Tell us about your profession, income structure, deposit and property plans. We can then identify lenders with relevant medical-professional policies and explain the options that may suit your circumstances.
We review your borrowing capacity, income and property plans. We also check your AHPRA registration and compare suitable home loans for doctors across relevant lenders. Before you proceed, we explain the lender requirements and any broker or lender fees.
We help prepare and submit the application, organise the supporting documents and respond to lender requests. The lender will assess your income, expenses, credit history, professional credentials and property before deciding whether to approve the doctor home loan.
CBM Mortgages is a medical mortgage broker for doctors and healthcare professionals. We compare suitable home loans across a range of lenders.
As a mortgage broker for medical professionals, we understand PAYG income, overtime, allowances, contract work, private practice and self-employment.
We explain lender policies, possible LMI waivers and higher-LVR options. Available options and approval depend on the lender and your application.
Some lenders offer specialised home-loan policies for doctors and medical professionals. Available benefits depend on your profession, lender and application.
Eligible doctors and some medical professionals may qualify for a lender’s LMI waiver, potentially allowing them to borrow with a smaller deposit without paying Lenders Mortgage Insurance. Eligibility and maximum loan-to-value ratio depend on the profession, lender, property, loan purpose and overall application.
Eligible doctors may be able to borrow up to 95% of the property value, requiring a deposit from 5%, without paying Lenders Mortgage Insurance. The maximum LVR depends on the profession, lender, loan purpose, property and overall application.
Some eligible doctors and medical professionals may qualify for higher loan-to-value ratio options than standard lending policies allow. Maximum LVRs vary by profession and lender, and depend on the property, loan purpose, income, deposit and overall application.
Some lenders offer pricing or specialised policies for eligible medical professionals. We compare the interest rate, comparison rate, fees, loan features and eligibility requirements across suitable options, rather than focusing on the advertised rate alone.
Depending on the lender and loan product, available features may include weekly, fortnightly or monthly repayments, offset accounts, redraw facilities and fixed or variable rates. We explain the available features so you can compare how they may suit your circumstances.
We compare specialised home loans for doctors and eligible medical professionals across relevant lenders.
We review your profession, AHPRA registration, income, deposit and borrowing capacity. If you proceed, we help prepare the documents and manage lender follow-up. The lender makes the approval decision.
We understand that doctors and medical professionals may have income from PAYG employment, overtime, allowances, contract work, private practice or self-employment. We compare how relevant lenders assess these income structures and professional credentials.
We compare doctor home loans across a range of lenders, including major banks and specialist lenders. The suitable options depend on your profession, income structure, deposit, property, loan purpose and the lender policies available at the time.
We compare the interest rate, comparison rate, fees and loan features across suitable options. Any professional discounts or specialised medical lending policies depend on the lender, profession and overall application.
We assist throughout the home-loan process, from comparing suitable lenders and preparing documents to submitting the application and responding to lender requests. We also keep you informed as the application progresses towards approval and settlement.
We understand that medical professionals may have demanding or irregular schedules. Appointments can be arranged by phone, video call or in person at a suitable time, subject to availability.
We review your financial position, professional income, deposit and property plans before recommending suitable loan options. We explain why an option may be appropriate, including the rates, fees, features and lender requirements that apply.
Requirements differ between lenders. Medical practitioners who may qualify include doctors, general practitioners, specialists, surgeons and dentists. Some allied health professionals may also qualify.
Lenders check your profession, registration, income, deposit, property and loan purpose. A doctor home loans broker can compare current lender policies and explain the options available for your circumstances.
Document requirements vary between lenders, but the following information may be required for pre-approval and the full home-loan application:
The lender may request further documents depending on the applicant’s income structure, property and loan purpose.
Some lenders offer specialised policies to eligible doctors because medical careers may provide stable employment, strong earning potential and, in some cases, a high income. Depending on the lender and application, potential benefits may include an LMI waiver, a higher maximum loan-to-value ratio or specialised pricing.
These benefits are not automatic. Eligibility, rates and loan terms depend on the applicant’s profession, income, deposit, property, loan purpose and overall financial position.
Your borrowing capacity depends on your income, living expenses, existing debts, credit limits, deposit and the lender’s assessment criteria. Eligible doctors may be able to borrow up to 95% of the property value without paying Lenders Mortgage Insurance (LMI), but the maximum loan-to-value ratio varies by lender, profession, property, loan purpose and overall application.
The loan amount may also vary depending on whether you are buying an owner-occupied home or an investment property.
The borrowing power calculator can provide an initial estimate, but it is not a loan approval or a substitute for a lender assessment. A doctor mortgage loan broker can compare lender policies and explain how your borrowing capacity, deposit and maximum LVR may differ between optionsYour borrowing capacity and maximum loan amount depend on your income, living expenses, debts, credit limits, deposit and the lender’s assessment criteria.
Lenders may assess income differently depending on the applicant’s employment and the lender’s policy. Income considered may include:
Evidence may include payslips, employment contracts, bank statements, tax returns, financial statements or Business Activity Statements. The percentage of each income type accepted, and the required income history, varies between lenders.
Fees vary between lenders and loan products. They may include application, valuation, settlement, legal or ongoing package fees. CBM Mortgages will explain any broker fee that applies and compare the lender fees, interest rates and loan features before you proceed.
Some lenders may waive or reduce particular fees for eligible medical professionals, but this depends on the lender’s current policy and the overall application.
LMI-waiver eligibility varies between lenders. Depending on current lender policy, eligible professions may include:
Some professions may qualify for an LMI waiver up to 95% LVR, while others may have a lower maximum LVR. The lender will also consider professional registration, income, property, loan purpose and the overall application.
CBM Mortgages can check the policies available for your profession before you apply.
Approval timeframes vary between lenders and depend on the complexity of the application, the documents provided, the property assessment and whether further information is required. Preparing complete documents early can help reduce avoidable delays, but approval timing cannot be guaranteed.
Some lenders offer specialised home-loan policies to nurses, pharmacists, optometrists, veterinarians and other allied health professionals. Available benefits may differ from those offered to doctors and can include an LMI waiver, higher LVR or specialised income assessment.
Eligibility depends on the profession, registration, income, deposit, property, loan purpose and current lender policy. CBM Mortgages can check the options available for your occupation.
Reach out and let us help you with the process of home ownership with a cost and obligation free consultation
