Home Loans for Doctors in Australia: 95% LVR with No LMI
Last updated: 7 May 2026 · Reading time: 6 minutes
Borrow up to 95% of the property value with zero Lenders Mortgage Insurance (LMI), access discounted interest rates, and get fast approvals tailored to medical professionals. At Professional Home Loans, we help Australian doctors save between $10,000 and $40,000 on a single transaction by structuring loans through lenders that recognise the low-risk profile of the medical profession.
Doctor Home Loan Benefits at a Glance
- Up to 95% LVR with just a 5% deposit
- No Lenders Mortgage Insurance (saves $10,000–$40,000+)
- Discounted interest rates negotiated for medical professionals
- Loan amounts up to $2 million (and higher on a case-by-case basis)
- Owner-occupied and investment property purchases
- Refinance, top-up, and construction options available
- No-cost, no-obligation broker service
Why Doctors Get Better Home Loan Deals in Australia
Australian lenders classify registered doctors as low-risk borrowers because of their stable income, long-term career trajectory, and historically low default rates. As a result, several major banks waive Lenders Mortgage Insurance for doctors borrowing up to 95% of the property value — a benefit that can save tens of thousands of dollars on a single purchase.
To learn more about how LMI works and why it matters, see our explainer on Lenders Mortgage Insurance (LMI). The Australian Prudential Regulation Authority (APRA) sets the broader lending standards that govern how banks assess these loans — you can read APRA’s guidance on residential mortgage lending for additional context.
What you actually get as a doctor borrower
- LMI waivers up to 95% LVR — not available to standard borrowers
- Professional package discounts on standard variable rates
- Fixed-rate options with offset accounts and redraw facilities
- Higher borrowing capacity through favourable income assessments (locum, contractor, and PAYG income all accepted)
Who Qualifies for a Doctor Home Loan?
To access the 95% LVR no-LMI policy, you’ll typically need to meet the following criteria:
- Current registration with the Medical Board of Australia (verifiable via AHPRA)
- Australian citizenship or permanent residency (temporary visa holders — see our temporary visa home loans page)
- Property purchased for owner-occupied or investment purposes
- Maximum loan amount of $2 million (larger loans assessed individually)
- Membership of a recognised industry association (see list below)
Eligible doctor specialties
The policy applies to a broad range of medical professionals including general practitioners (GPs), surgeons, anaesthetists, psychiatrists, paediatricians, radiologists, cardiologists, oncologists, emergency physicians, intensivists, hospital medical officers, registrars, and consultants. Related healthcare professionals can also access tailored policies — see our pages for
Approved Membership Associations
To qualify for the LMI waiver, you must hold current membership or registration with one of the following bodies:
- Australian Health Practitioner Regulation Agency (AHPRA)
- Medical Board of Australia
- Australian Medical Association (AMA)
- Royal Australian College of General Practitioners (RACGP)
- Royal Australasian College of Physicians (RACP)
- College of Intensive Care Medicine of Australia and New Zealand (CICM)
- Royal Australasian College of Medical Administrators (RACMA)
- Australian Association of Practice Managers (AAPM)
How Much Can a Doctor Save by Avoiding LMI?
LMI is a one-off premium that protects the lender — not you — when borrowing above 80% LVR. For a doctor purchasing a $1.2 million home with a 10% deposit, standard LMI can exceed $30,000. Under the doctor home loan policy, that premium is waived entirely.
Worked example
- Property value: $1,200,000
- Deposit (10%): $120,000
- Loan amount (90% LVR): $1,080,000
- Standard LMI premium (approx.): ~$32,000
- Doctor home loan LMI: $0
- Saving: ~$32,000
Those funds can stay in an offset account, reducing interest, or be redirected to renovation, investment, or your next medical specialist property purchase.
What Determines Your Interest Rate Discount?
The exact discount available to you depends on three main factors:
- Industry association membership — affiliation with bodies like the AMA or RACGP can unlock additional pricing tiers
- Income level — higher and more stable income strengthens negotiating leverage
- Loan size — larger loans typically attract sharper discounts
For a deeper breakdown of the products available, visit our guide to home loans for medical practitioners or download our free finance report for professionals.
Next Steps for Your Doctor Home Loan
Only a limited number of brokerages are accredited to offer this specialist policy. Professional Home Loans has been arranging finance for medical professionals for over a decade, and our service is provided at no cost and with no obligation.
- Book a 30-minute strategy session — we’ll review your goals, income, and deposit position
- Receive a tailored loan strategy — including which lender, structure, and rate suits you
- Submit a streamlined application — we handle the lender liaison end-to-end
- Settlement and beyond — ongoing rate reviews to keep your loan competitive
Read more about what to expect from our home loan process, or browse client testimonials.
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
About the Author: Tom Luu
Tom Luu is a specialist mortgage broker and the founder of Professional Home Loans. With over 9 years of experience in the Australian mortgage industry, Tom specializes in complex lending scenarios, particularly for medical professionals, expats, and temporary visa holders. He is dedicated to helping clients navigate the nuances of Australian credit policies to secure the best possible financial outcomes.
Experience: 9+ Years in Mortgage Broking
Credentials: Credit Representative Number 486574
Expertise: Visa Home Loans, Professional LMI Waivers, and Expat Finance.
Can doctors borrow up to 95% with no LMI in Australia?
Yes. Several major Australian lenders waive Lenders Mortgage Insurance entirely for registered doctors borrowing up to 95% of the property value, provided the loan is under $2 million and the applicant holds membership of an approved medical body such as AHPRA, the AMA, RACGP, or RACP.
How much can I save with a doctor home loan?
Savings typically range from $10,000 to $40,000 per transaction, depending on loan size and LVR. On a $1.2 million purchase at 90% LVR, the LMI waiver alone can save around $32,000.
What is the maximum loan amount for a doctor home loan?
The standard maximum is $2 million for the 95% LVR no-LMI policy. Larger loans are available on a case-by-case basis, and some lenders extend the policy beyond $2 million for high-income specialists.
Do interns, registrars, and locum doctors qualify?
Yes. Interns, residents, registrars, consultants, and locum doctors are all eligible, provided they are registered with the Medical Board of Australia via AHPRA. Locum and contractor income is accepted by most lenders on the doctor policy.
Can I use a doctor home loan for an investment property?
Yes. The policy applies to both owner-occupied and investment property purchases, including off-the-plan and house-and-land packages.
Do I need to be an Australian citizen?
Australian citizens and permanent residents qualify for the full 95% LVR policy. Doctors on temporary visas (such as 482 or 485 visas) may still access tailored policies — see our temporary visa home loan options for details.
Which banks offer LMI waivers for doctors?
Major lenders offering the doctor home loan policy include NAB, ANZ, Bankwest, ING, St.George, and several specialist lenders accessed through AFG. Each has different LVR caps, pricing, and policy nuances, which is why working with a specialist broker is important.
What does Professional Home Loans charge for this service?
Nothing. Our service is free to the borrower — we are paid by the lender after settlement. There is no cost and no obligation to proceed after your strategy session.
How long does approval take?
Conditional approval is typically issued within 2–5 business days for well-prepared doctor applications. Unconditional approval depends on valuation and lender turnaround.
Can I refinance my existing loan onto the doctor policy?
Yes. Refinancing is one of the most common uses of the policy. Many doctors who took out loans before becoming registered, or who used a non-specialist broker, are paying more than they need to. A refinance can unlock package discounts, offset features, and remove existing LMI cost structures.
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. “