Medical Professional Home Loans

You qualified for medicine.
Now qualify for a better home loan.

Several Australian lenders waive Lenders Mortgage Insurance for medical professionals, letting you buy with as little as 5% to 10% deposit and save $10,000 to $40,000 in LMI. Lendera compares 60+ lenders to find the sharpest rate for your profile.

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What You Get

Medico home loan packages are designed for professionals in healthcare. Here is what they offer.

LMI Waived

Most lenders offering medico packages waive LMI up to 90% LVR, and some up to 95%. On a $800,000 loan at 90% LVR, that saves approximately $15,000. At 95% LVR, savings can exceed $35,000.

Competitive Rates

Medico packages are not just about LMI. Several lenders offer discounted variable rates, fee waivers and dedicated service teams for medical professionals. The rates are often sharper than standard products at the same LVR.

HECS Treated Favourably

Some medico lenders assess HECS debt more generously than standard policy, using the actual repayment amount rather than a percentage of the balance. This can increase your borrowing power by $20,000 to $50,000 compared to a standard assessment.

How It Works

Three steps to a better home loan.

Tell us your profession and loan details

Use Lendera's free comparison tool or book a call. Takes 2 minutes.

We match you to medico lenders

We identify which lenders offer medico packages for your specific profession and present the sharpest rates.

You save on LMI and rates

We handle the application, negotiate on your behalf and get you to settlement.

Which Professions Qualify?

Profession	Typical Max LVR (No LMI)	Common Lenders
Doctors (GPs & Specialists)	Up to 95%	Multiple Big 4 and mid-tier
Dentists	Up to 90%	Most major lenders
Veterinarians	Up to 90%	Select lenders
Pharmacists	Up to 90%	Select lenders
Optometrists	Up to 90%	Select lenders
Physiotherapists	Up to 85%	Limited lenders
Registered Nurses	Up to 85%	Limited lenders
Other Allied Health	Up to 85%	Case by case

Eligibility varies by lender, qualification, registration status and years of experience. A broker can confirm exactly which packages you qualify for.

Frequently Asked Questions

Yes, several lenders extend their medical professional packages to registered nurses, though the LVR cap is typically 85% rather than the 90% or 95% available to doctors. Eligibility usually requires current AHPRA registration and a minimum period of post-qualification experience.

Yes. Most lenders offering medico packages accept medical interns and registrars, though some require you to have completed your intern year. Your future earning potential as a qualified doctor is factored into the assessment, which is why lenders are willing to offer LMI waivers even at relatively early career stages.

For most medico home loan packages, yes. Lenders require current registration with the Australian Health Practitioner Regulation Agency (AHPRA) or the relevant professional body for your discipline. This is how they verify your profession and qualification status.

On a $700,000 loan at 90% LVR, LMI would typically cost $12,000 to $18,000. At 95% LVR, LMI can exceed $35,000. Medico packages waive this cost entirely, which means you keep that money for your deposit, furniture or offset account.

Some lenders offer medico LMI waivers on investment loans, but the LVR cap is usually lower (typically 80% to 85% rather than 90% to 95%). The rate discount may also be smaller for investment products. A broker can identify which lenders extend medico benefits to investors.

No. Lendera's service is free for borrowers. We are paid a commission by the lender you choose, at no additional cost to you. This is the same commission structure used across the Australian mortgage broking industry.

You qualified for medicine.Now qualify for a better home loan.