Veterinarians are known to be low risk, well-educated borrowers.

Some of our banks really want your business and are willing to go the extra mile to get it!


What discounts are offered to vets?

  • Larger professional package interest rate discounts.
  • Waived Lenders Mortgage Insurance (LMI).
  • Relaxed credit criteria for new graduates.

Find out if you qualify for a discount by calling 1300 889 743 or by filling in our free assessment form.


How large are the interest rate discounts?

The size of your interest rate discount will depend on:

  • The size of your mortgage.
  • If you are combining an interest rate discount with an LMI waiver.
  • If you are a member of the Australian Veterinary Association (AVA).
  • Note: only three of our lenders have special discounts for vets.

You can take a look at our interest rates page to see some of the discounts available based on your loan size. Larger discounts may be available by negotiation with our lenders.


Home loans with no LMI

Normally, if you borrow more than 80% of the property value then the lender will charge you a fee known as LMI. This can be quite expensive and works out to be around $24,000 for a 90% loan on a $1,000,000 property.

But what if you could have it waived?

Two of our lenders can consider waiving LMI for vets, allowing you to buy multiple investment properties or to get your foot into the property market sooner!

Find out if you qualify for a discount by calling 1300 889 743 or by filling in our free assessment form.


Who is eligible for discounts?

Home loans with no LMI are an incredible discount and are only available for “doctor” related professions such as vets. There are no restrictions as to whether you’re working in a vet clinic, hospital or university clinic.

Other practice staff such as vet nurses, practice managers and technicians are not eligible for waived LMI; however, they may qualify for discounted interest rates based on the size of their home loan.


Purchasing investment properties

Vets have a challenging job considering that their patients come from a variety of species and can’t even tell you what the problem is! Unfortunately, the study you have completed and hard work that you do isn’t always rewarded with the same high incomes that other medical professionals receive.

In other words if you want to get yourself and your family into a good financial position then you’ll have to do it yourself.

You can take advantage of the waived LMI and buy investment properties with very little of your own money. Many vets have set themselves up with a large investment portfolio by working with the right banks that will support them with their investing.


Apply for a home loan

Which lender has the best discount for vets?

Find out what is on offer by calling 1300 889 743 or by filling in our free assessment form.

  • L’Estrange

    What’s the max loan size and LVR that we can borrow at with a no LMI home loan?

  • Hey there,

    On a no LMI home loan, veterinarians can borrow up to a maximum loan size of $4.5 million and at 90% of the property value (although borrowing more may be possible in some cases). Please note that you must be a member of an appropriate industrial organisation.

  • G. Mill

    Hi, I seem to have landed on this page by mistake. I am a way vet and I actually want to know about getting a mortgage using my pension. Can I have a link to that instead? Thank you.

  • Hi G. Mill,

    We have a page on how you may be able to use veteran pension to get a home loan where you can read all about this as well as check out a lot of additional info. Here’s the link to the veteran pension home loan page:
    https://www.homeloanexperts.com.au/unusual-employment-loans/veteran-pension-home-loan/

  • cage

    I’m not sure if I can qualify for waived LMI so I’d like to look at the different LMI rates and premiums I may have to pay. Is there some list that I can refer to for this?

  • Hey cage,

    You can check out the LMI premium rates pages for that. It shows the rates offered by one of our lenders for both full doc as well as low doc loans. Here’s the link to the page:
    https://www.homeloanexperts.com.au/lenders-mortgage-insurance/lmi-premium-rates/

  • McKiss

    I’ve been a vet for over 5 years and have recently started my own veterinary clinic. Is this a specific amount of time that banks prefer self employed applicants to have been working on their own?

  • Yes, the majority of lenders require you to be self employed for at least two to three years, however, there are some lenders that can consider people who have been self employed for only one year. Please check out the self employed home loan page if you’d like to learn more about this:
    https://www.homeloanexperts.com.au/unusual-employment-loans/self-employed-home-loan/

  • Matty

    I could be going out of the country for a while, nothing sure yet so I would just like to get some info on having documents witnessed. I was told I needed to do that if I wanted to apply for a home loan if I’m overseas.

  • Hi Matty,
    Yes, if you’re living overseas you will need to have copies of your ID and supporting documents witnessed when applying for a home loan for an Australian property. The mortgage documents that require an authorised witness signature will depend on the state the Australian property is located in and the lender you are borrowing from. Please check out the witnessing mortgage documents page to learn more:
    https://www.homeloanexperts.com.au/non-resident-mortgages/witnessing-australian-mortgage-documents-overseas/