LMI Waiver for Professionals

LMI Waiver for Professionals List

The professions that are available for LMI waivers can be divided into several categories, which are listed in the table below. Click on your profession to view detailed information, including the specific roles that qualify.

Receive Free Guidance when applying for LMI Waiver

Professions such as medical practitioners, lawyers, and accountants often have access to LMI waivers from multiple lenders, each with distinct eligibility requirements and loan offerings. Engaging an experienced mortgage broker who specialises in No LMI home loans is a wise decision, as they can simplify the process by explaining the differences between lenders, helping you compare rates, and identifying the most suitable option for your needs.

Certain lenders, such as Granite Home Loans, operate exclusively through brokers, making it essential to consult one to access their specialised LMI waivers. Our #1 recommended mortgage broker is Eden Emerald Mortgages, who are extremely knowledgable with LMI Waivers. Their services are 100% free for you to use (they get paid a commission by the lender) and they will guide you through the entire home loan process, making it a smooth journey.

LMI Waiver for Professionals - Breakdown by Category

Medical Professionals

Medical professionals are among the most frequently approved for Lenders Mortgage Insurance (LMI) waivers in Australia. Their high earning potential, stable employment, and essential role in society make them low-risk borrowers, making lenders more likely to offer LMI waivers. Here are the medical professionals commonly eligible for these waivers:

• Doctors: This group includes general practitioners (GPs), specialists, and surgeons, all of whom benefit from stable demand and high-income potential.
• Registered Nurses: Nurses, midwives, and dental nurses, as well as Mothercraft and midwifery professionals, often qualify due to their critical roles in healthcare and steady employment opportunities.
• Dentists: Dentists and dental specialists are typically eligible, supported by their high earning capacity and consistent demand for dental services.
• Optometrists and Orthoptists: Professionals in eye care, including optometrists and orthoptists, are also eligible given their specialised expertise and stable income.
• Pharmacists: Pharmacists working in retail, hospital, or other settings are included, as their profession is considered reliable and in demand.
• Medical Specialists: Specialists such as anaesthetists, radiologists, and oncologists frequently qualify due to their high earning potential and critical roles in healthcare.

Healthcare Workers

In addition to medical professionals, many healthcare workers in diverse roles are also eligible for Lenders Mortgage Insurance (LMI) waivers. These waivers recognise the stable income and essential contributions of healthcare professionals, making homeownership more accessible for them. Here is a comprehensive list of eligible healthcare workers:

• Health and welfare service managers
• Nurse educators and researchers
• Nurse managers
• Nursing support and personal care workers
• Dieticians
• Occupational Therapists
• Environmental health professionals
• Pharmacists
• Chiropractors, osteopaths, physiotherapists and podiatrists
• Speech professionals
• Audiologists
• Medical imaging professionals
• Diversional therapists
• Social workers and professionals
• Welfare workers and professionals
• Counsellors
• Psychologists
• Aged carers
• Disabled carers
• Carers, aides and special care workers
• Massage therapists
• Paramedics

Legal Professionals

Legal professionals are frequently granted Lenders Mortgage Insurance (LMI) waivers, thanks to their specialised training, high earning potential, and the consistent demand for their expertise. Their roles are considered low-risk by lenders, making them prime candidates for these waivers. The eligible categories include:

• Lawyers: This includes solicitors, barristers and partners, who benefit from stable career prospects and significant earning potential.
• Judges: Judges, holding prestigious and secure positions within the judicial system, are also eligible for LMI waivers.

Engineers

Engineers in Australia are frequently granted LMI waivers due to their high demand across industries, strong earning potential, and reputation for career stability. Whether working in fields like civil, mechanical, electrical, or software engineering, these professionals are recognised for their technical expertise and problem-solving skills, making them indispensable in a variety of sectors. The consistent demand for engineers ensures a stable job market and steady income for these professionals, reducing the perceived risk for lenders. Furthermore, engineers often possess qualifications and memberships in respected industry bodies, such as Engineers Australia, which further bolsters their credibility. This combination of financial reliability, professional standing, and career resilience makes engineers attractive candidates for LMI waivers.

IT Professionals

IT professionals are often eligible for LMI waivers due to their strong earning potential, consistent demand across industries, and reputation for career stability. As technology continues to drive innovation and operational efficiency, roles such as software developers, data analysts, IT consultants, and cybersecurity specialists are highly sought after. These professionals typically enjoy stable employment opportunities, even during economic fluctuations, due to their critical contributions to business operations and digital transformation. Many IT professionals also hold certifications from globally recognised bodies, such as CompTIA or Cisco, which further enhance their credibility and appeal to lenders. With their combination of financial security, technical expertise, and industry relevance, IT professionals are regarded as low-risk borrowers, making them prime candidates for LMI waivers.

Teachers and Educational Workers

Teachers and university lecturers are commonly eligible for Lenders Mortgage Insurance (LMI) waivers, thanks to their stable employment and significant contributions to the education sector. Beyond these roles, LMI waivers may also apply to individuals employed by certain recognised education employers. These include:

• Government Schools (Primary, Secondary, Specialist)
• Non-Government Schools (Primary, Secondary, Specialist)
• Catholic Schools
• Universities
• TAFEs
• Preschools and Kindergartens
• Child Care Centres
• Family Day Care Australia
• Education Unions
• Department of Education and Training
• Private Colleges

If you work as a tutor, trainer (in a professional and education-related capacity), or are a student currently studying to become a teacher, you may also qualify for eligibility.

Emergency Services Employees

Emergency service workers, such as police officers, paramedics and firefighters, are often eligible for Lenders Mortgage Insurance (LMI) waivers. Their stable employment, critical roles in public safety, and reliable income make them low-risk borrowers in the eyes of lenders. This is a list of emergency services and related professionals that may be eligible for LMI waivers:

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

Accounting and Finance Professionals

Accounting and finance professionals are often granted Lenders Mortgage Insurance (LMI) waivers due to their financial expertise, strong earning potential, and perceived stability by lenders. The following roles are commonly eligible:

• Chartered Accountants: Professionals who are members of recognised bodies like Chartered Accountants Australia and New Zealand (CA ANZ) are frequently eligible, given their rigorous qualifications and stable career paths.
• Certified Practising Accountants (CPAs): Members of CPA Australia are highly regarded by lenders and are often granted LMI waivers due to their financial acumen and high demand in the workforce.
• Actuaries: Known for their specialised skills in risk management and financial analysis, actuaries are considered low-risk borrowers and are regularly included in LMI waiver programs.
• Finance Managers: As senior professionals overseeing corporate financial planning, budgeting, and analysis, finance managers, finance directors, financial controllers, and CFOs are viewed as stable, high-earning individuals who pose minimal risk to lenders, making them strong candidates for LMI waivers.
• Bank Employees: Employees of banks such as the Big 4, Macquarie Bank, ING, BOQ, HSBC and more, can benefit from LMI waivers due to their industry knowledge, financial discipline, and close affiliation with lenders.

Executives and Senior Managers

Executives, senior managers and directors are often granted LMI waivers due to their high-income levels, proven leadership abilities, and career stability. These individuals typically hold key decision-making roles within their organisations, demonstrating strong financial discipline and an ability to manage complex responsibilities. Their professional status reflects a lower risk profile, as they are often seen as resilient to economic fluctuations and capable of maintaining consistent earnings. Additionally, their established career trajectories and networks within industries make them attractive to lenders who value borrowers with financial acumen and reliable income streams. As a result, executives and senior managers frequently qualify for LMI waivers with up to 90% LVR.

Veterinarians

Veterinarians are frequently eligible for Lenders Mortgage Insurance (LMI) waivers, thanks to their specialised training, strong earning potential, and stable career opportunities. As trusted professionals in a consistently in-demand field, veterinarians are viewed as low-risk borrowers by lenders, making it easier for them to access these waivers. This can significantly reduce the upfront costs of purchasing a home, providing financial relief and making homeownership more attainable.

Entertainment Professionals

Entertainment professionals can access No LMI home loans for 90% LVR home loans. This is a unique category that not many people consider, but it covers a wide range of careers, including journalists, singers, actors, photographers, film directors, commentators, DJs and more. To see if you fall into this category, take a look at this informative article which explains how you qualify.

Professional Athletes

Professional athletes represent another group that is eligible for LMI waivers on home loans. Although typically viewed as high-risk borrowers, their significant future earning potential and high-profile status make them attractive clients for lenders. This unique combination not only mitigates perceived risks but also provides lenders with the added benefit of enhancing their brand image by associating with prominent individuals.

Which Banks Offer LMI Waivers in 2025?

Several Australian banks offer Lenders Mortgage Insurance (LMI) waivers to eligible borrowers, helping reduce the upfront costs of purchasing a home. Major lenders such as NAB, Westpac, ANZ, and Commonwealth Bank (CBA) are known for providing LMI waivers to certain professionals, including doctors, lawyers, accountants, and veterinarians, as well as to first home buyers under programs like the First Home Guarantee (FHBG). To see a full list of the banks that currently offer LMI waivers, click here.

Banks assess eligibility based on criteria such as profession, income level, loan-to-value ratio (LVR), and property type. Additionally, some banks may only offer LMI waivers to some professions (eg: doctors) and not others (eg: police officers). Since each lender’s policies may vary, it’s essential to consult with a mortgage broker to understand the specific requirements and benefits available. Our top choice is Eden Emerald Mortgages, who specialises in No LMI home loans, and is 100% free of charge for clients (they receive a commission from lenders). EE Mortgages will find the best lender for your profession and help you negotiate the lowest interest rates.