Medical Professional & Doctor Home Loans
Get special treatment with medico loans & Doctor home loans, provided by specialist lenders across Australia. In fact, it’s not just home loans, it’s also other financing where you’ll be given preferential rates. As a Medical professional, many banks and lenders see you as a safe borrower. They’ll provide you with special benefits and more favourable lending policies. whether it’s your first home or an investment property.
Doctors, Dentists, Surgeons, Specialists, General Practitioners, Physiotherapists, Chiropractors, Veterinarian, Optometrist, Obstetricians, Podiatrists, Allied Health Professionals, Complementary Medicine Practitioners and other self-employed health professionals may be able to access features when applying for a home loan, including:
What The Medical Profession & Doctors Get
- Low deposit loan amounts
- No deposit loans
- Lenders Waive LMI – You don’t need to pay Lenders Mortgage Insurance
- Only 6-months of self-employed income verification required
- Lower Interest rates
- Borrow up to 100 %
- Dedicated Relationship Managers to assist with your day-to-day banking needs
Our experienced, Sunshine Coast-based brokers are here to help you to understand any benefits that may be available via Medico financing and Doctor home loans. You’ll get better conditions for many kinds of finance.
What Exactly are Medico Loans?
Medico Loans, a specialised offering in Australia, cater to the distinct financial needs of medical professionals, setting them apart from traditional or “normal” home loans. Medico Home Loans are designed to acknowledge the unique circumstances and earning potential of doctors, dentists, specialists, and other medical practitioners. Here’s how Medical Home Loans differ from regular home loans:
From Our Clients
I’ve recommended these guys before but I need to do it again and again as they have played a key role in helping me achieve my goals from buying my first property, my vehicle and now refinance + second property. I really don’t think any of those things would have happened without their strategic planning, diligence and excellent communication. If you’re looking to buy a new property or refinance your current home I cannot recommend Luke Meisenhelter and his team enough. Thanks guys.
Brett Nicholas made it such a seamless and stress free process!
Diligent and acts fast with every requirement. Explains the steps.
Medical Professional Reviews
Medical Loans FAQ's
A Doctor home loan, also known as a physician mortgage or medic finance, in essence is giving medical professionals better rates than the general-public. It’s a home loan product for medical professionals, including doctors, dentists, and veterinarians. These loans cater to the unique financial circumstances and needs of healthcare professionals who are subject to casual contracts, relief work, and uncertainty of income.
Typically licensed Australian medical professionals. For example, doctors (GPs and specialists), dentists, veterinarians, surgeons, and some other healthcare professionals are eligible for doctor home loans.
The borrowing capacity for a doctor loan depends on your income, employment status, contract type, credit history, property value, purchase price, and the lender’s criteria. Generally, medical and doctor loans allow for higher values and reduced interest rates in comparison to standard home loans, with more favorable terms.
Having existing student loans or debts does not necessarily disqualify you from obtaining a doctor loan. Lenders understand that medical professionals may have substantial education-related debts and consider these factors when assessing your loan application. However, your overall financial situation will be taken into account during the evaluation process.