Tailored Home Loans for Doctors
At NSF, our team of home loan specialists is dedicated to helping doctors and medical professionals purchase properties by providing tailored home loans specifically for their needs. Our mortgages for doctors offer unique benefits and special deals that may not be accessible to other borrowers.
You might wonder, what distinct advantages do our doctor-specific mortgages provide? Our specialized loans come with exclusive benefits, such as lower rates, reduced fees, and flexible terms, all designed to accommodate the unique financial situations of medical professionals like you.
Our experienced mortgage brokers have a deep understanding of the specific needs of medical professionals. We offer personalized service to ensure you receive the best possible home loan tailored for doctors. We handle all the complexities, allowing you to concentrate on your important work while we manage your mortgage requirements.
We invite you to explore how our doctor home loans can assist you in achieving your homeownership goals. Sign up for a free consultation today with our knowledgeable mortgage brokers, and take the first step toward securing your dream home with confidence and ease.
No LMI - Loan Mortage Insurance
MAXIMISE BORROWING CAPACITY
SPECIAL DISCOUNTS ON INTEREST RATES
SPECIAL LOAN PACKAGES
You dedicate your life to supporting others, which comes with significant responsibility. That's why special support is available to you when purchasing a home. Many financial institutions view doctors and medical professionals as low-risk borrowers and are willing to offer competitive home loan deals.
Understanding that doctors are often short on time and may find it daunting to visit multiple banks or lenders to find the right home loan, we are here to help. At NSF, we provide industry-leading brokerage services specifically for doctors and medical professionals, with specialized knowledge in this area. Our team of mortgage brokers for doctors is ready to assist you.
With access to over 30 lenders, we take the time to identify lending options that fit your unique needs and lifestyle. This way, you can be confident that your mortgage is competitive, affordable, and tailored to you. Our Mortgages for Doctors program is designed to ensure you receive the best deals available.
Helping Doctors Secure Home Loans
How much could a doctor save on LMI premiums?
For instance, if you take out a loan of $900,000 to purchase a property valued at $1 million, the current Lenders Mortgage Insurance (LMI) cost is approximately $25,072 with one of the major banks. However, doctors can benefit from exemptions on LMI, which can result in significant savings.
Add a Title
LMI premium saved
$10,140Deposit amount
$60,000 + Gov costsLMI premium saved
$21,265Deposit amount
$100,000 + Gov costsLMI
premium saved
$41,510Deposit amount
$150,000 + Gov costsDeposit amount
$200,000 + Gov costsLMI premium saved
$58,132
Are you a doctor or medical professional seeking a home loan? NSF can help you access exclusive deals, low interest rates, and the ability to borrow up to 95% of the property value without Lenders Mortgage Insurance (LMI). Our industry-qualified (FBAA) and highly experienced brokers specialize in assisting doctors and medical professionals in Melbourne in finding and securing the right mortgage for their needs. Save time, money, and stress by contacting the NSF team today to learn more about our home loans and mortgages tailored for doctors.
NEXT STEP FINANCING
Doctor Home Loan FAQs
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GP
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Surgeons
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Specialists
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Dentist
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Pharmacist
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Osteopath
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Dentist
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Psychologist
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Psychiatrist
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Nurse
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Midwife
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Obtaining a home loan tailored to the advantages of your profession begins with asking the right questions. That's where Loanscope steps in. We simplify the process by guiding you from start to finish in securing a home loan specifically designed for doctors.
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Australian Association of Practice Managers
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Australian College of Rural and Remote Medicine (ACRRM)
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Australian Dental Association (ADA)
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Australian Dental Council (ADC)
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Australian Medical Association (AMA)
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Australian Medical Council (AMC)
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Australian Veterinary Business Association
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Australian Veterinary Association
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Australasian College for Emergency Medicine (ACEM)
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Australasian College of Cosmetic Surgery (ACCS)
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Australasian College of Dermatologists (ACD)
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College of Intensive Care Medicine of Australia and New Zealand (CICM)
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Medical Practitioners Board of Australia
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Royal Australasian College of Dental Surgeons (RACDS)
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Royal Australasian College of Medical Administrators (RACMA)
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Royal Australian and New Zealand College of Obstetricians and Gynaecologists (RANZCOG)
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Royal Australian and New Zealand College of Ophthalmologists (RANZCO)
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Royal Australasian College of Dental Surgeons (RACDS)
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Royal Australasian College of Medical Administrators (RACMA)
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Royal Australian and New Zealand College of Obstetricians and Gynaecologists (RANZCOG)
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Royal Australian and New Zealand College of Ophthalmologists (RANZCO)
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Royal Australasian College of Surgeons (RACS)
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Royal Australasian College of Physicians (RACP)
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Royal College of Pathologists of Australasia (RCPA)
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Royal Australian and New Zealand College of Psychiatrists (RANZCP)
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Optometrists Association Australia
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The Australia and New Zealand College of Anaesthetists (ANZCA)
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The Royal Australian College of General Practitioners (RACGP)
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The Royal Australian and New Zealand College of Radiologists (RANZCR)
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Urological Society of Australia and New Zealand (USANZ)
Other associations may be accepted on a case-by-case basis
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Lenders require most borrowers to pay lenders mortgage insurance (LMI) – a one-off fee that secures the lender in the event of default – if they borrow more than 80% of the property value.
However, some lenders will waive the LMI for doctors and medical professionals, for loans up to 95% of the property value (95% LVR) – for commercial properties, fittings and goodwill you can even borrow up to 100%.
The banks and other lenders waive LMI for medical professionals because they are considered low-risk borrowers, with high income and stable employment rate. This makes securing a mortgage for doctors more advantageous.
When it comes to the medical industry, there are some professions that are still required to pay LMI, such as naturopaths and medical research scientists. That is because some medical professions are considered more high risk than others. But you may still receive other advantages – if you are keen to find out, chat with a Loanscope mortgage broker, and we can guide you through your options.
Each lender will have particular criteria you will need to meet. Loanscope will help you select the lender that best suits your situation and will offer you a low interest rate.
Just as importantly, Loanscope will advise you on the way to structure your loan in light of your future property investment plans. Structuring your loan correctly has tax implications that may save you plenty in the short/medium term.
Only mortgage brokers with specialised knowledge and experience can assist you in this area. You are unlikely to get this specialist knowledge or flexible service going directly to a bank.
Whether you’re a doctor looking for your first home loan, or an established medical professional wanting to invest in commercial property in an optimal way, finding the right investment loan can make a big difference to both your current expenses and your future wealth.Even if you have an unusual income, as a doctor, you may still benefit from a medical mortgage. As a specialist in mortgages for doctors, we can help.
When securing the best health professional home loans, there is no one-size-fits-all or best bank. A specialist mortgage broker can help you find the right lender (it varies from lender to lender) and medical professional mortgage.
How Do Home Loans for Doctors Work?
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Contact us for a free assessment of your situation. We'll help you determine how much you can borrow, your monthly repayments, and the best lenders for you. Our Mortgage Brokers Doctors team is ready to assist.
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We will organise your pre-approval when you are ready to buy. You will know your borrowing limits and can concentrate on finding a great place to live in. See how much you can borrow with our affordability calculator.
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Apply for a home loan. At this step you’ll seal the deal and get the doctors’ deals and special rates and discounts
Step
Congratulations on becoming a homeowner! Welcome to the journey of creating lasting memories and building your dream life through Next Step Financing.
Obtaining a home loan tailored to the advantages of your profession begins with asking the right questions. That's where Loanscope steps in. We simplify the process by guiding you from start to finish in securing a home loan specifically designed for doctors.