- Granite Home Loans LMI Waiver can only be accessed through accredited mortgage brokers (eg: Eden Emerald Mortgages).
- A wide variety of professionals and essential workers are eligible for LMI Waivers at Granite Home Loans (see full list here).
- You can borrow up to 95% LVR with No LMI as a professional, or 90% LVR with No LMI as an essential worker.
- There is no requirement for minimum annual income.
Granite Home Loans is a specialist lender offering home loans with LMI waivers for a wide range of professionals and essential workers. This allows eligible borrowers to purchase a home with as little as 5% deposit, without the added cost of LMI - making homeownership more accessible for first-home buyers.
To access Granite Home Loans' LMI waiver products, you’ll need to work with a qualified mortgage broker. Eden Emerald Mortgages is an experienced mortgage broker that works closely with Granite Home Loans to help eligible buyers secure No LMI home loans. If you're ready to start your home loan application or want more details about LMI waivers at Granite, simply fill out the form below. EE Mortgages' services are completely free to you (they receive a commission from the lender), so there is no downside to using their assistance.
Speak to an Expert and Waive Your LMI
To receive free guidance throughout your home loan process, including expert advice and recommendations on LMI Waivers, we recommend speaking to Shaun by filling out the form below.
Shaun is an experienced mortgage broker from EE Mortgages who will call you to discuss your situation free of charge. You can also call him on (02) 9188 9398.
Granite Home Loans LMI Waiver: Which Professions are Eligible?
Maximum LVR
95%
Eligible Professions
Nurses
Important Information
- Borrow up to $1 million at 95% LVR (only for nurses with uni degree)
- Borrow up to $1.5 million at 90% LVR
- Borrow up to $2 million at 85% LVR
- No minimum annual income required
- Only $5,000 genuine savings needed
- Maximum 28 yrs loan term (Principal & Interest)
- Owner-occupied (new or existing property)
- Can be investment property when borrowing up to 85% LVR
- Offset account available
- Borrower must be Australian citizen or permanent resident
Maximum LVR
95%
Eligible Professions
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
Important Information
- Borrow up to $1 million at 95% LVR
- Borrow up to $1.5 million at 90% LVR
- Borrow up to $2 million at 85% LVR
- No minimum annual income required
- No genuine savings needed
- Maximum 28 yrs loan term (Principal & Interest)
- Owner-occupied (new or existing property)
- Can be investment property when borrowing up to 85% LVR
- Offset account available
- Borrower must be Australian citizen or permanent resident
- You must be a uni-degree qualified healthcare worker
Maximum LVR
95%
Eligible Professions
Solicitors, Barristers, Judges, Partners, Magistrates
Important Information
- Borrow up to $1 million at 95% LVR
- Borrow up to $1.5 million at 90% LVR
- Borrow up to $2 million at 85% LVR
- No minimum annual income required
- No genuine savings needed
- Maximum 28 yrs loan term (Principal & Interest)
- Owner-occupied (new or existing property)
- Can be investment property when borrowing up to 85% LVR
- Offset account available
- Borrower must be Australian citizen or permanent resident
- You must be a uni-degree qualified legal professional
Maximum LVR
95%
Eligible Professions
Chartered Accountants, Certified Practicing Accountants, Auditors, Actuaries
Important Information
- Borrow up to $1 million at 95% LVR
- Borrow up to $1.5 million at 90% LVR
- Borrow up to $2 million at 85% LVR
- No minimum annual income required
- No genuine savings needed
- Maximum 28 yrs loan term (Principal & Interest)
- Owner-occupied (new or existing property)
- Can be investment property when borrowing up to 85% LVR
- Offset account available
- Borrower must be Australian citizen or permanent resident
- You must be a uni-degree qualified accountant, auditor or actuary
Maximum LVR
90%
Eligible Professions
High School Teachers, Primary School Teachers
Important Information
- Borrow up to $1.5 million at 90% LVR
- Borrow up to $2 million at 85% LVR
- No minimum annual income required
- Only $5,000 genuine savings needed
- Maximum 28 yrs loan term (Principal & Interest)
- Owner-occupied (new or existing property)
- Can be investment property when borrowing up to 85% LVR
- Offset account available
- Borrower must be Australian citizen or permanent resident
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
Important Information
- Borrow up to $1 million at 95% LVR
- Borrow up to $1.5 million at 90% LVR
- Borrow up to $2 million at 85% LVR
- No minimum annual income required
- No genuine savings needed
- Maximum 28 yrs loan term (Principal & Interest)
- Owner-occupied (new or existing property)
- Can be investment property when borrowing up to 85% LVR
- Offset account available
- Borrower must be Australian citizen or permanent resident
- You must be a uni-degree qualified engineer
Maximum LVR
95%
Eligible Professions
Veterinarians, General Practitioners, Specialists, Surgeons, Locums, Interns, Residents
Important Information
- Borrow up to $1 million at 95% LVR
- Borrow up to $1.5 million at 90% LVR
- Borrow up to $2 million at 85% LVR
- No minimum annual income required
- No genuine savings needed
- Maximum 28 yrs loan term (Principal & Interest)
- Owner-occupied (new or existing property)
- Can be investment property when borrowing up to 85% LVR
- Offset account available
- Borrower must be Australian citizen or permanent resident
- You must be a uni-degree qualified veterinarian
Maximum LVR
90%
Eligible Professions
State Police Officers, Federal Police Officers, Firefighters, Paramedics
Important Information
- Borrow up to $1 million at 95% LVR (for paramedics with uni degree)
- Borrow up to $1.5 million at 90% LVR
- Borrow up to $2 million at 85% LVR
- No minimum annual income required
- Only $5,000 savings needed
- Maximum 28 yrs loan term (Principal & Interest)
- Owner-occupied (new or existing property)
- Can be investment property when borrowing up to 85% LVR
- Offset account available
- Borrower must be Australian citizen or permanent resident
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
Important Information
- Borrow up to $1 million at 95% LVR
- Borrow up to $1.5 million at 90% LVR
- Borrow up to $2 million at 85% LVR
- No minimum annual income required
- No genuine savings needed
- Maximum 28 yrs loan term (Principal & Interest)
- Owner-occupied (new or existing property)
- Can be investment property when borrowing up to 85% LVR
- Offset account available
- Borrower must be Australian citizen or permanent resident
- You must be a uni-degree qualified IT professional
Maximum LVR
95%
Eligible Professions
Executives, Senior Managers, Directors
Important Information
- Borrow up to $1 million at 95% LVR
- Borrow up to $1.5 million at 90% LVR
- Borrow up to $2 million at 85% LVR
- No minimum annual income required
- No genuine savings needed
- Maximum 28 yrs loan term (Principal & Interest)
- Owner-occupied (new or existing property)
- Can be investment property when borrowing up to 85% LVR
- Offset account available
- Borrower must be Australian citizen or permanent resident
How to Apply for LMI Waiver at Granite Home Loans
To apply for a Granite Home Loans LMI waiver, simply follow these steps:
- Check Eligibility: Find out if you are eligible, based on your profession, deposit amount, and desired loan amount. It is a good idea to speak to a mortgage broker who can help you determine eligibility, as well as guide you through the entire process.
- Speak to a Mortgage Broker: To access Granite Home Loans, you need to use a broker, as they do not work directly with the public. EE Mortgages is an experienced broker who is accredited to work with Granite Home Loans. They will liaise with Granite Home Loans on your behalf
- Submit Documents: Provide any documents that are requested, such as proof or employment, relevant certification or registration for your profession, pay slips, bank statements and tax returns.
- Receive Confirmation: If you are approved, Granite Home Loans will waive your LMI, and you can borrow more than 80% LVR without having to pay any LMI costs.
Frequently Asked Questions
Granite Home Loans is a mortgage manager under Origin, the wholesale distribution channel within Columbus Capital. Columbus Capital, an Australian-owned non-bank lender, is one of the leading players in the market, managing $7.1 billion in assets. Founded in 2006, Columbus Capital has a management team with over 20 years of experience in mortgage origination and servicing.
There are several banks and lenders that waive LMI, including ANZ, BOQ, CBA, Granite Home Loans, Macquarie Bank, NAB, St. George and Westpac. To see the full list, read this article.
At Granite Home Loans, you can waive LMI for investment properties as long as you borrow up to a maximum of 85% LVR. If you wish to borrow more, you may need to check other lenders here.
Yes, teachers can waive LMI with Granite Home Loans as well as Bank First.
Use a Mortgage Broker to Waive LMI
In order to waive your LMI at Granite Home Loans, you need to use the services of a mortgage broker. If you work with EE Mortgages, they do not charge any fee to you (instead, they are paid commission by the lender). They will help you apply for an LMI waiver at Granite Home Loans, and guide you through the whole home loan process. If you don't qualify at Granite Home Loans, or if it is not the right lender for you, they can also compare 40+ other lenders to secure the best interest rates and maximise your borrowing power.
To get started or even just to answer some questions, fill out the form below or call them on (02) 9188 9398.
Speak to an Expert and Waive Your LMI
To receive free guidance throughout your home loan process, including expert advice and recommendations on LMI Waivers, we recommend speaking to Shaun by filling out the form below.
Shaun is an experienced mortgage broker from EE Mortgages who will call you to discuss your situation free of charge. You can also call him on (02) 9188 9398.