Are you a doctor, nurse, specialist, or allied health professional working in Sydney’s North Shore?

The good news is that you’re likely seen as a low-risk borrower by lenders - and that opens doors. In fact, as a medical professional, you may be eligible for waived LMI, flexible income assessments, and access to professional loan packages. But not all lenders are the same, and it’s crucial to work with someone who understands your position.

In this article, we’ll walk you through how to successfully apply for home loans for medical professionals North Shore Sydney and maximise your advantages in 2025’s property climate.

Let's get started.

Why Are Medical Professionals Viewed Favourably by Lenders?

Medical professionals are known for steady employment, high income potential, and job stability - exactly what lenders look for. Whether you work in the public or private system, you’re seen as a reliable borrower.

• Low default risk
• Long-term earning potential
• Government or contract-based job security
• High demand across all health sectors
  
  
  

Which Medical Roles Qualify for Specialist Loan Products?

You don’t need to be a surgeon to qualify for tailored lending. A wide range of healthcare roles are eligible for specialist treatment by lenders.

• General Practitioners (GPs)
• Medical specialists, e.g. cardiologists, dermatologists, paediatricians
• Dentists and dental surgeons
• Nurses and midwives
• Allied health workers, psychologists, physios, occupational therapists
• Pharmacists and radiologists
• Paramedics and medical technicians

What Home Loan Documents Do You Need?

Regardless of your profession, lenders want clear, up-to-date documentation. As a medical professional, some income streams (like overtime or billings) may require additional proof.

• Two recent payslips
• Employment contract or HR letter
• Tax returns and ATO Notice of Assessment
• BAS statements (for private practitioners or ABN contractors)
• Bank statements showing regular income

Do You Qualify for LMI Waivers?

This is one of the biggest perks for medical professionals. Some lenders will waive Lenders Mortgage Insurance (LMI) up to 90% LVR—saving you thousands.

• Applies to high-income medical professions like doctors and dentists
• Often extended to specialists and sometimes allied health workers
• Can result in savings of $10,000–$40,000 depending on loan size

Can You Access More Flexible Loan Features?

Given your workload and potentially variable income, flexibility in your loan is key. Lenders often offer professional packages that cater to your financial needs.

• 100% offset accounts to reduce interest
• Redraw facilities to tap into extra repayments
• Split loan options (fixed and variable combined)
• Fee waivers on loan setup or annual charges

How Is Income Assessed for Medical Professionals?

Unlike the average borrower, your income may come from a mix of sources—base salary, overtime, allowances, or private billings. The way this is assessed can vary.

• Full-time PAYG income is calculated as standard
• Overtime and shift allowances are considered if consistent over 6–12 months
• Self-employed or billing-based income needs BAS or profit/loss statements
• Some lenders “shade” variable income (e.g. count only 80%)—a broker can help avoid this

Are You Eligible for Government Home Buyer Schemes?

Yes, if your income and property value fall within limits, you could access grants and guarantees to reduce upfront costs.

• First Home Owner Grant (NSW) – $10,000 for new homes
• First Home Guarantee – 5% deposit with no LMI
• Stamp Duty concessions if under price and income caps
• You can check current thresholds via nhfic.gov.au

Where Are Medical Professionals Buying on the North Shore?

With proximity to hospitals and high-quality amenities, the North Shore is a hotspot for healthcare workers looking to live near work and raise families.

• St Leonards – near Royal North Shore Hospital
• Crows Nest – lively, modern and close to the CBD
• Lane Cove – family-oriented and green
• Chatswood – major transport and shopping hub
• Wahroonga – quiet, leafy, with elite schools
  
  
  

What Are Common Mistakes to Avoid?

Even with a strong profile, a poorly prepared application can cause delays or rejections. Avoid these common errors when applying for home loans for medical professionals North Shore Sydney.

• Applying with the wrong lender unfamiliar with medical income
• Omitting overtime or inconsistent income
• Holding multiple unsecured debts (credit cards, personal loans)
• Not using a broker who specialises in professional lending

Why Should You Use a North Shore Mortgage Broker?

You’re busy enough caring for others—let us take care of your loan. A mortgage broker who understands medical incomes and lender policy can fast-track your approval.

• Access to lenders who offer LMI waivers for medical professionals
• Help with document collection and income verification
• Strategy to boost borrowing power
• We’ll manage everything from pre-approval to settlement

Frequently Asked Questions (FAQs)

Can doctors get LMI waived?

Yes, most lenders waive LMI for doctors up to 90% LVR, saving thousands on upfront costs.

Do nurses qualify for special home loan offers?
Some lenders offer benefits for nurses, though LMI waivers are typically reserved for doctors and dentists.

How is shift or overtime income assessed?
If consistent, overtime and shift loadings can be included. Most lenders require 3–6 months of payslips showing this income.

Can I apply with a 5% deposit as a medical professional?

Yes, through the First Home Guarantee, if you meet eligibility. Doctors may also qualify for low-deposit lending with LMI waivers.

What if I run my own practice?
You’ll need tax returns and business financials, but many lenders welcome self-employed medical professionals.

Which suburbs are best for medical workers on the North Shore?
St Leonards, Lane Cove, Chatswood, and Wahroonga are popular for their proximity to hospitals and clinics.

How can Sabea Financial help me as a healthcare worker?
We specialise in securing tailored home loans for medical professionals in North Shore Sydney—handling the paperwork and lender negotiation so you don’t have to.

Summary: Ready to Secure a Home Loan as a Medical Professional?

With your career in medicine, you’re already in one of the most desirable categories for lenders. Whether you’re a GP, nurse, specialist, or allied health worker, you may qualify for exclusive lending policies—like waived LMI, higher borrowing capacity, and discounted interest rates. But without the right guidance, you risk missing out on these benefits. That’s where we come in.

At Sabea Financial, we specialise in helping health professionals access tailored home loans for medical professionals North Shore Sydney. We’ll guide you from pre-approval to settlement, help you navigate complex income documents, and make sure you’re matched with a lender who truly understands your value.

📞 Call us on 1300 001 755
Or email us on info@sabea.com.au

Let’s help you find the perfect suburb - and the right loan to make it happen.