Australian family outside their new home
LMI Waiver Specialists

Your Profession Could Save You $40,000 on Your Home Loan

Australian doctors, lawyers, accountants, and engineers often pay LMI without realising they don't have to. Check if your profession qualifies.

$40K+ Potential savings
50+ Lenders compared
8+ Professions qualify
See If You Qualify

Free • 60 seconds • No credit check

4.9
Google Reviews
$50M+
Saved in LMI
2,000+
Professionals Helped
50+
Lender Partners
4.9
Google Rating

We compare 50+ lenders to find you the lowest rate

Commonwealth Bank
ANZ
Westpac
NAB
Macquarie Bank
ING
Bankwest
St. George
Suncorp
Bank of Queensland
AMP
Citibank
Adelaide Bank
BankSA
RAMS
Liberty Financial
ME Bank
Firstmac
Commonwealth Bank
ANZ
Westpac
NAB
Macquarie Bank
ING
Bankwest
St. George
Suncorp
Bank of Queensland
AMP
Citibank
Adelaide Bank
BankSA
RAMS
Liberty Financial
ME Bank
Firstmac
Heritage Bank
Pepper Money
La Trobe Financial
Resimac
Virgin Money
Bank Australia
Newcastle Permanent
Teachers Mutual Bank
UniBank
BankFirst
Auswide Bank
Southern Cross Credit Union
Gateway Bank
Bluestone
Better Choice
RedZed
MKM Capital
Prime Capital
Heritage Bank
Pepper Money
La Trobe Financial
Resimac
Virgin Money
Bank Australia
Newcastle Permanent
Teachers Mutual Bank
UniBank
BankFirst
Auswide Bank
Southern Cross Credit Union
Gateway Bank
Bluestone
Better Choice
RedZed
MKM Capital
Prime Capital

Eligible Professions

LMI Waivers for Australian Professionals

Dozens of lenders offer LMI waivers to professionals in approved occupations. Find yours below.

Medical professionals who qualify for LMI waivers
Up to 95% LVR

Doctors

AHPRA-registered medical practitioners — including GPs, specialists, surgeons, and registrars — can borrow up to 95% LVR with no Lenders Mortgage Insurance.

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Legal professionals eligible for LMI waivers
Up to 95% LVR

Lawyers

Admitted legal practitioners — solicitors, barristers, partners, and in-house counsel — can borrow up to 95% LVR without paying Lenders Mortgage Insurance through select lenders.

Learn more
Accounting professionals reviewing LMI waiver options
Up to 95% LVR

Accountants

Qualified accountants — including CA, CPA, CFA, and FIAA members — can borrow up to 95% LVR without paying Lenders Mortgage Insurance.

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Engineering professionals on a construction site
Up to 95% LVR

Engineers

Qualified engineers across civil, mechanical, mining, electrical, and other disciplines can access LMI waivers up to 95% LVR with select lenders.

Learn more
Nursing professionals who qualify for LMI waivers
Up to 90% LVR

Nurses

AHPRA-registered nurses and midwives — including RNs, nurse practitioners, clinical nurse specialists, and midwives — can borrow up to 90% LVR without paying Lenders Mortgage Insurance through Westpac, St. George, and other lenders.

Learn more
Teaching professionals eligible for LMI waivers
Up to 90% LVR

Teachers

Registered teachers and educators — including primary, secondary, university, TAFE, and early childhood educators — can borrow up to 90% LVR without paying Lenders Mortgage Insurance through Bank First, Granite Home Loans, and other lenders.

Learn more
Police officers who qualify for LMI waivers
Up to 90% LVR

Police Officers

Sworn police officers — from constables to superintendents, detectives, and federal police — can borrow up to 90% LVR without paying Lenders Mortgage Insurance through BankVic, People's Choice, and other participating lenders.

Learn more
Dental professionals eligible for LMI waivers
Up to 95% LVR

Dentists

AHPRA-registered dental practitioners — including general dentists and all 13 recognised specialties — can borrow up to 95% LVR with no Lenders Mortgage Insurance.

Learn more
Health professionals eligible for LMI waivers
Up to 95% LVR

Health Professionals

AHPRA-registered allied health professionals — pharmacists, physiotherapists, optometrists, psychologists, and more — can borrow up to 95% LVR with no Lenders Mortgage Insurance through select lenders.

Learn more
Public servants who qualify for LMI waivers
Up to 85% LVR

Public Servants

Australian public servants — federal, state, and local government employees — can borrow up to 85% LVR without paying Lenders Mortgage Insurance through select lenders recognising government employment stability.

Learn more
Paramedics eligible for LMI waivers
Up to 90% LVR

Paramedics

AHPRA-registered paramedics and ambulance officers can borrow up to 90% LVR without paying Lenders Mortgage Insurance through People's Choice, Granite Home Loans, and other participating lenders.

Learn more
IT professionals who qualify for LMI waivers
Up to 95% LVR

IT Professionals

Qualified IT professionals — software engineers, data scientists, cybersecurity specialists, cloud architects, and more — can borrow up to 95% LVR without paying Lenders Mortgage Insurance through Granite Home Loans.

Learn more
Bank employees who qualify for LMI waivers
Up to 85% LVR

Bank Employees

Australian bank and financial services employees may qualify for LMI waivers borrowing up to 85% LVR with select lenders.

Learn more
Check If Your Profession Qualifies

Understanding LMI

What Is Lenders Mortgage Insurance?

Lenders Mortgage Insurance (LMI) is a one-off premium charged when you borrow more than 80% of a property's value. It can cost anywhere from $10,000 to $40,000+ depending on your loan size and deposit.

Here's the catch: LMI protects the lender — not you. You pay the cost, but you receive no benefit from it. It's a fee that exists purely because lenders see a higher-deposit loan as less risky for them.

The good news? Many Australian lenders will completely waive LMI for professionals in approved occupations — saving you thousands that can go towards your home instead.

Learn more about LMI
Illustration explaining how Lenders Mortgage Insurance works

Three Simple Steps

How to Get Your LMI Waived

Three simple steps between you and saving thousands on your home loan.

1

Check Your Eligibility

Tell us your profession and borrowing needs. Our free tool takes 60 seconds and checks your eligibility across 50+ lenders.

2

We Match You With a Lender

We compare lender policies to find the best LMI waiver for your situation — maximising your borrowing power and minimising your costs.

3

Settlement, No LMI

Your home loan settles without paying a cent in Lenders Mortgage Insurance. That's thousands of dollars saved, straight away.

Start Step 1 — Check Your Eligibility

Deposit Options

Buy With Less Deposit. Pay Zero LMI.

Whether you have 5% or 10% deposit, an LMI waiver could save you thousands.

Most Common

90% LVR — No LMI

10% deposit

The most widely available LMI waiver. Most qualifying professionals can borrow up to 90% of the property value without paying a cent in LMI.

Learn more Maximum Savings

95% LVR — No LMI

5% deposit

Available to medical professionals and select occupations. Borrow up to 95% LVR and save the most on LMI — often $20,000 to $40,000+.

Learn more First Home Buyers

5% Deposit — No LMI

Get in sooner

Don't wait years to save a 20% deposit. Qualifying professionals can buy their first home with just 5% deposit and zero LMI.

Learn more
Already paying LMI?

Refinance to Remove LMI

If you're already paying LMI on your current loan, refinancing with a lender that offers an LMI waiver for your profession could save you significant money. We'll find the best option.

See refinance options
4.9
based on Google Reviews

Professionals Who Saved Thousands

See what our clients say on Google about their LMI waiver experience.

DS

Dr. Sarah M.

2 months ago

I had no idea I could avoid LMI as a doctor. The team found a lender that waived over $25,000 in LMI on my first home. That money went straight into the renovation instead.
General Practitioner · Sydney, NSW Saved $25,400
JT

James T.

3 months ago

As a lawyer with a 10% deposit, I thought LMI was unavoidable. They matched me with a lender that waived it entirely. The process was straightforward and I settled in 3 weeks.
Solicitor · Melbourne, VIC Saved $18,200
MK

Michelle K.

1 month ago

Being a nurse, I didn't think I'd qualify for an LMI waiver. They found a lender that waived it at 90% LVR. Saved me over $15,000 — I couldn't believe it.
Registered Nurse · Brisbane, QLD Saved $15,800

Got Questions?

Frequently Asked Questions

Everything you need to know about LMI waivers for professionals.

What is an LMI waiver?
An LMI waiver is an exemption from paying Lenders Mortgage Insurance, offered by certain lenders to professionals in approved occupations. Instead of paying thousands in LMI fees when borrowing above 80% of the property value, qualified professionals can have this cost completely waived.
Which professions qualify for an LMI waiver?
Common qualifying professions include doctors, lawyers, accountants, engineers, dentists, pharmacists, veterinarians, and other medical specialists. Some lenders also extend waivers to nurses, teachers, police officers, and other professionals. Eligibility varies by lender — that's why we compare over 40 lenders to find the best match.
How much can I save with an LMI waiver?
Savings typically range from $10,000 to $40,000 depending on your loan amount, deposit size, and property value. For example, on a $800,000 property with a 10% deposit, LMI could cost over $20,000 — money that goes straight back into your pocket with a waiver.
How does the LMI waiver process work?
It's straightforward: first, check your eligibility using our free tool (takes 60 seconds). If you qualify, we match you with lenders who offer LMI waivers for your profession and borrowing needs. We handle the application and negotiation, and you settle your home loan without paying a cent in LMI.
Do I still need a 20% deposit?
No — that's the whole point. With an LMI waiver, you can borrow up to 85%, 90%, or even 95% of the property value (depending on the lender and your profession) without paying LMI. This means you could buy with as little as a 5% deposit.
Is your service free?
Yes, our eligibility check and initial consultation are completely free with no obligation. As mortgage brokers, we are paid by the lender upon settlement — not by you. Our service costs you nothing.
How long does the LMI waiver process take?
The eligibility check takes 60 seconds. Once we match you with a lender, the formal application and approval process typically takes 2-4 weeks, similar to any standard home loan application. We work to make it as fast and smooth as possible.
Can I refinance to remove LMI I've already paid?
If you're currently paying LMI as part of your loan (capitalised LMI), refinancing with a lender that offers an LMI waiver for your profession could save you significant money. We can assess your situation and find the best refinancing option.

Ready to Save Thousands on Your Home Loan?

Find out if your profession qualifies for an LMI waiver. It's free, takes 60 seconds, and there's no obligation.

Check Your Eligibility

Free • 60 seconds • No credit check