LMI waivers for doctors and dentists (2026): which lenders, what LVR
Facts checked 27 October 2026
Lenders Mortgage Insurance usually applies when you borrow more than 80% of a property’s value. Several lenders waive it for medical professionals — some up to 95% LVR — but each has its own list of eligible registrations and conditions.
See where you stand in 5 minutesFree self-check against lenders’ published rules. No credit check.Published medical LMI waivers
These are the waivers the lenders publish on their own sites, as checked on the date above. Lenders can change or withdraw them at any time.
| Lender | Max LVR without LMI | Who qualifies | Notable conditions |
|---|---|---|---|
| Westpac (and St.George) | 95% | GPs, dentists, medical specialists, hospital-employed doctors (intern, resident, registrar, staff specialist) | No minimum income; loan up to $5m; qualifications verified |
| ANZ | 95% | Medical practitioners, specialists and dentists with AHPRA General or Specialist registration | Not provisional, limited or non-practising registration; loan up to $4.75m; equal or majority share of the property |
| BOQ Specialist | 90% (up to 100% in some circumstances) | Doctors, dentists, vets and accountants (banking package) | Criteria for 100% not published |
| CommBank | 90% (from a 10% deposit) | Doctors, lawyers and accountants — eligibility checked case by case | Profession list not published |
| NAB | Not published | AHPRA-registered GPs, specialists, dental practitioners, pharmacists, physiotherapists, optometrists, vets and others | LVR limit not stated on its site |
Each lender’s published criteria as at 27 October 2026, from its own website. This is not a comparison or a recommendation: not every lender was checked, and lenders change these terms often.
What a waiver is worth
LMI premiums rise steeply above 90% LVR. On an $855,000 loan at 95% LVR, an indicative premium is around $29,000 — often added to the loan, so you’d pay interest on it for decades. Our check shows the indicative LMI for your numbers and which lenders publish a waiver for your profession.
Premiums vary by insurer, lender, loan size and state; the figure above is our estimate, not a quote.
Registration matters more than job title
The biggest difference between lenders is the registration they accept. ANZ excludes provisional and limited AHPRA registration, which affects many interns and international medical graduates; Westpac’s published list includes interns employed by hospitals. If you’re early in your career, check the registration rules before you choose a lender.
Common questions
Can I get an LMI waiver on an investment property?
Some lenders apply waivers to investment loans and others only to owner-occupied loans. Check the conditions for each lender with the broker.
Do I need to be a first home buyer?
No. Profession waivers are not first-home-buyer schemes. First home buyers can also look at the government’s 5% Deposit Scheme, which removes LMI with a 5% deposit.