Doctor home loans
Home loans for doctors and dentists
Some lenders let doctors buy with a 5% deposit and no lenders mortgage insurance, on loans into the millions. We search a panel of 75 lenders and tell you who's offering what right now.
Can doctors skip LMI?
Yes, at some lenders, with just a 5% deposit.
- No LMI with a 5% deposit: some lenders waive lenders mortgage insurance for doctors, dentists and specialists who borrow up to 95% of the property's value.
- Big loans: at some lenders the waiver covers loans into the millions.
- Junior doctors too: some lenders accept interns, residents and registrars, not just consultants.
- No minimum income: some lenders set no income minimum for doctors. Your income still has to cover the repayments.
From lenders' own policy documents, broker guides and websites, checked 14-10-2026. Each lender sets its own list of professions, loan limits and conditions, and they change often. General information only, not credit advice, and it does not consider your objectives, financial situation or needs.
Which medical professionals can skip LMI?
| Profession | Deposit at some lenders | Good to know |
|---|---|---|
| Doctors (GPs, hospital doctors and specialists) and dentists | From 5% | Some lenders include interns, residents and registrars |
| Pharmacists, physios, optometrists, vets, psychologists and other registered health professionals | 5% to 10% | Some lenders set an income minimum |
| Registered nurses and midwives | Ask us | See home loans for nurses |
How much can a doctor borrow?
It depends on your income, your debts and your living costs.
Each lender also sets a limit on how much it will lend without LMI, and at some lenders that runs into the millions. Send us your payslips, or your tax returns if you are in private practice, and we will tell you how much you could borrow.
Private practice, contractors and locums
Lenders read employed, private practice, contractor and locum income differently. Payslips work if you are employed. If you are in private practice, or work as a locum or contractor through your own ABN, lenders usually want your tax returns. Some lenders want most of your income to come from your medical work. We look for a lender that suits how you are paid.
What do lenders ask doctors for?
Your AHPRA registration and proof of your income.
- Your registration: some lenders want general or specialist registration. Others accept provisional or limited registration, which helps interns and doctors in supervised practice.
- Your income: payslips if you are employed, or tax returns if you are in private practice.
- The loan: some lenders also waive LMI when you refinance, build or renovate, and some allow investment loans, sometimes with a bigger deposit.
How we help
We compare the doctor LMI waivers on our panel and look for the one that fits.
We check which waivers suit your registration, your loan size and your deposit, then handle the application and the lender, from pre-approval to settlement. Rostered on? We work evenings and weekends, by phone or video call. Our home loan service costs you nothing: the lender pays us when your loan settles.
Partner a nurse, paramedic or police officer? See every job on our first responder page.
Common questions
Questions from doctors and dentists
Can doctors get a home loan without LMI?
Yes, at some lenders. Some waive lenders mortgage insurance for doctors, dentists and specialists who borrow up to 95% of the property's value, so you could buy with a 5% deposit plus costs like stamp duty.
Do junior doctors qualify for an LMI waiver?
At some lenders, yes. Some accept interns, residents and registrars, including some on provisional or limited registration. Others want general or specialist registration first.
Which health professionals can get an LMI waiver?
Doctors, dentists and specialists get the best terms. At some lenders, pharmacists, physios, optometrists, vets, psychologists and other registered health professionals can also qualify, usually with a 5 to 10% deposit, and some set an income minimum. Some lenders also waive LMI for registered nurses and midwives. Conditions apply, so ask us.
Is there a limit on how much I can borrow without LMI?
Yes. Each lender sets its own limit, and at some lenders it runs into the millions. Your income still has to cover the repayments.
Can I use an LMI waiver to refinance or buy an investment?
At some lenders, yes. Some apply the waiver when you refinance, build or renovate, and some allow investment loans too, sometimes with a bigger deposit.
Do locum doctors qualify?
At some lenders, yes. Lenders want your registration, plus payslips if you are paid through payroll, or usually your tax returns if you work through your own ABN.
Does my HECS-HELP debt cut what I can borrow?
It can. Your compulsory repayments come out of your pay, so they can lower what a lender will lend. Each lender works it out a little differently, so we check a few for you.
Keep the LMI money
Let's see if you can skip the LMI
Send us your AHPRA registration and last two payslips, and we will tell you which lenders could waive your LMI and how much you could borrow. The first chat is free. Queensland-based, lending Australia-wide.