Dentists sit in the same premium borrower tier as doctors in the eyes of most lenders: stable, high-income and low-risk. That status brings access to benefits standard borrowers can’t reach, the headline one being lenders mortgage insurance (LMI) waived at loan-to-value ratios where other borrowers pay thousands for it.
Those benefits sit with specific lenders and their medico or professional programs, and the eligibility and LVR caps vary between them. The strongest outcome depends on which lender you apply through and how your income is presented, which matters most if you’re an associate on a percentage of billings, a practice owner, or working across multiple clinics.
At Loanworx, we arrange home loans for dentists across every income type, from PAYG and associate billings to practice-owner income. As an experienced finance broker, we work for you rather than for any single lender, matching you to the program that fits your role and presenting your income in its strongest form.
Buying, building or refinancing as a dentist? Call us on 1300 562 696 or get in touch and we’ll be back to you shortly.
Dental professionals can access a defined set of lending benefits that standard borrowers can’t. Here are the three that matter most.
Many lenders waive LMI for eligible dentists up to 90% of the property value, and select lenders go to 95% with no LMI. On a typical purchase that can save tens of thousands of dollars, or let you buy sooner with a smaller deposit.
The benefits extend across associate dentists, specialists such as orthodontists and oral surgeons, and practice owners, and across PAYG, percentage-of-billings and business income. Different lenders define eligibility differently, so the right lender depends on your role.
Beyond the LMI saving, many professional programs include sharper pricing and waived application or package fees. The size of the benefit varies by lender and deal, but it’s negotiable in a way it isn’t for standard borrowers.
The benefits available to dentists aren’t advertised on every bank’s website, and a branch may not mention them at all. Many dentists end up on standard terms simply because they didn’t apply through a lender that recognises the profession.
We identify which lenders offer the strongest professional terms for your role and income, then present your application so the waiver applies cleanly. Whether you’re an associate paid on billings or a practice owner, the aim is the best terms available to your profession.
Dentists share many lending benefits with other health and professional groups. Explore the other groups we help below, or pass this on to a colleague.
Medico home loans with LMI waived at high LVRs, plus rate and fee benefits for medical practitioners.
Home loan benefits and waivers available to registered nurses and midwives, including shift income.
Tailored home loans and LMI waivers for pharmacists and community pharmacy owners.
Professional home loan benefits and LMI waivers for qualified and chartered engineers.
LMI waivers and professional packages for solicitors, barristers and legal professionals.
Full-doc and low-doc home loans for business owners and the self-employed.
Home loans with alternative income verification when standard payslips don’t fit.
Home loan options and waivers available to teachers and education staff.
Borrow up to 90% or more without lenders mortgage insurance, if you qualify.
Home loans structured for contract and day-rate IT professionals.
First home grants, schemes and concessions, explained and matched to you.
A dentist’s home loan is assessed on the usual factors, with a few specific to the profession. These are the ones that shape your eligibility and terms.
Lenders confirm your occupation against their list of eligible professions and usually check your registration. Associate dentists, specialists and practice owners are commonly recognised, though each lender keeps its own list.
We match your specific role to the lenders whose policy covers it.
Salaried roles are straightforward, while percentage-of-billings income and practice-owner profits need to be presented correctly. Lenders treat each differently, and some are more comfortable than others.
Getting the income presentation right is often what unlocks the full waiver.
The professional LMI waiver lets you borrow at a higher LVR without the insurance cost, commonly up to 90% and sometimes 95% with no LMI. Your deposit determines where you sit against that cap.
We work out the deposit that gives you the best combination of waiver and pricing.
Lenders assess your capacity at a buffer rate, after your living expenses and existing commitments. Study debt, car loans, equipment finance and credit cards all reduce borrowing power.
We model your capacity across lenders so you target the one that lends what you need.
The property is the lender’s security, so its type, location and condition feed into the decision, and some apply tighter limits to small apartments, rural properties and unusual builds even for professional applicants. Standard houses and apartments in established areas attract the strongest terms. We flag any property that may limit the waiver or lender panel before you commit.
Professional and specialist lending isn’t about the headline rate alone. It’s about being matched to a lender that recognises your situation, presenting your income correctly, and having someone manage the process. Here’s what working with us looks like.
We compare home loans across a broad panel of banks, second-tier lenders and non-bank funders, so you see a genuine spread of options rather than one lender’s offering. We match you to the lender most likely to approve at a competitive rate, which often isn’t the bank you already use.
You deal with experienced brokers who understand the medico and professional programs across the market, the occupations each lender recognises, and how to present associate, billings and practice-owner income. We shape the application before it’s lodged.
The biggest value we add is matching your exact role and income to the lender offering the best LMI waiver and pricing, then presenting it so the benefit applies in full rather than partially.
For most home loans, Loanworx is paid an upfront and trail commission by the lender after settlement, and that commission typically does not change the rate or fees you pay. Where a fee for service applies to a more complex scenario, we disclose it in writing before any work begins. No surprises.
In most cases, yes. The majority of lenders that run medico programs include dentists among the eligible professions, often on the same or very similar terms to doctors. A few lenders treat them slightly differently, so the strongest deal depends on the lender. We confirm which lenders waive LMI for dentists at the best LVR before you apply.
As an industry guide, many lenders waive LMI for eligible dentists up to 90% of the property value, and select lenders go to 95% with no LMI. That can mean a deposit as low as 5% to 10% without the insurance cost, saving tens of thousands of dollars. The exact cap depends on the lender, your role and the property.
Yes, though percentage-of-billings income needs to be presented correctly. Lenders assess it differently from a flat salary, and some are more comfortable with it than others. We present your income in its strongest form and match you to a lender that recognises how associate dentists are paid.
Often, yes. Practice-owner income is well catered for, though it’s assessed differently from salaried income and usually needs supporting financials. Practice owners sometimes also have commercial finance needs around premises or equipment, which we can look at alongside the home loan. We’ll present your business income to a lender comfortable with it.
Frequently. Beyond the LMI waiver, many professional programs include sharper pricing and waived package or application fees. The size of the discount varies by lender and deal and isn’t guaranteed, but professional pricing is negotiable here in a way it isn’t for standard borrowers. We compare the full package, not just the rate.
No. The benefits sit across a range of lenders, and you don’t need an existing relationship to access them. Going through a broker means we compare the professional programs across the market and match you to the best fit, rather than limiting you to your current bank’s standard offer.
Whether you’re buying your first home, upgrading, or refinancing, we’ll match you to the professional program that fits your role and present your application for the strongest waiver and pricing available.
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