Pharmacist Home Loans Australia | 95% LVR No LMI
- Borrow up to 95% of the purchase price
- No Lenders Mortgage
- Discounted interest rates
- No cost, No Obligation Service
Why Choose Pharmacist Home Loans
Pharmacists in Australia are low-risk borrowers thanks to their stable income and high demand in healthcare. Professional Home Loans offers pharmacist home loans with no LMI up to 95% LVR, saving up to $23,805 on a $1M property. Enjoy competitive rates and tailored pharmacist mortgage solutions, leveraging our authorization with top Australian lenders.
- Save Thousands with No LMI Home Loans for Pharmacists: Our LMI waiver for pharmacists lets you borrow up to 95% LVR without paying costly Lenders Mortgage Insurance.
- Low Interest Rates: We partner with 30+ lenders to secure market-leading rates for pharmacists, helping you pay off your home loan faster.
- Maximized Income: We count 100% of overtime, allowances, and second job income (with 2 payslips + PAYG certificate).
- Fast Approvals: Get conditional approval in as little as one day. Our expert brokers streamline the process, so you can focus on your nursing career.
- Flexible Solutions: Options for casual pharmacists, those on probation, or temporary visas.
Check out our Home Loans for Allied Health to see if you fit other professions.
Eligibility for Pharmacist Home Loans
Qualify for no LMI pharmacist home loans with these criteria:
- Registration with the Australian Pharmacy Council or AHPRA
- Minimum 6 months’ full-time pharmacist employment
- 5% genuine savings
- The maximum loan amount is $2 million;
What if I do not meet these criteria?
Don’t despair, because it’s likely we’ll still be able to help you. We may still be able to arrange a pharmacist home loan up to 90% with no LMI premium payable.
Examples of pharmacists using this policy
You could top up your existing home loan for pharmacists to 90% and pay no LMI. This would release surplus funds, which you can then use to fund the 10% deposit plus costs on a new investment (or owner-occupied) property. Providing the total transaction amount is below $2 million, you’ll have no LMI to pay. Not only that, but we can also source products of pharmacist loans that are specifically designed for pharmacists. These include standard variable mortgages with package discounts and fixed rate offers with features such as offset accounts and redraw.
Why are some banks waiving LMI for Pharmacists?
LMI is designed to protect the lender against the possibility of default by its mortgage customers. However, some lenders have realised that the chance of you defaulting as a professionally qualified and respected practising pharmacist is very low. Because of this, these banks are prepared to consider waiving the LMI premiums.
Government Schemes for First Home Buyer Pharmacists
As a first home buyer, you can combine our LMI waiver for pharmacists with government schemes to save more:
- Home Guarantee Scheme (HGS): Buy with a 5% deposit and no LMI for homes under state price caps (e.g., $450,000 in regional NSW). Visit housingaustralia.gov.au.
- Help to Buy Scheme (2025): Government contributes up to 40% of the purchase price, reducing your deposit and loan. Register at housingaustralia.gov.au.
- First Home Owner Grant (FHOG): Get $10,000 for new homes under $600,000 in NSW or $750,000 in VIC. Check revenue.nsw.gov.au or sro.vic.gov.au.
- Stamp Duty Exemptions: Save on stamp duty for properties under $430,000 in NSW or $500,000 in QLD for new homes.
Our brokers in Sydney, Melbourne, Brisbane, and regional areas guide you through these schemes to maximize your savings.
We’ll help you check what you’re eligible for and apply for everything at the same time as your home loan. You don’t need to deal with multiple applications or government forms on your own — we handle that for you. Check First Home Buyers page to get more information.
What Does Professional Home Loan Do
We work with over 30 lenders and know which ones have special loan policies for pharmacists. That means we can help you:
Compare home loan options across the market
Apply for loans that recognise your profession
Avoid common issues that delay approval
You’ll be assigned one broker who’ll guide you through the whole process — from pre-approval to settlement.
Case Studies: Real Pharmacist Home Loans Success
Julia’s First Home in QLD
Julia, pharmacist working locum at two locations in Queensland, secured her first pharmacist home loan for a $550,000 property. With 6 months’ AHPRA registration and 5% savings, she qualified for 95% LVR no LMI, saving $16,420. Our team at Professional Home Loans streamlined her pharmacist mortgage process, completing it in 48 hours.
Scott’s Third Investment in WA
Scott, a pharmacy owner and property investor, used equity from existing properties to buy his third investment property in Western Australia for $400,000. As a pharmacist mortgage client, he accessed 95% LVR no LMI, saving $9,600. Professional Home Loans negotiated competitive rates, aligning with his investment goals.
Free 30-Minute Finance Strategy Session For Professionals
Discover How To Get Approved With A Lower Interest Rate & Save Up To $40,000 In Fees
Frequently Asked Questions – Pharmacist Home Loans
- What is the difference between a pharmacist mortgage loan and a regular mortgage loan?
A pharmacist mortgage loan is tailored for medical professionals, offering more lenient qualifications and higher loan amounts. They often exclude student loan debt or use income-driven repayment amounts when calculating your debt-to-income (DTI) ratio.
- Can medical students get a mortgage?
Medical students can get a mortgage if they have a strong credit report, proof of income, and a down payment, though they typically don’t qualify for pharmacist mortgage loans without a degree or licence.
- Do student loans affect my ability to get a mortgage?
Student loans can impact mortgage eligibility if your DTI ratio exceeds 43%. Pharmacist mortgage loans may allow higher DTI ratios or exclude deferred student loans.
- Can pharmacists qualify for 90% LVR with no LMI?
Yes, pharmacists can apply for a home loan with a 90% Loan-to-Value Ratio (LVR) without LMI premiums, benefiting from tailored home loan options for health professionals.
- Why are pharmacists eligible for waived LMI fees?
Pharmacists are seen as financially stable borrowers, allowing them to skip and not pay LMI premiums, which protects banks if borrowers default on their loans.
- Do LMI-free home loans come with additional features?
Yes, pharmacists can get a home loan feature with additional ones, including fixed or variable rates, interest-only periods, loan offset accounts, and more.
Getting a home loan was really simple with Professional Home Loans.
“We went overseas during settlement and it was not a problem for them, everything went smoothly and I’m writing this from my new home! “
Jack Clancy
Well done you made it easy with no BS.
“Couldn’t ask for a better job – until next time (although no time soon, moving was awful). “
Accountant, Mick and Vanessa Renton
No LMI for building home in Sydney as well as 90% LVR no lmi for investment proerpty off the plan in Newcastle.
“Professional Home Loans has provided us with a very professional service, communicating all the available options to us and in the process he has literally saved us $75k that we would have otherwise paid. They certainly go beyond the call of duty. “
Hamilton (Accountant) & Nyari (Doctor) Sydney
Working for QLD Health achieved 90% LVR no LMI at normal rates - From UK. Sunshine Coast, QLD
“We were able to get a loan at a good rate and avoid paying LMI which saved us several thousand dollars that we can now put towards other things. Very helpful and informative about all aspects of the process, not just the loan, which we really appreciated as it made the whole thing a lot easier for us.”
Craig and Louise (Medical Registrars)
On a contracting basis – she got paid roughly 70% of what she billed.
“We assisted Arlyn with a 90% Mortgage with No Lenders Mortgage Insurance payable so she could buy a house and land package Thanks so much. All credits goes back to you as you helped me make all this happen. I couldn’t thank you enough for the job excellently done. “