Doctors, nurses, accountants, lawyers and engineers have access to specialised home loan packages that eliminate LMI, reduce rates, and allow higher LVR borrowing. Most professionals never claim these benefits because their bank doesn't tell them — and most brokers don't know to ask.
If you have paid LMI on a recent purchase, you may be paying a "professional tax." LMI waivers exist for your profession — but only if you know to ask and know which lender offers them. Adrian identifies which lenders have the best professional policies for your specific situation.
Tell us your profession — Adrian responds within 2 hours with your options.
Professional LMI waiver policies have expanded significantly in 2026. More professions qualify than ever before — and income thresholds at many lenders have been reduced or removed entirely. Here's where each profession stands.
GPs, surgeons, anaesthetists, physicians, psychiatrists and all registered medical specialists. One of the strongest professional packages available in Australia.
Dentists, orthodontists, oral surgeons and prosthodontists. Policy varies by lender — some extend the 95% LVR benefit available to medical doctors, others cap at 90%.
Registered nurses and registered midwives employed by a hospital. A significant policy expansion since 2024 — nurses were historically excluded from professional LMI waivers but are now eligible at select major banks.
Chartered Accountants (CA), CPAs, CFAs, FIAA members, auditors, actuaries and CFOs. Some lenders removed income minimums in 2026 for accredited members with strong credit histories.
Solicitors, barristers, judges and magistrates. Most major banks include legal professionals in their professional packages — and some have removed income thresholds for practitioners with strong credit profiles in 2026.
Civil, structural, electrical and mechanical engineers are now widely eligible in 2026 after being upgraded to Tier 1 status at many lenders. Allied health professionals (physiotherapists, chiropractors, optometrists, pharmacists) also qualify at select lenders.
Lenders Mortgage Insurance protects the bank — not you — in case you default on your loan. As a borrower, you pay this premium upfront (or capitalised into the loan), and it can cost anywhere from $8,000 to over $45,000 depending on your loan size and LVR.
The professional waiver eliminates this cost entirely. A doctor purchasing a $900,000 property with a 10% deposit saves approximately $24,000 in LMI that a standard borrower in the same position would pay. That saving can instead sit in an offset account, reducing interest from day one.
Beyond LMI, professional packages also typically include a rate discount of 0.10–0.20% below the standard variable rate — on a $700,000 loan, that additional saving alone adds up to $1,400–$2,800 per year.
One important note: LMI waiver policies, eligible professions, income thresholds and maximum LVRs change frequently. The figures below are indicative. Adrian checks current lender policies at the time of your assessment to confirm exactly what's available for your profession and loan size.
Indicative estimates based on typical LMI premium rates. Actual LMI costs depend on lender, loan amount, LVR, and LMI provider. Not a quote — speak to Adrian for a figure specific to your situation.
Borrow up to 90–95% LVR without paying the LMI premium that standard borrowers pay — saving $15,000–$45,000 upfront that can instead sit in your offset account.
Professional packages typically include a rate discount of 0.10–0.20% below the standard variable rate. On a $700,000 loan that's $700–$1,400 per year — compounded over 30 years.
Standard borrower assessment typically shades overtime by 20–30%. Professional packages at eligible lenders accept 100% of overtime, shift allowances, and on-call payments — increasing your borrowing capacity.
Most lenders extend the professional LMI waiver to investment properties — allowing eligible professionals to build a property portfolio with a 10% deposit and no insurance cost on each purchase.
This table summarises the current professional LMI waiver landscape in 2026 across major lenders. Individual lender policies vary — some offer better terms for specific professions. Adrian compares the full panel to find the best match for your profession, income, and loan size.
A partner who is not a professional does not disqualify you. As long as one applicant qualifies and holds a significant share of the income or equity, most lenders will apply the waiver to the full joint loan.
Adrian reviews your profession, income, membership status, and intended loan to confirm which lenders offer the best professional package for your specific situation. Some lenders suit certain professions better than others.
Adrian compares the full professional package — not just LMI waiver, but rate discount, income assessment policy, offset features, and any investment property eligibility. The best package for a doctor may not be the best package for an accountant.
Adrian submits your application with the professional waiver applied, ensuring it's confirmed at pre-approval stage — not after you've committed to a purchase. The LMI waiver should be locked in writing before you exchange contracts.
At settlement, the LMI premium is absent from your loan — it's simply not charged. The saving goes straight into your loan balance and can be directed to your offset account from day one, reducing interest immediately.
Not sure if you qualify? Call Adrian directly on 0411 747 956.
0411 747 956Book a free assessment with Adrian. He'll confirm your LMI waiver eligibility, identify the lender with the best professional package for your situation, and calculate exactly how much you'll save compared to a standard loan — within 2 hours of your enquiry.