Doctors in training
Interns, residents and registrars may have base salary plus rostered overtime or allowances. Policy and evidence requirements should be checked before application.
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Medical professional home loans · Victoria
Home-loan guidance for doctors and healthcare professionals
Medical careers can include training rotations, overtime, allowances, multiple employers, contracting or practice ownership. We compare lender policy for Victorian doctors, dentists, nurses, allied-health practitioners and other eligible healthcare professionals.
Professional home-loan guidance across Victoria
The short answer
Can medical professionals get an LMI waiver?
Some lenders publish LMI-waiver policies for eligible medical and healthcare occupations. The maximum LVR and conditions can differ by role: doctors, specialists and dentists may be treated differently from nurses or allied-health practitioners. Current registration, income, property and credit criteria still apply.
Assess the whole application
Medical income needs the right lender interpretation
A strong income does not help if it is documented in a way that the selected lender will not accept. Career stage, employment type and registration can affect the assessment.
- Match your exact occupation and AHPRA or other registration to current lender criteria
- Present rostered overtime, allowances and income from multiple employers accurately
- Separate profession eligibility from serviceability and credit approval
- Compare a smaller deposit with the repayments, fees and flexibility of lower-LVR options
Specialists and dentists
Some published policies include specialists and dentists at higher LVRs, subject to registration, loan-size, property and credit criteria.
Nurses and allied health
Selected roles may qualify under certain lenders, often with different income thresholds or LVR limits from medical practitioners.
Practice owners and contractors
Profession eligibility does not replace self-employed verification. Business structure, tax returns, distributions and liabilities may still determine borrowing capacity.
Compare the policy fit
Published medical policies can differ by occupation
Two healthcare professionals with similar incomes may face different eligibility thresholds because lenders define acceptable occupations and evidence differently.
Decision point
Standard assessment
Professional policy may consider
Credentials
Employment and income evidence support the ordinary assessment.
Current professional registration and an eligible occupation may be mandatory.
Variable income
Overtime and allowances may be shaded or require a history.
Some published healthcare policies may recognise eligible overtime or allowances differently.
LMI
Usually considered above 80% LVR.
A waiver may be available at a higher LVR for an eligible role and application.
Career stage
Recent changes can complicate income verification.
A lender may specifically recognise certain hospital-employed training roles, subject to policy.
How it works
A policy-led review before you apply.
- 01
Confirm occupation, registration, employment arrangements and every source of income.
- 02
Compare current medical-professional policies against standard home-loan alternatives.
- 03
Prepare payslips, contracts, rosters or business evidence and submit to the selected lender.
Common questions
Clear answers for Victorian professionals
Do interns and registrars qualify for professional home loans?
Some published lender policies include hospital-employed interns, residents and registrars, but definitions and evidence requirements vary. Registration, employment and the complete application must still meet policy.
Can nurses receive an LMI waiver?
Some lenders publish waivers for eligible registered nurses, often subject to an income threshold and lower maximum LVR than certain doctors. Always verify current conditions before relying on a waiver.
Can overtime and allowances count toward borrowing capacity?
They may, but lenders differ on the percentage accepted and the history or documents required. A roster, year-to-date payslips and employment confirmation may help establish that income.
Are dentists and veterinarians included?
Dentists appear in several published medical-professional policies. Some lenders also include veterinarians, sometimes under different LVR or income rules. Exact occupation and registration criteria apply.
Can a self-employed doctor use a medical-professional policy?
Potentially, but the lender will still assess the business or practice income under its self-employed rules. The professional concession and income verification should be reviewed separately.
Reviewed 14 September 2026 by Chris Berry. General information only and not financial, legal, tax or accounting advice. Professional eligibility, LMI treatment, loan-to-value limits, rates, fees and credit criteria vary by lender and can change. Approval and any LMI waiver are not guaranteed.
Official information: Westpac healthcare policy information · ANZ medical and dental waiver criteria · AHPRA register information
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