Home loans for doctors
Quantum Finance arranges home loans for doctors in Perth, starting with how you are paid, from base salary to overtime and locum shifts. Then we check whether any of 40+ lenders would waive lenders mortgage insurance for you. That is the insurance you normally pay when you have saved less than twenty per cent.
- We check whether any lender would waive the insurance for you.
- We work out how each lender counts your overtime, allowances and locum income.
- We compare 40+ lenders, because each one keeps its own rules for doctors.
- Subject to lender approval and your circumstances.
- Years broking
- 21+Years broking
- Loans settled
- $1B+Loans settled
- Credit licence
- ACL 389083Credit licence
- Lenders compared
- 40+Lenders compared
Our awards and recognition
Awarded by the people who see every broker’s numbers
Diamond Club
2026
Money Quest Group
Diamond Club
2025
Money Quest Group
Diamond Club
2024
Money Quest Group
Mortgage Broker of the Year
2023/24, National, highest dollar volume settled
Southern Cross Broker Network
Excellence in Finance, Gold
2021
PLAN Australia
Excellence in Finance, Gold
2020
PLAN Australia
Hall of Fame
Valued partner, 15 years
PLAN Australia
Elite Broker
2021
Broker Value Proposition
Premium Broker
ANZ
Individual Excellence Award
2016
Specialist Finance Group
Sales Excellence Award
PLAN Australia
Sales Master Award
PLAN Australia
Top 100 Brokers
Four times
Australian Broker
What we do for doctors
The work we do when your pay is more than a base salaryA home loan for doctors is a standard home loan written under a lender's policy for medical professionals. The work is finding the lenders whose policy fits you and that count the most of your pay, not only the base.
On most home loans the lender pays us a commission, so you usually pay us nothing. Where a fee would apply, we tell you before you apply, in writing.
Sometimes no lender's waiver suits your situation. We say so early, then compare our whole panel, the 40+ lenders we can apply to, on their normal terms.
We check whether an insurance waiver applies to you
Several lenders waive lenders mortgage insurance for eligible doctors, and each one sets its own terms. Most ask for proof of your registration with AHPRA, the national agency that registers health practitioners. We check your situation against the panel and tell you plainly if no waiver applies.
We read your payslips the way a lender will
Overtime, on-call allowances and shift penalties can be a large part of a doctor's pay. Some lenders count them in full, some count part of them, and some average them over recent payslips. We work out what each lender will accept before anything is submitted.
We sort out locum and private income
Locum shifts or private work billed through an ABN, an Australian Business Number, are often assessed like self-employed income. Lenders differ on how much history and paperwork they need for it. We gather the right documents for the lender that suits your income mix.
We cost the premium a waiver would remove
A doctor borrowing at 90 per cent of the value or more would normally pay the premium, and a waiver removes it. The premium depends on the lender, the loan size and how far under twenty per cent you are. We work out your figure, so you know what a waiver is worth to you.
We weigh the waiver against the whole loan
Some lenders take doctors to 90 per cent of the property's value or more without the insurance. A loan at that level can carry a higher rate or fees, and over the years those can cost more than the premium. We compare the whole loan, rate and fees included.
We time the application around your rotations
A new contract or a move to another hospital can count as a change of job. Many lenders are cautious while you are on probation, so we look at your dates with you and pick when to apply. Then one application goes to one lender instead of several.
Work out what a waiver is worth
The premium a waiver would remove, and what you can borrowEstimate the insurance premium a waiver could save you, and how much a lender might lend on your income. Both figures move with how much of your overtime and locum income a lender counts, so treat them as a starting point.
Work out which LVR band you are in
The lender uses its own valuation, which is not always the price you agreed.
What is going towards the property itself, after transfer duty and costs are paid.
80% is where lenders mortgage insurance normally stops applying. Move this to whatever band your lender has told you about.
Your loan-to-value ratio
91.0%
Above 80%, so lenders mortgage insurance would normally apply.
- The loan you would need
- $546,000
- Your deposit as a percentage
- 9.0%
- Deposit for a 80% ratioWhich would leave a loan of $480,000.
- $120,000
- Extra deposit needed to get thereCrossing a band can be worth far more than the dollars suggest.
- $66,000
This tool does not price the premium, and that is deliberate. LMI premiums are set by the mortgage insurers and vary by insurer, lender, LVR band and loan size, so there is no universal table anybody can honestly publish. What you see above is the part that is the same everywhere: where you sit against 80% and what it takes to move. For an actual figure, we run your numbers at the lenders whose insurer pricing suits your ratio and come back with a quoted premium. This is an estimate, not an approval.
Get a real LMI figureWork out what you could borrow
What actually lands in your accounts, so $9,000 a month. Include a partner if you are buying together.
Groceries, fuel, insurance, childcare, subscriptions. Lenders apply a minimum benchmark, so a low figure here will not be taken at face value.
Car, personal, HECS, existing mortgages.
The limit, not the balance.
Lenders count between 2.5% and 3.8% of every card limit as a repayment, whether you owe anything or not.
An example figure to change, not a rate on offer.
Lenders test you at a rate above the one you pay. Three percentage points is the level APRA expects, so you are being assessed at 9.00%.
Used only for the price guide below.
You could borrow around
$684,000
Based on $5,500 a month left over, assessed at 9.00%.
- Monthly income counted$108,000 a year, after tax, divided by twelve.
- $9,000
- Monthly surplus a lender would seeIncome less expenses, commitments and card limits.
- $5,500
- Card limits counted as a repayment3.8% of $0 a month.
- $0
- Assessment rate used6.00% plus a 3.00% buffer.
- 9.00%
- Repayment at the loan rateWhat you would actually pay each month, not the tested figure.
- $4,098
- Rough price guide with your depositStamp duty and fees come out of the deposit, so the real figure is lower.
- $804,000
This is an estimate, not a pre-approval. Every lender counts income, expenses and commitments differently, and the spread between the most and least generous on the panel is often more than $150,000 on the same file. Lending is subject to approval.
Get a real numberEach tool has a page of its own explaining every figure it uses: lmi calculator and borrowing power calculator.
How lenders treat doctors
Four things that shape a doctor's home loanDoctors often hear that they can borrow without paying the insurance. That is true with some lenders, and the bigger difference between lenders is often how they count your pay.
- Lenders mortgage insurance waiver
Tends to suit
Eligible doctors borrowing with less than twenty per cent saved
Worth knowing
Usually up to 90 per cent of the property's value, sometimes higher, and the terms differ by lender
- Overtime and allowance income
Tends to suit
Hospital doctors paid partly outside their base salary
Worth knowing
Lenders count it in full, in part, or averaged over recent payslips
- Locum and private income through an ABN
Tends to suit
Doctors with locum shifts or private work on the side
Worth knowing
Often assessed like self-employed income, and the history each lender needs varies
- Family guarantee
Tends to suit
Doctors whose situation does not attract a waiver
Worth knowing
A family member puts up part of the value of their home as extra security. That removes the premium in most cases, and they take on a real obligation.
You do not need to know which lender has which policy. Send us your recent payslips and tell us about any locum work, and we check the panel for you.
Who home loans for doctors suit
The doctors we check lender policy forLender policy matters most when the deposit is under twenty per cent or the pay is more than a base salary. These are the situations that come up most often.
Doctors buying with less than twenty per cent saved
Registrars and junior doctors whose pay includes a lot of overtime and allowances
Doctors who do locum or private work through an ABN on top of a hospital salary
Doctors changing hospitals or contracts in the next few months
Doctors told by one bank that the insurance premium cannot be avoided
How the process works for doctors
Five steps, with your pay worked through before step twoWe follow the same five steps as any loan we write. Your payslips, contracts and any locum income are checked against lender policy before anything is submitted.
Start an application
You send us the basics and we work out what you could borrow and which lenders will look favourably at your situation.
Read this step in full: Start an applicationWhat you need
Income, debts, deposit
Get pre-approved
We put your file to the lender that fits and bring back a pre-approval in writing, subject to lender approval and your circumstances.
Read this step in full: Get pre-approvedWhat we do
Match the lender to your file
Get officially approved
Once your offer is accepted, the lender orders its valuation and issues formal approval.
Read this step in full: Get officially approvedWhat we do
Chase the lender, so you do not have to
Prepare for settlement
We go through the loan documents with you before you sign anything, then coordinate the lender and your settlement agent.
Read this step in full: Prepare for settlementWhat you need
Your questions, asked early
Stay up to date
After settlement we keep the loan under review as rates move and your circumstances change.
Read this step in full: Stay up to dateWhat we do
Review it, and tell you first
Step 1 of 5 · Start an application
About our independent mortgage brokers
The brokers who go through a doctor's pay with youIndependent means no franchise above us and no lender owning a share of the business. Nobody upstairs sets a monthly target, so we can tell you when no waiver applies. Your bank has one policy for doctors; we compare 40+ lenders.
Gavin Harrigan has been broking from West Leederville since 2005. Today it runs on a small team, Gavin Harrigan, Justin Richardson and Xavier Prescott, each with their qualifications on the page. You deal with the person who writes your loan, before settlement and after it.
The work runs from a first home loan, through refinancing and investment lending, out to construction, small developments and commercial property. Same broker, whichever end of that you are at.
- VerifiedBroking since 2005
- VerifiedOver $1 billion in loans settled
- VerifiedAustralian Credit Licence 389083
- VerifiedMoneyQuest accredited
- VerifiedMember of the Finance Brokers Association of Australia (FBAA)
- Verified40+ lenders on the panel
Fifteen minutes is usually enough to tell you where you stand. No cost, no obligation, and any lending is subject to approval and your circumstances.
Why doctors choose us
Each lender reads a doctor's pay differently, so somebody should check them allNo franchise and no lender has a say in which loan we recommend to you.
- Included
No franchise, no head office quota
We do not pay a franchise fee, so nobody upstairs sets a monthly target for us to hit. That removes the main reason a broker recommends the wrong loan.
- Included
No lender owns a share of us
The banks have no stake in this business and no claim on where files go. Your bank has one loan to sell you. We do not.
- Included
40+ lenders, one shortlist
We compare 40+ bank and non-bank lenders, then explain why the shortlist looks the way it does. Policy differences decide more applications than rate does.
- Included
We will tell you when the answer is no
If refinancing does not actually save you money, we say so and you leave the loan where it is. A wrong loan costs more than the fee it earns.
- Included
The same broker after settlement
You keep dealing with the person who wrote the loan. We review it as rates and your circumstances change, not once and then never again.
What our clients say
Reviews from people we have written home loans forReviews left by people we have settled home loans for, shown as they wrote them.
Our lender panel for doctors
Policy for doctors is set lender by lender. We compare 40+We work with major banks, smaller banks and lenders that are not banks, and each has its own rules for doctors. MoneyQuest gives us access to the panel, and 21+ years of writing home loans tells us where to look first.
A selection of the lenders we are accredited with. Ask us who else is on the panel for your situation.
Our home loan guides
Read one before you talk to a lenderPlain-English answers on borrowing capacity, the WA grant with every figure dated to its source, and what pre-approval is worth. Each one carries a broker's name.
Approvals
Credit scores and home loans
What is on your file, how long it stays there, and what a lender does with it.
Read it: Credit scores and home loans
Borrowing power
How much can I borrow?
Income less commitments, tested at a rate higher than the one you would pay.
Read it: How much can I borrow?
First home buyers
The First Home Owner Grant in WA
Who qualifies, what it is worth, and every figure dated to its WA Government source.
Read it: The First Home Owner Grant in WA
Approvals
Home loan pre-approval, explained
What a lender is actually committing to, and what can still undo it.
Read it: Home loan pre-approval, explained
Meet our Perth mortgage brokers
The broker you talk to is the one who writes your loanWe are a team of three: Gavin Harrigan, Justin Richardson and Xavier Prescott. The person who goes through your payslips is the person who submits the application and the person who reviews it later.
Gavin Harrigan
Managing Director
Broking since 2005, four-time Top 100 broker and a PLAN Australia Hall of Fame member.
- Bachelor of Commerce, Applied Finance and Commercial Law, Curtin University
- Diploma of Finance and Mortgage Broking Management, AAMC Training Group
- PLAN Australia Hall of Fame member
- Elite Broker status
- Top 100 Brokers, four times
Justin Richardson
Loan Consultant
Business and law background, and a habit of making the process feel simple.
- Bachelor of Commerce, Business Law and Marketing, Curtin University
- Bachelor of Laws (in progress), Murdoch University
Xavier Prescott
Loan Consultant
Fresh qualifications, a competitor's discipline, and a lot of patience.
- Diploma of Finance and Mortgage Broking Management
Common questions about home loans for doctors
Can doctors get a home loan without paying lenders mortgage insurance?
Some lenders waive lenders mortgage insurance for eligible doctors, usually up to 90 per cent of the property's value and sometimes higher. Each lender sets who qualifies and the terms that come with it. We check your situation against the panel, and any loan is subject to lender approval.
Do junior doctors and registrars qualify?
It depends on the lender. Most ask for proof of registration with AHPRA, the national agency that registers health practitioners. Each lender decides which doctors its waiver covers, and we check your situation against each one's policy.
Will a lender count my overtime and allowances?
Usually some of it. Some lenders count overtime and on-call allowances in full, some count part of them, and some average them over recent payslips. That difference can change how much you can borrow, so we work it out lender by lender.
How do lenders treat locum or private income?
Income billed through an ABN, an Australian Business Number, is often assessed like self-employed income. Lenders differ on how much history and paperwork they need, such as tax returns, invoices or business activity statements. We match your income to a lender whose rules suit it.
Will I get a lower interest rate as a doctor?
Not automatically. A loan with a waiver can carry a higher rate or fees, especially at 90 per cent or more of the property's value. We compare the whole loan across the panel for your situation before we quote you a rate.
I am changing hospitals soon. Should I wait to apply?
Possibly. A change of employer can put you on probation, and many lenders are cautious while you are on it. Tell us your dates and we will work out whether to apply now or after the move.
Related home loans we arrange
Other home loans doctors ask us aboutMany loans involve more than one of these. If yours does, it is the same broker and the same conversation.
Home Loans by Occupation
Lender policies that recognise your occupation, starting with the insurance waiver.
Learn moreabout Home Loans by Occupation
Low Deposit Home Loans
Buying with less than twenty per cent saved, with every route costed first.
Learn moreabout Low Deposit Home Loans
First Home Buyer Loans
Your first place in Perth, from what you can borrow through to the keys.
Learn moreabout First Home Buyer Loans
The information on this page is general in nature and does not take into account your objectives, financial situation or needs. Any figures shown are estimates only. Lending is subject to approval, and to the lender's terms, conditions, fees and charges. Consider whether the information is appropriate for you before acting on it.
Get in touch
Talk to us about your pay and your loanFill in a few details and you are done. A broker reads them, checks your situation against the panel, and rings you back on the number you give us.
Would rather just talk?
Ringing is quicker than waiting for us to ring you, and you get a broker rather than a queue.
1300 813 113