As a pharmacist you are often considered a low ‑risk borrower thanks to your stable income and professional registration. Specialist lenders and major banks recognise this and offer home‑loan packages with waived Lenders Mortgage Insurance (LMI), competitive interest‑rate discounts and higher borrowing limits to help you enter the property market sooner.

Key benefits:

• Borrow up to 95 % of a property’s value and avoid paying LMI. On a $1 million property at a 95 % loan‑to‑value ratio this could save tens of thousands of dollars in LMI fees.
• Reduced interest rates based on your professional status and the size of your loan.
• Higher borrowing capacity with some lenders offering up to $4.5 million (and certain banks up to $7.5 million).
• Flexible approval criteria that accommodate new graduates and borrowers with smaller deposits.

Eligibility:

• You must be a fully qualified pharmacist working full‑time and registered with AHPRA or the Australian Pharmacy Council.
• Typically a minimum annual income of around $90,000 is required, though some lenders have no minimum income requirement.
• You or your partner must be an Australian citizen or permanent resident with a good credit history.
• Some lenders may cap loans between $1.2 million and $5 million or require the property to be owner‑occupied; most allow up to 95 % LVR with no LMI.

Which lenders waive LMI for pharmacists?

• Major banks such as Commonwealth Bank, NAB, Bank of Melbourne, BankSA and Westpac, as well as specialist lenders like Granite Home Loans, offer LMI waivers for pharmacists. Maximum LVRs range from 90 % to 95 %, and minimum income thresholds vary by lender.
• Contacting a specialist mortgage broker will help you compare the available options and secure the best rate.

By taking advantage of these professional benefits you can save thousands of dollars on upfront costs and start building wealth through property sooner. To learn more or to arrange an obligation‑free assessment, get in touch with our team today.

Home Loans for Pharmacists: LMI Waiver & Special Discounts
As a pharmacist, you’re considered a low-risk borrower thanks to your stable income and professional registration. Specialist lenders offer home-loan packages with waived Lenders Mortgage Insurance (LMI), competitive interest-rate discounts and higher borrowing limits to help you enter the property market sooner.