Home Loans for Doctors &
Medical Professionals

The following medical occupations are eligible for 95% LVR+ LMI waiver:

• Dentists

• General Practitioners

• Hospital-employed Doctors (Intern, Resident, Registrar, Staff Specialist)

• Medical Specialists

The following medical occupations are eligible for LMI waiver at 90% LVR (some conditions apply):

• Audiologists

• Chiropractors

• Midwives

• Occupational Therapists

• Osteopaths

• Physiotherapists

• Podiatrists

• Psychologists

• Radiographers

• Registered Nurses

• Sonographers

• Speech Pathologists

• Optometrists

• Pharmacists

• Veterinary Practitioners

Rosh Partners specialises in loans for all healthcare professionals. Our specialty allows us to access specialised credit policies with lenders that prioritise your position as a healthcare professional.

Additionally, we are a premium brokers with a lot of major bank lenders, which means we can provide you with priority service and improved processing times for loan applications we submit.

Getting your finance pre-approved before you make any decisions is always a very good idea. While not strictly required, getting a home loan pre-approval can be highly beneficial, especially in a competitive housing market. Here’s why:

1. Know Your Budget

• A pre-approval provides you with a clear understanding of how much you can borrow based on your financial situation. This helps you focus your property search within your price range, saving time and preventing disappointment.

2. Strengthen Your Position as a Buyer

• Pre-approval shows sellers and real estate agents that you're a serious buyer with financing already conditionally secured. This can make your offer more attractive and give you an edge over buyers who haven’t been pre-approved.

3. Avoid Surprises

• During the pre-approval process, your lender will assess your financials (income, savings, credit history) to give you an accurate borrowing estimate. This way, you can address any issues or discrepancies early on, reducing the chance of surprises later.

4. Faster Loan Approval

• Having pre-approval can speed up the loan approval process once you’ve found the right property. Since much of the groundwork is already done, the final approval can be quicker and smoother, which is especially helpful when dealing with tight settlement timelines.

5. No Obligation

• A pre-approval is typically valid for 3-6 months, and while it gives you a better idea of your borrowing power, you're not locked into a particular lender or loan until you proceed with a formal application. This gives you flexibility if your circumstances change.

When Might You Not Need Pre-Approval?

• In certain situations, such as if you're making an unconditional cash offer or if you’re a returning buyer with extensive equity, pre-approval may not be essential. However, even in these cases, knowing your borrowing capacity is still helpful.

Final Thoughts: While it’s not mandatory, getting pre-approval can provide peace of mind, clarity, and a competitive edge when buying a home. It’s a smart step in the home-buying process, especially if you’re serious about securing your next property. A mortgage broker can guide you through the pre-approval process and help you find the best loan options based on your needs.

Engaging solicitors, conveyancers, and pre-purchase inspection services early in the property buying process can help ensure a smooth transaction and protect you from potential pitfalls.

1. Solicitors or Conveyancers:
   You should engage a solicitor or conveyancer as soon as you begin seriously considering purchasing a property. They will assist with reviewing the contract of sale, conducting title searches, and handling the legal aspects of the transaction. Having them involved early allows them to flag any issues with the contract or property that could impact your decision or negotiation.

2. Pre-Purchase Inspections (Building and Pest):
   It’s a good idea to arrange pre-purchase inspections before signing the contract or during the cooling-off period (if applicable). A building and pest inspection will help you identify any structural issues, potential damage, or pest infestations. This information is crucial as it can affect the property's value or even your decision to proceed with the purchase. If any major issues are found, you may be able to negotiate repairs or a lower price with the seller.

Why timing is important:

• Avoid surprises: Early engagement of these professionals can help you avoid costly surprises down the track.

• Protect your interests: Solicitors and conveyancers ensure that your legal rights are protected, while inspections give you a clear understanding of the property's condition.

• Smooth the process: Having these services lined up early means fewer delays and a more straightforward path to settlement.

At Rosh Partners, we can connect you with trusted solicitors, conveyancers, and inspectors to ensure you have the right support throughout your property journey.