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Get preferential lender treatment and your loan approved quicker!
For those in the medical profession, getting your degree is a long, expensive, and arduous process. Most lenders understand this, and fortunately, they have made entering the investment property market easier for folks like you.
Q Financial’s commitment to helping doctors and medical professionals have the home of their dreams is unparalleled. Get the best mortgage broker in Gold Coast to assist you in your specialist home loan application with much more ease — every step of the way.
Get preferential lender treatment and your loan approved quicker!
Lenders view doctors as having fewer financial risks than some other professions for the following reasons:
Because of this, doctors and medical professionals are often offered discounted rates and given access to several home loan benefits that are not usually available to the general public. They also enjoy the privilege of quicker home loan approval compared to most borrowers and of being in a position to negotiate a lower rate.
There are many advantages associated with doctor home loans, including:
It is a prerequisite for ordinary borrowers to pay LMI when they have less than 20% deposit. This type of premium is designed to protect the lender if you, for any reason, become unable to repay the loan.
However, some lenders waive this fee for doctors and medical professionals. This is a critical advantage when getting your foot up the property ladder, as LMI fees typically cost thousands of dollars. You owe less money, and you get to have your application approved faster.
To avail of the LMI waiver, you must comply with the Australian Health Practitioner Regulation Agency (AHPRA) registration requirements and be currently employed as a doctor. Luckily, unlike other professions who also receive an LMI waiver, there are no minimum income requirements for doctors to qualify for an LMI waiver.
Doctors often have unusual income structures that are not accepted by all banks. You don’t want to approach a bank that won’t accept your income. Below are the requirements to qualify for a doctor home loan in Australia:
While almost everyone in the medical profession, including residents, registrars, and even interns, is eligible for a medical professional home loan, certain medical professionals are excluded from the list — they are the ones that banks have identified through statistical analysis of loan portfolios as posing higher risk against their other peers.
Below is a list of professions eligible for doctor home loans and home loans for medical professionals. If your profession is not on the list, talk to a finance broker in Gold Coast for further advice on your options.
Note: The list varies from lender to lender, and only selected lenders offer the aforementioned benefits.
| Academic Pharmacist |
| Audiologist |
| Chiropractor |
| Community Pharmacist |
| Cosmetic Surgeon |
| Dentist Dermatologist |
| Ear And Throat Surgeon |
| Emergency Surgeon |
| Gastroenterologist |
| General Surgeon |
| Heart Doctor |
| Herpetologist |
| Immunologist |
| Junior Medical Officer (JMO/Residency) |
| Managed Care Pharmacist |
| Medical Practitioner |
| Neurologist |
| Nuclear Pharmacist |
| Oncologist |
| Optometrist |
| Orthodontist |
| Osteopath |
| Paediatrician |
| Pharmacist Clinical Pathologist |
| Physician |
| Podiatrist |
| Radiation Oncologist |
| Reconstructive Surgeon |
| Resident Medical Officer (RMO/Residency) |
| Respiratory/Thoracic Surgeon |
| Specialist Physician |
| Surgeon |
| Urologist |
| Anaesthesiologist / Anaesthetist |
| Cardiologist |
| Clinical Pharmacologist |
| Compounding Pharmacist |
| Dental Specialist |
| Doctor |
| Emergency Doctor |
| Endocrinologist |
| Gastrointestinal Surgeon (Upper/Lower) |
| GP Registrar |
| Heart Surgeon |
| Hospital-Employed Doctors |
| Informatics Pharmacist |
| Kinesiologist |
| Maxillofacial Surgeon |
| Medical Registrar Medical |
| Neurophysiologist |
| Obstetrician |
| Oncology Pharmacist |
| Oral And Maxillofacial Surgeon |
| Orthopaedic Registrar |
| Otolaryngologist |
| Pathologist |
| Pharmacist Clinical Toxicologist |
| Physiotherapist |
| Psychiatrist |
| Radiographer |
| Regulatory-Affairs Pharmacist |
| Resident Military Pharmacist |
| Rheumatologist |
| Speech Pathologist |
| Surgical Registrar |
| Vascular Surgeon |
| Animal Chiropractor |
| Cardiothoracic Surgeon |
| Clinical Pharmacy Specialist |
| Consultant Pharmacist |
| Dental Surgeon |
| Drug Information Pharmacist |
| Emergency Medicine Specialist |
| Epidemiologist |
| General Practitioner (GP) |
| Haematologist |
| Hepatologist |
| House Medical Officer (HMO/Residency) |
| Intern Doctor (Internship) |
| Locum Pharmacist |
| Medical Administrator |
| Nephrologist |
| Neurosurgeon |
| Occupational Therapist |
| Ophthalmologist |
| Oral Surgeon |
| Orthopaedic Surgeon |
| Paediatric Surgeon (Neonatal/Perinatal) |
| Pharmacist |
| Pharmacist Prescriber |
| Plastic Surgeon |
| Psychologist |
| Radiologist |
| Resident Doctor (Residency) |
| Respiratory Surgeon |
| Sonographer |
| Sports Chiropractor |
| Thoracic Surgeon |
| Veterinarian |
As you progress through your career and life stages as a doctor, the need to upsize or downsize your home may arise. Below, we explain what it means to upsize or downsize, and what home loan benefits are available for doctors considering these options.
When you decide to upsize, you may seek larger properties with more amenities to support your growing family, increased needs, or lifestyle aspirations. Given your stable and high-income-earning profession as a doctor, you will likely find it easier to secure favourable loan terms for upsizing. The home loan benefits you can enjoy when upsizing include:
Downsizing, which means moving to a smaller, more manageable property, is often considered when you approach retirement or when your children have moved out. This transition can free up capital and reduce living expenses. The doctor home loan advantages that come with downsizing include:
Home loan refinancing involves replacing your existing mortgage with a new one, usually to get lower interest rates, better terms, or to access equity in your home. For doctors, this can mean significant savings and more flexible loan options tailored to your unique financial circumstances.
As a doctor, you have access to specialised refinancing options that come with significant advantages:
Here’s a step-by-step guide to help you understand how to refinance your doctor home loan:
1. Evaluate Your Current Home Loan: Before you start the refinancing process, assess your current home loan to determine if refinancing is beneficial. Consider factors such as your current loan term, interest rate, and any fees associated with your existing mortgage.
2. Understand Your Refinancing Goals: Identify your goals for refinancing. Common reasons include:
3. Gather the Necessary Documents: For an efficient refinancing process, gather the required documentation. This typically includes:
4. Choose the Right Mortgage Broker: Engaging a mortgage broker that specialises in doctor home loans can significantly enhance your refinancing experience by leveraging their in-depth knowledge of the financial landscape for medical professionals. These brokers understand the unique income structures and financial needs of doctors, allowing them to secure exclusive discounts and preferential treatment from lenders. At Q Financial, we also manage the entire process, from assessing your borrowing capacity to handling all paperwork and negotiations, ensuring a smooth, efficient, and tailored refinancing journey.
5. Submit Your Application: Once you’ve chosen a mortgage broker and gathered your documents, submit your refinancing application. The mortgage broker will review the provided documents to ensure all necessary information is complete and accurate before submitting your application to the lender.
6. Wait for the Loan Offer and Finalise the Refinancing Process: The lender will assess your financial situation, credit history, and property value. This process may involve a property appraisal and verification of income and employment details. If the lender approves your refinancing application, they will provide a formal loan offer outlining the terms and conditions. You can then review and accept the offer, leading to the finalisation of the refinancing process and the settlement of your new loan.
While the exact amount may vary depending on each borrower’s situation, doctors in Australia can typically borrow a substantial amount in home loans due to their high and stable income. Most lenders recognise the low-risk nature of doctors’ financial profiles, allowing them to secure loans up to 95% of the property value without needing LMI. This means that, as a doctor, you could potentially borrow up to $950,000 on a $1,000,000 property, benefiting from special interest rate discounts and other exclusive loan features tailored for medical professionals.
The debt-to-income (DTI) ratio gauges your financial health by comparing your total monthly debt obligations to your gross monthly income. It is calculated by dividing your monthly debt obligations (e.g. mortgage payments, credit card bills, and other loans) by your monthly income before taxes.
For doctor home loans in Australia, the DTI ratio is crucial in the approval process. Lenders use the DTI ratio to determine your ability to manage additional debt. A lower DTI ratio can make you a more attractive candidate for a home loan, potentially leading to better interest rates and terms. However, some lenders may offer more flexible DTI requirements for medical professionals, recognising the typically higher earning potential and job stability in the healthcare sector. This flexibility can make it easier for you to secure a home loan with favourable conditions, even if your DTI ratio is slightly higher than what might be acceptable for other borrowers.
For doctors in Australia who have just started their careers and may not have extensive financial records, tailored options are available to help them secure a home loan. Many lenders recognise newly qualified doctors’ unique position and offer loans requiring minimal financial history. For instance, a junior doctor might be able to borrow up to 95% of the property’s value, benefiting from exclusive interest rate discounts and potentially avoiding LMI, making the path to homeownership more accessible.
While it is perfectly okay to approach a bank directly to start your home loan application, they are not under a legal obligation to work in your best interest. Meanwhile, when working with a mortgage broker on the Gold Coast and Coffs Harbour specialising in home loans for doctors, you can rest assured that they will look at your application and work out a favourable outcome — so you can get matched with a home loan solution that fits your situation best.
Lenders may eventually charge you a premium for their services. However, you can always count on mortgage brokers to not charge you anything when working with them. That is because they receive a commission from lenders and will not need any sort of compensation from the borrower.
Mortgage brokers are governed by the ‘Best Interest Duty’ legislation. Under this law, brokers are mandated to only ever act in your best interests and use their expertise to come up with the best potential result for your home loan application. We know the industry inside out, and our experience with a variety of lenders and financial institutions makes us much more of experts at lending policies and processes than them.
It is our job to carry out all the legwork on your behalf from start to end, and represent you in a way that will get you the most favourable outcome. We will assess your borrowing capacity, organise your paperwork, and make sure you get approved for a home loan in the most cost-effective and transparent way possible.
We have access to a wide array of lending options, so there should be something out there to fit every individual financial plan. We keep an eye across a large section of the property market, and we compare rates from our wide panel of lenders. We can help you explore those options and make sure you get the right one for you!
Our mortgage brokers are local, so we have a thorough understanding of the local market trends. This knowledge enables us to understand your needs, tailor a loan according to your unique circumstances, and possibly get you a preferential treatment — or even discounts where they apply.
We are passionate about helping people who spend their lives helping others.
We have built significant expertise in helping doctors obtain approval for home loans. We understand which lenders look most favourably on home loans for doctors and how to present a home loan application for a quick and stress-free approval process.
Great experience with Q Financial. We have re financed several times over the years and these guys are the best. They went above and beyond to make sure that the process was as smooth as possible. Highly recommend them
We have achieved a 97% approval rate compared to a significantly lower industry average for doctor applications.
Make sure you get Pre-Approval before making offers on your dream home. Otherwise, you might miss out!
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Excellent service and ongoing advice when buying our first home. Absolutely recommended!
Quinto and the team were amazing. They answered all our questions and made sure the product we were getting was the right one for our circumstances. Michael kept us up to date with the progress and was so lovely to deal with.
Quinto and Michael have been nothing short of amazing. They are so professional and efficient, they think of everything and take the stress out of the process. I can’t recommend them highly enough. Just perfect 🤩
We recently used Q financial to purchase our first home. Quinto and Michael are fantastic to deal with. Very professional and personable. They made the process very easy and were there for us every step of the way. I highly recommend Q financial.
Quinto and his team not only got me a killer deal but they also recommended awesome an conveyancer and insurance broker. The whole process was fast and easy. Even for a complete novice like me! Such a sick crew to deal with.
I just want to share that the team at Q Financial were fantastic, Quinto and Michael made the process all too easy and drama free, they explained everything in great detail and always took time to answer questions and hold our hands through the process. I first met Quinto I don't mind leaving a review when it's deserved. This is the third time we've used these guys and I can't recommend them highly enough!
We have been very happy with Quinto. He has been helpful and informative and made the experience of purchasing a first home not so daunting.
Quinto and Michael were very helpful from the very beginning. Always contactable and explaining information in an easily digestible way. Would recommend to anyone.
I'm so excited I got a loan from a lender who helped me with my loan. It was amazing how I got a loan... I tried a different service but I could never get a loan from that service. Some of them will ask me to fill out a lot of documents and at the end of the day it will not end well. But I'm happy after meeting with KURT. I was able to get my loan of $200,000. now my business is going well and I want you all to know this today because they are fast and 100% reliable. Now I'm paying the loan I got from the company from uni-credit loans all over the world. Get in touch with them and don't waste time with those lenders: send an email to elmamilitansapla@gmail.com via WhatsApp to: +1(217)290-6702
The people at Q-Financial are great. I got to work with Michael and Quinto, both are highly professional, knowledgeable and personable. You can tell that they genuinely care about you getting the best possible outcome and work tirelessly to help you out. Highly recommend using them if you want some people that will go the extra mile and take on the extra stress so you can focus on finding your perfect home. Thanks guys for all your hard work!
Michael and Quinto were so great at helping us with our home loan. As first home buyers we has no idea where to start, they were able to help with all our questions, find great rates and get the most for us. The communication was great as they were able to schedule important calls with us, that fit in with our busy lifestyles. They made the process painless. Working with these guys meant I wasn't worried about the home loan so we could focus on finding our first home, which we did!!. Thanks Michael and Quinto!!
Michael and Quinto were very helpful throughout the process of applying for a mortgage. They were very knowledgeable and easy to communicate with. Would definitely recommend
Quinto and Michael at Q Financial were exceptional with helping us to purchase our home. They were incredibly prompt and professional, as well as being accomodating and flexible with our busy schedule. Being a doctor, Quinto was able to liase with the bank regarding loans specific for health professionals. I couldn't recommend more highly.
Best in the business, we are going through the construction loan process and due to the current industry climate have had so many changes in circumstances weather it be building companies going into liquidation or the interest hikes to name a couple these guys have stuck by us and guided us every part of the way cannot recommend them highly enough.
Great service would highly recommend for anything mortgage related! Quinto and Michael are the best in the business and go over and above to help, thank you :)
Q goes the extra mile. Great work.
Quinto and the team provided me with top notch service when it was time for refinancing my home. Not only did they guide me through taking over sole title of my property but also securing a great rate. I was grateful that I had a direct line to Quinto and Michael when questions came up opposed to customer service at a big bank. Cheers
Q financial was amazing! We were referred to them by a friend after the first broker we used got flaky. They took the time to make sure we understood everything, compared all the best loans and saved us thousands! They were on top of everything for the whole process even when our settlement got moved forward! Michael and quinto are amazing I can’t recommend them highly enough!!
Quinto and Micheal from Q Financial made refinancing our mortgage very easy and helped us get a very competitive interest rate. We were kept up to date the whole way through the process. I would highly recommend Q Financial.
Quinto and Michael have been fantastic to work with. They were able to simplify financial terms, give well-researched recommendations and advice. I loved how easy it was to communicate with the team throughout the process. I'd highly recommend them to anyone in need of their service.
Quinto and Michael have been excellent to work with. They were able to simplify financial terms and help me understand all the logistics and paperwork throughout the process. Would 100% recommend to anyone looking to buy or refinance.
Q financial were super helpful and walked us through everything Highly recommend using them
Best in the business. Quinto & his amazing team are outstanding. Such great people to work with. They're communicative at every step of the way and worked hard to get the best outcome for us. I work in financial services and deal with A LOT of brokers. Q Financial are by far the best in the industry. You're in safe hands, highly highly recommended. Unbeatable service. So much more than a typical broker, they checked in with us every step of the way, they do goal setting and Financial plans, they even do annual reviews to make sure you're always in the best product - just the best!
Today I am grateful to Brenda William for her great offer and help because she really changed my financial situation with an investment capital of $1,000 I’m making $9,000 profits per week right now. If you need her help, contact her via 👇🏻 Email: brendawilliam784@gmail.com WhatsApp: +1 (754) 400-0330 I advice you shouldn't hesitate to message her.
Amazing communication by the Quinto and Michael from Q financial. This is the second time we have used their services and will be engaging with them again when required. Professional, punctual and very informative. Highly recommend
Down to Earth and clear open lines of communication throughout the whole process of purchase. The team make a great unit. Definitely recommend, couldn’t be happier about the service. 👍🏼👍🏼👍🏼👍🏼👍🏼
Amazing team at Q Financial! Communication is great & and he even made time after hours (once the kids were in bed) to chat with us! Would highly recommend Quinto!
Great experience working with Q Financial. Quinto and the team got our loan approved, assisted us to find a competitive loan from an ethical provider and are fantastic communicators. Would definitely recommend to anyone.
As we are first home buyers, Quinto and Michael made the daunting process much easier. They were always available and very responsive with any questions we had. Very happy cusomers and would highly recommend to anyone needing professional lending advice and services. Happy home owners now thanks to the both of them
Quinto and Michael did a fantastic job with very short notice to get finance approved for a very short settlement. They went above and beyond battling through extremely complex business structures and coordinating with the banks.
Quinto and Michael were so helpful in providing mortgage advice and helping us achieve our goal of remortgaging an investment property and purchasing our dream house. Highly recommended!
We've worked with Quinto and his team to purchase 3 properties so far and intend to use them when we purchase our next property. They make the process so easy and stress free and provided a service that is individualised and suited to our needs. As a Trainer in adult education, I don't really have flexibility in my work day for meetings, but Quinto had always been flexible to suit my schedule. I would highly recommend Q Financial to anyone looking to purchase a property. They are awesome!!
Quinto & Team are informative, prompt, professional & dedicated. Can recommend highly !
Quinto and his team did an absolutely outstanding job in helping us secure a home loan and buy our first property. Professional, experienced and so easy to communicate with. Couldn't recommend them enough!
As first home buyers, Q Financial made the entire process of getting a loan straight forward. They accommodated our needs, were knowledgeable and professional. We highly recommend their service!!
Had such a great experience with Quinto and the team at Q Financial. We bought our first property with them after being recommended by a friend. They guided us through every step of the process and can’t recommend them enough.
Quinto and Michael were extremely helpful when assisting my partner and I to buy our first home. We are based in Melbourne so they organised zoom meetings to find out our needs and talked us though our options. If I ever had any questions, Michael was only one call away. They went above and beyond other brokers I had spoken with previously. Thanks Guys!
Quinto and Michael were extremely helpful when assisting my partner and I to buy our first home. We are based in Melbourne so they organised zoom meetings to find out our needs and talked us though our options. If I ever had any questions, Michael was only one call away. They went above and beyond other brokers I had spoken with previously. Thanks Guys!
Q financial were such great mortgage brokers to deal with. From start to finish the whole process was very streamline and both Quinto and Michael made us feel very comfortable with their extensive knowledge of the industry, by explaining every daunting detail thoroughly, and making each step of the way easy to understand. Will definitely be working with them for future investments and refinancing. Thanks a lot guys!
Quinto and the team made the process of buying my first place really easy. Great communication and enabled me to borrow with an ethical bank that doesn't invest in fossil fuels. Highly recommended.
Great experience with Q Financial. We have re financed several times over the years and these guys are the best. They went above and beyond to make sure that the process was as smooth as possible. Highly recommend them!
Quinto & Michael were so helpful, were always ready to look after us and explained the process to my partner and i every step of the way. They helped us achieve our goal securing a home loan and i couldn't recommend their service more!
Quinto made what was a tedious process talking to banks into something easy and understandable. My partner and I will be talking to Quinto for any future loan requirements. Thanks for all your help Quinto!
What A Service! Quinto made what could be a daunting and complex process like a walk in the park. We had a few challenges that we were up against (self employed, time & low deposit) and Quinto came up with a solution that worked. Thank you for getting our family in our own home. 5 STARS ⭐️⭐️⭐️⭐️⭐️
Quinto's service is second to none. We were looking for finance faced with 3 major challenges (self employed, short time frame, low deposit). Quinto found an amazing solution and turned what was a stressful situation in to an easy process. I would encourage anyone looking for finance to give Quinto a call..... AMAZING!
We recently purchased our first home in Australia, I can't thank Quinto enough it was a smooth, hassle free process, Quinto explained everything clearly. Being self-employed a home loan can be hard to achieve but he helped guide us through with efficiency and a calm approach. I would 100% recommend Quinto to anyone looking for finance. Thank you Quinto..
Quinto is always willing to work with you to get you the best deal for your situation. He's always easy to talk to and a pleasure to deal with, plus he's one of the most genuine people you'll meet! Thanks again!
Great guy and great at what he does
