SOLUTIONS / LMI WAIVERS
LMI Waivers For Professionals
Eligible professionals may be able to borrow above 80% LVR without paying standard Lenders Mortgage Insurance, depending on lender policy, profession, income, registration, loan size and circumstances.
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Key Takeaway
Some eligible professionals may qualify for LMI waiver options with certain lenders, but eligibility is not guaranteed. Lender policy, profession, income, LVR, loan size, property type and overall application strength all matter.
This Page Is For
✓ Doctors buying with less than a 20% deposit
✓ Most recent payslips and employment contract
✓ Property price and deposit amount estimate
✓ HECS/HELP balance if applicable
✓ Details of any existing debts or credit card limits
What To Prepare Before Speaking With Us
Last reviewed: June 2026. LMI waiver policies vary by lender and can change without notice. Rules and lender policies can change. Confirm current eligibility before making a decision.
Related:
What Is LMI?
Lenders Mortgage Insurance, or LMI, is generally charged when a borrower has a smaller deposit and is borrowing above a certain loan-to-value ratio. LMI protects the lender, not the borrower, but it can add a significant upfront cost to purchasing property.
What Is An LMI Waiver?
Some lenders offer professional LMI waiver policies for certain occupations. These policies may allow eligible borrowers to borrow above 80% LVR without paying standard LMI. Eligibility varies by lender and can depend on profession, income, registration, employment type, loan amount, property type and credit profile.
Important: LMI waiver eligibility is not guaranteed and is always subject to lender policy and assessment.
Which Professionals May Qualify?
LMI waiver eligibility varies by lender. The following professions may qualify under certain policies, subject to income, registration and full lender assessment.
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Doctors & Medical Specialists
May access specialist lender policies depending on AHPRA registration, specialty, income and loan structure.
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Dentists
May qualify under professional lending policies, particularly where income and registration meet lender requirements.
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Lawyers
May qualify with some lenders depending on role, income, employer type and professional membership.
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Accountants
May qualify depending on professional designation, income, employment type and lender policy.
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Nurses
Some lenders may consider nurses and other medical professionals under specific policies, depending on income, role, employer and overall application strength.
LMI Waiver Eligibility By Profession
Doctor LMI Waivers
Medical professionals may have access to specialist lender policies depending on registration, specialty, income and loan structure.
Dentist LMI Waivers
Dentists may qualify under some professional lending policies, particularly where income and registration meet lender requirements.
Lawyer LMI Waivers
Lawyers may qualify with some lenders depending on role, income, employer type and professional membership requirements.
Accountant LMI Waivers
Accountants may qualify depending on professional designation, income, employment type and lender policy.
Nurse LMI Waiver Eligibility
Nurse eligibility can be lender-dependent. Some lenders may consider certain nursing or medical roles, but criteria can vary significantly.
LMI waiver policy varies by lender, changes over time, and must be confirmed at time of application. Eligibility is always subject to full assessment.
Deposit And LVR Considerations
LMI waiver eligibility often depends on the LVR at which you are borrowing. Different lenders apply different thresholds depending on profession and policy.
✓ 80% LVR — Most common LMI waiver threshold for eligible professionals
✓ 85% LVR — Available with some lenders for eligible professions
✓ 90% LVR — Available with select lenders for specific professions and income levels
✓ 95% LVR — May apply in some cases, subject to lender policy and assessment
✓ Owner-occupied — Generally broader eligibility than investment loans
✓ Investment — Some lenders extend waiver to investment, subject to policy
✓ Purchase price limits — Some lenders apply maximum purchase price caps
✓ Profession eligibility — Must meet lender-specific profession requirements
✓ Credit profile — Credit history is assessed as part of eligibility
✓ Income strength — Serviceability must meet lender requirements
Documents That May Be Required
Requirements vary by lender. The following documents are commonly requested for professional LMI waiver applications.
✓ Proof of income — payslips, tax returns or BAS statements
✓ Employment details — contract, employer letter or ABN
✓ Professional registration — AHPRA, Law Society, CPA or equivalent
✓ Identification documents
✓ Deposit or equity evidence
✓ Property details — contract of sale or valuation
✓ HECS balance if applicable
✓ Existing liability statements
Estimate Your Potential LMI
Use the LMI calculator to estimate potential LMI costs and understand whether an LMI waiver review may be worthwhile.
Free Guide
Download The Professional Lending Guide
Understand how lenders may assess professionals, LMI waivers, income, deposit and borrowing capacity.
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