimate repayments.
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+. 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 podiatry. If you refinance later and your AHPRA registration has lapsed, you would not qualify for a new LMI waiver. Your existing loan is unaffected.
Some lenders accept temporary visa holders, though terms may differ: lower LVR, higher deposit, or property restrictions. Permanent residents and citizens have the widest lender choice. Contact us to check eligibility for your visa type.
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. Construction loans and vacant land are explicitly excluded at some lenders. If you have not found a property yet, some lenders allow a pre-approval subject to valuation, valid for 90 days. Note that not all lenders offering the podiatrist waiver allow pre-approval (home seeker) applications.
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. Aggregate exposure limits for waived LMI above 80% LVR reach up to $7.5 million. To grow a portfolio, loans are spread across multiple lenders. 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. Rates change frequently, so we compare the latest fixed and variable offers across 35+ lenders and negotiate the best deal for your situation. Contact us for today's best podiatrist 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. 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.
Use our mortgage broker status and get cheaper interest rates across all professions:
Your best podiatrist home loan is one conversation away.
We compare 35+ lenders, verify your AHPRA eligibility, find the highest LVR with waived LMI, negotiate discounted rates, and handle everything. $0 cost.
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