Last Updated: 18th October, 2022

Borrow up to 95% without paying Lenders Mortgage Insurance (LMI). No minimum income requirement. Exclusively for veterinarians. Call us on 1300 889 743 or enquire online. T&C apply.


Save thousands with home loan discounts for vets

Veterinarians are seen as low risk borrowers and some lenders are willing to go the extra mile to get your business. You may be eligible to:

  • Borrow 95% with waived LMI: You can borrow 95% of the property value and avoid the cost of Lenders Mortgage Insurance (LMI).
  • Borrow up to a maximum loan size of $4.5 million.
  • Access signficantly reduced interest rates that aren’t available to the general public.
  • Rapidly build an investment property portfolio thanks to higher exposure limits for high net worth investors.
  • 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.

95% waived LMI for veterinarians

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 when borrowing 95% of the value of a $1,000,000 property.

Did you know that as a vet, you may qualify for a no deposit LMI waiver?

Select lenders can consider waiving the cost of Lenders Mortgage Insurance (LMI) for vets, saving you thousands of dollars.

By not having to pay a deposit or the mortgage insurance premium, you’ll be able to more easily buy multiple investment properties or buy the dream home you’ve always wanted.

Find out if you qualify for veterinarn home loan discounts by calling 1300 889 743 or by filling in our free assessment form today.

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.

Who is eligible for discounts?

Home loans with 95% no LMI are an incredible discount and only available to medical professionals like vets.

These home loan savings are available no matter whether you’re working in a vet clinic, hospital or university clinic.

Other practice staff such as vet nurses, practice managers and technicians may not be eligible for 95% waived LMI but they may qualify for discounted interest rates based on the size of their home loan.

Purchasing multiple investment properties

With a 95% LMI waiver, access to exclusive home loan rates, and a higher $4.5 million borrowing limit, verterinarians can free up their cash flow to buy multiple real estate rapidly.

What often catches new property investors off guard is when they hit a wall with their lender’s mortgage exposure limit.

What that means is that banks don’t like to put all of their eggs in one basket or have a large amount debt with one borrower.

For high net worth borrowers like vets, some lenders are willing to relax these exposure limit requirements so you can borrow the amount you need to expand your portfolio.

Other times, it makes sense to spread your risk across multiple lenders to free up your cash flow, make it easier to access equity when you need it and, ultimately, maximise your return on investment.

We’re experts in helping veterinarians to align their mortgage strategy with their property investment plans.

Speak to the experts in home loans for veterinarians

Which lender has significant home loan discounts for vets?

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