Medical home loans for doctors and healthcare professionals
A home loan application should reflect how you actually earn your income, not just your job title.
At Clear Path Home Loans, we help you understand medical home loans and the options for buying, investing or refinancing. We work with hospital employees, doctors moving into private practice, nurses working across different shifts and households combining medical and non-medical incomes.
Based in Robina, we work with borrowers across the Gold Coast, Brisbane and Sunshine Coast. Choose a 15-minute discovery call to discuss your plans, or send your details online for Shane to review without an initial call.
What can be different about a medical home loan?
Some lenders offer professional lending policies that may include a lenders mortgage insurance waiver for eligible applicants. The professions covered and the conditions attached are not the same at every lender.
Lenders mortgage insurance, or LMI, protects the lender if a borrower cannot repay the loan. An LMI waiver can remove that insurance cost. You still need to meet the lender's requirements for the deposit or other security and your ability to repay, and allow for other buying costs.
We check the policy against your circumstances and compare suitable options from our lender panel. Rates, fees, loan features and the way your income is assessed all matter.
A closer look at your income
How you earn your income
Your income may include a base salary, overtime, allowances, casual shifts or earnings from more than one role. If you are self-employed, the business structure and financial records also matter.
Income evidence
We review the documents that show how your income is earned and discuss the evidence a lender may need. That could include payslips, employment contracts, tax records or business financial information. The exact requirements depend on your situation and the lender.
Recently self-employed or working under a new ABN?
Moving into private practice can leave you with a strong work history but a shorter business record.
We can review your previous employment, current work arrangements and available income evidence to see whether a suitable lender may consider your application. We will explain what can be assessed now and what further records may be needed.
A short ABN history does not guarantee an exception. An accountant's letter or income projection is not automatically a substitute for the lender's required evidence.
Work with Shane
I'm Shane Stewart, owner and Senior Mortgage Broker at Clear Path Home Loans.
My wife is a paediatric specialist, so the demands of medical work are familiar in our own household. That personal connection sits alongside my focus on lending for medical professionals.
My role is to understand what you are trying to achieve, explain the options clearly and keep you informed as your application progresses. If there is a policy issue or a gap in the evidence, we will explain what it means for your options and the next step.
Options for your profession
Doctors and dentists: We assess the professional policies available for your role and the way you earn your income, including hospital employment and private practice.
Veterinarians: We check the relevant profession, registration and income requirements rather than assuming the same terms offered to doctors apply.
Nurses and midwives: We consider the policies available for your occupation and circumstances. A benefit advertised to doctors is not automatically available to every healthcare worker.
Allied health: Tell us your specific role. Eligibility can differ between occupations and lenders, so a broad healthcare label is not enough to establish which benefits apply.
Read more about healthcare professional home loan eligibility.
Doctors, Intern Doctors & General Practitioners
Anaesthesiologists, anaesthetists
Cardiologists
Chiropractors
Cosmetic surgeons
Psychiatrists & Psychologists
Radiologists
Dentists
Dental surgeons
Dermatologists
Gynaecologists
Paediatricians
Optometrists
Oncologists
Epidemiologists
Immunologists
Neurologists
Pathologists
Pharmacists
Surgeons
How we work together
Start with your plans
Tell us about the property or refinance you have in mind, your timing and how your household earns its income. You can start with a discovery call or the online fact find. We will follow up if we need more information.
Review the options
We assess your circumstances, explain the documents needed and compare suitable loans from our panel, including their costs and relevant features.
If you have already obtained advice from your accountant, financial adviser or solicitor, we can work with them, with your permission, to coordinate the lending side of your plans.
Move forward when you are comfortable
If you decide to proceed, we prepare the application and keep you updated through the lender's assessment. Approval remains the lender's decision.
CUSTOMER STORY
First- time home buyer loan with 6 months ABN history.
- Kelly Van Den Haspel
- Newly qualified Obstetrician and Gynaecologist
- QLD
With just six months of ABN history, Kelly faced limited home loan options as a new sole trader. We identified a mainstream lender willing to assess her application using an accountant's letter with income projections and supporting business records. We helped her secure the finance she needed at a competitive rate, supporting her plans for future investments.
High LVR in a changing market needing a lower rate.
After years with the same bank, Mahmoud found it could not offer him a more competitive mortgage rate as market conditions changed. Referred by a client we had helped through a difficult lending situation, he came to us for help. We identified a lender suited to his circumstances and provided professional, approachable support, helping him complete the process within a couple of weeks.
Mahmoud Youssef
General Practitioner
VIC
Common questions
Do I need to book a call to get started?
No. You can send your information through our online fact find for Shane to review. We may need further information or a conversation before recommending next steps. Completing the form is not loan approval.
Can I apply with a partner who does not work in healthcare?
Yes, we can assess a joint application. Once we have assessed both applicants' circumstances, we'll explain which lenders' policies fit your situation and any professional lending benefits you may be eligible for.
Does an LMI waiver mean I can borrow more?
Not automatically. The deposit a lender requires and the repayments it assesses you as able to afford are separate parts of the application.
Can you help if I do not qualify for a professional benefit?
Yes. We can still assess suitable standard home-loan options from our panel. Your application does not need to qualify for a medical policy for us to review it.
