Home Loans for Physiotherapists – Exclusive Benefits for Allied Health Professionals
As a physiotherapist you play a vital role in health care, and lenders recognise your professional status. At Lend a Loan, we specialise in home loans for physiotherapists, helping you unlock competitive features such as a waived or reduced Lenders’ Mortgage Insurance (LMI) and tailored lending criteria so you can step into home-ownership sooner.
Book an appointment with one of our brokers to learn how we can assist you with your requirements
Here’s why your profession gives you an advantage:
Physiotherapists are registered with the Australian Health Practitioner Regulation Agency (AHPRA), which helps lenders verify professional status and income reliability.
The healthcare sector is seen as stable and “low-risk” by many banks, which means lenders are more willing to offer flexibility and special terms.
Some lending policies specifically include physiotherapists in ‘medico’ or allied-health professional programs, where features like LMI waivers or higher borrowing limits are available.
For example, one major bank’s medico policy lists physiotherapists among those eligible for a 90% + LVR with no LMI.
These tailored features can mean savings of thousands of dollars in upfront costs (via LMI waiver) and a potentially faster path to property ownership.
Yes — while the features are favourable, you’ll still need to meet standard home loan criteria, along with the extra conditions for professional-program benefits. Some of the common requirements include:
You must be a registered physiotherapist with AHPRA (or the relevant professional body).You must be employed (or self-employed) as a physiotherapist — full time or agreed acceptable structure by the lender. Some lenders accept new graduates or those recently qualified.
A lender will assess your overall creditworthiness, serviceability (income, expenses, other debts), property type, deposit size, loan-to-value ratio (LVR), etc.
Even with the LMI waiver benefits, you’ll still need to satisfy the lender’s general home loan criteria (credit history, income stability, property suitability).
The waiver of LMI may only apply for certain property types (owner-occupied vs investment) or within maximum loan limits, depending on the lender.
What you may be able to access:
LMI Waiver (or reduced Lenders’ Mortgage Insurance): Some lenders will waive LMI for physiotherapists when borrowing up to 90% (or in select cases 95%) of the property value.
Lower deposit requirement: Because of the LMI waiver, you may be able to purchase with a smaller deposit than the standard 20%.
Tailored interest rate discounts: Some brokers/lenders offer exclusive interest rate benefits for physiotherapists. Flexible income evaluation: If you have mixed income (e.g., clinic work + private practice) or are newly qualified, there are lenders/brokers experienced in allied-health lending.
Higher borrowing potential: Some policies indicate physiotherapists can borrow higher loan amounts given their professional income and status.
Flexible income evaluation: If you have mixed income (e.g., clinic work + private practice) or are newly qualified, there are lenders/brokers experienced in allied-health lending.
Higher borrowing potential: Some policies indicate physiotherapists can borrow higher loan amounts given their professional income and status.
Here’s how you can proceed if you’re a physiotherapist looking for a home loan:
Check your registration & employment status – Ensure your AHPRA (or relevant) registration is current, and you can verify your employment/income.
Gather documentation – Pay slips, tax returns (if self-employed or private practice), proof of deposit/savings, credit history, AHPRA registration details.
Engage a specialist broker or lender experienced in allied-health home loans – Because physiotherapist-specific benefits exist, working with a broker who knows these programs can help you access them.
Find a property & assess borrowing capacity – Understand how much you can borrow, what deposit is required, and whether the property meets the lender’s criteria.
Apply for pre-approval – This gives you clarity on your borrowing power and any conditions you must meet.
Loan application & settlement – Submit your full application, satisfy conditions, property valuation occurs, and settlement happens.
Ongoing review – After settlement, monitor your interest rate, loan structure and whether further advantageous features (e.g., refinance) are available
1: Do physiotherapists really get loans with no LMI?
Yes — For eligible physiotherapists meeting the lender’s criteria, some home loans allow you to borrow up to 90% (or even 95% in select cases) of the property value without paying Lenders’ Mortgage Insurance (LMI).
However, it depends on the lender, the property type, your situation (income, credit, employment), so it’s not automatic.
Q 2: Do I need to work full-time as a physiotherapist to qualify?
Most programs require you to be employed (or self-employed) as a physiotherapist and registered with AHPRA. Some lenders may accept new graduates or those recently qualified. It’s best to check with a specialist broker.
If you are part-time, or have mixed income, some lenders may still assess you but conditions can vary.
Q 3: Can the special physiotherapist benefits be used for an investment property?
It depends on the lender. Some benefits are restricted to owner-occupier loans, while others may allow investment properties. You’ll need to check the lender’s policy.
Q 4: What’s the minimum deposit for physiotherapists?
With the LMI waiver programs, you might only need a 10% deposit (or in some cases less) because you’re not paying the LMI cost. For example, one provider notes that physiotherapists can borrow up to 90% of the property value without LMI.
Q 5: Are there any drawbacks or things to watch out for?
Yes — some things to keep in mind:
The number of lenders offering these special physiotherapist-benefits is limited, so your choice may be narrower.
Rates on no-LMI offers might be a little higher, or additional conditions may apply.
You still must meet standard lending criteria (income, credit, serviceability).
If you move out of physiotherapy (change profession) or the property becomes non-compliant for the program, the benefit may not apply in future.
We specialise in allied-health and professional home loans — so we understand what physiotherapists need.
We’ll connect you with lenders and home-loan structures that include the “no LMI / low deposit” features available to physiotherapists.
Clear, jargon-free advice, and a tailored strategy built around your career, income structure (clinic/private practice), deposit and property ambitions.
We’ll walk you through the process step-by-step — from eligibility check, to application, to post-settlement refinancing options to ensure you stay in the best loan for your situation.
Ready to take the next step? If you’re a physiotherapist aiming to buy a home — now’s the time to explore your options.
Get a free home-loan assessment today to see how a specialised physiotherapist home loan (with potential LMI waiver) could work for you.
Contact Us or call 0488 220 222.
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