What home loan discounts are chiropractors eligible for?

Chiropractors are low risk borrowers who can take advantage of exclusive home loan discounts including:

  • Borrow up to 100% of the property value with waived Lenders Mortgage Insurance (LMI)
  • Interest rates even lower than the already discounted rates offered on a professional home loan package.
  • Higher exposure limits for those with a substantial property portfolio.

Are you eligible to reap these home loan rewards?

Call us today on 1300 889 743 or complete our free online assessment form to find out!

What if you could avoid LMI?

LMI is payable when borrowing more than 80% of the purchase price of a property, otherwise known as the loan to value ratio (LVR). On top of that, it protects the bank in the event that you default on your mortgage, not you as the borrower.

To put the cost of the LMI premium into perspective, you could potentially be paying as much as $22,000 when borrowing 90% of the purchase price on a $1 million property.

What if we told you that you could avoid this cost with no deposit at all?

Well, most banks consider chiropractors to be low risk borrowers and are willing to waive LMI subject to you meeting certain requirements:

  • Your loan must not exceed 100% LVR.
  • You must be registered with the Australian Health Practitioner Regulation Agency (AHPRA).
  • You must be fully qualified and working full time.
  • There is no minimum income requirement albeit normal bank policy regarding your ability to pay back the loan applies.

Fill in our free assessment form and one of our senior mortgage brokers will call you back within 24 hours to let you know if you qualify for a no LMI home loan.

Do you want a slashed interest rate?

Chiropractors are professionals with stable employment and great salaries so many lenders are willing to offer significant interest rate discounts to you. The amount of the discount will vary depending on:

  • Your professional status
  • Total income and asset position
  • The size of your home loan

Generally speaking, the larger the home loan, the bigger the discount.

Although we’ve already published special fixed and variable interest rate discounts available for larger home loans, we may be able to negotiate even lower discounts!

Kick-start your property portfolio

How would you like to kick-start your property investing goals by buying property with no deposit?

If we can get you approved for 100% no LMI, you can do just that because you’ll save thousands of dollars from the get go.

We recommend that you considering getting income protection, life insurance and total permanent disability to protect yourself and your family if you’re planning on building a significant portfolio

Which lenders favour chiropractors?

These substantial home loan benefits are available through a select few of our lenders but how do you know which one to go with?

You can rest assured that if you work with us as your mortgage broker we can properly assess your situation and find the right mortgage to suit your needs based on:

  • Your registration status with AHPRA.
  • Whether you or your partner are in a situation that sits a little outside of normal bank policy.
  • The size of your deposit.
  • The amount of real estate you plan to purchase.
  • The complexity of your home loan. e.g. trust, self-managed superannuation fund, company structure etc.

Be aware that to get the most out of these benefits, we may suggest splitting up your mortgage between different lenders.

What types of chiropractors can apply?

As long as you’re fully qualified, a member of AHPRA and working full-time, all types of chiropractic professionals can reap these exclusive benefits, whether you specialise in:

  • Epidemiologist
  • Neurophysiologist
  • Kinesiologist
  • Sports chiropractor
  • Animal chiropractor

Apply for a chiropractor home loan now

We are experts in lending to chiropractic professionals and we know which lenders offer incredible home loan discounts including reduced interest rates and an LMI waiver even when borrowing up to 100% of the property value.

Buy your dream home or rapidly build your property investment portfolio by calling us on 1300 889 743 or filling in our free assessment form.

  • Hutchinson

    What factors do the banks take into account when granting larger interest rate discounts?

  • Hey Hutchinson,

    The amount of the discount you can receive will usually depend on your professional status, total income and asset position, and the size of your home loan.

  • Steve C

    Isn’t it possible to get a no LMI home loan at over 90% LVR?

  • It’s possible to get a no LMI home loan at over 90% LVR but you’ll need a guarantor for this. This way, you can borrow up to even 100% of the property value without having to pay LMI.

  • Auditore

    Can I get an interest rate discount on a $300,000 home loan? I would really appreciate it if I can get a quick response. I’m still researching and planning things out.

  • Hi Auditore,

    Although many lenders are willing to offer interest rate discounts to chiropractors, it actually depends on your professional status, total income and asset position, as well as the size of your home loan. Generally speaking, the larger the home loan, the bigger the discount. You may be able to get a discount with a few lenders if you have a great income and asset position.

  • pip

    A colleague of mine told me that they got a great rate discount on their mortgage, which was half fixed and half variable, but they lost the discount when the fixed term expired. Can this really happen?

  • Hey pip,
    You may get a good discount on the variable rate portion of a half-fixed, half-variable home loan & after the fixed rate expires, the Bank Standard Variable Rate (BSVR) is applicable. However, the same discount may not apply for the portion that was fixed. This is because banks often put that part of the home loan on a lower discount than the other half. It’s no surprise that it often goes unnoticed. In some cases, banks have charged the BSVR as much as 1.3% higher than the other half of the loan. So yes, this can happen, which is why it’s best to have an expert mortgage broker looking out for you.

  • Soflo

    I’ll be buying a home for the first time by the end of the year so do you guys have any pages I can use to research and plan things?

  • Yes, you can check out our first home buyer centre for a lot of resources that can help you out. Here’s the link to it:

  • nom

    Waived LMI would be a lifesaver but I’m worried I may not be able to qualify for that because I’m employed by the state government of Queensland and I don’t have a private practice. Or will I still be able to qualify?

  • Hi, it actually won’t matter because you’re still able to qualify for the same medical professional discounts like negotiated interest rates or waived LMI.