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CBA Medico Plus Doctor Home Loan
- Borrow up to 94.99% of the property value
- Experienced team with 99% approval rate
- We reimburse your annual home loan fees
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We Help Doctors On Average Save $100,000 On Their Home Loans
Buying a new home can be financially challenging, especially with upfront costs such as the initial deposit, stamp duty, and legal fees. Fortunately, if you’re a medical professional, you may be eligible for specialised home loan solutions that make the path to homeownership more accessible and affordable.
One option is through Commonwealth Bank (CBA) Medico Plus, which offers significant benefits, including a Lenders Mortgage Insurance (LMI) waiver. Suppose you hold recognised medical qualifications in a high-demand, low-risk profession. In that case, CBA considers you a favourable applicant. This lets doctors like you buy a home with less than the standard 20% deposit, saving you thousands.
At Zenith, we’re here to guide you through every step of this tailored lending program—helping you understand your eligibility, maximise your benefits, and simplify the loan process.
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CBA Medico Plus: Benefits You Should Know
When you apply for CBA’s Medico Plus home loan, you may qualify for:
- Borrow up to 94.79% LVR (loan-to-value ratio) for both owner-occupied and investment purchases
- Maximum lending with LMI waiver of $7.5 million
- Maximum lending with LMI of $5 million
- Maximum LVR remains at 89.99% for security properties in postcoded restricted areas
- No minimum income requirement
Get a home loan with full guidance and expert assistance
- Top-Rated Mortgage Brokers in Australia
- High Approval Rate over 1000+ loans
- Direct access to 50+ banks & lenders
Schedule a consultation with one of our home loan experts
Eligible Medical Occupations for CBA Home Loan with No LMI
Having specialised medical qualifications, plus a relatively high earning potential, is key to meeting CBA Medico Plus home loan policy requirements.
Below are the specific health practitioners that can apply for it, with up to 95% LVR.
- Anaesthetists
- Cardiothoracic Surgeons
- Clinical Pharmacologists
- Cosmetic Surgeons
- Dentists
- Dermatologists
- Ear & Throat Surgeons
- Emergency Surgeons
- Endocrinologists
- Gastrointestinal Surgeons
- Gastroenterologists
- Doctors
- Gynaecologists
- Haematologists
- Hepatologists
- Immunologists
- Nephrologists
- Neurosurgeons
- Neurologists
- Obstetricians
- Oncologists
- Ophthalmologists
- Optometrists
- Oral Surgeons
- Maxillofacial Surgeons
- Orthopaedic Consultants
- Orthodontists
- Otolaryngologists
- Paediatric Surgeons
- Pathologists
- Plastic Surgeons
- Podiatrists
- Psychiatrist
- Radiologists
- Reconstructive Surgeons
- Respiratory Surgeons
- Thoracic Surgeons
- Urologists
- Vascular Surgeons
Veterinarians and non-veterinary healthcare professionals may also qualify, provided they are registered with AHPRA or their state’s veterinary board.
For veterinary registration, refer to your state or territory’s relevant board:
- NSW: Veterinary Practitioners Board of NSW
- VIC: Veterinary Practitioners Registration Board of Victoria
- QLD: Queensland Veterinary Surgeons Board
- SA: Veterinary Surgeons Board of South Australia
- TAS: Veterinary Board of Tasmania
- NT: Veterinary Board of the NT
- WA: Veterinary Surgeons’ Board Western Australia
- ACT: Email: vetboard@act.gov.au
CBA also offers limited LMI or Low Deposit Premium (LDP) waivers for eligible nursing professionals.
To qualify, applicants must meet the following criteria:
- Registration on the Nursing and Midwifery Board
- Personal borrowers only
- Owner Occupied loan purpose only with Principal and Interest repayments
- Standard Variable Rate (SVR), Fixed or Extra home loans
- Off-the-plan purchases need a signed contract and must settle within 90 days
How to Qualify for CBA Medico Plus LMI Waiver?
To be eligible for the LMI waiver under the Medico Plus program, you must:
- Be actively employed in the Australian healthcare sector (including interns, residents, registrars, and supervised doctors)
- Hold valid AHPRA registration (provisional, general, or specialist)
- Provide supporting documentation of your registration
Borrow under your own name or through a trust structure where you are a trustee/director
Additional criteria include:
- Pharmacists must earn a minimum of $150,000 gross annual income
- Physiotherapists and psychologists are not eligible under this policy
- Loan must not be for construction or vacant land purchases
- Your debt-to-income ratio must be 6 or less
- The property must not trigger a Valuation Risk Alert (VRA)
Why Partner with Zenith for a CBA Medico Home Loan?
As a medical professional, your time is valuable, and navigating complex home loan policies shouldn’t have to take you away from what matters most. That’s where we come in.
At Zenith, we specialise in helping healthcare professionals access the best possible loan terms. With over 1,000 loans approved and access to more than 50 leading lenders, we’re equipped to simplify the process, advocate on your behalf, and ensure you receive the benefits you’re entitled to.
Contact us at 1300 312 712 to learn more about CBA Medico Plus home loans and how our specialist mortgage brokers can help you.
How to apply for a doctor home loan (step-by-step guide)
Securing a home loan as a doctor is simple when you work with Zenith. Here’s a clear, step-by-step guide to the process:
Step 1: Consultation
The first step in the process is to schedule a consultation with us. We’ll assess your financial situation, discuss your goals, and help you understand the benefits available to you as a medical professional. This consultation allows us to determine your eligibility for LMI waivers and exclusive discounted rates.
At this stage, we also make sure that your income and financial profile are maximised to give you the best chance of securing a loan.
Step 2: Submit Documents
Once we’ve assessed your eligibility, we’ll guide you through the document submission process. Common documents include:
- Payslips or tax returns (for self-employed doctors)
- Employment contracts
- Identification documents
- Asset and liability statements
If you are refinancing an existing loan, we will also need to collect details of your current loan balance, interest rates, and repayment history.
Step 3: Loan Application Review
After reviewing your documents, we will present suitable lending options for you to consider. The chosen lender will then assess your loan application. This includes evaluating your income, employment stability, credit history, and the amount you wish to borrow. Doctors generally have an advantage here, as lenders consider them low-risk borrowers.
Zenith specialises in presenting your income in the best possible light, even in complex cases. We understand how to maximise your financial position and present your case to lenders in a way that boosts your borrowing power and helps you secure the best deal.
Step 4: Pre-Approval
Once the lender reviews your application, you will receive pre-approval. This gives you an indication of how much you can borrow and helps you set your property budget. Pre-approval is also beneficial when negotiating with sellers, as it demonstrates that you are a serious buyer with the financial backing to make a purchase.
Step 5: Final Loan Approval & Settlement
Once you’ve chosen your property, the lender will grant final approval for your home loan. This is when the funds are disbursed, and the settlement process begins. Whether you’re buying a home for the first time or refinancing, Zenith is here to guide you through every step of the way.
Refinancing with Zenith
If you’re already a homeowner and want to refinance your mortgage, Zenith can help you access the best deals available for doctors. Refinancing can be an excellent way to lower your interest rates, consolidate debts, or access equity in your property. We work with multiple lenders to find the most suitable refinance options for you.
Need step-by-step guidance? Contact Zenith, and we’ll manage the process for you.
Why choose Zenith for doctor home loans?
Zenith is a specialist mortgage broker that understands the unique financial circumstances of doctors. Here’s why you should work with us:
- Access to Exclusive Doctor Deals
We partner with lenders who offer exclusive home loan deals to medical professionals. This includes LMI waivers, discounted interest rates, and flexible loan options, all tailored to your financial situation.
- Wide Range of Lenders
We work with a broad range of lenders, allowing us to compare multiple home loan offers and find the best deal for you. Our deep knowledge of the lending market means we can access the most competitive rates available.
- Simple, Hassle-Free Process
We understand that doctors are busy professionals. Zenith takes the stress out of the loan application process by managing everything from document submission to liaising with lenders. We aim to make your home loan journey as easy and efficient as possible.
- Expert Strategies for Getting Tough Loans Approved
We’ve developed a winning strategy to get tough and challenging loans approved for doctors. Whether you’re a new doctor, self-employed, or a locum with a complicated income situation, we know how to present your financial profile in a way that improves your chances of approval. Our expertise in navigating complex financial situations is why many doctors turn to us for help with their home loans.
Want to unlock exclusive home loan deals for doctors? Book a free consultation with us to get started and secure the best deal for your home loan or refinancing.
Can all doctors access home loans with no LMI?
Most doctors qualify for LMI waivers if the meet the lenders’ eligibility criteria. This benefit is available to full-time, part-time, locum doctors, as well as those just starting their medical career.
How much can I borrow as a doctor?
Your borrowing capacity will depend on your income, credit history, and the specific lender’s criteria. As a doctor, you will generally be eligible to borrow larger amounts compared to other borrowers, but the exact amount will vary based on your financial profile.
Which lenders offer home loans for doctors?
Many major banks and financial institutions offer home loans specifically designed for doctors. Zenith works with a wide range of lenders to find the best deal for you.
What documents do I need to qualify for a doctor home loan?
You will typically need to provide payslips, tax returns, AHPRA registration, bank statements, and identification documents. After our initial consultation, our team will provide you with a list of required documents specific to your situation.
Can part-time or locum doctors access the same benefits?
Yes, part-time and locum doctors can access the same benefits, including LMI waivers and discounted interest rates, provided they meet the lender’s income and financial criteria.
At Zenith, we’re fully committed to helping doctors like you access the best home loan deals available. Whether you’re buying your first home, refinancing an existing loan, or expanding your real estate portfolio, we offer tailored solutions to suit your unique financial needs. Make contact with us today to partner up with a specialist mortgage broker for doctors.
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Our Proven Process
Discovery
We discuss your situation, the goals you're wanting to achieve, and assess how we're able to help you.
Assessment
We review your documents, research solutions, and present the best options to you. Once you agree to proceed, we prepare your loan application.
Lodgement
We lodge your loan application and monitor its progress. Once approved, we assist with reviewing and signing your loan contracts.
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Once your loan has settled, you join the Zenith family! We provide ongoing support and review your loan to match your changing needs.
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We understand everyone’s circumstances are different and we take the time to understand you and your goals. We value forming lifelong relationships with all our clients and we are fully committed to adding value every step of the way.
We know that mortgages can sometimes be complex and hard to understand. We focus on simplifying the process for you and we treat your loan as if it were our very own. Let us do what we do best so there’s one less thing for you to worry about.
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Frequently Asked Questions
Partnering with a mortgage broker like Zenith can significantly streamline your home loan journey. We provide expert advice on loan products carefully tailored to your unique financial situation. By handling the legwork, comparing multiple options, managing paperwork, and negotiating better terms, we save you valuable time and help identify potential hidden fees. As we are not tied to any single lender, we can select the best loan for your needs, ensuring you secure the most suitable deal. Additionally, we proactively review your interest rate multiple times per year to ensure you remain on the most competitive rate available, maximising your savings and giving you long-term peace of mind.
Our services are provided at no cost to you. We receive compensation directly from the lender you choose once your loan is settled, ensuring that you can explore your options without incurring any upfront fees.
Each lender has unique criteria and requirements that must be met before they approve a loan. Our team takes the time to thoroughly analyse your credit history, income situation, and the specific strengths and weaknesses of your financial circumstances. This allows us to match you with the most suitable lender and loan package tailored to your needs. Our experienced professionals will provide you with comprehensive information, ensuring you have everything necessary to make an informed decision.
To begin, we’ll work closely with you to understand your goals and objectives. We’ll then gather and review all necessary supporting documents to ensure we have a comprehensive understanding of your situation. Once we have sufficient information to make a personalised recommendation, the next step will depend on the chosen lender’s processing timeline. This can vary from several weeks to a few months, which is why we strongly advise initiating the process as early as possible, especially when it comes to property purchases, where timing can be crucial.
You may not always qualify for financing from a specific bank. After assessing your unique situation, we’ll work to find you the lowest possible interest rate from eligible lenders. While interest rates are important, they’re just one piece of the puzzle. We’ll also help you consider all other fees and features associated with each loan option, ensuring you have a complete understanding of your choices and can make an informed decision that best suits your needs.
Typically, lenders require a minimum deposit of 5% of the property’s purchase price to secure a home loan. However, in some cases, it may be possible to proceed with a lower deposit. Keep in mind that if your deposit is less than 20% of the property’s price, you may need to pay Lenders Mortgage Insurance (LMI), unless you qualify for an LMI waiver or apply for a family guarantee. Contact us to explore your options and determine the best approach for your situation.
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