What are the benefits of a medical professional package?

Reduced rates, waived LMI at 90–95% LVR, faster approvals. Saves $15K–$30K on $1M+ purchase.

I'm a registrar on $130K. Am I eligible for medical packages?

Yes — registrars eligible. Borrowing typically $850K–$1.1M depending on situation.

I'm a specialist on $400K. How much can I borrow?

On $400K with low debts + 20% deposit: typically $2.5M–$3.0M through medical packages.

I'm on a 491 visa as a doctor. Can I still access medical packages?

Yes — many lenders extend medical packages to 491 visa-holder doctors.

Are GPs in private practice eligible for medical packages?

Yes — private practice GPs eligible. Practice ABN income works with medical packages.

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Doctor

Doctor Home Loan Sydney: Maximum Borrowing With Medical Professional Packages

Mortgagefy Broker Team · Published 2026-04-29 · Last reviewed 2026-04-29

Doctors in Sydney get access to special medical professional packages — reduced rates, waived LMI even at 90%+ LVR, premium pricing. Mortgagefy knows the right lenders.

Start Your Free Assessment 0432 634 648

Who this guide is for

Sydney doctors — GPs, registrars, specialists, consultants — wanting medical professional package home loans with maximum borrowing capacity and reduced costs.

Hospital-based doctors at Westmead, RPA, St Vincent's and major hospitals
GPs in private practice across Sydney
Specialist consultants on private and public income
Indian, Pakistani, Bangladeshi, Sri Lankan doctors needing language support

The real challenge

Many doctors don't realise medical professional packages exist. They take standard home loans at standard rates with LMI — when they could be accessing waived LMI, reduced rates and faster approvals through doctor-specific products.

Some major banks and several specialist lenders offer these packages.

How Mortgagefy helps

Mortgagefy works with all the active medical professional package lenders in Sydney. We identify which package suits your specific position (registrar vs consultant, hospital vs private practice) and maximise the benefits.

Hindi/Urdu/Bengali support available. Free advice.

How it works — 4 simple steps

Free doctor chat

20-minute call about your medical role, income, deposit and target home.

Compare medical packages

We identify which medical professional packages suit your situation and maximise benefits.

Application package

We compile your AHPRA registration, employment letters, payslips and supporting documents.

Settle your home

Approval through to settlement with ongoing support.

Frequently asked questions

We use offer letters and vesting schedules to value RSUs conservatively. We present current vesting value + projected future vesting as a 3-5 year income average. This gives lenders confidence in your income stability while accounting for market volatility.

Both. We work with W2 employees, 1099 contractors, and consultants. For contractors, we use 2 years of tax returns plus business financials. We have lenders who specialise in contractor income—they understand the variability.

Unvested options have zero value for refinancing. We count only vested equity. If you have a 4-year vest, we use 25% of the grant value (what's vested) plus a conservative projection of future vesting.

If you've been in your new role 6+ months, most lenders will refinance. We'll use your offer letter plus 6 months of pay stubs. If less than 6 months, it's harder but possible with specialist lenders.

Yes, if you have 2+ years of bonus history. We average the past 2 years and present it conservatively. Some bonuses get counted at 50% to be conservative with variable compensation.

ESPP is counted as deferred compensation. If your company matches or you have a discount, we value it as part of total compensation package.

Get a doctor home loan assessment

Free 20-minute call to identify the best medical professional package for your situation.

Start Your Free Assessment Call 0432 634 648

Get your personalised answer in 2 minutes

Free, no obligation. We'll match you with the right lender for your situation.

Model your scenarios: Use our free home loan calculators to estimate borrowing capacity, repayments, and savings.

Doctor Home Loans — What You Need to Know

Doctors in Australia have access to a strong range of home loan options, but the right pathway depends on whether you're employed (PAYG), contracting (ABN), or running your own business. Each scenario maps to different lender appetites, document requirements, and rate brackets.

Income Verification for Doctors

PAYG doctors typically need their two most recent payslips and last year's PAYG summary. Self-employed doctors providing services through an ABN need 1–2 years of personal and business tax returns plus BAS statements. For contractors with strong day rates, alt-doc lenders accept business bank statements as evidence of trading income.

Borrowing Capacity

Lenders calculate borrowing capacity using your verified income, less commitments (existing debts, dependants, living costs). For high-income doctors, professional loan packages can lift LVR to 90% without LMI in select cases. For mid-income doctors, the First Home Guarantee allows 5% deposit with no LMI for eligible first-time buyers.

Common Pitfalls

Doctors often miss out by applying directly to a major bank with one income source. A specialist broker spreads applications across 40+ lenders — covering banks, credit unions, second-tier and non-conforming options — increasing approval odds and rate competitiveness.

How Mortgagefy Helps Doctors

Free 20-minute consultation, document checklist tailored to your employment type, lender selection across 40+ panels, ongoing application support through to settlement. No broker fees — lenders pay our commission upon completion.

What Our Clients Say

"Mortgagefy made a complex situation simple. Five lender comparisons in 24 hours, settled in 5 weeks. Genuinely felt they were on my side throughout — explaining options without pressure."

Aisha M.

Bankstown, First Home Buyer

"After two bank declines, Mortgagefy found a specialist lender who actually understood self-employed income. Saved us $640 a month vs our previous rate. Highly recommend for anyone bank-rejected."

Rohan K.

Parramatta, Self-Employed Refinance

"Used Mortgagefy for our investment property purchase. They structured the loan to maximise tax deductions and arranged settlement to coincide with our existing mortgage refinance. Zero stress, professional throughout."

Linda & Tom W.

Marsden Park, Investor