We know Doctors are busy and that your primary passion and purpose is health care. At SF Capital, we handle your financial life with the same care and diligence as you would handle your patient’s life. We have helped many doctors finance their dream home, build their investment portfolios, saving them time and providing valuable financial education at the same time.
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Medical Doctors and Dentists are able to borrow at a 90% LVR without incurring Lenders Mortgage Insurance (LMI).
Doctors and Dentists are viewed by banks as higher and more stable income earners, and therefore having less risk of default than other professions.
LMI is a one-off fee that you pay to an insurance provider for borrowing above a certain Loan to Value Ratio (LVR). Typically this LVR is 80%. This premium is for the Bank’s benefit where, in the worst case, they need to sell your property and they make a loss on the loan. The Mortgage Insurer then protects the bank by reimbursing them on the loss.
If your profession is not on the list, you still may be eligible for LMI waiver if you can establish that your specialisation is a well recognised field.
Yes, but only with some banks
Yes, but only with some banks
Yes, Vets are listed on the above list.
Yes, you will need to prove you are a practising and qualified medical professional listed on the Australian Health Practitioner Regulation Agency (AHPRA) website.
Yes, some restrictions may include:
We will let you know in our assessment if any of these restrictions apply.
The benefits of a higher LVR also extend to Doctors in Commercial Lending. Please contact us if you would like to make a Commercial enquiry in relation to financing a medical practice or any related equipment, including motor vehicles.
