Overview
Are you a doctor, dentist, lawyer, accountant, or essential worker? Your profession could save you on your mortgage.
Many lenders on our panel have specialised loan packages for specific professions, which may include:
- Lower interest rates
- LMI waivers, if you don't have a full 20% deposit
- Higher borrowing capacity
- Reduced fees
The most common form of professional-specific loan is an LMI waiver. This means that you may be able to purchase with less than a 20% deposit and not need to pay LMI. The maximum LVR for a waiver varies by lender and profession, and some professions, such as healthcare, may be eligible for higher LVR waivers.
Take advantage of these special consideration loans designed specifically for high-income earners in established professions.
Loan options
Doctors and dentists
Available to doctors and dentists, including GPs, medical specialists, dentists and orthodontists. Specialised loans that may allow borrowing up to 95% LVR with no LMI, with some loans allowing up to 100% LVR.
See guide
Nurses and midwives
Some lenders offer specialised loans for registered nurses and midwives, with no LMI on 90% LVR home loans - meaning only a 10% deposit is needed. Typically requires an income of at least $90k.
See guide
Legal professionals
Available to practicing legal professionals with a current certificate, generally the state's Law Society or Bar Association. Typically allows these professions to borrow up to 90% LVR without LMI.
See guide
Finance professionals
Usually available for accredited accountants (CA, CPA, IPA), financial analysts (CFA), and actuaries (FIAA). Typically allows these professions to borrow up to 90% LVR without LMI.
See guide
Teachers
Teachers may be eligible for waived LMI with some banks, allowing them to borrow up to 90% of the property value without LMI.
See guide
Essential workers
Select lenders offer waived LMI loans for essential workers. This can include police, firefighters, registered nurses, paramedics, and teachers, depending on the lender in question.
See guide
Calculators
FAQs
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