Home Loans for Pharmacists

Pharmacists, as highly trained and trusted healthcare professionals, often receive special benefits when applying for home loans. Due to their stable income and low-risk financial profile, many lenders offer pharmacists exclusive advantages, including the potential to waive Lenders Mortgage Insurance (LMI). This means pharmacists can secure a home loan with less than a 20% deposit, saving them tens of thousands of dollars in upfront costs and making the home-buying process more accessible.

In addition to LMI waivers, pharmacists may also enjoy higher borrowing limits and competitive interest rates, depending on the lender. These benefits are particularly useful for both first-time home buyers and those looking to expand their property investments. With a secure career path and reliable income, pharmacists are viewed favourably by lenders, allowing them to access flexible home loan options and build wealth through property without the typical financial barriers.

  • Borrow up to 95% of the property value with No LMI (Lenders Mortgage Insurance)
  • Waive LMI on home loans up to $5 million
  • Can purchase a Principal Place of Residence or investment property
  • Lower interest rates, discounted for pharmacists

Speak to an Expert and 

Get Your Mortgage Approved

To get started on your journey of securing a home loan, fill in the form below, and an experienced mortgage broker will contact you about your personal situation. You can also call us directly on (02) 9188 9398.

Shaun Bettman

#1 Mortgage Broker

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How Much Can Pharmacists Borrow?

Borrow up to 95% of the property value with NO LMI

Pharmacists in Australia can borrow up to 95% of a property’s value without needing to pay Lenders Mortgage Insurance (LMI). This is especially beneficial for pharmacists who are First Home Buyers and may not have saved a full 20% deposit. By avoiding LMI, pharmacists can enter the property market sooner and save a significant amount of money in upfront costs, making homeownership more achievable.

Additionally, this benefit extends to pharmacists looking to grow their property investment portfolio. With the ability to borrow up to 95% of a property’s value, pharmacists can leverage the equity in their existing home to invest in additional properties without requiring a large upfront deposit. Many lenders do not impose a minimum income requirement for this option, making it accessible to pharmacists even in the early stages of their careers, providing them with more flexibility in building long-term wealth through real estate investments.

Which Professions are Eligible?

All types of medical professionals are eligible for home loans with waived LMI, including:

If you are unsure whether you are eligible, contact us and we can help you with your situation. Even if you do not qualify for a home loan with waived LMI, we can help you find the best mortgage for your needs.

Important Info about

Home Loans for Pharmacists

  • You must be currently employed as an pharmacist and not on probation
  • You or your partner must be an Australian citizen or permanent resident to qualify
  • No minimum income requirements
  • LMI can be waived on loans up to $5 million
  • Borrow up to 95% LVR with No LMI
  • You can purchase a home to live in, or an investment property
  • Your partner does not need to be an pharmacist

How Much Money Do I Save?

By avoiding LMI, you save tens of thousands of dollars, but the exact amount will depend on various factors including your loan amount and the LVR. We have found that most pharmacists secure loans with 95% LVR, so we have included a table below with the estimated LMI savings based on different property values and 95% LVR.

Property Value

Loan Amount

(95% LVR)

Lenders Mortgage Insurance

Saved

LMI

Saved

$500,000

$475,000

$15,752

$750,000

$712,500

$30,394

$1,000,000

$950,000

$38,739

$1,250,000

$1,187,500

$52,985

$1,500,000

$1,425,000

$63,724

$1,750,000

$1,662,500

$81,249

$2,000,000

$1,900,000

$92,967

$2,250,000

$2,137,500

$109,976

$2,500,000

$2,375,000

$122,286

$2,750,000

$2,612,500

$134,596

$3,000,000

$2,850,000

$146,906

$3,500,000

$3,325,000

$171,483

$4,000,000

$3,800,000

$195,980

$4,500,000

$4,275,000

$220,478

$5,000,000

$4,750,000

$244,975

We Help Pharmacists with their

Home Loans

At Eden Emerald Mortgages, we deliver a superior lending experience by combining deep industry knowledge, effective communication, and genuine care, while helping pharmacists buy property.

With over 40 years of collective expertise, our team offers competitive rates and a broad array of No LMI loan products through a strategic network of over 40+ lending partners for residential borrowers.

What We Offer

Lowest Rates Possible

We have a close partnership with over 40+ lenders, which means we can access special interest rates that are only available for pharmacists. This is lower than any rates you will find by approaching the lenders yourself, and with our expertise, we can quickly find you the best home loan product for your circumstances. 

Waived LMI

We are able to waive the LMI (Lenders Mortgage Insurance) on your home loan when you borrow up to 95% of your property value. This is around $50,000 saved on the median house price in Australia. Under certain situations with very stringent lending criteria, it is even possible to borrow at a 100% LVR.

Educational Resources

We help you with any questions you have, and provide you with useful resources to navigate the loan process. Whether you are ready to secure a home loan today, or just want to learn more before proceeding, you can book a free call with our friendly team, with no obligation to use our services.

Why Choose

EE Mortgages?

Eden Emerald Mortgages is the #1 mortgage broker in Sydney, as rated by the Canberra Times. Our team specialises in mortgages for pharmacists and we have particular expertise with high LVR loans with No LMI. We have been in business since 2007 and secured hundreds of loans for pharmacists. We offer our friendly, personalised services and advice at no cost at all, with no obligation to continue with us.

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  • We partner with over 40+ lenders to find you the best rates on your home loan, with up to 100% LVR and No LMI
  • Receive free friendly and personalised support from our experienced team, with no obligation
  • We have been in business for over 17 years and we know pharmacist home loans better than anyone else
  • 100% free service with no hidden fees
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What Our Customers Say

Since Eden Emerald Mortgages began operations in 2007 we have helped thousands of Australians secure a mortgage. See what some of our satisfied customers say about us below.

Useful Calculators

Everyone's financial circumstances are different, which is why it is hard to know how much you can borrow or what price range to start house hunting. At Eden Emerald Mortgages, we offer free calculators that can assist you whether you are buying a new home or refinancing an existing property. Our most popular calculators are listed below, and you can see the full range of calculators here.

Frequently Asked Questions

How much does EE Mortgages charge?

Eden Emerald Mortgages does not charge any fees to you for using our services. From your first call to the settlement date of your property, there are no costs involved! 

How can I book a free appointment?

If you would like to book a free appointment with us, simply call us on (02) 9188 9398 or leave us a message via the Contact Form.

Do I need to meet in person?

Eden Emerald Mortgages has embraced technology, making it much more convenient for you to speak with us. We can communicate via phone, email and video call to eliminate the need for you to meet in person.

What lenders does EE Mortgages work with?

EE Mortgages has access to more than 40+ lenders including the big 4 banks and various 2nd tier lenders. We have close relationships with our partners which enables us to negotiate the best rates for your home loan.

How quickly can I get home loan pre-approval?

We pride ourselves on being efficient and quick with our services, and pre-approval can be received in 24 hours depending on the lender of choice. This is also dependant on whether you have all your documents in order. It is a good idea to allow up to 5 business days for pre-approval of your home loan.

How much can I borrow?

We can help you determine your borrowing capacity after we ask you some questions and receive financial documents. In the meantime, you can estimate the amount you can borrow using our borrowing power calculator.

Speak to an Expert and 

Get Your Mortgage Approved

To get started on your journey of securing a home loan, fill in the form below, and an experienced mortgage broker will contact you about your personal situation.

Name*
Email*
Phone
Loan Amount*
Message*
0 of 350

Shaun Bettman

#1 Mortgage Broker

Name*
Email*
Phone
Loan Amount
Message
0 of 350