Home loan options for healthcare and trade professionals
Depending on your job, you may be able to have your LMI waived or improve your borrowing power. Find out what you might qualify for.
Help to get into your home sooner
LMI waiver
If you're an eligible healthcare or emergency services professional, you could get into your home sooner with as little as 5% or 10% deposit and no Lenders Mortgage Insurance (LMI)^, reducing upfront costs.
Improved borrowing power
For eligible healthcare, core building and essential trade professionals, you could boost your borrowing power by including 100% of overtime and allowances^^ in your income assessment, helping you borrow based on a more complete picture of your income.
How it works
At St.George, your profession could unlock home loan benefits that make it easier to get into the property market sooner, with potential savings on LMI or access to greater borrowing power.
Here’s how the application process works:
- Check if you’re eligible
See if your profession qualifies and that you meet the credit criteria.
- Talk to a lending specialist
They’ll confirm your eligibility and explain how these benefits may apply to you.
- Understand your borrowing capacity
We’ll look at your income, including eligible overtime and allowances.
- Provide your documents
Share payslips and other required documentation so we can assess your application.
- Submit your application
We'll review your information and assess your application in line with our lending criteria.
- Receive an outcome
We'll let you know the outcome of your application and any next steps.
Contact a home lending specialist
Book an appointment to speak with a home lending specialist to discuss your options.
Which professions are eligible?
LMI waiver
Those in the listed healthcare and emergency service professions can apply for up to 90% LVR+ with no LMI^, and must have a minimum income of $90k per year. This includes self-employed or casual professionals in these fields.
- Audiologists
- Chiropractors
- Midwives
- Occupational Therapists
- Optometrists
- Osteopaths
- Pharmacists
- Physiotherapists
- Podiatrists
- Psychologists
- Radiographers
- Registered Nurses
- Sonographers
- Speech Pathologists
- Veterinary Practitioners
No minimum income is needed for these professions, with a maximum LVR+ of up to 95%, with no LMI^.
- Dentist
- General Practitioners
- Hospital-employed Doctors (Intern, Resident, Registrar, Staff Specialist)
- Medical Specialists (as per the Medical Board of Australia)
Improved borrowing power
If you work in one of the listed professions, you could have 100% of your overtime and allowances^^ assessed as income. This doesn't include those who are self-employed.
Eligible healthcare and emergency service professionals:
- Doctors
- Front-line Ambulance Officers and / or front-line Paramedics
- Front-line Fire Officers and / or front-line Fire Fighters
- Front-line Police Officers
- Medical Imaging Professionals
- Medical Specialists
- Midwives
- Nurses
- Occupational Therapists
- Pharmacists
- Physiotherapists
- Surgeons
- Veterinarians
Eligible core building and essential trade related professionals:
- Aircraft Maintenance Engineers
- Airconditioning and Refrigeration Mechanics
- Automotive Electricians
- Cabinet and Furniture Makers
- Carpenters and Joiners
- Electrical Distribution Trades Workers
- Electricians
- Glaziers
- Metal Fitters and Machinists
- Motor Mechanics
- Panel beaters
- Plumbers
- Surveyors and Spatial Scientists
- Vehicle Painters
Frequently asked questions
Yes, this can apply across variable and fixed home loans whether you’re buying to live in or invest. Learn more about our loans:
Keep exploring
Options & features
Book an appointment
Pick a time and place that suits you to talk to a home loan specialist.
Important information
Conditions, credit criteria, fees and charges apply. Based on St.George's credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it's best to read the terms and conditions.
Loan Accounts - Charges for specific services and accounts (PDF 147KB)
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.
+LVR stands for the initial loan to value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.
^ LMI waiver up to 90% LVR (min 10% deposit) for registered nurses and registered midwives earning a minimum annual income of $90,000. LMI waiver up to 95% LVR (min 5% deposit) may also apply to listed medical practitioners.
^^ PAYG Plus 100% Non-base Income (overtime and allowances): Available for eligible healthcare, emergency services, core building and other essential trade related roles as outlined in the details on our website. Not available for office-based emergency services staff and self-employed. To assess the non-base income, income evidence must be with the same employer for a minimum of 6 months. Where this requirement is not met, applications may still be referred for consideration.