We help doctors save thousands on their home loans
Doctors have a distinct advantage in accessing favourable home loans due to their excellent reputation with the banks.
More exclusive offers are available to doctors who are applying for a home loan that isn’t available to the general public.
At Stanford Financial, we can help you take advantage of all the benefits available to you, saving you thousands of dollars over the life of your loan.
Our tailored home loan options for doctors come with competitive rates and flexible terms, designed to fit your unique professional and financial situation.
Call us today on 07 3703 1801 or contact us online to schedule your free assessment.
Exclusive home loan offers available for doctors
Waived Lenders Mortgage Insurance (LMI)
Most borrowers who apply for a home loan with a deposit of less than 20% of the property’s purchase price are required to pay LMI. We can leverage doctor’s status as low-risk borrowers to help you access loans up to 95% of the property value without paying LMI. This can save you potentially ten’s of thousands of dollars.
Exclusive discounted interest rates
Lenders are more likely to offer discounted interest rates on home loans for doctors due to a low default rate for borrowers who work in the industry. With access to over 50 lenders, we can find the most discounted interest rates available to you. This can save you thousands of dollars over the life of your loan.
Higher borrowing limits
Due to the earning potential and career stability of doctors, we can also negotiate higher borrowing limits with lenders. This affords you greater flexibility and choice when it comes to purchasing your ideal home or investing in property.
Why Choose Stanford Financial?
Personalised finance solutions
Our brokers will explain and clarify all relevant jargon and ‘bank talk’ to ensure that you’re educated to make the right decisions for your circumstances. Led by our passion and creative ideas, we don’t just accept the banks’ ‘yes or no’ policies. If there isn’t a pathway, we will create one for you.
Access to over 50 lenders
With connections to over 50 lenders, we ensure that you have a comprehensive range of loan options. Our extensive network means we can find the best loan options to suit your specific needs, ensuring you get the most competitive rates and terms available.
Award-winning brokerage
Logan’s vision when he started Stanford Financial was to empower and educate clients to navigate life’s financial journeys with confidence. Our commitment to superior customer service has earned us several industry awards and finalist nominations. This includes winning the MFAA Diversified Business and Newcomer awards in 2022.
Nationwide service
Wherever you are in Australia, Stanford Financial is there for you. Our nationwide service ensures consistent, top-quality financial guidance and support, no matter your location. 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 doctors?
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 guide you.
Doctor Home Loan FAQs
Can doctors with existing student loans still qualify for a home loan?
Yes, doctors with existing student loans can still qualify for a home loan. Lenders typically consider the overall financial health of the applicant, including income, credit history, and current debt levels. While student loans are part of the assessment, the stable and generally higher income of medical professionals often offsets this debt. It is essential to demonstrate a consistent repayment history on existing loans, as this indicates financial responsibility. At Stanford Financial, we understand the unique financial situations of doctors and can work with you to find a suitable loan structure that accommodates your student loan obligations.
Can doctors with varying levels of experience and income qualify for a home loan?
Doctors at different stages of their careers, from newly qualified practitioners to experienced specialists, can qualify for a home loan. Lenders recognise the potential for career growth and income increases within the medical profession. Junior doctors may need to provide additional information regarding their career trajectory and future income potential. Conversely, established doctors with higher incomes and more extensive work histories typically have an easier time qualifying. Stanford Financial offers tailored loan options that consider the specific circumstances and financial potential of doctors at all career stages.
What documentation is required for doctors to apply for a home loan?
When applying for a home loan, doctors need to provide several key documents to verify their income, employment, and financial status. These typically include:
- Proof of identity (e.g., passport, driver’s licence)
- Employment verification (e.g., employment contract, letter from employer)
- Income documentation (e.g., recent pay slips, tax returns)
- Details of existing debts (e.g., student loans, credit cards)
- Bank statements showing savings and transactions
- Evidence of any other assets (e.g., investment portfolios, property holdings)
Additional documentation may be required depending on individual circumstances. At Stanford Financial, our team will guide you through the specific requirements to ensure a smooth application process.
