How to Access

LMI Waivers and

Who is Eligible?

LMI adds thousands to the cost of buying a home if your deposit is under 20%. The good news it that you can avoid LMI if you are a First-Home Buyer or work in a certain industry. At LMI Waiver, we help you understand who qualifies for an LMI waiver, which banks waive LMI, and how to apply.

Do you Qualify?

List of Borrowers who are Eligible for LMI Waivers

   Accountants

Maximum LVR 

90 - 95%

Eligible Professions

Chartered Accountants, Certified Practicing Accountants, Auditors, Actuaries

Which Lenders?

ANZ, Bank of MelbourneBankSACBAGranite Home Loans, St. GeorgeWestpac

   Education Professionals

Maximum LVR 

90%

Eligible Professions

Employees of the following organisations: Government Schools, Non-Government Schools, Catholic Schools, Universities, TAFEs, Preschools, Kindergartens, Child Care Centres, Family Day Care Australia, Education Unions, Department of Education and Training, Private Colleges

Which Lenders?

Bank First

   Emergency Services

Maximum LVR 

90%

Eligible Professions

Police Officers, Firefighters, Paramedics, Correctional Officers, Border Force Officers, Emergency Dispatchers, Search and Rescue Workers

Which Lenders?

Bank FirstBankVic, CBA, Granite Home LoansPeople's Choice

   Engineers

Maximum LVR 

95%

Eligible Professions

Aerospace Engineers, Automation Engineers, Biomedical Engineers, Chemical Engineers, Civil Engineers, Electronics Engineers, Electrical Engineers, Energy Engineers, Environmental Engineers, Geotechnical Engineers, Industrial Engineers, Marine Engineers, Materials Engineers, Mechanical Engineers, Mechatronics Engineers, Mining Engineers, Petroleum Engineers, Process Engineers, Robotics Engineers, Software Engineers, Structural Engineers, Systems Engineers, Telecommunications Engineers

Which Lenders?

Granite Home Loans

   Executives

Maximum LVR 

95%

Eligible Professions

Executives, Senior Managers, Directors

Which Lenders?

Granite Home Loans

   Finance Professionals

Maximum LVR 

90%

Eligible Professions

Finance Managers, Finance Directors, Financial Controllers, CFOs, Bank Employees 

Which Lenders?

CBA

   First-Home Buyers

Maximum LVR 

95%

Eligibility Criteria
  • 18+ years of age
  • Individual borrower or two joint applicants
  • Australian citizens or permanent residents
  • Must live in the purchased property (can't purchase an investment property)
  • Must earn less than $125,000 annually as an individual or $200,000 for joint applicants
  • Must be your first property purchase, or you have previously bought but haven't owned any property or land in Australia in the last 10 years

   Healthcare Workers

Maximum LVR 

90 - 95%

Eligible Professions

Nurses, Midwives, Optometrists, Pharmacists, Dieticians, Psychologists, Occupational Therapists, Chiropractors, Physiotherapists, Podiatrists, Osteopaths, Audiologists, Medical Imaging Professionals, Social Workers, Welfare Workers, Counsellors, Radiographers, Sonographers, Aged Carers, Disabled Carers, Massage Therapists, Paramedics

Which Lenders?

ANZBank FirstBank of MelbourneBankSABankVicBOQCBAGranite Home Loans, NABSt. GeorgeWestpac

   IT Professionals

Maximum LVR 

95%

Eligible Professions

Cloud Engineers, Cybersecurity Specialists, Data Analysts, Data Scientists, Database Administrators, IT Consultants, IT Project Managers, Network Administrators, Network Engineers, Software Developers, Software Engineers, Solutions Architects, Systems Administrators, Systems Analysts, Web Developers

Which Lenders?

Granite Home Loans

   Lawyers

Maximum LVR 

90 - 95%

Eligible Professions

Solicitors, Barristers, Judges, Partners, Magistrates

Which Lenders?

ANZ, Bank of MelbourneBankSACBAGranite Home Loans, St. GeorgeWestpac

   Medical Professionals

Maximum LVR 

90 - 95%

Eligible Professions

Doctors, Dentists, GPs, Specialists, Surgeons, Anaesthetists, Radiologists, Oncologists, Interns, Residents, Nurses, Midwives, Optometrists, Pharmacists, Dieticians, Psychologists

Which Lenders?

ANZBank FirstBank of MelbourneBankSABankVicBOQCBAGranite Home LoansMacquarie BankNABSt. GeorgeWestpac

   Teachers

Maximum LVR 

90 - 95%

Eligible Professions

High School Teachers, Primary School Teachers, School Principals, University Lecturers, University Tutors, TAFE Teachers, Child Care Workers, Special Needs Teachers, Trainers, Student Studying Education or Teaching

Which Lenders?

Bank First, Granite Home Loans

   Veterinarians

Maximum LVR 

90 - 95%

Eligible Professions

Veterinarians, General Practitioners, Specialists, Surgeons, Locums, Interns, Residents

Which Lenders?

ANZBank FirstBank of MelbourneBankSA, BOQ, NABSt. GeorgeWestpac

Useful calculators

Work out how much you can borrow

LMI Waiver provides free online calculators to help you estimate your borrowing power, monthly repayments and more. Whether you’re a first-home buyer or looking to refinance, these tools give you a quick snapshot of what you might be able to afford, helping you plan your home loan with confidence.

Once you’ve run the numbers, we recommend contacting us for a more accurate assessment. An expert mortgage broker can factor in your full financial situation, and compare LMI waivers and interest rates, ensuring you get the most accurate calculation and secure the best loan for your needs.

Find THE Information You Need

Useful Articles

HOW Can We HELP?

We provide information and expert guidance

LMI Waiver is dedicated to helping home buyers secure a mortgage without paying LMI. Our website offers a wealth of up-to-date resources, including eligibility criteria, lender policies, and expert insights on how to qualify for an LMI waiver in Australia.


If you have additional questions or need personalised assistance, our team is here to help. Simply reach out through our contact form, and an experienced mortgage broker will call you to discuss your options. At LMI Waiver, we are committed to making the home loan process smooth and stress-free by guiding you through the entire process.

who Is Eligible for LMI WaiverS?

First Home Buyers & Eligible Professionals

First Home Buyers

The First Home Guarantee allows first home buyers in Australia to purchase a home with just a 5% deposit without paying LMI. 

Professionals

Certain professions such as doctors, nurses, teachers, lawyers, engineers, accountants and others are eligible for LMI Waivers.

Which Lenders?

There are a number of banks and lenders that offer LMI Waivers based on different criteria. Click here to see a comprehensive list.

People We helped with LMI Waivers

Hear from Aussies who secured Home Loans with No LMI 

The team at LMI Waiver explained all our No LMI home loan options clearly and made sure we knew what was happening each step of the way. It was smooth, stress-free, and efficient. Thank you!

Carina J.

Teacher, Sydney

As first-home buyers, we had so many questions, and LMI Waiver was incredibly helpful. Everything about paramedic LMI waivers was explained in simple terms and we secured a loan with a 10% deposit.

Tristan M.

Paramedic, Melbourne

LMIwaiver.com was extremely helpful with finding suitable loan options for me as a registered nurse. I managed to buy a house with only 10% deposit and a low interest rate. Highly recommended!

Lara P.

Nurse, Brisbane

Let us help you with your LMI Waiver, for free!

If you need assistance with your LMI Waiver or home loan, leave your details below and an expert mortgage broker will contact you regarding your query.

about LMI WAIVER

Who We Are

At LMI Waiver, our mission is to help home buyers secure a mortgage with No LMI, saving tens of thousands of dollars. We provide expert insights, up-to-date resources, and professional guidance to navigate the complexities of LMI waivers. Whether you're a first-home buyer or an eligible professional, we make the process simple and accessible.

LMI Waiver was founded by Anthony Bowers, a seasoned mortgage expert with years of experience in the finance industry. His passion for making homeownership more affordable for Australians drives our commitment to providing the best information and support for borrowers seeking an LMI waiver.