Home Loans For Doctors

Take the Next Step Towards Your Dream Home

Navigating the property market as a medical professional comes with its own set of advantages—if you know where to look. From waived LMI to flexible lending policies, there are financial pathways designed specifically for doctors that many never tap into.

At the same time, your career demands leave little room for decoding fine print or chasing down paperwork. That’s where strategic mortgage advice becomes essential—not just convenient. Working with a broker who understands both your profession and the lending landscape means you’re not just accessing loans—you’re leveraging your position to secure smarter outcomes.

Whether you’re a registrar planning ahead or a specialist ready to invest, our tailored approach ensures your loan strategy aligns with your career stage, income structure, and long-term goals.

Let’s make your next move with precision. Connect with us to explore what’s possible beyond the standard home loan.

How much can doctors save with waived LMI?

Let’s put it simply: on a $1 million property in Melbourne, doctors can save around $42,000 in LMI fees. That’s money you could use for your home’s renovation or invest elsewhere. 

Over the long term, avoiding LMI can also mean less interest paid on your mortgage, as you’re not adding the insurance premium to your loan amount. Below is a breakdown of estimated LMI savings for different property values:

These savings can be used for renovations, investing in additional properties, or simply reducing the overall loan amount, making it a significant financial advantage for doctors.

Got questions about how much you can borrow or how to structure your loan? We’re here to help you understand everything clearly and guide you every step of the way.

What other exclusive features are available for doctors?

• Faster Loan Approval: Lenders recognise the low-risk nature of doctor loans, leading to quicker approval times. This is crucial in a dynamic market like Melbourne, where speed can make the difference between securing a property or missing out.
• Income Protection Considerations: Some lenders may consider your income protection insurance as a factor, providing more favourable terms if you have policies in place.
• Custom Loan Structures: Doctors can access loans structured around their unique cash flow needs, such as combining personal and investment loans, or setting up loans within family trusts for tax effectiveness.

What documents are needed to apply for a doctor’s home loan?

Lenders will typically ask for:

• Proof of income (recent payslips or tax returns)
• Medical registration (e.g., with AHPRA)
• Identification (passport, driver’s license)
• Existing liabilities (credit card statements, other loans)
• If self-employed, lenders may require additional documentation, such as a two-year history of income statements, BAS statements, and possibly letters from your accountant to verify your financial position. Getting all your documents ready early can speed up approval and help you get the best deal.

Need assistance with gathering the required documents or understanding the application process? Contact us, and we’ll guide you step-by-step.

What steps are involved in the home loan application process?

1. Consult a Mortgage Broker: They’ll assess your financial situation and guide you to the best options.
2. Get Pre-Approval: This gives you a clear idea of how much you can borrow.
3. Find a Property: Once you’ve chosen your property, submit a formal application.
4. Property Valuation: The lender will check the property’s value to make sure it matches the loan amount.
5. Final Approval: After valuation, the lender provides final approval.
6. Settlement: You sign the final documents, and the property becomes yours.

It’s wise to start gathering your documents early and keep communication open with your broker to navigate any unexpected hurdles quickly. With Melbourne’s fast-paced market, being ready can mean the difference between getting your dream home and missing out.