The LMI bill wasn't written for professionals like you.

And a one-off application misses the bigger picture: this loan should set up the upgrade and the first investment, not just get you through the door.

Good to know

What professionals are eligible for an LMI waiver?

It varies by lender, but the best-covered professions are accountants and lawyers, usually where you're a current member of a recognised body like CA ANZ, CPA Australia, or your state's Law Society. Some lenders also recognise other professionals, including engineers, on their own terms. Your profession is what opens the door; the lender still assesses your income, deposit and situation, so we match you to the one whose list and policy fit.

Do accountants, lawyers and engineers qualify for an LMI waiver?

Accountants and lawyers are the best-covered non-medical professions: many lenders will consider a waiver where you're a current, practising member of a recognised body like CA ANZ, CPA Australia or a state Law Society. Engineers are more limited, waived at select lenders rather than across the board, so the right-lender match matters even more. Doctors sit in a higher medical tier again. Tell us your profession and we'll check where you stand.

How do you get the LMI waived as a professional?

The waiver usually has to be submitted through a lender's professional lending channel, with proof of your membership or registration and your income, not triggered by a standard online application. That's most of the value in using a broker: we know which lenders waive it for your profession, and we build and submit the case so it actually gets applied.

What is a professional package home loan?

A professional or package home loan bundles your loan with features like an offset account and redraw, usually under one annual package fee, and often with a negotiated rate discount. Whether a package works out sharper than a standard rate depends on your numbers, especially your deposit, which is what we check across 30+ lenders rather than assuming the package always wins.

How much can you borrow with a professional mortgage?

It depends on your income, your commitments and the lender's assessment, not your job title alone. Eligible professionals can often borrow with a smaller deposit and no LMI, and some lenders count professionals' income more fully. We'll model what you can actually borrow across 30+ lenders before you commit to anything.

What income do you need for a professional LMI waiver?

Most non-medical waivers carry a minimum income, commonly in the six figures and assessed on the eligible professional's own income rather than the household. The exact figure varies by lender and state, and some lenders waive the minimum for members of certain bodies. We check where your income lands against each lender's policy.

What salary do you need for a $500,000 loan?

It depends on your other commitments, your living costs and the lender's assessment rate, not just your income. Most professionals service a loan this size comfortably, but the honest answer changes with your situation, so we run it properly rather than quoting a rule of thumb.

How much do you need to earn for a $700,000 mortgage?

There's no single figure, because lenders weigh your income, your commitments and their own buffer differently. A professional's income, and a waiver that saves you the LMI, usually stretches further than a standard calculator assumes. We'll map what you can actually borrow across 30+ lenders.