Skip lenders mortgage insurance with a 10% deposit
Some lenders waive LMI up to 85% or 90% LVR for eligible professionals, saving thousands. We check which lenders recognise your profession and registration.
Is this you?
- Medical and dental professionals
- Lawyers, accountants and actuaries
- Some engineers, vets and other registered professionals
- High-income earners with small deposits
What you should know
Borrowing Power Calculator
Estimate your borrowing power using the same building blocks lenders use: income after tax, living expenses, debts and the 3% serviceability buffer.
Open calculatorFigures current as at October 2026. Scheme rules and caps change; we confirm them for your situation.
Our process
Confirm eligibility
Profession, registration and income.
Compare lenders
Waiver policies and rates differ.
Pre-approve
Lock in the waiver before you shop.
Buy
With 10% deposit and no LMI.
Frequently asked
Do nurses qualify?
Some lenders extend reduced LMI or waivers to nurses and midwives at certain LVRs. Ask us for current options.
Is the rate higher with a waiver?
Not usually, but compare the whole package.
Can I use a waiver to refinance?
Sometimes, depending on the lender.
Related articles
How Much Can I Borrow? How Lenders Calculate Borrowing Power
What lenders actually look at when working out your borrowing power: income, expenses, debts, credit limits and the 3% buffer, plus ways to increase it.
The 3% Serviceability Buffer Explained
Lenders test whether you could afford your loan at a rate 3% higher than you'll pay. How APRA's serviceability buffer works and how it affects you.
Debt-to-Income Ratio and APRA's DTI Limit Explained
Your debt-to-income ratio compares total debt with income. How to calculate it, what APRA's 6x DTI limit from February 2026 means, and who it affects.
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