Doctors and medical professionals
Doctors and medical professionals = low-risk in the eye of a lender. If you fall into one of the below eligible medical categories, you may be able to:
Avoid paying mortgage insurance (LMI)
Secure a low deposit home loan
Get discounted interest rates, or
Have an easier time getting approved for a loan compared to most borrowers
Eligible medical professionals
Anaesthesiologist
Anaesthetist
Cardiologist
Chiropractor
Clinical Pharmacologist
Cosmetic Surgeon
Dentist
Dermatologist
Doctor
(ENT) Ear, Nose and Throat Surgeon
Gastroenterologist
(GP) General Practitioner
Gynaecologist
Endocrinologist
Intern doctor (internship)
Neurosurgeon
Obstetrician
Optometrist
Pharmacist
Psychiatrist
Veterinarian
How much could a medical professional save on LMI?
The below table is an estimate only for a first home buyer with a 30-year loan. These figures fluctuate and it’s best to get in touch with us for a more accurate assessment.
Deposit size | Property value | LMI saving |
Deposite Size | Proptery Value | LMI Saving |
$25,000 | $500,000 | $15,888 |
$50,000 | $500,000 | $8,428 |
$37,500 | $750,000 | $32,867 |
$75,000 | $750,000 | $15,977 |
$50,000 | $1,000,000 | $43,728 |
$100,000 | $1,000,000 | $22,644 |
