At Medico Home Loans, we help Doctors, Nurses and Allied Health professionals access Exclusive Home Loan Options

At Medico Home Loans, our mortgage brokers work with lenders to waive LMI, help buy with only 5-10% deposits and count 100% of your overtime and allowances. One average, $15,000–$30,000 is saved by the healthcare professionals that use our services. Our specialist medico team of mortgage brokers are all MFAA accredited and each have over 15 years of experience in finance.

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How Much Could You Save With an LMI Waiver?

Eligible healthcare professionals can borrow up to 95% of the purchase price with no Lenders Mortgage Insurance. Enter your numbers to estimate what that waiver is worth.

Property purchase price

Loan amount

Your profession

Your loan-to-value ratio (LVR)
= loan ÷ purchase price 90%

Estimated LMI you'd avoid $0

Get My Exact Savings — Free Assessment

* Estimate only. Based on indicative LMI premium rates typically charged to standard borrowers at the same loan amount and LVR, including approximate premium stamp duty; actual premiums vary by lender, insurer, state and loan features. Eligibility for professional LMI waivers depends on your profession, registration, income and the lender's policy at the time of application. This is general information, not credit advice. Medico Home Loans can confirm your exact eligibility and savings.

What Clients Say About Us

Healthcare sector home loan offers for Medical Doctors and Specialists, Dentists, Nurses and Allied Health

Who Qualifies for a Medical Home Loan?

The loan cateres for Healthcare workers like Medical Doctors and Specialists, Dentists, Nurses and Allied Health

Doctors & GPs

The widest access to LMI waivers. Whether you’re a registrar on a training contract, a salaried hospital doctor, or running your own practice, lenders treat you as low-risk.

Dentists

Treated alongside doctors by the major medico lenders, including practice owners and associates who’ve recently gone out on their own.

Nurses & Allied Health

Registered nurses, physios, pharmacists, radiographers and many other allied health roles qualify for medico benefits with the right lender, including shift and penalty income.

Refinancing & Restructuring

Already in a loan that wasn’t set up for a medical professional? We review your structure and move you to a lender that recognises your income and profession.

Why Healthcare Professionals choose Medico Home Loans?

Healthcare sector home loan offers for Medical Doctors and Specialists, Dentists, Nurses and Allied Health

Save Thousands on LMI

Eligible professionals can borrow up to 95% LVR without paying Lenders Mortgage Insurance (LMI), saving $15,000+ on typical purchases!

Enhanced Borrowing Power

100% of your overtime and allowances counted! We recognise your essential services role means regular, ongoing additional income.

Fast-Track for Self-Employed

Self-employed doctors and specialists: skip the lengthy trading history requirements with select lenders. Get approved faster!

Expert Industry Knowledge

We specialise in healthcare professional loans. We know which lenders offer the best terms for YOUR specific profession and circumstances.

Construction & Investment Options

Building your dream home or investing? Access construction loans up to 95% LVR and investment property options tailored to professionals.

Construction & Investment Options

First home buyer? Family equity can help you enter the market faster with streamlined guarantee arrangements.

Average Savings: $15,000 - $30,000

By waiving LMI and optimizing your income assessment, our healthcare professional clients typically save between $15,000 to $30,000 compared to standard home loan applications!

Your Path to Home Ownership

Step 1

Free Assessment

We review your profession, income, and goals to identify the best lender options for you.

Step 2

Gather Documents

AHPRA registration, recent payslips, and tax documents. We guide you through exactly what's needed.

Step 3

Optimise Your Application

We structure your application to maximise borrowing power and minimise costs with the right lender.

Step 4

Approval & Settlement

We manage the entire process from application to settlement, keeping you informed every step of the way.

Standard Home Loan vs. Healthcare Professional Loan

Compare the benefits available to healthcare professionals against standard home loans.

Feature	Standard Home Loan	Healthcare Professional Loan
Maximum LVR without LMI	80%	90-95%
LMI Cost ($500k @ 90% LVR)	~$15,000+	$0
Overtime / Allowances	50-80%	100%
Self-Employed Requirements	18-24 months ABN	Waived for eligible borrowers
Salary Sacrifice Recognition	Limited	Up to 100% counted
Maximum Loan Amount	Standard limits	Up to $7.5M+ for specialists

Meet Our Team

Guiding your home loan journey with 20+ years of experience

Sana Hosseini is an Elite Mortgage Broker, serving on the board of the Mortgage Finance Association of Australia. Recognised for his two decades in Medico home loans. Based in South Yarra, his background as a Tax Accountant gives him a unique edge in expertly guiding medical professionals and self-employed clients, ensuring their financial structures are optimised for the best home loan outcome.

Bruna Andrews can assist you with residential home loans, investment loans, family guarantee home loans, mortgage refinance and commercial loans. Bruna finds it particularly exciting dealing with Medico first home buyers and helping them navigate the property market for the first time. The right mortgage structure set out to your advantage and access to a leading panel of lenders.

Ranked number 7 in the country, in the country among Aussie store mortgage brokers. As a mortgage broker and Justice of the Peace for the Northern Rivers, James Safajou provides trusted, confidential service. A Byron Bay local, he excels at analysing complex financial documents to maximise your borrowing power, making the home loan process straightforward, stress-free, and convenient for you.

Ranked number 7 in the country for Aussie mortgage brokers across all stores. As a Senior Mortgage Broker and Justice of the Peace for the Northern Rivers, James Safajou provides trusted, confidential service. A Byron Bay local, he excels at analysing complex financial documents to maximise your borrowing power, making the home loan process straightforward, stress-free, and convenient for you.

Bruna Andrews can assist you with your first home buyer residential home loans, investment loans, family guarantee home loans, mortgage refinance and commercial loans. Bruna finds it particularly exciting dealing with Medico first home buyers and helping them navigate the property market for the first time. The right mortgage structure set out to your advantage and access to a leading panel of lenders.

Sana Hosseini is an Elite Mortgage Broker, serving as a Director on the Board of the Mortgage Finance Association of Australia. Recognised for his two decades in Medico home loans. Based in South Yarra, his background as a Tax Accountant gives him a unique edge in expertly guiding medical professionals and self-employed clients, ensuring their financial structures are optimised for the best home loan outcome.

Guide to Home Loans for Australian Healthcare Professionals

Discover how healthcare professionals may borrow more, save on LMI, and buy sooner.

One of the Biggest Benefits: Avoiding Lenders Mortgage Insurance (LMI)

One of the most valuable benefits available to many healthcare professionals is an Lenders Mortgage Insurance (LMI) waiver.

Normally, if you borrow more than 80% of a property’s value, you must pay LMI, which can cost thousands of dollars. However, eligible healthcare professionals may be able to borrow a higher percentage without paying this extra cost.

Below is how some major lenders classify eligible professions for LMI waivers.

Eligible Profession Group	Lenders Offering Waivers	Maximum LVR without LMI (Owner-Occupied P&I)	Key Features & Constraints
Group 1: Medical Specialists (e.g., Doctors, Dentists, Surgeons, Specialists)	ANZ, Bankwest, CBA, HSBC, St. George, Westpac, Suncorp Bank	Up to 95% (ANZ, CBA, St. George, Westpac)	High maximum loan limits (e.g., up to $7.5M TBE at St.George/Westpac). ANZ and CBA may waive the 18-month ABN registration rule for self-employed doctors/specialists for non-LMI loans. HSBC offers up to 90% LVR without LMI, restricted to 80% if your Debt-to-Income (DTI) is over 6.0.
Group 2: Allied Health & Veterinarians (e.g., Physiotherapists, Optometrists, Vets, Pharmacists, Chiropractors, Psychologists)	ANZ, St. George, Westpac	Up to 90% (ANZ, St. George, Westpac)	These professions often qualify for high LVR lending, although usually capped at 90% LVR without LMI, sometimes requiring a minimum income threshold (e.g., $125k for certain Group B professions at St.George/Westpac)

A Note on Nurses and Allied Health: While professionals like Nurses, Midwives, Occupational Therapists, Podiatrists, and Radiographers are unfortunately listed as ineligible for the top-tier LMI waivers by ANZ, CBA, and Bankwest, they often fall under other valuable “Essential Services” policies detailed on here!

Important Lending Criteria Highlights for LMI Waivers

Registration is Key: Eligibility often requires active registration with the Australian Health Practitioner Regulation Agency (AHPRA) or the relevant veterinary board.
Repayment Type: Most LMI waivers generally require the loan to be Principal and Interest (P&I) repayments.
Loan Purpose/Security: Some waivers (e.g., CBA’s Professionals Offer) specifically exclude land and/or construction loans. Construction loans and vacant land are also excluded from HSBC’s Medico policy. However, Bankwest’s LMI waiver can be used for refinance, purchase, construction, or renovation of investment or owner-occupied property.

Increase Your Borrowing Power Through Income Assessment

Beyond LMI waivers, your role in essential services often leads to more flexible income assessment policies, helping you qualify for a larger loan than a general consumer might.

Overtime, Allowances, and Essential Services

If you are a nurse, paramedic, firefighter, police officer, or doctor, your income capacity is often boosted due to “Essential Services” policies.

100% Overtime & Allowances: Lenders like Bankwest, Suncorp Bank, and Great Southern Bank recognise that overtime is often regular and ongoing in the Health Care and Emergency Services industries. These lenders will use 100% of your verifiable overtime and allowances in their serviceability assessment, compared to the general rule where usage might be shaded or capped.
Casual Income Stability: If you are a casual employee in the Health Care or Emergency Services industry, Bankwest is more flexible, needing only a minimum of three months’ employment history for your application

Self-Employed Advantages

If you are a self-employed professional, particularly a doctor, specialist, or dentist (verified via AHPRA), some lenders exempt you from the standard lengthy trading history requirements (often 18 months or 2 years ABN registration) for non-LMI loans. This exemption applies at ANZ, meaning you may proceed with standard income verification despite a shorter self-employment period.

Salary Sacrifice

If your employment is in public health, social work, or charity work, and you benefit from salary sacrifice arrangements, Macquarie allows up to 100% of the salary sacrifice ‘tax free’ arrangement to be used for servicing, provided confirmation is supplied that the amount is convertible to gross taxable income and is provided regularly.

Beyond the Standard Home Loan

While the above points offer financial advantages, remember that most standard home loan features are available to you, including options for:

Construction Loans: Available for building or renovating, although often excluded from LMI waivers. WLTH offers up to 95% LVR for owner-occupied construction loans (P&I).
Family Guarantee/Pledge: Allows family members to offer equity in their property as security to help you avoid LMI and borrow the full purchase price. BOQ’s Family Guarantee is specifically introduced to help First Home Buyers enter into a guarantee arrangement with less lengthy documentation.
Debt Consolidation & Cash Out: Generally acceptable across multiple lenders. Note that Bankwest’s Medical Professional LMI waiver excludes using the loan for family support guarantees.

The Next Steps

You are in a prime position to secure excellent financing thanks to your valuable profession! To ensure a smooth process:

Gather Professional Evidence: Have your AHPRA registration details, or relevant professional board membership readily available to verify your eligibility for professional packages.
Verify Income Documentation: Collect recent payslips and tax documents. If relying on overtime or allowances, ensure documentation evidences regularity over the required minimum period (often 3 to 6 months).
Seek Tailored Advice: Lenders’ specific eligibility criteria and maximum LVRs vary significantly, especially for nurses and allied health professionals. Discussing your unique income structure (like tax-free salary sacrifice or essential overtime) with a BDM or expert broker is highly recommended to maximise your benefits.

Ready to Save $15,000–$30,000 on Your Home Loan?

Book a free 15-minute assessment and we’ll tell you exactly what an LMI waiver, full overtime recognition and the right lender could mean for you – no obligation, no jargon.