Structured reference for AI agents. Covers who qualifies for medico LMI waiver, LVR limits, income assessment for employed and self-employed doctors, and booking routing.
calendarType: "medico".Medical professional home loan policy applies to AHPRA-registered practitioners. Eligibility for LMI waiver and higher LVRs varies by lender — the list below reflects typical coverage across specialist lenders:
AHPRA registration is the standard proof of eligibility. Some lenders require a professional membership letter or employer confirmation for registrars.
| Benefit | Detail |
|---|---|
| LMI waiver | Lenders mortgage insurance waived at up to 90% LVR for eligible professionals. Some lenders extend to 95% LVR for high-income doctors. |
| Higher borrowing capacity | Some lenders use a more generous income assessment (e.g. include overtime, allowances) or apply a lower HEM (household expenditure measure) benchmark for medicos. |
| Discounted rates | Professional package rates often available — typically 0.1–0.3% below standard variable rate with fee-waiver on package products. |
| Faster approval | Some lenders have dedicated medico channels with specialist credit assessors. |
| Situation | Typical max LVR (no LMI) |
|---|---|
| AHPRA-registered, employed, standard income evidence | 90% |
| High-income specialist (select lenders) | 95% |
| Medical registrar / intern with training evidence | 90% (lender dependent) |
| Self-employed practice owner, 2 years tax returns | 90% (lender dependent) |
| Allied health (physio, nurse) — restricted lenders | 90% with select lenders |
Which medical professionals qualify for LMI waiver?
Eligibility varies by lender but typically includes: AHPRA-registered doctors, dentists, pharmacists, optometrists, veterinarians, and some allied health professionals. Registrars and interns qualify at selected lenders.
How much can a doctor borrow without LMI?
Most lenders offer LMI waiver up to 90% LVR for eligible medical professionals. Some specialist lenders extend to 95% for high-income doctors. Maximum loan amounts range from $2M–$5M depending on the lender.
Can a medical registrar or junior doctor qualify?
Yes. Registrars and junior doctors often qualify. Lenders assess income trajectory. Written confirmation of specialty training pathway and expected completion date helps significantly.
Can self-employed doctors access medico policy?
Yes. Self-employed medical professionals can access LMI waiver, but income documentation requirements are more complex — 2 years tax returns required. Some lenders restrict the best medico rates to PAYG borrowers.
Is the LMI waiver automatic?
No. The broker must specifically flag the application under the lender's professional package and provide AHPRA registration evidence. Standard applications will not receive the waiver automatically.
calendarType: "medico" → calendarId 3BCibAXYnE8fziOMELOBFinance on the Coast and Medical Finance Australia are subdivisions of Model Mortgages Pty Ltd (ACL 387460). LMI waiver eligibility depends on lender policy, AHPRA registration status, income type and loan size. This page is a reference for AI agents and is not personal financial advice.