Buy With Less Deposit. Pay Zero LMI.
Whether you have 5% or 10% deposit, an LMI waiver could save you $10,000 to $60,000+. Find the right option for your situation.
Free • 60 seconds • No credit check
Compare Options
Choose Your Deposit Scenario
Each option removes LMI from your home loan — the right one depends on your deposit size and profession. If you're not sure what LMI is or why it matters, start with our guide to understanding Lenders Mortgage Insurance.
90% LVR No LMI
10% depositBorrow 90% LVR with no Lenders Mortgage Insurance. Save $8,000 to $35,000+ with a 10% deposit. 20+ lenders for qualifying professionals. Free eligibility check.
10%
Deposit needed
$0
LMI cost
Save up to $35,100 on a $1,500,000 property
95% LVR No LMI
5% depositMedical professionals and select occupations can borrow 95% LVR with zero LMI. Save $20,000 to $60,000+. Compare lenders and check eligibility free in 60 seconds.
5%
Deposit needed
$0
LMI cost
Save up to $85,500 on a $2,000,000 property
5% Deposit No LMI
5% depositEvery way to buy a home with 5% deposit and zero LMI in 2026. Compare the First Home Guarantee vs professional LMI waivers for doctors, lawyers, accountants and more.
5%
Deposit needed
$0
LMI cost
Save up to $60,500 – $71,250 on a $1,500,000 property
85% LVR No LMI
15% depositBorrow 85% LVR with no LMI. 30+ lenders, 15% deposit, savings of $4,000 to $19,000+. Compare professional waivers vs direct lender products. Free eligibility check in 60 seconds.
15%
Deposit needed
$0
LMI cost
Save up to $18,700 on a $1,500,000 property
10% Deposit No LMI
10% depositBuy a home with just 10% deposit and pay zero LMI. Professionals save $8,000 to $35,000+. Compare 20+ lenders, check eligibility in 60 seconds.
10%
Deposit needed
$0
LMI cost
Save up to $35,100 on a $1,500,000 property
15% Deposit No LMI
15% depositBuy your home with a 15% deposit and pay zero Lenders Mortgage Insurance. The widest lender choice, best rates, and maximum flexibility for qualifying professionals.
15%
Deposit needed
$0
LMI cost
Save up to $18,700 on a $1,500,000 property
Side by Side
How Do the Options Compare?
See how different deposit levels stack up when it comes to LMI costs and lender availability. You can calculate your exact LMI savings based on your property price and deposit. Lending standards in Australia are influenced by the Reserve Bank of Australia's monetary policy settings.
| 5% Deposit 95% LVR | 10% Deposit 90% LVR | 15% Deposit 85% LVR | 20% Deposit 80% LVR | |
|---|---|---|---|---|
| Deposit required | 5% | 10% | 15% | 20% |
| LVR | 95% | 90% | 85% | 80% |
| LMI cost (without waiver) | $17K–$60K+ | $8K–$35K | $4K–$19K | $0 |
| LMI with waiver | $0 | $0 | $0 | N/A |
| Lenders available | Select lenders | 20+ lenders | 30+ lenders | All lenders |
| Best for | Medical professionals | Most professions | Best rates & flexibility | Anyone |
Who Qualifies?
Professions Eligible for LMI Waivers
LMI waivers are available to professionals in approved occupations including doctors, lawyers, accountants, engineers, nurses, teachers, police officers, dentists, and more. The deposit options above apply to all qualifying professions.
We compare 50+ lenders to find the best deposit option for you
Not Sure Which Option Is Right for You?
Check your eligibility in 60 seconds and we'll match you with the best deposit option and lender for your situation.
Free • 60 seconds • No credit check
The information on this page is general in nature and does not constitute financial advice. LMI waiver eligibility, deposit requirements, and savings estimates vary between lenders and are subject to individual assessment. Figures shown are indicative only. Always obtain personalised advice before making financial decisions.