Home loans for Veterinarians

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

Home loans for veterinary professionals

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

Waived LMI at up to 95% LVR, and most lenders set no minimum income. Your Sydney vet mortgage broker, 35+ lenders compared, $0 cost to you.

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35+
Lenders
95%
Max LVR, no LMI
$78k+
Max LMI saved
$0
Cost to you

How do home loans for veterinarians work?

As a vet, some lenders waive Lenders Mortgage Insurance (LMI) when you borrow up to 90% to 95% of the property value. Many add a rate discount through their medico banking teams, and most set no minimum income. On one purchase that can save you $16,800 to $78,600 or more.

Vets are well supported by lenders, but the policies vary a lot. Maximum LVR runs anywhere from 85% to 95%. Some lenders cover construction and vacant land, some do not. Some allow interest-only, some insist on principal and interest. Some accept a trust or company structure, some only your own name. So the lender choice is everything, and that is our job as a mortgage broker for veterinarians.

We know how vets earn: clinic salary, emergency overtime, locum invoices, practice drawings, or a mix. One thing sets you apart. Vets register through state Veterinary Practitioner Boards, not AHPRA, and the way lenders verify that differs by state. We handle it. First home buyers can stack the LMI waiver with the NSW stamp duty concession, and owners can use equity to invest or refinance with the LMI waived again. Our service costs you $0.

The numbers

How much LMI do veterinarians save?

LMI is one of the biggest upfront costs when you buy with less than a 20% deposit. As a vet, it is waived at up to 90% to 95% LVR depending on the lender.

Property valueLVRLoan amountLMI (non-vet)Vet 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. Assumes standard residential, owner-occupied, principal and interest. 95% LVR is available with select lenders. 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 a vet home loan?

We verify your state board registration, work out your borrowing power across 35+ lenders, and show you the highest LVR with waived LMI for your situation. 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 veterinarians?

Vets are well supported, but lender policies swing widely on LVR, construction, interest-only, and trust structures. The right lender for you is not obvious from the outside.

35+ lenders compared

Max LVR runs from 85% to 95%. Some cover construction, some allow interest-only, some accept trusts. We line them all up and show you the winner for your plan.

LMI waived. $16,800 to $78,600+ saved

A regular borrower pays about $39,300 in LMI on a $1M property at 95% LVR. You pay nothing. Paid LMI before? Refinance with the waiver and never pay it again.

Your income read right

Clinic salary, emergency overtime, locum invoices, practice drawings. Some lenders count overtime at 100%, others cut it back. 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, and track cashback offers when you switch.

$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 your income grows 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 professionals qualify for waived LMI?

Registered vets are firmly on the list, alongside doctors, dentists, and a wide run of allied health and other professions. These roles may be eligible with the right lender:

  • 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

Not every lender waives LMI for every role on this list, and the terms differ. If your occupation is here and you think you may qualify, ask us and we will confirm straight away.

Do veterinarians need AHPRA registration?

No. Unlike doctors and dentists, vets are not registered through AHPRA. Your registration is with your state or territory Veterinary Practitioner Board. Generalist or specialist registration qualifies. Verification differs by state: in most states a printout from the board website is enough, while in WA and ACT you may need to email the board for a confirmation letter, which takes a little longer. New graduates can qualify once registered, sometimes straight away and sometimes after probation. We sort out the verification for your state.

Who does not qualify for a vet home loan?

Veterinary nurses, technicians, practice managers, and other support staff do not qualify for the vet waiver, which is for registered practitioners only. Vet students and provisional, limited, or non-practising registration usually miss out too. Other paths in: the Home Guarantee Scheme, a guarantor loan, or a 20% deposit. Either way, we can still find your best deal across 35+ lenders.

Your income

How do lenders assess veterinarian income?

Vets earn in very different ways depending on the setting. The wrong lender can cut your borrowing power hard. We walk you into the right one first.

Base PAYG salary

Every lender takes 100% of this with two payslips. Covers clinics, animal hospitals, emergency centres, corporate groups, and government roles. Just changed jobs? Some lenders want you past probation, others accept your first payslip.

Overtime and after-hours

Emergency and hospital vets often earn big overtime and allowances. Some lenders count this at 100% with the right evidence. Others take only half. The right lender here can add $50,000 to $150,000 to your borrowing power.

Multiple clinics

Split your week across two or three clinics? Payslips from each usually add together as PAYG. ABN invoices may count as self-employed. We find lenders that count every stream.

Locum and contractor income

Locum income through an ABN is usually read as self-employed. Most lenders want two years of returns, some accept one, and if your ABN is young but you have prior PAYG vet history, certain lenders accept a shorter run.
Self-employed guide

Practice owners

Drawings, director fees, trust distributions. Standard is two years of returns, but some lenders accept one. A few allow the waiver through a family or unit trust where you are trustee.
How it works

Mixed income

Part-time at a clinic and running your own practice? Some lenders only count the main stream, others add both. We match you with the one that counts everything.
Your career stage

What is the best vet 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 vet buying your first home

A vet home loan lets you buy with a 5% to 10% deposit and no LMI, and most lenders set no minimum income, so it works from day one. NSW first home buyers can also pay less stamp duty, or none at all. Read our first home buyer guide.

Example scenario

Sophie, new graduate vet, earning $75,000 at a suburban clinic. She has $50,000 saved and wants a $700,000 apartment in Sydney. At 95% LVR her loan is $665,000. She needs about $35,000 deposit plus around $2,500 in legal costs. As a first home buyer under $800,000 in NSW she pays zero stamp duty. As a vet she pays zero LMI, where a regular borrower pays about $27,500. Sophie's upfront cost is about $37,500 instead of about $65,000.

Experienced vet 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 vet LMI waiver applies to the new purchase too. The trick is a lender that counts your overtime at full value and gives you the highest LVR. Read our buying your next home guide.

Example scenario

James, emergency vet earning $140,000, including $20,000 in overtime and after-hours allowances. He owns a $750,000 apartment with $300,000 equity and buys a $1,200,000 family home. He keeps the apartment as an investment. At 90% LVR his new loan is $1,080,000. Zero LMI saves him about $26,900. He pays stamp duty of about $48,500. The right lender counts his overtime at 100%, lifting his borrowing power by $80,000 or more over a lender that only counts half.

Practice owner building an investment portfolio

With most lenders, the waiver covers investment properties too, up to 90% to 95% LVR. We set up each loan on its own to keep your structure clean. Interest-only availability varies by lender, so tell us early.

Example scenario

Dr Nguyen, practice owner with a $1.5M home loan and one investment property. She paid LMI on both the first time around. By refinancing both to a lender that waives LMI, at a lower rate with cashback of about $4,000 per property, she saves $12,000 or more a year in interest and picks up about $8,000 in cashback across the two loans. No LMI is payable on the refinance, even though both properties sit above 80% LVR.

Transitioning from employed to practice ownership

Planning to buy into or start a practice? Timing matters. While you are on PAYG, proving income is simpler and the widest range of lenders is open to you. Once you are self-employed, most lenders want two years of tax returns, though some accept one. We help you sort the order: lock in your loan while still employed, then make the move. Read our self-employed home loan guide.

Refinancing your existing home loan

Paid LMI the first time, before you knew about vet home loans? Refinancing as a vet means you switch without paying it again, even above 80% LVR. Add a lower rate and you can save thousands a year. Some lenders add cashback too, and we track them.

Rentvesting: rent where you live, invest where it grows

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

Borrowing power

How can veterinarians 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 $100,000 to $400,000. We find the one that counts your overtime at 100% and reads your practice income 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 or more.

Your schedule respected

Vets spend the day treating animals, not chasing banks. 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 a vet home loan?

1

Free assessment

We verify your state board registration and read your income, then find the lender with the highest LVR and waived LMI for your role.
2

Compare and choose

See your best options side by side. Waiver LVR limits, rates, fees, offsets, interest-only, construction, 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 a veterinarian?

Your results will look different to standard calculators, because the vet waiver lets 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% or 95% 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 veterinarians, vet home loans, medico home loans and waived LMI for veterinarians, emergency vets, locum vets, practice owners and veterinary professionals across Sydney and Australia-wide.

Client reviews

5.0 ★★★★★ on Google

★★★★★
"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."
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★★★★★
"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."
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★★★★★
"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."
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FAQ

Frequently asked questions about home loans for veterinarians

Real answers to the questions vets ask us every day.

What is a veterinarian home loan?
A home loan with special perks for registered vets. The big one is waived LMI above 80% LVR, up to 90% or 95% with select lenders. You may also get a discounted rate, higher loan amounts, and a friendlier read of your income. Lenders offer this because vets have very low default rates and steady demand.
How much deposit does a veterinarian need?
With the right lender, 5% to 10% and no LMI. On a $1,000,000 property that means $50,000 to $100,000 instead of $200,000. The best lenders reach 95% LVR for owner-occupiers. Use our property deposit calculator to see your maximum purchase price.
Do I need AHPRA registration?
No. Vets are not registered through AHPRA. Your registration is with your state or territory Veterinary Practitioner Board. Lenders check it on the board website, or in WA and ACT you may need to email the board for a confirmation letter. Generalist or specialist registration qualifies. Provisional, limited, and non-practising registration do not.
Is there an income requirement?
Most lenders set no minimum income for the vet waiver, which is what makes it work from day one of your career. A small number of lenders outside the majors do set a floor. Your income just needs to come mainly from vet work.
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. A few set a higher LVR on lower-priced properties and pull it back on pricier ones. What you can borrow still comes down to your income and debts.
Can I get waived LMI on an investment property?
Yes. Most lenders extend the waiver to investment property purchases, at 90% to 95% LVR depending on the lender. Some offer the same LVR for owner-occupied and investment. We set up separate splits so your investment lending stays clean, and you can talk to your accountant about the tax side.
Can self-employed veterinarians get a vet home loan?
Yes. Self-employed vets can access the waiver too. Most lenders want two years of tax returns. Some accept one year if you have been self-employed for at least a full financial year. A few accept loans through a trust or company where you hold direct ownership or are a director.
Can locum veterinarians get a home loan?
Yes. Locum income through an ABN is usually read as self-employed. Some lenders accept a shorter history with invoices, BAS, and proof of earlier PAYG work. If your ABN is young but you have prior PAYG vet history, certain lenders accept a shorter run.
Does my debt-to-income ratio affect my vet home loan?
Yes, at some lenders. High debts next to your income can pull your maximum LVR back, say from 95% to 90%. Each lender draws the line in its own place, and the lines move. Clearing unused cards and paying down debt helps.
Can I get interest-only repayments with a vet home loan?
It depends on the lender. Some allow principal and interest only under the waiver. Others allow interest-only for investment at up to 90% LVR, and owner-occupied interest-only at up to 80%. A few allow interest-only converting to principal and interest at the full waiver LVR. Tell us early, it shapes the lender choice.
Can I build a home with a vet home loan?
Sometimes. Some lenders extend the waiver to fixed-price building and even vacant land. Others rule construction loans and land out entirely. If building is your plan, we check the current policy for you before you commit.
Can I get a vet home loan with a trust or company structure?
Yes, with some lenders. A few accept the waiver for a family trust where you are trustee and beneficiary, or a unit trust where you are trustee and hold a meaningful share. Others only accept your own name, with no company or trust. The lender choice decides whether you keep the waiver.
Are there postcode restrictions on vet home loans?
At some lenders, yes, often mining towns or areas with volatile prices, and sometimes high-density units in certain postcodes. Most city properties are fine. We check your suburb before we apply.
Do school fees affect my borrowing power as a vet?
Yes. Lenders count school fees as a committed expense. Private 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.
Do vet home loans have higher interest rates?
No. Vet home loans usually match or beat standard rates. Many lenders add medico only discounts through their professional banking teams. Some give vets the rate at 90% LVR that other borrowers only get at 80%. Rates move daily, so ask us for today's best.
Can I refinance and avoid LMI as a vet?
Yes. You can refinance to a lender with waived LMI even above 80% LVR. Handy if you paid LMI before you knew about vet home loans. Add a lower rate and possible cashback, and refinancing can save thousands a year.
What documents do I need?
ID, state board registration, proof of income (two payslips, or tax returns if self-employed), bank statements, and details of any loans. Practice owners may need an accountant's letter and business financials. We give you a checklist built for your situation and state.
My spouse is a veterinarian. Can we get a vet home loan?
Yes. Joint applications with an eligible vet can get the waiver. Most lenders want the vet on the title and the loan. Your partner's 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. On a $750,000 first home in NSW, that can mean zero stamp duty and zero LMI, saving $16,800 to $29,500 or more in LMI alone, plus the full stamp duty.
How quickly can I get pre-approved?
Vets with simple PAYG income and current registration can be pre-approved within a couple of business days, sometimes faster. Self-employed or mixed income files take longer. Pre-approval lasts about 90 days.
Should I use a broker or go to my bank?
A bank only offers its own product. Vet policies swing widely between lenders on LVR, loan size, interest-only, construction, trust structures, and income rules. A branch may not even offer you the medico rate. As a mortgage broker for vets, we compare 35+ lenders so you get the best overall deal. The service costs $0.
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.
Are veterinary nurses eligible for a vet home loan?
No. Vet nurses, technicians, practice managers, and other support staff do not qualify for the vet waiver. The Home Guarantee Scheme or a guarantor loan are other ways in.
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, and several cards can cost you $100,000 or more. Cards can also nudge your LVR down under the waiver at some lenders. Cancel unused cards before you apply.
Can I get a vet home loan with HECS-HELP debt?
Yes. HECS lowers what you can borrow but will not stop approval. Lenders count the compulsory repayment as a committed expense. With five years of study behind most vets, balances can be sizeable, and some lenders treat HECS more kindly than others.
Do buy now pay later accounts affect my application?
Yes. Active Afterpay, Zip, or Humm accounts count as debts and cut your borrowing power. Some lenders view them poorly. Close them before you apply.
What happens if I leave veterinary practice?
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 a vet home loan on a temporary visa?
Some lenders accept temporary visa holders, though the terms can differ: a lower LVR, a bigger deposit, or property limits. Most vet benefits are easiest for citizens and permanent residents. Contact us to check your visa type.
How much can a veterinarian borrow?
It comes down to your income, debts, expenses, and the lender. Vets can often borrow more at the same income thanks to steady careers. As a guide, total lending can reach $7.5 million with some lenders. Use our mortgage repayment calculator, or book a free assessment for your numbers across 35+ lenders.
What loan features do veterinarians get access to?
All the usual: fixed and variable rates, 100% offset, redraw, splits, and interest-only where allowed. Some lenders waive package fees for vets. The waiver does not limit your features.
What are vet home loan interest rates?
Usually the same as or better than standard rates, with medico only discounts through professional banking teams. Some give vets the rate at 90% LVR that others only get at 80%. Rates change all the time, so contact us for today's best.
Are there property type restrictions on vet home loans?
The waiver covers standard homes: houses, townhouses, and apartments. Some lenders limit small apartments, high-density buildings, or rural properties, while others accept prestige homes and vacant land. Not found a place yet? You can get conditional pre-approval for about 90 days.
Can I buy multiple investment properties with a vet home loan?
Yes. There is no set limit on properties, as long as each sits within the lender's caps and you have the borrowing capacity. As a guide, total lending can reach $7.5 million with some lenders. To grow a portfolio, loans are spread across lenders and set up on their own. Chat to your accountant about the tax side.
Why do veterinarians get special home loan deals?
Vets have very low default rates, strong job security, and steady demand across Australia. Your income grows from new graduate to clinician to practice owner. Lenders also like the long-term relationship, since vets often hold savings, cards, and practice banking with the same institution.
Can I get a vet home loan with overseas qualifications?
If you hold current registration with your state Veterinary Practitioner Board and are living and working in Australia, you can access the vet home loan whatever your original university. Lenders check the state board, not the degree. Temporary visa holders may face extra limits depending on the lender.
What is debt recycling and can vets 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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Optometrists

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Podiatrists

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Physiotherapists

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Chiropractors

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Psychologists

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Osteopaths

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Sonographers

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Pharmacists

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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 vet home loan is one call away.

We compare 35+ lenders, verify your state board registration, 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.

Vet home loan Sydney specialists helping veterinary 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.