Call 02 8068 0534 to speak to the team today
Easy Mortgages for Doctors in Sydney
- Expert Advice
- Hassle-Free Process
- Affordable Rates
- Fast Approvals
- Low Deposit offering
We Make Home Loans for Doctors Easy
Make an Enquiry
Reach out to us to discuss your requirements. Our experienced brokers are up to date with policy changes and will navigate the vast options to find the right product for you.
Speak with a Broker
We provide personalised advice, free property/suburb reports, and ensure there are no broker fees payable. We focus on finding the best solution for your situation.
Loan Approval
We manage all paperwork and liaise with lenders for you, making the Doctor house loan approval process smooth and hassle-free, ensuring you get the best deal available.
About Us
Established by award-winning Home Finance Manager Craig McDonald, CBM Mortgages specialises in providing mortgages for doctors.
With 20 years of experience in residential lending across Sydney, we offer personalised and hassle-free solutions tailored to the unique needs of medical professionals.
Our expertise ensures the best mortgage rates, delivering exceptional service and ensuring doctors receive the optimal solutions tailored to their unique needs.
APPROVED LENDERS
Experience the Benefits of Doctor Mortgage Loan
and job stability. Here are the key benefits:
Waived Lenders Mortgage Insurance (LMI)
Save between $10,000 to $60,000 as banks often waive this fee for doctors, even with a lower deposit.
Lower Deposit Requirements
Secure a Dr Loan mortgage with deposits as low as 5%, enabling you to borrow up to 90% or 100% of the property value.
Higher Loan to Value Ratio (LVR)
Access higher LVR loans without additional guarantees, beneficial for new doctors with fewer savings.
Competitive Interest Rates
Enjoy lower interest rates as we can negotiate the interest rate for you
Flexible Repayment Options
Benefit from repayment options of weekly, fortnightly or monthly, making money management easier for you Reach out today to learn how you can take advantage of these tailored benefits.
We Get Home Loans for Medical Doctors Approved
Why Choose CBM Mortgages for a Doctor
House Loan in Sydney
Specialised Expertise
We have extensive experience in securing home loans for doctors and physicians, understanding their unique financial needs and challenges.
Wide Range of Lenders
We collaborate with over 30 approved lenders, including the major banks to ensure we find the best option for your individual scenario.
Competitive Rates
We leverage our strong lender connections to negotiate the most competitive interest rates, ensuring you save money on your mortgage over the long term.
Comprehensive Support
From the initial consultation to loan approval, we provide end-to-end support, including liaising with lenders and handling all necessary paperwork.
Flexible Meeting Options
We understand your busy schedule and offer to meet at or consult at a time that suits you, making the process as convenient as possible.
Client-Centric Approach
We review your entire financial situation to recommend the most suitable loan products, without being influenced by commissions or incentives from lenders.
Frequently Asked Questions
Doctors, including general practitioners, specialists, dentists, and other medical professionals such as veterinarians and optometrists, are eligible, provided they can present proof of their professional credentials.
By working with CBM Mortgages, you can potentially save tens of thousands of dollars, depending on the value of your home loan.
Our specialist mortgage brokers, have over 20 years of experience in mortgage applications and can pinpoint savings opportunities whether you’re purchasing your first home, an investment property, or refinancing your existing home loan.
When applying, the required documents include:
- Verification of registration on the Australian Health Practitioner Regulation Agency (AHPRA) website
- Personal identification (driver’s licence or passport)
- Pay slips from the last three months
- Payment summary from your employer
- ABN and tax assessments from the last two years (if self-employed)
- Signed lease and rental statements (if receiving rental income)
- Information detailing your loans and liabilities
Here are the key reasons:
- High Earning Potential: Doctors generally have high and stable incomes, making them lower-risk borrowers for lenders.
- Job Security: The medical profession is known for its job stability, further reducing the risk for lenders.
- Favorable Loan Terms: Banks offer competitive interest rates and higher loan-to-value ratios to attract medical professionals.
- Exemptions from LMI: Doctors often qualify for exemptions from Lender’s Mortgage Insurance (LMI), even with lower deposits.
- Tailored Loan Products: Specialised loan products designed specifically for doctors include flexible repayment options and benefits not typically available to other occupations.
At CBM Mortgages, we understand the unique financial needs of doctors and offer mortgage solutions that reflect their professional status.
You can borrow up to 95% and in some instances 100% of the property value without requiring Lender’s Mortgage Insurance (LMI), depending on your financial situation and the lender’s criteria.
CBM Mortgages understands the unique income structures of medical professionals and accepts various forms of income. Here is a breakdown:
- Base PAYG salary for permanent part/full-time: 100% accepted.
- Casual Income: 100% accepted, typically requiring 12 months with current employer, but some banks consider as little as 3 months.
- Overtime: Up to 100% accepted by some banks; generally, 80% is standard with at least 3 months employment with the employer.
- Allowances: Depending on the allowance, 100% may be accepted; otherwise, typically 80%.
- For self employed applicants we typically need 2 years of tax returns. Some lenders will allow us to use one years returns.
- Business Activity Statements- Again some lenders will let us use these documents depending on your scenario and lending to value ratio.
Eligible medical professionals for a ‘doctors-only’ home loan include:
- Anaesthetist
- Cardiothoracic Surgeons
- Cardiologists
- Clinical Pharmacologists
- Cosmetic surgeons
- Dentists and dental surgeons
- Dermatologists
- Doctors, intern doctors & general practitioners
- Ear and Throat Surgeons
- Endocrinologists
- Gastroenterologists
- Gynaecologists
- Hematologists
- Hepatologists
- Immunologists
- Medical residents and registrars
- Neurologists
- Neurosurgeons
- Obstetricians
- Oncologists
- Ophthalmologists
- Optometrists
- Orthodontists
- Oral and Maxillofacial Surgeon
- Orthopaedic Consultant
- Orthodontist
- Otolaryngologist
- Paediatricians
- Pathologists
- Pharmacists
- Plastic surgeons
- Radiologists
- Reconstructive Surgeons
- Surgeons
- Urologists
Please note that different occupations may be able to go to a 95% Lending to value ratio and others to a 90% lending to value ration with mortgage insurance waived. If your occupation is not listed, simply call us at 02 8068 0534 to speak with our senior mortgage broker for prompt feedback on your eligibility.
The approval timeline can vary based on the complexity of the application and the responsiveness of the applicant. Generally, the process can take anywhere from a few days to a few weeks also depending on the selected banks service levels. CBM Mortgages aims to expedite the process by providing efficient and personalised service.
We are located at 43 Coogee Bay Rd, Coogee NSW 2034, Australia and are open during the following hours to accommodate your needs:
- Monday: 7:00 am – 8:00 pm
- Tuesday: 7:30 am – 8:00 pm
- Wednesday: 7:30 am – 8:00 pm
- Thursday: 7:30 am – 8:00 pm
- Friday: 8:00 am – 6:00 pm
- Saturday: 8:00 am – 1:00 pm
At CBM Mortgages, we offer tailored financial solutions with competitive rates, higher loan-to-value ratios, and flexible repayment options, specifically designed to accommodate the unique financial circumstances of medical professionals. We leverage our extensive experience and specialized policies to ensure doctors receive the best possible mortgage terms.