Finance for Doctors Made Simple

We can assist in securing loans for doctors and dentists that cover up 100% of the purchase price or value of the asset without the need for Mortgage Insurance.

Mortgage insurance is typically required by lenders when a borrower puts down less than 20% of the purchase price. The availability of such financing options can depend on the lender, your profession and your individual financial situation.

Here at MedX Finance we will guide you through this to get the best outcome.

With MedX Finance, you have access to all key lenders in the medical space, including banks and non-bank institutions.

This means we can provide you with an unbiased range of mortgage options to choose from, as opposed to one lender pushing their product.

Our specialists will also add value by working with your trusted advisors to find you the most tax effective and cost-effective solutions.

Whether you are looking to purchase your own practice premises or a commercial investment property, our team can assist.

Lenders often require larger deposits and can impose additional strict lending covenants should they deem particular projects as risky.

At MedX Finance, we assist in ensuring that each lending scenario is structured in a way that maximises the loan application’s chances of success, whilst ensuring it meets your financial needs.

Self-Managed Super Fund lending can be a complex area and it is essential for individuals interested in using their Self-Managed Super Fund for property investment to work with experienced financial advisors/ mortgage brokers such as MedX Finance, who specialise in this space.

These decisions will need to align with your retirement goals and comply with all legal requirements.

Here at MedX Finance, our specialists are well versed in sourcing Self-Managed Super Fund loans for medical the medical community. We can also connect you with the right professional advisors if you are looking to create and potentially borrow via your Self Managed Super Fund for the first time.

Higher Borrowing Limits: Given their typically higher-than-average income potential, doctors, dentists, vets and allied health professionals often qualify for larger loan amounts compared to many other professions. MedX Finance will ensure we take all of this into consideration when presenting the right solution to you.

Lower Interest Rates: Some lenders offer competitive interest rates for medical professionals, acknowledging their stable income and lower risk profile. MedX will work to make sure we get you the best deal

Waived Lenders Mortgage Insurance (LMI): LMI is typically required for borrowers who can't provide a 20% deposit. However, due to the low-risk nature of medical professionals, some lenders within our trusted pool of bank and non bank lenders may waive the LMI for doctors, dentists, vets and allied health professionals, even if they provide a smaller deposit.

Flexible Loan Terms: Recognising the demanding nature of medical professions, we will work with lenders to offer more flexible loan terms for doctors, dentists, vets and allied health professionals. This can include features like extra repayments, redraw facilities, and offset accounts.

Higher Loan-to-Value Ratios (LVR): Whereas a typical borrower might need to provide a substantial deposit to secure a loan, medical professionals might be offered higher LVRs, sometimes up to 100%, due to their stable earning potential.

Specialist Home Loan Packages: Some lenders have tailored home loan packages specifically designed for medical professionals. These packages often come with additional features or benefits not available in standard home loan products.

Income Consideration: Lenders might consider future income potential for recently graduated doctors and dentists or those in the early stages of their careers. This consideration can lead to approval of loans that might be denied to other professionals at the same current income level.

Streamlined Approval Process: Given the consistent demand and recognition of the medical profession's stability, some lenders streamline the approval process for doctors and dentists, making it quicker and more efficient.

Dedicated Advisors: Recognizing the unique financial needs and busy schedules of doctors and dentists, some banks and lenders provide dedicated advisors who specialize in assisting medical professionals.

Flexibility with Employment History: Lenders might be more lenient when considering employment history for doctors or dentists, especially if they have recently moved jobs or set up a new practice.