Home Loans For Psychologists

Why Psychologists Choose Ausfirst Lending Group

Many psychologists come to us because we’ve worked inside banks and understand what lenders are looking for. That knowledge allows us to structure loan applications with the right documentation and context from the outset.

We maintain strong working relationships with a range of lenders, which may allow us to request quicker application assessments, access competitive interest rates, and in some cases, work with specialised lending teams who understand professional income profiles.

You’ll be kept informed at every step, with clear explanations and open communication throughout the process.

Our brokers draw on years of lending experience and have helped guide other professionals through similar journeys—so you’re working with someone who understands what matters to you.

Loans That Consider Your Profession

Psychologists often have stable career paths and long-term income potential. However, many lenders still apply generic policies that may not recognise the strength of your profession.

Some lenders offer home loan products that take professional status, qualifications, and income structure into consideration. This may allow for more flexibility around deposit size, documentation, or risk assessment—depending on your circumstances.

LMI May Not Be Required for Eligible Borrowers

Lenders’ Mortgage Insurance (LMI) is generally required when borrowing more than 80% of a property’s value. However, some lenders offer waivers to certain professionals—including psychologists—based on financial profile, qualifications, and employment type.

These offers are not guaranteed and are subject to lender discretion. We’ll evaluate your situation to determine whether you may be eligible for this benefit.

Eligibility for LMI Waivers Varies by Profession and Circumstance

LMI waiver eligibility depends on a range of factors. Some lenders may offer this benefit to psychologists, but approval is based on your full financial picture.

Lenders typically consider:

• Professional registration and qualifications
• Type of employment and income consistency
• Size of deposit and overall loan amount
• Internal policies and credit assessment processes

We can help assess your eligibility and present your application in a way that aligns with lender requirements.

Other Allied Health Professionals May Also Qualify

We also assist a range of allied health professionals, including counsellors, social workers, occupational therapists, and speech pathologists.

Depending on the lender, you may be considered under the same or similar lending criteria as psychologists.

Some lenders may extend similar considerations to other registered health professionals—such as those looking into home loans for doctors or home loans for nurses—depending on how the profession is classified within lending policy.

If you’re unsure whether your role may be eligible, we can review your situation and guide you through your options.

Reach out and speak with a broker who understands the financial landscape for healthcare professionals.

What to Expect When You Apply

Every lender has different home loan options, documentation requirements, and policy interpretations. Some may offer lower upfront costs, while others may have stricter criteria for income or deposit amounts.

We’ll walk you through available options and help identify a psychologist home loan structure that may suit your goals and financial situation.

Our process here at Ausfirst Lending Group is personalised and transparent—no preset options, no pressure. Just practical guidance and a focus on what works for you.

LMI-Free Loans May Still Include Flexible Features

If you qualify for an LMI waiver, your home loan may still offer many of the features commonly available through standard loan packages.

These may include:

• Offset accounts
• Redraw facilities
• Fixed and variable interest rate options
• Interest-only or principal & interest repayments
• Split loan structures
• Linked credit cards with annual fee waivers (offered by some lenders as part of packaged loans)

We’ll explain which features are available and help you compare options based on your preferences and long-term plans.

Thinking About Your Next Move? Let’s Chat

If you’re a psychologist or mental health professional considering your next property move, we’re here to help you explore your options with clarity and care. 

Some psychologists—particularly those with stable income or long-term career plans—may be exploring property as a next step, similar to trends seen among first-time investors turning to property investment, where broader goals such as diversification or long-term planning often play a role.

Speak with one of our experienced brokers today to discuss your goals and learn more about home loans for psychologists and how we may be able to assist.