Last Updated: 11th July, 2024

Doctors can get special benefits when applying for a mortgage, including waived LMI and discounted rates not offered to those applying for a standard home loan. As a result, you can save money and achieve your property goals sooner.

Doctors Can Borrow 95% of the Property Value With No LMI

As a doctor, you can borrow up to 95% of the property value without paying Lenders Mortgage Insurance (LMI).

Usually, LMI is applicable when you’re borrowing more than 80% of the property value.

With a doctor home loan, you don’t need to pay any LMI fees, as we know lenders that will waive them for you.

Discover If You Qualify For Waived LMI

Type your profession, and you will get results on whether you qualify for waived LMI.

Benefits Of Doctor Home Loans

Apart from 95% LVR with waived LMI, our mortgage brokers can help you qualify for the following:

  • Special discounts: This includes reduced interest rates and home loan fee waivers exclusive to medical professionals.
  • Build your property portfolio fast: Home loans for doctors can be used to buy a new property or refinance your existing loan to buy more properties.
  • Asset protection: Protect your assets and take advantage of tax benefits by purchasing in a company or trust structure.
  • Higher loan amounts: You can get higher loan amounts than standard other borrowers because of the potential of increased earnings over time.

Why Do Doctors Get Discounted Interest Rates?

As a doctor, you might often receive discounted interest rates due to several factors like:

  • High-income potential: Doctors have high earning potential, which makes them low-risk for lenders.
  • Low default rates: Doctors have historically demonstrated low mortgage default rates, making them reliable borrowers.
  • Reliable business: Lenders value business from doctors because of their financial stability and referral power.

At Home Loan Experts, we maintain relationships with lenders to negotiate competitive interest rates on your behalf. Call us on 1300 889 743 or complete our free online assessment form today.

Why Choose Home Loan Experts As Your Mortgage Broker?

At Home Loan Experts, our dedicated mortgage brokers offer personalised services tailored to your needs. From pre-approval to settlement, we guide you through every step of the process, ensuring transparency and working exclusively in your best interest.

We are specialists experienced in home loans for doctors. We understand your complex income structures and offer time-saving convenience, flexible meeting options and access to exclusive benefits. We also have valuable connections with lenders to secure optimal deals.

Our mortgage brokers work diligently to take care of your needs:

  • Expert guidance: We conduct thorough research and provide expert financial advice, ensuring you receive personalised home loan deals tailored to your specific requirements.
  • Hassle-free process: We handle all the legwork in arranging your home loan with a lender, saving you time and effort.
  • Simplified approval process: We will guide you through the often complex pre-approval and application process, making it easier for you to navigate.
  • End-to-end support: We follow your loan application from start to settlement, providing continuous support and guidance.
  • Best-Interest Duty: Our brokers must work exclusively in your best interest, ensuring you receive unbiased advice and assistance.
  • Access to competitive rates: With our extensive network of lenders, we can find you the most competitive mortgage rates on the market, including exclusive deals reserved for mortgage brokers.
  • Reduce stress: By entrusting us with your loan, you’ll have more time and freedom to focus on your profession and other important aspects of your life, reducing stress levels.
  • Maximum borrowing power: We assist you in obtaining the maximum borrowing amount based on your financial situation and goals.
  • LMI assessment: We check if you qualify to borrow up to 100% of your property’s price without the need for LMI.

How Doctors Get The VIP Treatment

 How Can Doctors Get THE VIP Home Loan Treatment?.  Discounted rates for doctor home loans and what else you should know.   List of things you need to know when applying for a doctor’s home loan.

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Exclusive Benefits Await You

Get closer to your property goal with a doctor home loan. Take action now to unlock special discounts and waive LMI. Call us on 1300 889 743 or complete our online assessment form today.