Lenders Mortgage Insurance (LMI) protects the bank if a borrower cannot meet their home loan repayments. However, nurses, doctors, and other healthcare professionals are generally considered low-risk borrowers due to stable employment and strong income reliability.

Because of this lower risk, select lenders are willing to waive the LMI requirement and approve loans with a much smaller deposit — often just 10%. This allows medical professionals to buy sooner and save thousands in upfront costs.

Many lenders allow nurses to borrow up to 90% of the property purchase price without paying LMI. Maximum borrowing capacity still depends on your income, expenses, and credit history.

Yes. Some lenders will consider 100% of your overtime income when assessing your borrowing capacity — a major benefit for nurses and healthcare professionals who regularly earn overtime.

To verify your overtime income, lenders may request:

• Your two most recent payslips

• Your most recent PAYG group certificate

• In some cases, a letter from your employer confirming consistent overtime over the past 12–24 months

Using 100% of your overtime can significantly increase how much you can borrow and improve your chances of approval.

Yes. You can still qualify for the 90% no-LMI home loan even if your partner is not a medical professional. Only one applicant needs to meet the eligible occupation criteria for both of you to access this exclusive medical professional home loan benefit.

You’ll have access to a wide range of medical professional home loan products, including:

• Variable rate home loans with package discounts

• Fixed-rate home loans with features such as offset accounts and redraw

• Professional package loans designed specifically for nurses and healthcare workers

Our team will also negotiate a competitive interest rate with the lender on your behalf to ensure you secure the best possible deal.

Many lenders allow eligible nurses to buy a home with just a 10% deposit while paying no LMI. This can save you tens of thousands compared to standard home loans.

Yes. Registered nurses, midwives, and healthcare professionals may qualify for a no LMI home loan when borrowing up to 90% of the property value, depending on the lender’s criteria.

Eligibility usually includes being a registered nurse, midwife, or healthcare professional in Australia, having steady employment, and meeting standard lending criteria. Each lender may have slightly different professional lists.

Typical documents include payslips, bank statements, ID, and proof of employment as a nurse or healthcare professional. Some lenders may require AHPRA registration.