We help dentists save thousands on their home loans
The financial stability and earning potential of dentists allow you access to home loans with favourable terms not generally available to the general public.
We understand that working in the dentistry industry can be demanding, however.
If you’re struggling to juggle both work and finding the best home loan terms for your needs, our team are here to help alleviate that stress.
Combining historically low default rates on home loans for dentists and our relationships with Australia’s top lenders, we can secure flexible terms and competitive rates that will save you thousands during the life of your loan.
If you’d like to learn more about these exclusive options, book your free assessment today on 07 3703 1801 or via our online contact form.
Exclusive home loan offers available for dentists
Waived Lenders Mortgage Insurance (LMI)
Typically required for loans exceeding 80% of a property’s value, LMI can be a significant cost over the life of a loan. For dentists, we can help waive LMI on loans up to 95% LVR. There is no income threshold for dentists to be eligible for this offer meaning you don’t need to provide evidence of prior income. Taking advantage of this deal will save you upwards of tens of thousands of dollars.
Exclusive discounted interest rates
Because of your career stability, we can negotiate lower interest rates exclusively for dentists. These preferential rates can significantly decrease your monthly repayments, allowing for increased savings over the life of your loan.
Higher borrowing limits
Dentists often have access to higher borrowing limits compared to the general public. This advantage is due to your profession’s earning potential and low default rates on loans. We can help secure loan amounts up to 5 million dollars allowing you to consider properties in more desirable locations or of higher value.
Why Choose Stanford Financial?
Personalised finance solutions
We understand that every dentist’s financial situation and goals are unique. Our approach is highly personalised, ensuring that the loan options we present are tailored specifically to your needs, preferences, and future plans. We take the time to understand your entire financial picture, offering solutions that are truly the best fit for you.
Access to over 50 lenders
With our extensive network of lending partners, including major banks, specialty lenders, and boutique financial institutions, we guarantee access to a diverse range of home loan products. This wide selection ensures that you receive the most competitive rates and terms available, perfectly suited to the dental profession.
Award-winning brokerage
When Logan founded Stanford Financial, his aim was to educate and empower our clients to navigate life’s financial journeys with confidence. Our reputation for superior customer service is backed by numerous industry awards and finalist nominations. This includes winning the MFAA Diversified Business and Newcomer awards in 2022.
Nationwide service
Regardless of where you are in Australia, our team are available to you. Our team is equipped to work with you online, over the phone, or in person, providing flexible options to fit your busy schedule. Experience local expertise with a national reach.
Book your free assessment today
Want to learn more about how we secure the best home loans for dentists?
Call us on 07 3703 1801 or contact us online today to book your free assessment.
Whether it’s securing a home loan, understanding your borrowing options, or crafting a personalised financial plan, our experts are here to help.
Frequently Asked Questions
What is Lenders Mortgage Insurance (LMI)?
Lenders Mortgage Insurance (LMI) is insurance that lenders require from borrowers who are unable to make a deposit of at least 20% of the purchase price of a property. LMI protects the lender, not the borrower, in the event of a loan default. This insurance enables borrowers to purchase a property sooner with a smaller deposit. Due to the financial stability of dentists, lenders are generally willing to offer LMI waived loans if you only have 10% saved.
What are the eligibility criteria to be able to apply for an LMI waived dentist home loans?
Dentists may be eligible for LMI-waived home loans if they meet specific criteria set by the lender, which typically include:
- Having a stable, full-time employment as a dentist.
- Demonstrating a strong credit history and financial responsibility.
- Applying for a loan with a Loan-to-Value Ratio (LVR) of up to 90%, meaning the dentist needs to provide a deposit of at least 10% of the property’s value.
- Some lenders might also require a minimum annual income or specific years of practice in the dentistry field.
If you’re unsure whether or not you’re eligible, give us a call on 07 3703 1801 today!
Why do dentists get special deals on home loans?
Dentists often receive special deals on home loans due to their high earning potential, low risk profile, and stability in their profession. Lenders view dentists as low-risk borrowers because of their steady, reliable income and typically low default rates on loans. These factors make them attractive candidates for favorable loan terms, such as lower interest rates, higher borrowing limits, and waived LMI.
What documents should I have ready?
When applying for a home loan, dentists should prepare the following documents:
- Proof of identity (e.g., passport, driver’s license).
- Proof of income (e.g., recent payslips, employment contract, tax returns).
- Financial statements showing assets and liabilities (e.g., savings accounts, investments, other loans).
- Bank statements to demonstrate savings and financial history.
- For self-employed dentists, additional documents such as business financial statements, tax assessments, and proof of business registration.
Can I apply for a home loan for dentists if I’m self-employed?
Yes, self-employed dentists can apply for home loans. However, they must provide more extensive documentation to prove their income and the stability of their business. This typically includes:
- At least two years of personal and business tax returns.
- Financial statements for the business.
- Proof of business registration and longevity.
- Recent BAS statements.
- An accountant’s letter verifying income.
These documents help lenders assess the stability and predictability of income, which is crucial for self-employed individuals seeking home loans.
