What Is the Medico Package?
The Medico Package is a preferential home loan policy offered by major Australian banks and lenders specifically for registered healthcare professionals. It allows eligible borrowers to access loans at up to 90-95% LVR with Lenders Mortgage Insurance (LMI) entirely waived — a saving of $20,000 to $50,000+ on a Sydney property purchase.
To qualify, you must be registered with AHPRA (or the relevant state veterinary board) under an eligible profession with Generalist or Specialist registration. John Pierre Saliba at Lend & Loan specialises in medico lending and can confirm your eligibility, compare lenders, and structure your application for first-pass approval.
Eligible Professions — Select Your Profession Below
Each profession has a dedicated page with full eligibility detail, FAQs, and tailored lending information:
General Practitioners (GPs)
Group 1 — Full LMI WaiverGPs with AHPRA Generalist registration access 95% LVR with LMI waived.
Read More → 🦷Dentists
Group 1 — Full LMI WaiverAHPRA 'Dentist' division only. Associates, practice owners & principals.
Read More → 🔬Medical Specialists
Group 1 — Full LMI WaiverSurgeons, cardiologists, anaesthetists, psychiatrists & all AHPRA specialists.
Read More → 💪Physiotherapists
Group 2 — LMI WaiverAHPRA-registered physios — employed and practice-owning.
Read More → 🦴Chiropractors
Group 2 — LMI WaiverAHPRA-registered chiropractors including self-employed practice owners.
Read More → 👁️Optometrists
Group 2 — LMI WaiverRetail, independent, and practice-owning optometrists with AHPRA registration.
Read More → 🐾Veterinarians
Group 2 — LMI WaiverVets registered with the relevant state veterinary board — often overlooked but fully eligible.
Read More →⚠ Ineligible Professions
The following healthcare professions are not eligible for the Medico Package — lenders have specifically excluded them from this policy:
If your profession is listed above, we can still help — speak with us about alternative low-deposit strategies including guarantor loans and the First Home Guarantee.
Medico Package vs Standard Home Loan — What's the Difference?
| Feature | Standard Borrower | Medico Package Eligible |
|---|---|---|
| LMI at 90% LVR | ✘ LMI payable (~$15K–$30K) | ✔ LMI waived |
| LMI at 95% LVR | ✘ LMI payable (~$35K–$50K) | ✔ LMI waived |
| Minimum deposit for no LMI | 20% ($300K on $1.5M property) | 5% ($75K on $1.5M property) |
| Income assessment | Standard | Medico-aware — some lenders more generous |
| Complex income structures | May be penalised | Experienced lenders understand specialist income |
Frequently Asked Questions
Which medical professionals qualify for LMI-free home loans?
Do nurses qualify for the Medico Package?
How much LMI can a medical professional save?
Is the Medico Package available from all lenders?
Can self-employed medical professionals access the Medico Package?
Your Sydney Medico Lending Specialist
Advanced Diploma in Financial Planning · MFAA Accredited Member
Australian Credit Licence: 511092 · 10 Years Experience · 77 × 5-Star Reviews
John has structured home loans for healthcare professionals across Sydney — from GP practice owners in the inner west to surgeons in the eastern suburbs. Understanding how lenders assess medical incomes, complex practice structures, and medico eligibility requirements is a core part of what we do at Lend & Loan.
With access to 50+ lenders and deep knowledge of medico lending policy, we ensure your Medico Package eligibility is correctly applied and your application is matched to the lender most likely to approve it on first pass.
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