Home Loans for Pharmacists: Get Your Mortgage Now
Secure your dream home with exclusive home loans for pharmacists designed for your profession. Apply now and save with our special offers! At Professional Home Loans, we specialise in helping pharmacists and healthcare professionals access mortgage solutions that fit their career, lifestyle, and long-term goals.
- Borrow up to 95% of the purchase price
- No Lenders Mortgage
- Discounted interest rates
- No cost, No Obligation Service
Why Pharmacists Can Get Better Home Loan Terms
Pharmacists are considered low-risk borrowers by many banks. That’s because you usually have stable employment, strong income, and a lower chance of defaulting on a loan.
Here’s what that can mean for you:
Borrow up to 95% of the property’s value
Avoid paying LMI (which can cost $10,000–$30,000)
Access interest rate discounts from selected lenders
You don’t need to be working in a hospital or own a pharmacy — these benefits often apply to community pharmacists, hospital staff, and even interns, depending on your income and employment status.
First-Time Home Buyers
If this is your first time buying a property, there are a few things to know. On top of the lending benefits for pharmacists, you might also qualify for:
The First Home Owner Grant (for new homes)
Stamp duty exemptions or concessions (depending on your location)
Government-backed low-deposit schemes
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.
Who Qualifies For This Loan?
Pharmacists who are interested in purchasing their dream home must meet the following eligibility criteria:
- You’ll need to be an Australian Citizen or Permanent Resident;
- Your property purchase must be either owner occupied or for investment purposes;
- 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.
What is the next step?
Remember, there are only a limited number of firms authorised to offer you these valuable benefits. Here at Professional Home Loans, we are leaders in this specialised area. You can use our pharmacist free consult service in advance.
FAQs – Pharmacist Home Loan
- 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.
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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. “