You qualify if you are working in the following roles:

– Registered Doctor
– Cardiologist
– Surgeons
– Neurologist
– Paediatrician
– Registered Nurse
– Midwife
– Nurse Educator and Researcher
– Nurse Manager
– Enrolled Nurse
– Nursing Support and Personal Care Worker

Confirmation must be obtained of the applicant’s qualifications and employment as an eligible medical professional via one of the following methods:

– Most recent Australian tax return or
– Copy of Australian university degree or qualification, or
– Copy of registration with the Medical Practitioners Board of Australia or equivalent body.

Medical Professionals with a minimum income threshold for some lenders

The following additional criteria apply:
‍
– The minimum income threshold is $90,000 (gross) per annum.
– The income used to meet the income threshold requirement must be income from the applicants’ qualification.
– If the application contains multiple qualifying professionals, the combined income of the qualifying professionals must meet the minimum gross taxable income stated above.

While standard loans require a 20% deposit to avoid Lenders Mortgage Insurance (LMI), eligible doctors and nurses can secure a home loan with as little as a 5% to 10% deposit (90%–95% LVR) with zero LMI fees.

Yes. Unlike standard bank policies that shade or cap overtime, our specialist healthcare lenders can accept 100% of nurse overtime, shift penalties, and on-call allowances to calculate your maximum borrowing capacity/

Yes. We work with lenders who recognise 100% of salary packaging and fringe benefit tax (FBT) exemptions for public and private hospital staff, significantly increasing your serviceability.

On a standard $750,000 Sydney property with a 5% deposit, LMI typically costs around $29,500. With a medical professional LMI waiver, you save that entire amount upfront.