Home Loans for Doctors

Securing a home loan as a doctor is simple when you work with Zenith. Here’s a clear, step-by-step guide to the process:

Step 1: Consultation

The first step in the process is to schedule a consultation with us. We’ll assess your financial situation, discuss your goals, and help you understand the benefits available to you as a medical professional. This consultation allows us to determine your eligibility for LMI waivers and exclusive discounted rates.

At this stage, we also make sure that your income and financial profile are maximised to give you the best chance of securing a loan.

Step 2: Submit Documents

Once we’ve assessed your eligibility, we’ll guide you through the document submission process. Common documents include:

• Payslips or tax returns (for self-employed doctors)
• Employment contracts
• Identification documents
• Asset and liability statements

If you are refinancing an existing loan, we will also need to collect details of your current loan balance, interest rates, and repayment history.

Step 3: Loan Application Review

After reviewing your documents, we will present suitable lending options for you to consider. The chosen lender will then assess your loan application. This includes evaluating your income, employment stability, credit history, and the amount you wish to borrow. Doctors generally have an advantage here, as lenders consider them low-risk borrowers.

Zenith specialises in presenting your income in the best possible light, even in complex cases. We understand how to maximise your financial position and present your case to lenders in a way that boosts your borrowing power and helps you secure the best deal.

Step 4: Pre-Approval

Once the lender reviews your application, you will receive pre-approval. This gives you an indication of how much you can borrow and helps you set your property budget. Pre-approval is also beneficial when negotiating with sellers, as it demonstrates that you are a serious buyer with the financial backing to make a purchase.

Step 5: Final Loan Approval & Settlement

Once you’ve chosen your property, the lender will grant final approval for your home loan. This is when the funds are disbursed, and the settlement process begins. Whether you’re buying a home for the first time or refinancing, Zenith is here to guide you through every step of the way.

Refinancing with Zenith

If you’re already a homeowner and want to refinance your mortgage, Zenith can help you access the best deals available for doctors. Refinancing can be an excellent way to lower your interest rates, consolidate debts, or access equity in your property. We work with multiple lenders to find the most suitable refinance options for you.

Need step-by-step guidance? Contact Zenith, and we’ll manage the process for you.

Zenith is a specialist mortgage broker that understands the unique financial circumstances of doctors. Here’s why you should work with us:

1. Access to Exclusive Doctor Deals

We partner with lenders who offer exclusive home loan deals to medical professionals. This includes LMI waivers, discounted interest rates, and flexible loan options, all tailored to your financial situation.

2. Wide Range of Lenders

We work with a broad range of lenders, allowing us to compare multiple home loan offers and find the best deal for you. Our deep knowledge of the lending market means we can access the most competitive rates available.

3. Simple, Hassle-Free Process

We understand that doctors are busy professionals. Zenith takes the stress out of the loan application process by managing everything from document submission to liaising with lenders. We aim to make your home loan journey as easy and efficient as possible.

4. Expert Strategies for Getting Tough Loans Approved

We’ve developed a winning strategy to get tough and challenging loans approved for doctors. Whether you’re a new doctor, self-employed, or a locum with a complicated income situation, we know how to present your financial profile in a way that improves your chances of approval. Our expertise in navigating complex financial situations is why many doctors turn to us for help with their home loans.

Want to unlock exclusive home loan deals for doctors? Book a free consultation with us to get started and secure the best deal for your home loan or refinancing.

Most doctors qualify for LMI waivers if the meet the lenders’ eligibility criteria. This benefit is available to full-time, part-time, locum doctors, as well as those just starting their medical career.

Your borrowing capacity will depend on your income, credit history, and the specific lender’s criteria. As a doctor, you will generally be eligible to borrow larger amounts compared to other borrowers, but the exact amount will vary based on your financial profile.

Many major banks and financial institutions offer home loans specifically designed for doctors. Zenith works with a wide range of lenders to find the best deal for you.

You will typically need to provide payslips, tax returns, AHPRA registration, bank statements, and identification documents. After our initial consultation, our team will provide you with a list of required documents specific to your situation.

Yes, part-time and locum doctors can access the same benefits, including LMI waivers and discounted interest rates, provided they meet the lender’s income and financial criteria. 

At Zenith, we’re fully committed to helping doctors like you access the best home loan deals available. Whether you’re buying your first home, refinancing an existing loan, or expanding your real estate portfolio, we offer tailored solutions to suit your unique financial needs. Make contact with us today to partner up with a specialist mortgage broker for doctors.