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No LMI & Waived LMI Home Loans 

Unlock the Door to Your Dream Home with Inspire Mortgage: No LMI, No Worries!

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Medical

Chiropractors
Dentists
Doctors
Optometrists
Pharmacists
Physiotherapists
Specialist
Veterinarians
Loan-to-Value Ratio (LVR): Up to 100% of property value, with potential for more in certain cases.

Applicants must hold current registration with the Australian Health Practitioner Regulation Agency (AHPRA) and be actively practicing as a certified medical doctor.

Your AHPRA registration must be classified as general or specialist. Limited or provisional registrations may also be considered.

No minimum income threshold to apply

Legal

Barristers
Lawyers
Partners
Solicitors

Loan-to-Value Ratio (LVR): Up to 90% of property value.

Affiliation with a law firm is not a requirement.

Possession of a specific legal title (e.g., lawyer, barrister, solicitor) is not mandatory.

Applicants must hold a current and valid practicing certificate issued by the relevant legal authority.

No minimum income threshold to apply.

Financial

Actuaries
Accountants
Finance Managers
Auditors
CFOs
Directors
Partners
Financial Controllers
Loan-to-Value Ratio (LVR): Up to 90% of property value.

Membership in an accounting firm is not required.

Specific job titles like “accountant” are not a prerequisite.

A valid professional membership such as CPA or CA is mandatory.

No minimum income threshold to apply.

Nursing & Allied Health Professionals (AHPs)

Registered Nurses
Registered Midwives
Allied Health Professionals

Loan-to-Value Ratio (LVR): Up to 90% LVR with a minimum 10% deposit.

Professional Status: Must be a registered nurse/midwife.

Income Requirements: Minimum annual income of $90,000.

AHPs are registered with the Australian Health Practitioner Regulation Agency (AHPRA).

  • Understanding LMI

    Lenders Mortgage Insurance (LMI) is an insurance policy that protects lenders from financial loss if a borrower defaults on their loan. Typically, LMI is required for home loans where the borrower has less than a 20% deposit of the property’s purchase price.

  • What is an LMI Waiver

    An LMI waiver is a special provision where the lender waives the requirement for Lenders Mortgage Insurance, saving the borrower potentially thousands of dollars. This waiver is often extended to borrowers who meet specific criteria, reflecting their low-risk profile.

  • How Much You Can Save

    Property Value Loan Amount Estimated cost of LMI based on 95%Lending Ratio
    $750,000 $712,500 $30,638
    $1,500,000 $1,425,000 $70,110
    $2,500,000 $2,375,000 $132,763
    $3,500,000 $3,325,000 $185,868
    $5,500,000 $4,750,000 $265,525

  • Can other professions enjoy LMI waiver?

    You can also explore other options and apply for Guarantor Home Loans or First Home Guarantee (FHG). Sit with our specialist mortgage brokers, and let’s discuss which home loan solution fits your needs

How to apply

Unlock the potential of your profession with our No LMI and Waived LMI home loans. Contact us to find out if you’re eligible for an LMI waiver and how we can assist you in securing your property with better financial terms contact us or call (02)8089 0297.

We’d love to help you save on your loan!