Hidden Home Loan Benefits Doctors Often Overlook
18 Sep, 2025
Updated: 18 Sep, 2025
Hidden Home Loan Benefits Doctors Often Overlook
Doctors enjoy some unique home loan benefits that many don’t realise. Knowing about these advantages can save you tens of thousands of dollars, speed up your path to property ownership, and open doors to investment opportunities much earlier than usual.
Here are some of the little-known benefits worth being aware of before you start your property journey.
1. LMI Waivers Up to 95%
For most borrowers, if you don’t have a 20% deposit, you’ll need to pay Lenders Mortgage Insurance (LMI), often tens of thousands of dollars. Doctors, however, are among the select few professionals who can access LMI waivers at loan-to-value ratios (LVRs) as high as 95%, depending on the lender. That means you could buy with as little as a 5–10% deposit and avoid the huge insurance premium altogether. For a $1 million property, that’s a savings of $20,000–$40,000 (or more).
2. 100% of Your Income Can Count
Where other borrowers have their overtime or allowances heavily discounted, many doctors will have all of their income recognised by lenders:
- Overtime
- On-call payments
- Shift loadings
- Allowances
- Even variable locum income
- A few invoices and BAS statements
- A current contract or letter of appointment
- Less than 2 years’ ABN history
- Beyond waived LMI, some lenders extend discounted interest rates and exclusive policy concessions to doctors, including:
- Higher loan amounts approved, relative to income
- Longer interest-only terms (useful for cash flow in early practice years)
- More lenient treatment of trust and company structures
- Exceptions to standard “two-year” rules for contractors and ABN holders
- Buy a home sooner, even if you haven’t saved the traditional 20% deposit
- Start an investment portfolio early in your career (rentvesting is a popular strategy for junior doctors who need flexibility)
- Build equity faster, which can be leveraged into additional investments down the line
Some banks will also accept future income projections, particularly if you’re transitioning from training to fellowship or starting private practice. That’s a huge advantage in maximising borrowing power early in your career.
3. Flexible Documentation Requirements
Most self-employed borrowers are asked for at least two years of tax returns or ABN history. Doctors don’t always need to wait that long. Specialist lenders may approve loans with:
This flexibility means you don’t have to delay property plans just because your business or private practice is still in its early stages.
4. Specialised Rates And Policy Exceptions
These concessions reflect the fact that lenders view medical professionals as lower-risk borrowers with high long-term earning potential.
5. Low Deposit Options For Both Homes And Investments
While many people assume low-deposit lending is only for first-home buyers, some lenders extend 5–10% deposit loans to doctors for both owner-occupied and investment properties.
This means you can:
Ready To Take Advantage Of Your Lending Perks?
Most banks won’t tell you about these benefits, and many brokers miss them, too. Our mortgage brokers have worked with a lot of medical professionals, so they know exactly how to unlock waived LMI and help you maximise your borrowing power.
Call us on 1300 889 743 or fill in our free assessment form to talk with a medico home loan expert today and see how much sooner you could own your next property.
