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LMI Waiver for Medical Professionals — Buy Sooner, Save Thousands

As a medical professional, you may qualify to borrow up to 90–95% of a property’s value without paying Lenders Mortgage Insurance — saving you up to $40,000 and letting you buy years sooner.

Check Your LMI Waiver Eligibility
0414 406 887
Borrow up to 90–95% LVR with no LMI

What Is an LMI Waiver — and Why Does It Matter?

Lenders Mortgage Insurance (LMI) is a cost charged by lenders when you borrow more than 80% of a property’s value. It’s designed to protect the lender — not you — and can add $15,000 to $40,000 or more to the cost of buying a home, depending on your loan size and LVR.
For most buyers, avoiding LMI means saving a 20% deposit — which in Sydney’s property market can take years. But if you’re a medical professional, you may be able to borrow up to 90–95% of the property value without paying LMI at all. This is one of the most valuable financial benefits available to doctors, dentists, nurses and other healthcare workers — and many are unaware it exists.
At Bang On Investments, we have specialist knowledge in both medicine and finance. We know which lenders offer the best LMI waiver products for each profession, and we’ll match you to the right one for your situation.
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LMI Waiver Loans

“Bang helped make the entire experience feel less painful. Their knowledge was second to none and the customer service was excellent.”

Josh R

How an LMI Waiver Works in Practice

A Real-World Example

A doctor buying a $1.2M property in Sydney with a 10% deposit ($120,000) would typically face an LMI cost of approximately $25,000–$35,000 on a standard loan. With a Medico LMI waiver, that cost is eliminated entirely — meaning the same $120,000 deposit buys the same property with no additional insurance premium.

$1.2M

Property value

10%

Deposit required

$0

LMI cost with waiver

$35,000+

Typical saving
Not sure if you qualify? Call 0414 406 887

Who Qualifies for an LMI Waiver?

LMI waiver eligibility varies by lender, but typically includes the following registered professionals:

Eligibility also depends on your income, registration status, loan amount and LVR. We’ll confirm your eligibility quickly across our panel of specialist lenders.

Not sure if you qualify? Call 0414 406 887

What Are the Conditions of an LMI Waiver?

LMI waivers for medical professionals are subject to lender-specific conditions, which typically include:

  • Borrowing up to 90% LVR (some lenders extend to 95%)
  • Purchasing a standard residential property
  • Meeting minimum income requirements
  • Being currently registered with the relevant professional body

Conditions vary between lenders — and the best available product for one profession may not be the best for another. This is where working with a specialist broker makes a real difference. We know the policies of each lender on our panel and will match you to the right one.

Discuss your conditions — call 0414 406 887

“Bang and the team were so fantastic to work with. Their professionalism made for a fantastic process and we felt supported every step of the way.”

Xanthe L

LMI Waiver FAQs

It depends on your loan size and LVR, but LMI costs typically range from $8,000 to $40,000+ for loans between $500,000 and $1.5M. An LMI waiver eliminates this cost entirely — meaning that money stays in your pocket or can go towards your deposit.

Some lenders extend LMI waivers to interns and residents, subject to criteria such as a signed employment contract and minimum income level. We know which lenders are most flexible for doctors in training — call us to check your eligibility.
Some lenders extend LMI waivers to investment purchases as well as owner-occupied homes, though conditions differ. We’ll confirm what’s available for investment purposes based on your profession and lender options.
Some lenders do extend concessions to nurses and allied health professionals, though the waiver limit may be lower than for doctors. We’ll check your eligibility across our full lender panel and tell you exactly what’s available.
It’s not automatic — you need to apply through a lender who offers it, and your broker needs to know to request it. This is one of the most common things overlooked when medical professionals go directly to a bank. We ensure every eligible client gets the benefit they’re entitled to.

Have a question about LMI waivers?

Call 0414 406 887
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Please note that every client’s situation is unique and terms and conditions apply. Contact us to initiate a full application assessment to determine an outcome.

Find Out If You Qualify Today

An LMI waiver could save you tens of thousands of dollars and get you into your home years sooner. Get in touch for a free, no-obligation eligibility check — it takes minutes and could make a significant difference.

Call 0414 406 887
Email Us
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