Purchase a property with a 5% deposit*
Doctors can purchase their next home or investment property with only a 5% deposit and avoid lenders mortgage insurance (LMI).*
Request a callback from a home loan specialist for doctors
The advantage of working with a home loan specialist for doctors
When it comes to finding a suitable home loan, partnering with an expert who understands the unique needs of medical professionals can make all the difference.
✔ $0 charge to you to use our service.
✔ Access to a wide selection lenders to help you get the right loan.
✔ Access up to 95% LVR with no LMI.*
✔ Get started and register your interest in less than 1 minute.
When I originally was looking to purchase our first home, I had so much difficulty getting a loan. We had been to so many banks, that I felt like I was scouting everywhere. Then I met Jesse – within one month, he had it all sorted out.
"Most banks generally require a 20% deposit to avoid LMI (for example on a $700,000 property this means you will need fund a $140,000 deposit plus stamp duty costs). However, with the assistance of Avant Finance, doctors may be able to purchase the same property without needing LMI with only a 5% deposit* (this would mean you will only need fund a $35,000 deposit plus stamp duty costs).
The amount you can borrow, also known as your borrowing capacity or borrowing power, is based on your unique financial circumstances. Your income, assets, liabilities and credit history can all affect your borrowing power.
Most banks ‘shade’ overtime and on-call time, which simply means they discount the amount of this type of income when calculating the ability to service a loan. These extra hours can make up a good portion of some doctors’ overall income. Doctors can maximise their borrowing capacity by using lenders who will consider 100% of their income. An Avant Finance specialist can help determine your borrowing capacity and support you through the entire purchase process.
Timing depends on the complexity of your circumstances. On average, once you have provided us with relevant documents, you should receive your borrowing capacity, interest rates, repayment and fee quotes within 5 business days.
Doctors can expect to receive a call, email, or text from an Avant Finance team member within one business day of submitting a home loan enquiry form.
*All applications for credit are subject to our eligibility and credit approval criteria. Terms, conditions, fees and charges apply. Contact us for further details.
