Doctor Home Loans

Mortgage broker for doctors and medical professionals: Expert advice for doctors and medical professionals

Whilst the interest rate is important, there’s certainly more to a home loan than just the interest rate. Entourage mortgage brokers take the time to understand your unique position and provide recommendations based on what is going to best benefit your situation.

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Access unique home loans specialised for doctors: Specialist home loans just for doctors and medical professionals

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Loans without LMI

You may be able to borrow up to 95% of the purchase price without paying lenders mortgage insurance (STLA) and up 100% for the fit out of a clinic or place of business.

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Special discounts on interest rates

Many lenders offer special discounts and everyday low interest rates on home loans for doctors and medical professionals.

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Customised medical loan packages

From residents and interns to surgeons and specialists, many lenders have created special loan packages just for medical professionals to meet their unique needs.

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Options for companies and individuals

Whether purchasing in your own name or via a company, Entourage can assist you in organising your finance for residential or commercial property.

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Loans for a range of medical professions: Which professions can access medico packages?

There are a range of different professions who can access doctor and medical profession home loans. Commonly included professions are:

  • Surgeon
  • GP
  • Pharmacist
  • Psychologist and Psychiatrist
  • Speech Pathologist
  • Osteopath
  • Dentists

Check out the full list here.

Apply for Pre-Approval

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Client success stories: Two young doctors got on the property ladder

Read how we were able to help siblings and surgeons Krystal and Damien buy their first investment property.

Read their story

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Don’t spend your valuable spare time looking at banks: Doctors save time and money using a broker

Just as medical professionals select specialisations, so too do finance experts. Ensuring you have a broker who is experienced in lending within the medical profession is important. Entourage brokers are highly trained specialists, providing dedicated, expert advice from start to finish.

The Entourage team help you navigate the complex process of obtaining pre-approval, particularly if you own or have a share in your own medical practice.

Whether you run your own practice or are employed in public or private practice, we understand the many and varied specialisations, each with its own set of nuances when it comes to hours of work, payment structures and business opportunities. We have a comprehensive understanding of this type of income and this allows us to offer options that are not always available through the mainstream financial institutions. With no LMI, our medico clients can be making huge savings.

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More generous loan terms: Borrow 95% with no lenders mortgage insurance (LMI)

You may be able to borrow anywhere from 80%-95% LVR without paying any LMI on the loan for residential or commercial property. When it comes time to fit out your clinic or office space, you may even be able to secure up 100% to cover these expenses.

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Frequently Asked Questions

We get asked all sorts of questions, here are some links to articles answering some that pop up often

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Why would a doctor need a mortgage broker?

As a specialist in your own field, you intimately understand the benefits of specialisation in a medical setting. The same applies to your finances. When it comes time to arrange finance, structuring debt and selecting the right product, it pays to work with an experienced, professional mortgage broker.

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What professions are able to access these loans?

There are certain professions within the medical industry who qualify for a doctor or medico home loan package. These special home loan products offer lower rates, can be taken out with a lower deposit and without having to pay LMI.

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What is DTI ratio?

Simply put, the DTI refers to how much total debt you have divided by the gross income you earn per year.

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What is an ethical bank?

Ethical banking can be considered through the lens of what areas, causes and businesses banks invest in, who they lend money to and what causes they support.

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