Home Loans for Doctors and other medical practitioners are now available to 90% LVR WITHOUT the requirement to pay lenders mortgage insurance. Lenders mortgage insurance can cost many many thousands of dollars depending on the purchase price so this a great news for those that are in one of the professions highlighted below.
How Much Deposit Do I Need to Qualify for the No LMI Policy?
Eligible doctors of medicine will require a 10% deposit plus costs like stamp duty and legals. The first home owners grant can be used as part of this deposit.
What Professions are Eligible for the LMI Waiver?
Why are Doctors Eligible for a Home Loan to 90% LVR without Lenders Mortgage Insurance?
Doctors and medical practitioners are seen to be very low risk by the banks. As such, the risk of default on the mortgage is considered low so the requirement to pay the lenders mortgage insurance premium is waived.
More information on Doctor Home Loans with No LMI here.
TeganWe are so grateful for everything Justin Thom did to help us with our home loan. From the very beginning, Justin was friendly, approachable, and genuinely cared about making the process as easy as possible for us.
He explained everything in simple terms, answered all our questions with patience, and always made us feel comfortable and supported. It can feel overwhelming, but Justin went above and beyond to guide us every step of the way.
Thanks to his hard work and dedication, we were able to secure the right loan for our family and move forward with confidence. We honestly couldn’t have done it without him and wouldn’t hesitate to recommend Justin to our friends and family.
Tristan BothaHelpful, responsive and great communication! Justin ensured we were in-the-loop and knew exactly where things were up to throughout the whole process!
Highly recommend MAP Home Loans and will be sure to use them again, when required!
LydiaJustin was recommended to us by family when we began our journey into purchasing our first home and applying for a mortgage in 2022. As first-time buyers, I felt a little overwhelmed, but Justin was always readily available to answer questions. I especially appreciated a call — outside normal working hours — to let us know the RBA was about to hike rates, giving us the chance to lock in our offer beforehand. Justin listened to our goals and found options that suited us. A couple of years later, we returned to him for refinancing to consolidate debt, and again we were grateful for his guidance. The process was seamless, and we secured an amazing rate.

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