LMI Waiver Home Loans
Learn how certain professions can avoid LMI entirely
Lenders Mortgage Insurance is an insurance fee that is charged when you have less than a 20% deposit. LMI protects the lender, not you, and it can potentially cost you tens of thousands of dollars.
Certain professions in the medical, legal, accounting, and a number of others depending on the lender, may be eligible to have it waived entirely.
Eligibility criteria vary significantly between lenders, some waive LMI up to 90% of the property value for eligible professions, others have different thresholds and requirements entirely. We check your profession against what's currently available across the panel and find the lender offering the best terms for your situation.
If you don't fall into an eligible profession, we'll tell you plainly and look at what other options genuinely reduce your upfront costs instead.
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Frequently Asked
Read through our FAQ’s for added information. Have other questions? Contact our team today.
It varies depending on your deposit size and loan amount, but it can potentially save tens of thousands of dollars. We calculate the specific figure for your situation.
No, policies vary significantly between lenders. We compare across our panel to find the best terms for your specific profession.
Medical, legal, and accounting professionals are commonly eligible, though criteria vary by lender. We check your specific profession against current waiver policies across our panel.
We will tell you plainly and look at other genuine ways to reduce your upfront costs, rather than pushing an option that does not apply to you.
Medical, legal, and accounting professionals are commonly eligible, though criteria vary by lender. We check your specific profession against current waiver policies across our panel.
