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 100% with waived LMI: You can borrow 100% 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.

100% 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 90% 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 100% 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 are not eligible for 100% waived LMI but they may qualify for discounted interest rates based on the size of their home loan.

Purchasing multiple investment properties

With a 100% 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.

  • 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:

  • 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:

  • 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:

  • 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:

  • Theodore

    Does it matter whether I work in a private practice or in the public system?

  • No it doesn’t. Whether you are in the private or public sector, it won’t affect your ability to qualify for medical professional discounts like negotiated interest rates or waived LMI.

  • Collins

    I’m a vet running my own clinic in Perth. I’m looking to buy a property but due to me being a self-employed practitioner, it’s being tough to get a home loan. Could you guys help me out?

  • Hi Collins,
    As self-employed full doc loans require 2 years business financials, it’s tough to get you a full-doc loan. One of our lenders can approve loans for people who have been self-employed for between one and two years as long as they have been in the same line of work for some time and have at least one year’s financials for the new business. Talk to our mortgage brokers by calling 1300 889 743 or complete our free assessment form to find out if you qualify.

  • Abdul

    Quick question, do vets still qualify for medico loan?

  • Hi Abdul,
    Yes, veterinarians still qualify for home loans offered to select medical professionals also known as a medico loan. However, each lender have their own minimum income requirements, in the states of NSW, ACT, QLD, and VIC – the minimum income threshold is $150,000, and $120,000 in all the other states.