Home loans for doctors, nurse, medical professional and health care professionals.
Commonly referred as the “medico home loan” – as the name suggest it’s a special discounted home loan (life of the loan discounts) with special flexible policy made available for borrowers employed in the medical industry and health care industry.
Health care professional is considered the top professions that banks favour. According to bank statistics, they have the lowest mortgage delinquency and tend to starts their own practices or private consulting, which require commercial and business loans down the track.
In exchange Health care professional get a range of benefits, including special loans, special rates, special treatment on income and access to loans without lenders mortgage insurance up to 95% loan to value ratio.
Loans for Doctors, Dentist, Optometrist, Pharmacist and other medical professionals
Type of loans and specials for health care professionals
Health care professional can access:
- No LMI (lenders mortgage insurance) loans up to 85%, 90% and 95% LVR (loan to value ratio).
- A bigger discount on home loans, commercial loans and business loans – available for investment loans and owner occupied.
- Flexible choice of income – we can accept one year’s tax return for self-employed and contractors.
- Some banks can consider 100% of overtime and allowances.
- Some banks can accept the full 100% of casual income and 52 weeks per year to date without any buffer or shading.
- Probation is fine.
- Access to full doc loans and low doc loans.
- Flexible security acceptance.
- Property can be under a trust or company set up.
No LMI home loan for Medical professional,
Nurse and Doctors
85% LVR NO LMI | 90% LVR NO LMI | Special conditions | |
Anaesthetist | Investment and Owners | Investment and Owners | NA |
Cardio Thoracic Surgeon | Investment and Owners | Investment and Owners | NA |
Cardiologist | Investment and Owners | Investment and Owners | NA |
Chiropractor | Investment and Owners | Investment and Owners | Min income requirement applies |
Clinical Pharmacologist | Investment and Owners | Investment and Owners | NA |
Cosmetic Surgeon | Investment and Owners | Investment and Owners | NA |
Dentist | Investment and Owners | Investment and Owners | NA |
Dermatologist | Investment and Owners | Investment and Owners | NA |
Ear and Throat Surgeon | Investment and Owners | Investment and Owners | NA |
Emergency Surgeon | Investment and Owners | Investment and Owners | NA |
Endocrinologist | Investment and Owners | Investment and Owners | NA |
Gastro Intestinal Surgeon | Investment and Owners | Investment and Owners | NA |
Gastroenterologist | Investment and Owners | Investment and Owners | NA |
Haematologist | Investment and Owners | Investment and Owners | NA |
Hepatologist | Investment and Owners | Investment and Owners | NA |
Immunologist | Investment and Owners | Investment and Owners | NA |
Midwife | Investment and Owners | Investment and Owners | Min income requirement applies |
Nurse | Investment and Owners | Investment and Owners | NA |
Neurosurgeon | Investment and Owners | Investment and Owners | NA |
Neurologist and Nephrologist | Investment and Owners | Investment and Owners | NA |
Obstetrician | Investment and Owners | Investment and Owners | NA |
Occupational therapist | Investment and Owners | Investment and Owners | Min income requirement applies |
Oncologist | Investment and Owners | Investment and Owners | NA |
Ophthalmologist | Investment and Owners | Investment and Owners | NA |
Optometrist | Investment and Owners | Investment and Owners | Min income requirement applies |
Oral and Maxillofacial Surgeon | Investment and Owners | Investment and Owners | NA |
Orthopaedic Surgeon | Investment and Owners | Investment and Owners | NA |
Orthopaedic Registrars | Investment and Owners | Investment and Owners | NA |
Otolaryngologist | Investment and Owners | Investment and Owners | NA |
Paediatric Surgeon (Neonatal/Perinatal) | Investment and Owners | Investment and Owners | NA |
Pathologist | Investment and Owners | Investment and Owners | NA |
Pharmacist | Investment and Owners | Investment and Owners | Min income requirement applies |
Physio | Investment and Owners | Investment and Owners | NA |
Plastic Surgeon | Investment and Owners | Investment and Owners | NA |
Psychiatrist | Investment and Owners | Investment and Owners | NA |
Psychologist | Investment and Owners | Investment and Owners | Min income requirement applies |
Radiologist | Investment and Owners | Investment and Owners | NA |
Radiographer | Investment and Owners | Investment and Owners | Min income requirement applies |
Reconstructive Surgeon | Investment and Owners | Investment and Owners | NA |
Respiratory/Thoracic Surgeon | Investment and Owners | Investment and Owners | NA |
Rheumatologist | Investment and Owners | Investment and Owners | NA |
Sonographer | Investment and Owners | Investment and Owners | Min income requirement applies |
Surgeons | Investment and Owners | Investment and Owners | NA |
Urologist | Investment and Owners | Investment and Owners | NA |
Vascular Surgeon | Investment and Owners | Investment and Owners | NA |
Veterinarian | Investment and Owners | Investment and Owners | NA |