MEDICO LOANS MORTGAGE BROKERS & HOME LOANS FOR DOCTORS
We will help you achieve your property dreams, wherever you are in your medical journey. At Fundi Finance, we understand the unique needs and challenges of medical professionals when it comes to securing a home loan. From managing student debt to navigating irregular income, we're here to guide you through the process smoothly and efficiently.
Medico Home Loans
What is classified as a medical professional?
We have options available for the following professions;
· Medical Practitioners, General and Specialist.
· Dentists
· Physiotherapists
· Chiropractors
· Optometrist
· Veterinarians
· Nurses
· Occupational Therapists
· Osteopaths
· Pharmacists
· Podiatrists
· Psychologists
· Radiographers
· Sonographers
· Speech Pathologists
With some of the professions there are certain income requirements depending on the lender.
Here's how we can help
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Competitive interest rates: We leverage our strong relationships with lenders to secure exclusive rates tailored to your profession.
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Flexible loan structures: We understand your income may vary depending on your specialty, locum tenens work, or practice ownership. We offer flexible loan structures to accommodate your unique circumstances.
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Fast and efficient processing: We understand your time is valuable. We'll work quickly and efficiently to get you pre-approved and into your dream home as soon as possible.
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Dedicated support: You'll have a dedicated mortgage broker by your side throughout the entire process, providing expert advice and personalized support.
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Smaller Deposits accepted: We understand that you have taken the time to learn your craft and while doing so you may not be in a position to have a large deposit to contribute to a property purchase. We will find options for you where you are able to put down a smaller deposit with little to no penalty.
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Lenders Mortgage Insurance (LMI) assistance: Some lenders offer waived or discounted LMI for medical professionals, potentially saving you thousands of dollars. We'll help you find the best option for your situation.
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Flexible repayment options: Choose a loan term and repayment structure that fits your budget and lifestyle.
Frequently asked questions
Medico Loans, designed for medical professionals, offer unique advantages:
Competitive interest rates: Tailored rates often lower than standard mortgages, recognizing the financial demands of medical careers.
Lower Deposit Requirement: Medico Loans often allow doctors, dentists, and other medical professionals to qualify with deposits as low as 5%, compared to the standard 20% for regular mortgages. This can significantly ease the financial burden of buying a property early in your career.
While requirements vary slightly based on the lender, typical documents include:
Employment verification: Recent payslips or tax returns.
Medical qualifications and licenses: Proof of your professional status.
Loan application forms: Filled out with accurate information.
Additional documents: Based on your individual circumstances, the lender may request further documentation.