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 |