Professions / Doctors & Medical Specialists
Home Loans for Doctors &
Medical Specialists
Specialist lending policies built around how doctors earn, how they structure income, and what they are genuinely entitled to.
Why This Matters for Doctors & Medical Specialists
LMI Waived up to $4.5M
Eligible medical professionals can borrow up to $4.5M without paying Lenders Mortgage Insurance — regardless of deposit size. This alone can save tens of thousands upfront.
HECS-HELP Excluded from Assessment
Standard lenders count your HECS debt as a committed liability, significantly reducing your borrowing capacity. Specialist lenders on our panel can partially or fully exclude HECS, restoring your true borrowing power.
Complex Income Properly Assessed
PAYG hospital income, private billings, locum work, trust distributions — standard banks run this through a blunt calculator. We work with lenders who understand medical income structures and assess them correctly.
Borrow Up to 95% LVR Without LMI
A 20% deposit is not required. Eligible doctors can access up to 95% LVR with no LMI payable — making property ownership achievable earlier in your career.
Priority Turnaround
Busy schedules demand fast responses. Medical clients receive dedicated broker support and priority processing through our lender panel.
case study
The Bank Said No. We Structured It Properly.
Sydney-based Medical Specialist
Purchasing a primary residence while working across multiple income streams including PAYG hospital income, private billings, and additional overtime.
The Challenge
The client’s bank would only recognise part of their income, reducing their borrowing capacity significantly below what they needed. They were told a larger loan was not possible.
What We Did
- Placed the application with a specialist medical lender who assessed 100% of eligible income
- HECS debt excluded from the serviceability calculation
- Structured as a 95% LVR loan with LMI fully waived
- Submitted through a medical-specific policy pathway for faster approval
The OUTCOMES
- Approved with minimal deposit contribution
- Borrowing capacity increased substantially versus the bank's assessment
- Zero LMI payable — saving over $30,000 upfront
- Settled within 3 weeks of application lodgement
- Secured a competitive professional package rate
FAQ
Frequently Asked Questions
Do I need to be fully qualified to access medical professional lending?
No. Many lenders extend their medical professional policies to interns, registrars, and doctors in training — provided you hold a relevant degree or are registered with AHPRA. We assess eligibility on a case-by-case basis.
How much can I borrow without LMI as a doctor?
Depending on the lender, eligible medical professionals can access LMI waivers on loans up to $4.5M. The specific limit varies by lender policy and your individual circumstances.
My income comes from multiple sources — will this be a problem?
Not with the right lender. We work with lenders who specifically accommodate mixed income structures including PAYG, private billings, and locum income. Correct presentation of your income profile is critical, and this is where we add the most value.
Can I use a specialist lender if I already have a home loan?
Yes. If you are refinancing, switching to a specialist lender can unlock better rates, improved loan features, and potentially release equity — all while maintaining medical-specific lending conditions.
Will my HECS debt stop me from borrowing what I need?
At a standard bank, yes — it can reduce your capacity by $150,000 to $200,000 depending on your income. Through our specialist lender panel, HECS can be partially or fully excluded, restoring your real borrowing power.
Key Takeaway
Some doctors may qualify for LMI waivers, specialist income assessment and professional lending policies — but lender choice and documentation are critical. Registrars, locums and practice owners each face different requirements.
This Page Is For
✔
Doctors buying with less than a 20% deposit
✔
Registrars near end of training wanting to buy before becoming a consultant
✔
Locum doctors needing income history assessment
✔
Practice-owner doctors with income flowing through a company or trust
✔
Doctors with significant HECS wanting to understand borrowing capacity
What To Prepare Before Speaking With Us
→
AHPRA registration certificate — current and unrestricted
→
Most recent payslips or locum engagement summaries
→
Tax returns and practice financials if self-employed or practice-owner
→
HECS/HELP balance from ATO online
→
Existing loan statements and credit card details
Quick Answer
Some doctors and medical professionals may qualify for LMI waivers, registrar income consideration and specialist professional lending policies — but lender choice and documentation are critical.
Medical Professional Lending Policies
Some lenders have specific policies for medical professionals that can affect LMI waiver eligibility, borrowing capacity assessment, and how income is treated. These policies vary significantly and are not available from all lenders.
Registrar Income
Registrars typically earn less than consultants but may still access medical professional lending policies. Some lenders consider future income trajectory for registrars near completion of training.
✓
Current PAYG income assessed
✓
Some lenders extend LMI waivers to registrars
✓
AHPRA registration required
Locum Income
Locum income can be complex for lenders. Requirements around history, consistency and documentation vary significantly. Not all lenders have clear locum income policies.
✓
12–24 months locum history typically needed
✓
AHPRA registration and contract letters
✓
Income consistency is a key assessment factor
✓
Tax returns and bank statements required
✓
ABN if billing through an entity
Doctor LMI Waivers
Some lenders offer LMI waiver policies for medical professionals registered with AHPRA. These can allow eligible doctors to borrow above 80% LVR without standard LMI, subject to lender policy, income, loan size and full assessment.
✓
✓
✓
✓
Income and employment type assessed
✓
Loan size limits may apply
HECS & Doctor Borrowing Capacity
Doctors often carry significant HECS from medical school. As income rises, compulsory HECS repayments increase — and lenders include this in serviceability calculations. At senior income levels, HECS can reduce borrowing capacity by $100,000–$200,000 or more.
✓
Compulsory HECS repayment included in serviceability
✓
Different lenders may model HECS differently
✓
✓
Investment Lending For Doctors
Doctors are often well-positioned for investment lending due to strong income, but investment loan structure still requires careful planning. Loan purpose, equity use, interest-only options, rental income treatment and future borrowing capacity all matter.
Equity Release
Using equity in an existing property as a deposit for an investment purchase. Structure and loan purpose must be clear.
Interest-Only Options
May assist investment cash flow but costs more over time. Subject to lender policy and serviceability.
Future Capacity
How investment debt affects the ability to borrow further — relevant for doctors building a portfolio.
Business & Practice Finance
✓
✓
✓
✓
✓
Doctors who own or operate a practice may need finance beyond standard home loans. Practice purchase, equipment, fit-out, working capital and commercial property lending all have different requirements.
Documents Doctors Should Prepare
✓
✓
✓
✓
Frequently Asked Questions
Can registrars get LMI waivers?
Some lenders extend medical professional LMI waiver policies to registrars. Policy varies and eligibility is subject to assessment.
Can locum doctors get a home loan?
Yes. Some lenders assess locum income if history is sufficient and documentation is in order.
Does HECS significantly affect doctor borrowing capacity?
Yes. At higher income levels, HECS repayments can reduce borrowing capacity materially. Lender choice can make a difference.
Can doctors get interest-only investment loans?
Yes, subject to lender policy and serviceability assessment.
What AHPRA registration is needed for LMI waivers?
Requirements vary by lender. Current, unrestricted AHPRA registration is typically required.
Book A Medical Lending Review
We assess AHPRA registration, income, LMI waiver eligibility and lender options for medical professionals.
General information only. Lending eligibility, LMI waiver policies, rates and approval outcomes vary by lender and are subject to assessment.
Common Mistakes Doctors Make Before Applying
✗
Applying without AHPRA registration certificate ready
✗
Not confirming whether the lender policy covers their specific situation
✗
Underestimating HECS impact at higher income levels
✗
Not separating personal and practice income documentation clearly
✗
Speak With A Real Broker
Your enquiry is reviewed by the Simpli Finance team so the right broker can guide your next step. We help clients compare lender policy, borrowing capacity, LMI waiver pathways, refinance options and loan structure across a broad lender panel.
KK
Kris Kumar
Director / Co-Founder
Helps professionals, business owners, refinancers and investors review lending strategy and lender options.
PP
Peter Pak
Director / Co-Founder
Helps clients compare home loans, refinancing, business finance and investment lending options.
CO
Chris Oh
Mortgage Broker
Helps medical professionals review LMI waiver eligibility and professional lending options.