If You’re A Doctor, Dentist or Allied Medical Practitioner, You Already Qualify For Fast Home Loan Approval and Preferential Treatment…

For Doctors or approved medical practitioners who are Australian citizens or residents

FACT: Some Lenders Extend Special Consideration To Medical Practitioners That Can Save You Between $10,000 & $40,000 In Repayments Across The Life Of Your Loan. Professional Home Loans Are One Of The Few Mortgage Brokers In The Country That Can Help You Secure These Special Loans.

Your Financial Health is Important

As a Medical Professional, You Can Qualify for Discounted Interest Rates and Zero Lenders Mortgage Insurance (LMI).

Are you a practicing doctor or medical practitioner? You may qualify for a home loan of up to 95% of the property value without the need for Lenders Mortgage Insurance. With only a 5% deposit, you don’t have to pay LMI, saving between $10,000 and $40,000. Here at Professional Home Loans, we specialize in offering this type of mortgage to medical professionals.

Why Medical Professionals Get Special Treatment

The specific interest rate discount that may be available to you will depend on various factors:

– Your Medical Profession: Different specialties within the medical field may receive different discounts.

– Industry Association Membership: Affiliation with certain industry bodies may offer exclusive benefits.

– Income Level: Your annual income can influence the lender’s willingness to offer competitive rates.

– Loan Size: The amount you wish to borrow can also affect the discount rate.

Understanding these factors can provide valuable insights into the unique opportunities available to medical professionals seeking home loans. Leveraging this knowledge can help in securing financial products tailored to the specific needs and qualifications of doctors and other healthcare providers.

Membership Associations

You must be a member and/or registered with one of the following associations to qualify for the LMI waiver:

Australian Association of Practice Managers (AAPM)

Australian Health Practioner Regulation Agency (AHPRA)

Australian College of Rural and Remote Medicine (ACRRM)

Australian Dental Association (ADA) / Australian Dental Council (ADC)

Australian Medical Association (AMA)

Australian Medical Council (AMC)

Australian Veterinary Association (AVA)

Australasian College for Emergency Medicine (ACEM)

Australasian College of Cosmetic Surgery and Medicine (ACCSM)

Australasian College of Dermatologists (ACD)

College of Intensive Care Medicine of Australia and New Zealand (CICM)

Medical Practitioners Board of Australia

Royal Australasian College of Dental Surgeons (RACDS)

Royal Australasian College of Medical Administrators (RACMA)

Royal Australian and New Zealand College of Obstetricians and Gynaecologists (RANZCOG)

Royal Australian and New Zealand College of Ophthalmologists (RANZCO)

Royal Australasian College of Surgeons (RACS)

Royal Australasian College of Physicians (RACP)

Royal College of Pathologists of Australasia (RCPA)

Royal Australian and New Zealand College of Psychiatrists (RANZCP)

Optometrists Association Australia

The Australia and New Zealand College of Anaesthetists (ANZCA)

The Royal Australian College of General Practitioners (RACGP)

How Much Does LMI Cost?

  • Example:
  • Loan amount: $450,000
  • Purchase price: $500,00
  • LVR $450,00 / $500,00 = 90%
  • Premium is 1,97% for loans between 300-500k at 90%
  • LMI = $450,00 x 1,97%

      = $8865

Exemption from Lenders Mortgage Insurance can provide …

“Exemption from Lenders Mortgage Insurance can provide significant savings. In the example above, a modest $450,000 home loan incurred a fee of $8,865.”

Who Qualifies For This Loan?

The medical profession covers a wide range of disciplines, and all of the following medical practitioners are eligible for this discounted and LMI-free loan:

If you don’t see your exact specialisation in this table, don’t worry. Applications are considered on a case-by-case basis. If you feel you may qualify, please contact us.

Why are lenders offering this preferential deal to Medical Practitioners?

The basis of Lenders Mortgage Insurance is to protect the lender against the possibility of default by its mortgage customers. However, some lenders have realised that you, as a practicing medical professional, are far less likely to default on your mortgage than other customers. Because of this, these banks are prepared to waive their LMI premium with a far lower deposit.

If I am buying with my partner/ spouse who is not Medical Practitioner/ Doctor, will I still qualify for the LMI Waiver?

Eligibility for this valuable mortgage benefit is not dependent upon both borrowers being employed in the health profession. So long as one of you meets the eligibility criteria by your employed position, then your need to pay the LMI premium can be waived.

Can I use the First Time Home Owners Grant as part of my deposit?

Taking away one valuable benefit and replacing it with another makes no sense, so happily the answer is ‘yes, you can.’ Your deposit can come from any number of sources: savings, gifts, and the First Home Owners Grant. There is, however, a requirement for a genuine 5% of savings to be used, although even this can be waived in certain circumstances.

Additional Documentation Required

Just as you’ll need to see some medical history when diagnosing a patient, a lender will wasn’t to see some confirmation of your financial situation before making you a LMI waived mortgage offer. This documentation is:

Confirmation of your employment as a Medical Practitioner: this may be by way of a copy of your registration with the Medical Practitioners Board of Australia or equivalent body as well as your employment contract;

Where 5% genuine savings are required toward your deposit, then you’ll need to provide three months’ statements to evidence this. (But don’t forget that this requirement may also be waived for you – contact us to discuss this.)

IMPORTANT: This Exemption Is ONLY Available Through Specialist Mortgage Brokers Like Professional Home Loans

As a Medical Practitioner you have an opportunity only available to certain professionals, but securing such a mortgage is only possible through a limited number of mortgage brokers.

It may be that you want to buy your first home but have less than a 20% deposit; or perhaps you wish to refinance, consolidating some debts; then again, it may be that you wish to purchase an investment property to provide passive income.

Whatever the reasons for your mortgage needs, Professional Home Loans is here to help you source the best mortgage for your particular circumstances. Because of your professional dedication, you may be eligible for take advantage of huge savings from an LMI free mortgage.

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.

There is no cost for our service and absolutely no obligation. Enquire now.

Remember, only certain brokers are authorised to provide this special benefit.

Discover you can access this special exemption and save tens of thousands of dollars off your loan.
Enquire online or call us on 1300 55 44 97 today

What Our Clients Have Said:

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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


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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

90% no LMI Brisbane, QLD.

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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


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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)

Sunshine Coast QLD

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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. “

Arlyn (Doctor)

– Townsville QLD

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“You not only got the loan approved on time, but at a better rate! You are professional, honest, dedicated & obviously love what you do-your passion shines through & I look forward to doing all my loans through you from now on!”


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