Doctors are treated differently by lenders — mostly in your favour. Because medical professionals are seen as low-risk, stable earners, many lenders waive Lenders Mortgage Insurance (LMI) for eligible doctors, extend a higher borrowing capacity, and offer professional-package pricing that most other occupations don’t receive.
Ausfirst Lending Group is a Sunshine Coast finance advisory business. We assess options from a panel of more than 40 lenders, work out which medico policies you actually qualify for, and manage the application through to settlement. With over 50 years of combined lending experience, you deal with the same adviser the whole way.
Whether you’re a GP, specialist, surgeon or registrar buying your first home, upgrading, or building an investment portfolio, the starting point is the same: matching your profession and income to the lender whose doctor policy suits you best.
Many lenders waive LMI for eligible doctors, even with a deposit under 20%.
Seen as low-risk, doctors can often borrow more on the same income.
The same person from first chat through to settlement.
Lenders compete for medical professionals because the numbers back it: stable, high earning potential and very low default rates. That’s why medico policies exist — waived LMI, higher LVRs and professional-package pricing. The catch is that eligibility, the professions covered and the size of the benefit vary a lot between lenders, so the value is in matching you to the right one, not assuming every “doctor deal” applies to you.
Where being a medical professional genuinely changes the deal — subject to lender policy and your profession:
Many lenders waive LMI for eligible doctors even with a deposit under 20% — often up to 90%, and in some cases 95%, of the property value. On a larger purchase that can save thousands upfront. The exact LVR and eligibility depend on the lender and your profession.
Seen as low-risk, stable earners, doctors can often borrow more than a standard applicant on the same income — which can open up a higher-value home or an investment purchase.
Many lenders offer doctors discounted or professional-package rates, reflecting the low risk medical professionals represent. Over the life of a loan, that can be a meaningful saving.
Offset accounts, redraw and flexible repayments help you manage the loan around on-call work, variable rosters and irregular income — matched to how you’re actually paid, not just the headline rate.
Doctor policies aren’t identical between lenders, but most come down to four things:
Most lenders want you practising in a recognised medical field and registered with AHPRA. GPs, specialists, surgeons and dentists are commonly covered; some lenders extend to optometrists, pharmacists, physios and vets — it varies, so we check.
Australian citizens and permanent residents qualify most easily. Some lenders consider medical professionals on 482 or 457-type visas, usually with a larger deposit and tighter terms.
PAYG doctors are usually assessed on 100% of base salary, with casual, overtime and allowances counted in part. Self-employed doctors typically need two years’ returns, though BAS or interim financials can help.
A tidy credit history helps. Minor blemishes aren’t always dealbreakers, but they change which lenders will offer their best terms.
The benefits are real, but a doctor loan should still be a clear-eyed decision:
A higher approval isn’t a target. Borrowing to the ceiling can strain cashflow if circumstances change — we size the loan to what’s comfortable, not just the maximum.
Job stability is high, but a career shift, reduced hours or time out can affect serviceability — especially on a loan set against a higher income.
On a variable rate, repayments move with the market. Build in room for rate rises before you stretch to the top of your budget.
The value isn’t just access to medico policies — it’s knowing which one fits you:
Which lenders waive LMI for which professions, at what LVR, and who prices doctors best — we handle this regularly, so your file isn’t left on a generic policy that ignores your profession.
Doctor policy varies widely between lenders. Comparing the panel means matching your profession and income to a lender whose rules already suit them.
You work directly with Richard Luke, our director, with more than 30 years in Queensland lending — not a call centre and not a different voice each time.
For most home loans our service is provided at no direct cost to you, because the lender pays us a commission on settlement. We explain and disclose any fees before you proceed.
A simple, four-step process built around advice before commitment:
We work out what you can borrow and which doctor policies you qualify for — no cost, no pressure.
We assess the panel and recommend the lender whose medico policy and pricing best fit your situation.
We prepare and submit everything — including your AHPRA and income evidence — and liaise with the lender and solicitor for you.
We see it through to settlement and review your loan at six months to check it remains competitive.
Tell us your profession, your stage and what you’re buying, and we’ll show you which medico benefits you actually qualify for and what you can borrow. A quick, obligation-free chat is the best place to start.
Prefer to talk in person? We’re based in the heart of Caloundra and happy to sit down with you for an obligation-free chat.
Suite 3/74 Bulcock Street
Caloundra QLD 4551
Phone: (07) 3916 7070
Open Monday to Friday, and by appointment.
Not automatically. Many lenders waive LMI for eligible doctors, often up to 90% and in some cases 95% of the property value, but it depends on your profession, income and the lender's policy. We check which lenders will waive it for your situation rather than assume it applies.
It varies by lender. GPs, specialists, surgeons and dentists are commonly included; some lenders extend medico policies to optometrists, pharmacists, physiotherapists, vets and others. Because the eligible list differs between lenders, it is worth checking before you apply.
Many lenders extend doctor policies to interns, residents and registrars, and sometimes to final-year students with a graduate role confirmed. The benefits can be scaled by career stage, but being AHPRA-registered in a recognised role is usually the key.
Yes. Self-employed doctors, practice owners and those paid through a company or trust are assessed on their business income — usually two years of returns with add-backs, though some lenders consider a shorter history or a low-doc approach. The medico benefits still apply where you are eligible.
Usually in part. Most lenders count a portion of consistent overtime, on-call and allowances — often 80% to 100% with a reasonable history — which can lift your borrowing capacity. How much counts varies by lender.
Yes. Two medical professionals applying together can often access the doctor benefits across the whole loan, and the combined income can meaningfully increase borrowing capacity. We structure the application to make the most of both incomes.
Doctors are often seen as low-risk, so some lenders allow a higher borrowing capacity than a standard applicant on the same income. The actual figure still depends on your income, expenses, existing debts and the lender's assessment.
Sometimes. Some lenders consider medical professionals on 482 or 457-type visas, though they usually ask for a larger deposit and apply tighter conditions. Options are narrower than for citizens and permanent residents, so matching you to the right lender matters.
Yes. The same doctor benefits — waived LMI where eligible, professional-package pricing and higher LVRs — can apply when you refinance, not only when you buy. It is worth reviewing your loan periodically to check it remains competitive.
For most home loans, no. Our service is generally provided at no direct cost to you because the lender pays a commission on settlement. We disclose any fees that do apply before you proceed.
At Ausfirst Lending Group, we understand that medical and healthcare professionals need more than just a loan—they need a lending partner who appreciates their unique journey. Whether you're a doctor, nurse, dentist, or allied health specialist, we provide tailored home loan solutions with personal guidance, LMI waivers, and flexible options that fit your career and lifestyle. With Richard’s 30+ years of hands-on broking experience, we ensure your loan process is managed with care, transparency, and expertise from start to finish
Educators play a vital role in shaping future generations, and we’re here to ensure their home loan journey is just as rewarding. Whether you're a school teacher, early childhood educator, university lecturer, or support staff member, we offer home loan solutions designed to recognise your dedication to the community. From exclusive lending benefits to flexible loan structures, we simplify the process so you can focus on what you do best—teaching and supporting others.
For those who serve and protect—whether in law enforcement, emergency services, legal professions, or defence—navigating the home loan process should be as straightforward as possible. We offer tailored mortgage solutions that acknowledge the unique demands of your profession, providing structured lending benefits, flexible options, and personalised support.
From police officers and firefighters to lawyers and defence personnel, we’re here to simplify your path to homeownership with solutions designed around your service.
