Last Updated: 18th October, 2022

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


Physiotherapist home loan discounts

Physical therapists (physios) may be eligible for:

  • Borrow up to 95% with waived LMI: Borrow up to 95% of the property value and avoid Lenders Mortgage Insurance (LMI).
  • Borrow up to a maximum loan size of $4.5 million.
  • Access significantly 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.
  • Take advantage of flexible approval criteria for new graduates.

Call us today on 1300 889 743 or complete our free online assessment form to discover if you qualify.

In 2020, all lenders pulled out of offering 100% no LMI home loans for physiotherapists due to COVID-19. But since then, a few lenders have re-entered the market but are only lending upto 90% of the property value with no LMI.

95% No LMI Home Loans

A lender on our panel is offering waived LMI on a 95% home loan for physiotherapists. There is no minimum income requirement. To qualify for no LMI on a 95% home loan:
  • You must buy a residential property. (Only Category 1 and 2 locations accepted)
  • You must hold a university degree from Australia or overseas.
  • You must be an Australian citizen or permanent resident living and working in Australia.
  • You must be employed as a physiotherapist and not on probation.
  • You have PAYG income in the industry for at least the last three years; doesn’t all have to be with the same employer but you must be past your probation period.
  • Minimum credit score required.
  • You need a minimum of 2 years’ tax returns and full financials if self-employed. ABN must be registered for at least two years and you must provide evidence of reported profit each year.
  • The maximum loan amount is $1 million.

How long will banks offer waived LMI?

We’re not sure for how long!

Luckily, the lenders who don’t offer 90% waived LMI loans to physiotherapists apply discounts depending on your net worth and professional employment status. Specifically:

  • You must be fully qualified and working full-time.
  • You must be registered with the Australian Health Practitioner Regulation Agency (AHPRA).
  • There is no minimum income requirement although you’ll need to demonstrate your ability to pay back the home loan as per standard bank policy.

Fill in our free assessment form or call us directly on 1300 889 743.

100% no LMI for physiotherapists

It’s worth noting that 100% no LMI home loans for physiotherapists used to be available pre-COVID,-19 but since then lenders have reduced it to 90% of the property value.

Nonetheless, for regular home loan customers, borrowing more than 80% of the property value means the lender will charge them a mortgage insurance premium.

How much does it cost?

With some lenders, it can work out to be around $24,000 when borrowing 90% of the property value on a $1,000,000 property.

As an eligible physiotherapist, you can save up to $24,000 in LMI fees.

The fact is, if you have no deposit, and no guarantor to mitigate the risk, you would normally be declined for a home loan.

Because of your professional status, you can avoid the cost of mortgage insurance completely.

You’ll save thousands in upfront costs, allowing you to put that money to work growing your property portfolio or buying the home of your dreams.

To give you a clearer idea of how much you’ll save, input the amount of your deposit and the value of the property you want to buy in the LMI calculator.

Call our mortgage brokers on 1300 889 743 or fill in our free assessment form and we can let you know how much you can save.

Significant interest rate discounts are available

Physical therapists are known for their stable employment and great salaries, so many lenders are willing to offer significant interest rate discounts to you.

The discount you can get will depend on:

  • Your professional status.
  • Total income and asset position.
  • The amount you are borrowing.

Depending on your situation, we may even be able to negotiate an interest rate that’s even cheaper than the special fixed and variable interest rates already on our website.

Rapidly grow your portfolio

With our physiotherapist home loan, you can kick-start your investment portfolio by buying properties with much smaller deposits.

Here’s how it works

If we’re able to get your home loan approved without the LMI requirement, you could potentially be saving thousands of dollars from the get-go meaning the deposit you require will be much less.

We recommend that you consider 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 offer discounts to physical therapists?

These substantial home loan benefits are available through three of our lenders, but how do you know which to go with?

Three of our lenders currently offer these home loan benefits, and with the help of a specialist mortgage broker, we can properly assess your situation to find the right loan for you.

This will be subject to:

  • 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.

To get the most out of these benefits, we may suggest splitting up your mortgage between different lenders.

Are all physiotherapists eligible?

As long as you’re fully qualified, a member of AHPRA and working full time, all types of physical therapists are accepted, whether you specialise in:

  • Geriatric physical therapy
  • Integumentary
  • Neurological
  • Orthopedic
  • Pediatric
  • Sports
  • Women’s health
  • Palliative care

Get a physiotherapist home loan today

We are experts in lending to physical therapists, and we know which lenders offer incredible home loan discounts including reduced interest rates and a 90% LMI waiver.

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.