Yes, there are a select few lenders that will accept 1 year’s tax returns or less than 2 years ABN (Australian Business Number) for self-employed doctors.
You may still qualify for special doctor home loans despite your short self-employment history and potentially:
- Borrow up to 95% of the property value or up to 100% with select lenders.
- Qualify for waived LMI (Lenders Mortgage Insurance) or no LMI, a premium that is charged when borrowing over 80%.
- Access significantly reduced interest rates and fee waivers.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a medico home loan with no LMI.
Cheers,