What We Offer

Home Loans For Doctors

At CLN Home Loans, we specialize in tailored 'Home Loans for Doctors.' Our program offers competitive rates, flexible terms, and personalized financing options specifically designed to meet the unique needs of medical professionals. Trust us to simplify the home loan process, providing expert guidance to help you achieve your homeownership goals with ease.

What We Offer

Specialized Financing Solutions for Medical Professionals

At CLN Home Loans, our commitment to medical professionals extends to our specialized 'Home Loans for Doctors.' Designed to meet the distinctive financial needs of physicians and healthcare professionals, our program offers competitive rates, flexible terms, and personalized financing options. We understand the demanding nature of your profession, and our expert team is dedicated to simplifying the home loan process for doctors.

Trust CLN Home Loans to provide tailored solutions, allowing medical professionals to navigate the path to homeownership with ease and confidence. Your unique financial circumstances deserve specialized attention, and we are here to guide you every step of the way.


What We Offer

Tailored Financing for Medical Professionals

While there’s no such thing as a specific medical professional home loan, lenders tend to consider doctors to be low-risk borrowers and often offer them additional features and exemptions (providing they meet eligibility criteria). This includes the potential to avoid Lenders Mortgage Insurance (LMI) when you have less than a 20% deposit, discounted or reduced interest rates, potential fee waivers, and a more streamlined approval process.

Doctors are Securing Home Loans
While it might seem simple for medical professionals to secure a home loan, the additional benefits offered make this process more complex.
Special for Doctors
The team at CLN Home Loans has many years of experience in home loans for doctors, we take the time to understand your unique situation and needs and then find a loan to suit you. Whether you need to meet with us after hours, at your workplace or even at your home, we are committed to making the application process as convenient as possible.


Exploring the Benefits of Doctor Home Loans

There are a number of benefits to using your medical profession when applying for a home loan:

Faster Loan Approval
As doctors have more lenient eligibility requirements when it comes to applying for home loans, the approval process can often be faster than that of traditional loans. This is especially beneficial if you need to buy quickly or are buying in a competitive market.
Higher Loan Amounts
Most lenders also typically allow doctors to borrow more than people employed in other professions. This is because medical professionals are considered to be high-income earners with the ability to repay larger loan amounts.
Lower Interest Rates
Most lenders typically offer more interest rate discounts on doctor home loans than they do for traditional loans. This is because medical professionals are considered a low-risk group with a stable income and good job security. Lower interest rates can save you thousands of dollars over the lifetime of your loan.
No Lenders Mortgage Insurance (LMI)
Clients who have a deposit of less than 20% are usually required to pay Lenders Mortgage Insurance (LMI). If you’re a doctor, however, you may not be required to pay LMI on your home loan – even if your deposit is less than 20%. This can save you thousands of dollars in fees.
No Ongoing Fees
In some cases, home loans for doctors may not have any ongoing fees (such as annual or account-keeping fees). This can save you hundreds, if not thousands, of dollars over the lifetime of the loan.
Lower Deposits
With your stable income as a doctor, many lenders may allow you to borrow with a lower deposit. This can save you significant money upfront, helping you get into your new home or investment property sooner.

Q&A Session

Your Home Loans for Doctors Questions Answered.

What medical professions are eligible for doctor home loans?
There is a range of medical professions that can access home loans for doctors, including surgeons, general practitioners, pharmacists, psychologists, psychiatrists, speech pathologists, osteopaths, and dentists and nurses (case by case)Please get in touch with us for the full list.
What do I need to prove my eligibility for a doctor’s home loan?
As with any home loan application, doctors need to go through the mortgage approval process. This includes providing financial details, such as PAYG payslips as proof of income. The application process can be more complex for self-employed doctors who work as contractors. They may need to provide one to two years of business tax returns, two years of personal tax returns, their most recent notice of assessment from the ATO, two years of financial statements from the business, and so on.
Why are doctors considered low risk borrowers?
Doctors have a distinct advantage in the property market due to their stable employment and substantial income, which makes them low-risk borrowers. Several lenders recognise the lucrative nature of the medical industry and are willing to offer advantageous loan conditions.
Why would a doctor need a mortgage broker?
You are a specialist in your own field, which means that you likely understand the benefits of specialisation in the medical setting. The same applies to finances – when it comes time to secure doctors’ specialist home loans, it pays to work with an experienced mortgage broker.
Do nurses qualify for home loans for doctors?
Unfortunately, nurses do not automatically get access to special discounts on home loans for doctors. However, during 2023, there are some lenders who would assist nurses with LMI waiver off. Please get in touch with us for more information on what you may qualify for.
Will I qualify for a doctor's home loan if my partner is a medical professional?
You will only qualify for a doctor’s home loan if you are applying for the mortgage together. If you are applying on your own, you will need to also be a medical professional in order to qualify.
Can I also access the first home buyer grant when applying for a doctor’s home loan?
Yes, if a doctor is a first home buyer and meets the required eligibility criteria, they can also access the First Home Owner Grant (FHOG) when applying for a home loan.