The LMI waiver is real. Knowing which lender, for your role, is the hard part.
Doctors, dentists and many allied health professionals can borrow up to 90% — and with select lenders 95% or even 100% — with no Lenders Mortgage Insurance. That can save you tens of thousands. We track which lenders offer it, to which professions, and how they read your income.
Why lenders treat medical professionals differently — and how to use it properly
Lenders see doctors as low-risk: stable income, strong trajectory, protected registration. Several translate that into real policy advantages. The value is in knowing exactly which, and matching it to how you're actually paid.
Not every "medico" policy is equal
Lenders differ on the maximum LVR they'll waive LMI to, the professions they extend it to, and whether it covers investment as well as owner-occupied purchases. The headline "90% no LMI" hides a lot of variation.
Registrars, VMOs and mixed public/private income
A registrar on a training salary, a specialist with blended public and private billings, and a practice owner are three different assessments. Overtime, on-call and trust distributions are each read differently by each lender.
The profession list goes well beyond GPs
Dentists, specialists, pharmacists, optometrists, vets and many allied health roles qualify with select lenders — but the eligible list varies lender to lender, and so do the registration requirements.
Your home loan and your practice are connected
Many medical clients move from first home, to investment portfolio, to buying their rooms or funding equipment. How the early loans are structured affects what's possible later.
Who qualifies — and what lenders look for
Professions typically eligible
- General Practitioners (GPs)
- Specialists — surgeons, physicians, radiologists, anaesthetists
- Dentists and orthodontists
- Pharmacists and optometrists
- Physiotherapists & allied health professionals
- Veterinarians
- Registered nurses (select lenders)
Eligible professions vary by lender — we confirm yours against current policy.
Typical requirements
- Current AHPRA registration (where applicable)
- Generally 2+ years in the profession
- Confirmed employment or practice ownership
- Clean credit history
- Deposit from 10% (for 90% LVR, select lenders lower)
Exact criteria vary by lender and loan type. We assess your situation before recommending one.
Practice & equipment finance, handled in-house
Purchasing commercial rooms, fitting out a clinic, or financing equipment is assessed completely differently to a home loan. We arrange both — so your personal and practice finance work together.
Straight answers
How much can I borrow without paying LMI?
Many lenders will waive LMI up to 90% LVR for eligible medical professionals, and a select few extend it to 95% or even 100% for certain roles. The exact ceiling depends on the lender, your profession and whether the property is owner-occupied or an investment. We identify the strongest option for your situation.
Does the waiver apply to investment properties too?
With some lenders, yes — but not all. Several restrict the LMI waiver to owner-occupied purchases, while others extend it to investment lending. This is exactly the kind of policy detail we match to your plans.
I'm a registrar / still training. Do I qualify?
Often, yes. Some lenders recognise the strong earning trajectory of doctors in training, though policy and the income they'll accept varies. We know which lenders are comfortable with registrars and how to present training-stage income.
How is my private billing or practice income assessed?
Differently by every lender — and this is where capacity is won or lost. Mixed public/private income, service-trust structures and recent practice ownership each need the right lender and the right presentation. It's core to what we do.
What about buying my practice or equipment later?
We handle that too. Commercial rooms, clinic fit-outs and equipment finance are assessed on different criteria — we arrange them alongside your home lending so the whole picture is structured coherently.
Find out which lender gives you the best terms for your profession.
A no-obligation conversation about your role, your income structure, and the no-LMI options actually available to you right now.