Professional LMI Waiver Sydney

Doctors, dentists, lawyers, accountants and other eligible professionals can borrow up to 90–95% LVR with zero LMI. Profession-based waivers across 50+ lenders.

✓ Up to 95% LVR ✓ Zero LMI ✓ All eligible professions ★ 80+ five-star reviews

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Professional Waiver

Max LVR90–95%

LMI payable$0

Min deposit5–10%

LMI saving (est.)$15K–$50K+

Lenders on panel50+

Our fee to you$0 (Free)

Last updated: October 2026 · Reviewed by John Pierre Saliba, Director and Mortgage Broker, MFAA Accredited

Profession-Based LMI Waivers

Certain lenders waive LMI for borrowers in high-income professional occupations, recognising that professionals have lower default risk, stable income and strong long-term earning potential. Profession-based waivers allow eligible borrowers to purchase with 5–10% deposit and pay zero LMI.

John's lending insight

Profession-based LMI waivers are one of the most valuable and underutilised concessions in lending. A doctor buying their first home with a 10% deposit would pay $28,000+ in LMI at most lenders, at a professional-waiver lender, that's $0. The profession list, LVR cap and minimum income requirements vary by lender, matching the right lender to your profession is exactly where broker expertise matters.

Eligible Professions (Typical)

Medical
Medical practitioners, GP, specialist, surgeon, dentist, veterinarian, pharmacist, optometrist, physiotherapist, chiropractor

Legal
Barrister, solicitor, judge, magistrate, legal partner

Finance & Accounting
CPA, CA, CFA, actuary, financial adviser (licensed)

Engineering & Mining
Registered engineer, mining professional (select lenders)

Corporate
Senior executives (select lenders, income threshold applies)

Other
Eligible profession lists vary by lender. We confirm your qualification as part of the assessment.

Typical Waiver Terms by Profession

Profession	Max LVR	Min Income	LMI
Medical practitioner (specialist)	95%	Varies	$0
Medical practitioner (GP)	90%	Varies	$0
Dentist	90%	Varies	$0
Lawyer / Barrister	90%	Varies	$0
CPA / CA Accountant	90%	Varies	$0

Combining Professional and Location Waivers

In some cases, profession-based waivers can be combined with location-based waivers, particularly for medical professionals purchasing in eligible premium postcodes. This can unlock the most favourable terms available. We assess all applicable waiver types simultaneously for every professional client.

LMI Saving Examples, Professional Buyers

Specialist doctor, $1,500,000 property, 10% deposit ($150,000): LMI saving ~$79,658
Lawyer, $1,200,000 apartment, 10% deposit ($120,000): LMI saving ~$63,726
Accountant, $900,000 unit, 10% deposit ($90,000): LMI saving ~$47,795

FAQs

Professional LMI Waivers, Common Questions

Which professions qualify for an LMI waiver?

Medical practitioners, dentists, vets, optometrists, physiotherapists, lawyers, barristers, CPA and CA accountants, actuaries, registered engineers and some senior executives can qualify. Eligible profession lists vary by lender, so we confirm your qualification as part of the assessment.

Is there a minimum income for a professional LMI waiver?

Some lenders apply minimum income thresholds, particularly for accountants, lawyers and senior executives, while many medical categories have no set minimum. Thresholds differ across lenders and are confirmed in your personalised assessment; lending criteria apply.

Can I borrow 90% with no LMI as a professional?

Yes. Most eligible professions can borrow up to 90% LVR with zero LMI, and medical specialists can reach 95% LVR with some lenders. The final LVR depends on the lender, your income and the property, subject to full credit assessment.

How much does a professional LMI waiver save?

On a 90% lend the saving is substantial: approximately $47,795 on a $900,000 unit, $63,726 on a $1,200,000 apartment and $79,658 on a $1,500,000 property, based on standard LMI premiums with a 10% deposit. Your exact saving depends on price and LVR, and we calculate it during a free consultation.

What evidence do I need to prove my profession?

Lenders typically ask for proof of registration or membership, such as AHPRA registration for medical practitioners, a practising certificate for lawyers or CPA or CA membership for accountants, along with standard income documents. We prepare the evidence pack with you so the waiver is applied correctly.

Can I refinance later to remove LMI?

You do not get LMI refunded, but once your loan falls below 80% of your property's value, through repayments or growth, you can refinance without paying LMI again, and usually to a sharper rate. John checks your current valuation for free to see if you are already there.

Should I refinance my home loan in 2026?

If you have not reviewed your rate in the past two years, it is worth checking. Lenders reserve their sharpest rates for new customers, so long-term borrowers often pay a loyalty premium. John compares 50+ lenders for free and tells you honestly whether switching beats staying, subject to lender assessment.