Doctor Home Loans

Doctors often have employment structures and income profiles that differ from standard PAYG arrangements. Depending on career stage, specialty, and employment type, lenders may assess income and documentation differently.

Medimortgage works with doctors across Australia to provide information and structured support throughout the home loan process, including coordination with a range of banks and lenders.

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Home Loans for Doctors

Doctors may work under a variety of employment arrangements, including:

Hospital employment
Private practice
Contract or locum work
Combination public and private roles

Lender assessment methods can vary depending on factors such as income stability, employment type, and length of service. Documentation requirements and eligibility criteria differ between institutions and are subject to change.

Medimortgage assists by coordinating lender information, documentation, and communication throughout the loan process.

Understanding Medical Income and Lender Assessment

When assessing home loan applications from doctors, lenders may consider factors such as:

Career stage (intern, registrar, consultant, specialist)
Employment type and contract structure
Income components, including allowances or additional sources
Existing liabilities, such as HECS-HELP

How these factors are assessed depends on individual lender policies.

Access to a Range of Lenders

Medimortgage works with a panel of banks and lenders, including those with published criteria that may be relevant to medical professionals.

Working with multiple lenders allows for:

Access to information across a range of loan products
Comparison of lender documentation requirements
Coordination of applications with lenders whose criteria align with the information provided

All lending is subject to lender assessment, approval, and applicable terms and conditions.

Supporting Doctors at Different Career Stages

Doctors may engage with the home loan process at various points in their careers, including:

Early career doctors and interns
Registrars and doctors in training
Consultants and specialists
Doctors transitioning into private practice

Lender criteria can vary depending on career progression and employment history. Medimortgage provides process support and information to assist with navigating these differences.

How the Process Works

Initial enquiry
You contact Medimortgage to request information or assistance with the home loan process.
Information collection
Relevant employment and financial details are gathered to understand lender documentation requirements.
Lender review
Information is reviewed against published lender criteria to identify loan products that may be available.
Application coordination
Documentation is prepared and submitted, with communication managed throughout the process.
Assessment and settlement
The lender completes its assessment. If approved, next steps are coordinated through to settlement.

Frequently Asked Questions for Doctors

Can doctors apply for home loans while still in training?
Some lenders publish criteria for assessing applications from interns and registrars. Requirements vary depending on employment type and income documentation.

Does HECS-HELP affect borrowing assessments for doctors?
Many lenders include HECS-HELP repayments when assessing applications. How this is treated differs between institutions.

Do lenders assess overtime, allowances, or multiple income sources?
Some lenders may consider additional income components, subject to their individual assessment criteria and documentation requirements.

Next Steps

If you would like information about home loan options available through a range of lenders, or assistance with the loan process, you can contact Medimortgage at a time that suits you.

📞 0432 353 819
📧 xaviera@medimortgage.com.au
Or submit an enquiry via the website.