The first-home lending advantages most professionals will never qualify for — but you do. We work with the specialist medico lender panels that general brokers can't access.
Subject to lender criteria and credit assessment. Individual eligibility varies.
Australian lenders treat junior doctors differently. Not because they're being generous — because the data tells them junior doctors have a predictable upward income trajectory and one of the lowest default rates of any borrower category over 30 years.
Illustrative example. Actual figures vary by lender, state stamp duty rates, property value, and individual borrower circumstances. Subject to lender criteria and credit assessment.
Initial conversation. Document collection (payslips, contract, AHPRA registration, identity).
You know your borrowing capacity and the lender to use. Start property hunting with confidence.
Inspections, comparable research, contract review (engage a solicitor early).
Cooling-off period applies in most states (typically 5–10 business days).
Lender orders independent property valuation. Final approval issued.
Final loan execution. Property transfer. You collect the keys.
Subject to lender criteria, yes — eligible junior doctors regularly secure 100% LVR loans with LMI waivers. Some lenders offer 105% LVR including stamp duty. Genuine savings of $10,000–$20,000 are typically still required as evidence of saving behaviour.
Most medico-specialist lenders accept the public hospital training trajectory even though contracts are technically year-to-year. They lend against the predictable income trajectory, not just the current contract term.
Yes — if held in your account for 3+ months it typically counts as genuine savings. A direct gift at settlement may not qualify as genuine savings but can still be applied as supplementary funds.
Locum and non-training positions can qualify, but lender selection becomes more important. Specialist medico brokers know which lenders are flexible on employment type and which require continuous training program enrolment.
General brokers are typically not accredited with the specialist medico lender panels that offer 100% LVR and LMI waivers. They'll quote standard policies and you'll pay LMI you didn't need to. Always ask any prospective broker which medico lenders they're accredited with.
Mortgage brokers are typically paid by the lender on settlement, not by you. Initial consultations and pre-approval are free. The lender pays an upfront commission and a smaller ongoing commission. We disclose all commissions before engagement.
A direct conversation about which medico lender panels you qualify for, what borrowing capacity they're likely to extend, and what your real after-tax weekly position would look like.
General Advice Warning. The information on this page is general information only and does not take into account your personal objectives, financial situation, or needs. Lending outcomes, LVR eligibility, LMI waivers, and borrowing capacity are subject to lender criteria, credit assessment, and individual eligibility. Lender policies change. Examples and figures are illustrative only. Property values may rise or fall. Past performance is not a reliable indicator of future performance. Before making any financial or property decision, seek personal advice from a qualified adviser.