Healthcare Heroes Welcome

LMI Waiver for Healthcare Professionals

Skip the mortgage insurance and save thousands with exclusive home loan benefits designed for Australia's healthcare heroes

90% LTV Possible
$15K+ Typical LMI Savings
48Hr Pre-Approval

What is LMI and Why Does Waiving It Matter?

Understanding Lender's Mortgage Insurance and how healthcare professionals can skip this costly requirement

G'day healthcare heroes! I'm Quinto, and here's the deal...

Lender's Mortgage Insurance (LMI) is basically an insurance policy that protects the lender (not you!) if you can't make your repayments. Normally, if you're borrowing more than 80% of your property's value, you'd need to pay this insuranceโ€”and it can cost tens of thousands of dollars.

But here's where it gets exciting: as a healthcare professional, many lenders recognise your job security, stable income, and essential role in our community. They're willing to waive this insurance requirement, even if you're borrowing up to 90% or sometimes even 95% of the property value!

This isn't just about saving money (though you'll save heaps)โ€”it's about recognising the incredible contribution you make to society and making homeownership more accessible for those who dedicate their lives to caring for others.

$0
LMI Premium for Eligible Healthcare Workers
Medical Doctors

Medical Doctors

GPs, specialists, surgeons, resident medical officers, registrars

Registered Nurses

Registered Nurses

RNs, nurse practitioners, clinical nurse specialists, midwives

Pharmacists

Pharmacists

Community pharmacists, hospital pharmacists, clinical pharmacists

Dentists

Dentists

General dentists, dental specialists, oral surgeons

Allied Health

Allied Health

Physiotherapists, occupational therapists, speech pathologists

Optometrists

Optometrists

Optometrists and orthoptists

Medical Specialists

Medical Specialists

Cardiologists, radiologists, anaesthetists, pathologists

Chiropractors

Chiropractors

Registered chiropractors and osteopaths

Psychologists

Psychologists

Clinical psychologists, registered psychologists

Paediatricians

Paediatricians

Paediatric specialists and child health professionals

Emergency Medicine

Emergency Medicine

Emergency physicians, paramedics, intensive care specialists

Medical Scientists

Medical Scientists

Laboratory scientists, medical researchers, pathology specialists

Why Healthcare Professionals Get Special Treatment

Lenders recognise these unique advantages that make healthcare workers ideal borrowers

๐Ÿ’ผ
Job Security

Healthcare will always be needed. Your profession provides incredible job security that lenders absolutely love. Even during economic downturns, healthcare professionals remain in high demand.

๐Ÿ“ˆ
High Income Potential

Healthcare professionals typically earn above-average incomes with strong potential for growth throughout their careers. This makes you a lower-risk borrower in lenders' eyes.

๐ŸŽ“
Professional Qualifications

Your extensive education and professional registration requirements demonstrate commitment, discipline, and ongoing career investmentโ€”qualities lenders value highly.

๐Ÿ†
Community Recognition

Healthcare professionals are respected community members who provide essential services. Lenders recognise this contribution and want to support those who care for others.

What Is an LMI Waiver?

Lenders Mortgage Insurance (LMI) is a fee charged to protect lenders when borrowers put down less than 20% deposit.
However, for certain healthcare professionals, lenders may offer to waive LMI, even with low depositsโ€”making homeownership more accessible.

Why it matters: LMI can cost tens of thousands of dollars, especially on high-value loans. A waiver lets you skip that cost and get into the property market faster.

Why Healthcare Professionals Often Qualify

Lenders consider healthcare professionals to be low-risk borrowers due to:

  • Stable employment and essential roles in society
  • Reliable, often above-average income potential
  • Steady career demand, even during economic downturns

These traits make doctors, nurses, pharmacists, and allied health professionals attractive to lenders โ€” and eligible for LMI waivers.

Who Qualifies? Typical Eligible Healthcare Roles

Eligibility can vary by lender, but across Australia, these roles often qualify:

Note: Each lenderโ€™s list may differโ€”some include more allied health roles than others.

Typical LVR Ranges & Deposit Requirements

Loans can vary by profession and lender:

  • Doctors & dentists: Up to 95% LVR (i.e., 5% deposit) with no LMI
  • Nurses & many allied health roles: Up to 90% LVR (i.e., 10% deposit) with LMI waived

Some lenders may require minimum income thresholdsโ€”commonly around $90,000 pa, especially for nurses and allied health roles.
Professional registration, payslips, and income statements are usually required.

Which Lenders Offer LMI Waivers for Healthcare Workers?

Lender GroupNotes on LMI Waiver Eligibility
Major Banks (ANZ, CBA, NAB, Westpac)Often waive LMI for doctors, dentists, nurses, and increasingly allied health roles.
Westpac and NAB offer dedicated programs for healthcare professionals.
Specialist & Broker-Access Lenders (Granite Home Loans, BOQ, Macquarie)Broader eligibility criteria including many allied health professionals.
Some offer up to 90โ€“95% LVR with waived LMI.
Mutuals & Regional Lenders (Bank First, BankVic, Peopleโ€™s Choice, Teachers Mutual)Include healthcare workers and emergency services with up to 90% LVR.
Nurse-Specific OffersFor example, Westpac offers 10% deposit (90% LVR) LMI waiver for RNs and midwives earning $90k or more.

Steps to Maximise Your LMI Waiver Chances

  1. Confirm your eligibility โ€” check your professional role, registration (e.g. AHPRA), and employment status
  2. Clarify lender requirements โ€” income thresholds, deposit level, documentation standards
  3. Compare offerings โ€” LVR limits, deposit levels, waiver vs. discount, interest rates
  4. Prepare your documentation โ€” registration, payslips, tax notices, employment verification
  5. Seek guidance if needed โ€” a broker familiar with healthcare worker policies can help identify the most generous lenders

Why This Matters for Healthcare Workers

  • Saves money โ€” Avoiding LMI can mean savings of tens of thousands of dollars
  • Recognises professional value โ€” Many lenders extend these benefits in acknowledgment of your work and stability
  • Empowers action โ€” With informed comparison, healthcare professionals can access home ownership more confidently

Summary Checklist

  • Define what an LMI waiver is and its benefits
  • Explain why healthcare professionals often qualify
  • List eligible roles such as doctors, dentists, nurses, and allied health
  • Outline typical deposit and LVR scenarios
  • Highlight major lenders offering waivers
  • Advise on required documentation and preparation

We help healthcare workers get a better home loan outcome.

When you work with us, we guarantee you that you will get:

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Preferential Treatment

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Access to Lenders Offering 90% No LMI Home Loans

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Quicker Loan Approval

Use pre-tax income to increase your borrowing capacity and become debt-free years sooner. Letโ€™s get started on making your homeownership dream a reality!

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Access to โ€˜Salary Sacrificeโ€™-Friendly Lenders

Not all lenders offer benefits to nurses. We have built long-term relationships with lenders that offer salary sacrifice benefits.

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Shortened Loan Term

Yes, we want to help you buy your home โ€” and help you learn strategies to pay it off years sooner without increasing your current repayments.

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No LMI for 90% LVR

We can also add in 90% no LMI โ€” thatโ€™s no LMI payable for just a 10% deposit when most lenders need a 20% deposit.

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Quick Approval

Our streamlined home loan application process and personalised guidance help ensure a faster turnaround.

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Award-Winning Brokerage

In 2018, 2019, 2020, 2021 and 2022, our brokerage has received multiple awards for our professionalism and customer service.

What Will Happen Next?

During your consultation with us, we will discuss:

Mortgage Broker Quinto White standing

Helpful Blogs & Guides for Healthcare Providers

Reviews

Client Feedback

Highly recommend Quinto and the team at Q financial.

Quinto went above and beyond to assist me with home loan planning, future planning, putting me in touch with other experts to assist me with my investment journey as well as sourcing and securing the best product for me.

Smooth communication and always available to answer any questions over the phone and in person.

Excellent experience from start to finish.
We have been working with Quinto for many years now. We have used Q Financial for our original home loan, then for a building loan when we knocked down and rebuilt our house and he has just secured us a new home loan with a better interest rate that better suits our needs. Always answers my calls and questions and always super helpful.
Quinto from Q Financial is the reason I am in my own home today! Him and his team work tirelessly with me over a good couple years to make my dream a reality! He made himself available around my crazy schedule and was always free for a quick call or text to clarify things. I cannot recommend him enough if you are looking at getting across the line!
We used Q Financial for our home loan a couple of years ago and again recently to consolidate a personal loan. Always happy with their expertise and service. Highly recommend them
Great experience with Q Financial.

They handled our home loan application as well as re-financing.
Communication was clear and precise and they got us a package that suited our needs going forward.
Whole process was smooth and hassle free and I highly recommend them.
Quinto was very helpful and great at communicating. I am very happy with the service.
BEWARE

This company took all of our information and then GHOSTED us. They knew we were on a short deadline to achieve finance and they strung us a long. Once I uploaded my documents to their site, I haven't heard back from them. I sent texts, left voice message and NOTHING.
I am now concerned this is a scam site and my details are stolen.

Avoid this company, biggest time wasters.
Michael and Quinto made the process of purchasing a home so much easier. They have been able to make the whole process much more enjoyable and have always made us feel as if we could ask any questions along the way.
Quinto and Michael have been great help with assisting me with securing my first investment property, making the process super easy and stress free, highly recommend!
Quinto and Michael have both been wonderful with helping me sort my first mortgage and home, even going above and beyond to ensure I got my loan with an ethical bank. I highly recommend these legends!
Q Financial offers a great service. We had a complicated loan structure and they consolidated and simplified the loans as well as getting us a better rate. Great communication throughout and a pleasure to deal with. Highly recommended brokerage service.
Quinto is excellent, he made to process easy and efficient and of course very professional and friendly.
Quinto and the team were so helpful! I had such a great experience. I highly recommend Quinto and his team! Thank you guys!
Quinto is the best! Super efficient, pleasant to deal with and lets you know exactly what you need to do to get things over the line.
Quinto helped us refinance, couldn't have done it without him and the team!
Having spent over 12 years in the banking industry, and now working in Real Estate, Iโ€™ve had the opportunity to work alongside countless brokers and business lenders. From that experience, I can say with absolute confidence that Quinto White stands out as the quintessential broker โ€” the one you want in your corner when navigating the often complex and emotionally charged process of securing finance for property purchases.

Quinto combines exceptional industry knowledge with a rare ability to connect on a personal level. He is attentive, creative, and relentlessly proactive, always ensuring that my clients receive timely updates and thoughtful guidance during what are often life-changing financial transitions. His skill in structuring deals means clients not only get an excellent outcome, but also the peace of mind that every possible advantage in the market has been explored and secured.

Q Financial, under Quintoโ€™s leadership, is a firm I can recommend wholeheartedly. Their commitment to achieving the best possible financial structures and outcomes is unwavering, and I have complete trust in their ability to deliver results that inspire confidence at every step.

If youโ€™re looking for a broker who is as invested in your success as you are โ€” someone who blends expertise, empathy, and execution at the highest level โ€” Quinto White is without doubt the professional you can rely on.
Thank you to Q Financial for all their help and support. They made the process of purchasing a property completely seamless (this was my first property transaction). I would 100% recommend their services to anyone looking to purchase a home or investment. Thank you!
Quinto and his team were great. Quinto is super friendly, always happy to help, very knowledgable and our home loan application went through very smoothly and quickly.
Highly recommend him.
As a charity our financing options were limited, Quinto from Q Financial helped us obtain a loan approval with a major bank. Throughout the process, Quinto was proactive in keeping us updated and guided us on the documentation of the information the bank requested, this made is easy for us to quickly respond and get the application progressed. He was always available whenever we had questions and was very professional, getting us the best deal out of options available.!
Cant recommend Q Financial enough, from start to finish the process was easy and stress free.

Frequently Asked Questions About LMI Waivers

LMI waivers are generally available for medical and healthcare professionals, including doctors, dentists, nurses, pharmacists, and certain allied health roles like physiotherapists, optometrists, and psychologists. Many lenders also extend waivers to lawyers and accountants, though this depends on the bankโ€™s policy.

ANZ typically grants LMI waivers for doctors, dentists, and medical specialists. In some cases, pharmacists, veterinarians, and other health professionals may be eligible, but eligibility can change over time. Itโ€™s best to confirm directly with ANZโ€™s latest criteria.

You can avoid LMI without a 20% deposit if you qualify for an LMI waiver (such as those offered to healthcare workers), use a guarantor loan backed by a family memberโ€™s property, or take advantage of government schemes like the First Home Guarantee. Some professions may qualify for up to 90โ€“95% LVR with no LMI.

Some lenders impose an income threshold to qualify for an LMI waiver. For example, nurses and allied health professionals may need to earn at least $90,000 per year. Doctors and dentists usually donโ€™t face a minimum income requirement because of their professional standing.

To have LMI waived, you must:

  • Be in a recognised profession (e.g., healthcare, legal, accounting).
  • Meet deposit and loan-to-value ratio (LVR) requirements (commonly 90โ€“95%).
  • Provide proof of professional registration and stable income.
  • Apply with a lender that offers profession-based LMI waivers.

Yes, many banks now offer LMI waivers for home loans for nurses and midwives. These waivers usually apply up to 90% LVR, provided you meet the lenderโ€™s income and employment criteria.

Major banks such as ANZ, NAB, Commonwealth Bank, and Westpac offer LMI waivers for eligible professionals. Regional banks and specialist lenders also provide similar options, though eligibility lists differ between lenders.

A 90% loan without LMI means you can borrow up to 90% of the propertyโ€™s value while avoiding the LMI fee. This is typically available to professionals such as doctors, dentists, and nurses under LMI waiver policies.

Refunds on LMI are rare. Some insurers may provide a partial refund if the loan is terminated or refinanced very early (often within the first 1โ€“2 years), but most LMI payments are non-refundable.

LMI is generally not tax deductible for owner-occupied properties. However, if the loan is for an investment property, the Australian Tax Office (ATO) may allow the cost to be claimed over a five-year period as a borrowing expense.

With LMI, most lenders will allow you to buy with as little as a 5โ€“10% deposit. The smaller your deposit, the higher the LMI cost. Without an LMI waiver or guarantor, borrowers typically need 20% deposit to avoid paying LMI.

Yes, if you use a guarantor (usually a family member offering equity in their property), lenders often waive LMI even with a small or no deposit. This is because the guarantor provides security that reduces risk for the lender.

First Home Buyer

Affordable Solutions to Help You Secure Your First Home.

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