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Physiotherapist Home Loans: Complete Guide 2024

You could be eligible for special benefits on your home loan!

Calculate your borrowing capacity

Table of Contents

This is the ultimate guide to physiotherapist home loans in 2024.

In this new guide I’ll show you:

  • ✅ What benefits physiotherapists get when it comes to home loans.
  • ✅ Pros and cons of physio benefits
  • ✅ And some case studies of how physiotherapists have made the most of home loan benefits.

Let’s get started.


Chapter 1: Physiotherapist Home Loan Basics

In this chapter, we’ll cover the basics of physiotherapist home loans.

First, you’ll see why physiotherapists get certain benefits that other professions don’t.

Then, I’ll show you the different lending options.

Physiotherapist mortgage


What benefits do Physiotherapists get?

Physiotherapists fall within the medical industry, and therefore, get certain benefits including waived lenders mortgage insurance. Certain physios may be eligible for discounts when it comes to borrowing.

Including the following benefits:

  • Discounts on interest rates
  • Waived LMI (borrow up to 90% of the property value) 
  • Maximum loan size of $2.70M
  • Flexible criteria for new graduates

physio mortgage


Why is waived LMI a good deal?

Waived Lenders Mortgage Insurance (LMI) can save you thousands of dollars.

For borrowers that have less than a 20% deposit, you usually would have to pay LMI.

However, physiotherapists that fit the criteria will be eligible for waived LMI.

You will also have the ability to borrow up to 90% of the property value.

Physiotherapist Home Loans


90% Low Deposit Loans, with No Lenders Mortgage Insurance

The benefits physios get are incredible.

Regular customers are required to pay LMI with a deposit of less than 20%.

However, physios can borrow up to 90% of the property value with no LMI.


What’s the catch?

Unfortunately, only a small number of lenders offer waived LMI to physios.

However, most lenders offer other discounts for physios. 


How do I qualify?

Physiotherapists that qualify for no LMI will need to be:

  • ✅ Working full time
  • ✅ Fully qualified
  • ✅ Registered with the Australian Health Practitioner Regulation Agency (AHPRA)
  • ✅ Be able to pay back the loan in line with the bank’s policy.



Are all physio’s eligible?

To qualify for interest rate discounts and no LMI as a physio, you will need to be a member of AHPRA, a fully qualified physio and working full time.

You will also be able to specialise in any of the following:

  • ✅ Geriatric physical therapy
  • ✅ Integumentary
  • ✅ Neurological
  • ✅ Orthopedic
  • ✅ Pediatric
  • ✅ Sports
  • ✅ Women’s health
  • ✅ Palliative care


How much can I borrow?

This is the key questions for physios! How much can you borrow with physio loans?

Get ready for the good news.

If you qualify in the above criteria, then you will be able to borrow up to 90% of the property value with no LMI.

When it comes to money, up to $2.70 million can be borrowed.

Physiotherapist Loans


How can I maximise my interest rates and discounts?

Physios are lucky because, with this incredible offer, many can quickly grow their property portfolio.

The stable income and high income makes physios low-risk borrowers.

Discounts and offers will vary depending on your income and assets, professional status, and how much you want to borrow.

Get a mortgage broker on your side to help negotiate with the lender the best offer for you. 


Your investment strategy

If you can purchase your first property with no LMI, this will be a huge help to get into the property market.

By purchasing a property with a smaller deposit, you can get into the market sooner.

Save yourself thousands of dollars through waiving LMI.

Then once you build equity in your property, you can then begin to grow your portfolio.


Case Study: Leah, the Physiotherapist  

Leah is a physiotherapist who has been working for the past few years.

She has been renting, and only has $45k in savings but didn’t want to have to pay Lenders Mortgage Insurance.

She has found the perfect home for $450,000 and wants to purchase it – but didn’t want to go down the guarantor home loan path.



Hunter Galloway was able to source 90% borrowing with no LMI finance for her. Leah was able to borrow $450,000 towards the home purchase, with no guarantor.  

lmi physios

This saved Leah between $8,475 and $9,063 (depending on the lender she would have chosen)!

That is a crazy amount of money that was better off in her pocket rather than the banks!!

If you want to confirm that you qualify to have LMI waived as a physio, get in touch with our team or contact us on 1300 088 065.


Chapter 2: The Right Lender for You

In this chapter, I’m going to show you how to choose the best lender for you.

Under the guidance of a mortgage broker, it can be an easy process.

Each lender provides different interest rates and deals. So it’s essential to do your research.

Let’s take a look.

physio home loan


How to compare home loans for physios?

We highly recommend speaking to our team or a qualified mortgage broker to get the best deal for you. 
However, the key points to look for when choosing a lender are:

  • Lenders mortgage insurance: Only specific lenders offer 90% no deposit loans with waived LMI. So you will need to go through these options carefully. What comes with this benefit is often higher interest rates too.
  • Interest rates: Your interest rates add to your total loan. Often, the lenders that don’t offer waived LMI for physios will provide a discount on interest rates. 
  • Home loan fees: Watch out for the extra charges added to your loan. 

Physiotherapist Home Loan


When you are applying for a loan, you will be reviewed by:

  • Your deposit size
  • Your situation, if it is standard or a unique circumstance.
  • The property you are purchasing
  • The complexity of the loan
  • Your registration with AHPRA


Case Study: How much would I pay in LMI?

If you have a 10% deposit and are looking to purchase a property, you would pay anywhere from $6,800 to $8,141 in Lenders Mortgage Insurance.

Suncorp Bank LMI Costs

On a $315,000 loan on a $350,000 purchase, the LMI can cost between $8,304 and $5,922.


Chapter 3: Considerations around home loans for physios 

Now it’s time to dive into why these considerations around home loans for physios are so good.

We’ll look at the pros and cons as well as the loopholes.

Let’s take a look.


Are there any other factors that determine if you qualify for waived LMI?

You might be wondering aside from income and deposit if there are any other criteria that the banks need you to meet to qualify to have your LMI waived.

There are a few items including:

  • Confirmation of registration with AHPRA
  • Confirming your income and personal situation meets the banks credit criteria
  • The purchase price and type of property you are looking at buying
  • If you are purchasing in your personal name, or if you are buying in a company or a trust.

If you want to confirm that you qualify to have LMI waived as a physio, get in touch with our team or contact us on 1300 088 065.


What are the pros and cons of home loan benefits for physios? 

Let’s take a look at how you can benefit from physio loans and some of the fallbacks.


  • Discounts on interest rates
  • Borrow up to 90% of the property value
  • No LMI saving tens of thousands 


  • Limited range of lenders that offer this to physios.




Did I miss anything?

Now I’d like to hear from you.

How are you going to dive straight into buying as a physio?

Will you make the most of no LMI?

Either way, let me know by leaving a comment below right now.

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