Home / Home loans for doctors
Home loans for doctors with no LMI.*
Buy with a 5% deposit and pay no lenders mortgage insurance if you’re eligible. We find the lenders that count your overtime, not just your base salary.
Lenders mortgage insurance (LMI) usually applies when you borrow more than 80% of a property’s value. On a $1 million purchase with a 10% deposit, LMI can add well over $20,000 to the loan. Many lenders waive LMI for eligible medical professionals, allowing you to borrow up to 90–95% of the property’s value without it, often with loan limits in the multi-million-dollar range.
Who qualifies
- GPs and specialists with full or specialist registration
- Hospital doctors, registrars and residents, with some lenders
- Dentists, vets and some allied health professionals
Eligibility differs a lot between lenders. Some include residents and registrars; others need full registration or a minimum number of years in practice. Some apply the waiver to investment properties; others only to the home you live in.
How lenders treat doctors’ income
- Overtime and allowances: some lenders count 100% of regular overtime, others around 80%.
- Private billings and ABN income: some accept recent billing statements instead of two years of tax returns.
- Contracted future income: some lenders consider signed contracts for upcoming roles.
Investment loans for doctors
Some lenders extend medical LMI waivers to investment properties, sometimes at a lower maximum LVR. We’ll also look at offset accounts for variable income, interest-only periods during training, and keeping capacity for a future practice purchase.
Check your LMI saving
Find out which lenders accept your registration type and how much you could save.
Checking your options won’t affect your credit score. We collect your details to respond to your enquiry; see our Privacy Policy.
Home loan FAQs
Do doctors have to pay lenders mortgage insurance (LMI)?
Often not. Many lenders waive LMI for eligible doctors with full AHPRA registration, usually up to 90–95% of the property value and within set loan limits. Rules differ by lender, specialty and registration type, and every loan is subject to credit assessment.
Do junior doctors and registrars qualify for medical lending policies?
Some lenders include interns, residents and registrars, while others need full or specialist registration. We match your registration type to lenders that accept it.
How do lenders treat overtime and allowances?
Policies vary. Some lenders count 100% of regular hospital overtime with a short history, while others shade it to around 80%. Choosing the right lender can noticeably change your borrowing capacity.
Can I get an LMI waiver on an investment property?
Some lenders extend medical LMI waivers to investment loans, sometimes at a lower maximum LVR. Others limit them to owner-occupied homes. Check your eligibility with a specialist.
Does checking my eligibility affect my credit score?
No. Our eligibility check and first consultation involve no credit enquiry. A credit check happens only when you choose to apply with a lender.
Talk to a medical finance specialist.
A free, no-obligation chat. We respond within one business hour, and it won’t affect your credit score.