- ANZ offers Lenders Mortgage Insurance (LMI) waivers to several professionals due to earning potential and job stability.
- Medical professionals, legal professionals, accounting professionals and veterinarians qualify for LMI Waiver with ANZ. For a full list of eligible professions, click here.
- LMI waivers potentially save you tens of thousands of dollars when buying a property.
- ANZ offers loans of up to 95% LVR with No LMI for medical professionals.
- For other eligible professions, you can borrow up to 90% LVR with No LMI.
ANZ offers eligible customers Lenders Mortgage Insurance (LMI) Waiver on home loans. The ANZ LMI Waiver provides an excellent opportunity for medical, legal and accounting professionals to purchase a property with a smaller deposit while avoiding the significant cost of LMI. This makes it easier to enter the property market without having to save up 20% deposit, and saving tens of thousands of dollars of LMI fees.

While some people choose to apply for the ANZ LMI Waiver directly through the bank, using the services of an experienced mortgage broker offers substantial benefits. The brokers at Eden Emerald Mortgages provide expert advice, answer all your questions, and handle the entire application process to ensure it’s submitted accurately and efficiently. We also compare lenders to find the best rates and explore other banks offering LMI waivers if you’re not eligible with ANZ. Best of all, our services are 100% FREE for you, as we’re paid by the lender, not the borrower.
By using a mortgage broker from Eden Emerald Mortgages, you’ll benefit from:
- Time Savings: Let us handle the paperwork and liaise with ANZ on your behalf.
- Tailored Advice: Our experienced team understand the LMI Waiver criteria at ANZ and can help you determine eligibility.
- Access to Multiple Options: If you are ineligible for LMI waiver at ANZ, or the interest rates are too high, we can find you the best alternatives from other lenders.
- Advocacy: We actively negotiate with ANZ and other lenders to secure the best terms and rates for you.
Speak to an Expert and
Get Your Mortgage Approved
To get started on your journey of securing a home loan, fill in the form below, and an experienced mortgage broker will contact you about your personal situation. You can also call us directly on (02) 9188 9398.
ANZ LMI Waiver: Eligible Professions
Here is a quick table which summarises the industries that ANZ accepts for LMI waivers. Click on the industry or profession to find out specific information for your job, including maximum loan amounts and eligibility requirements.
Industry | Maximum LVR | Examples of Eligible Professionals |
---|---|---|
90 - 95% | ||
90% | ||
90% | ||
90% |
Medical Professionals
A small number of medical professionals are accepted by ANZ for LMI Waivers. This is split into two categories:
If you are another type of healthcare worker, such as a nurse, psychologist, or pharmacist, you won't qualify for ANZ LMI waiver, but you can access other banks that have No LMI loans for your profession. Contact us here for assistance in finding lenders that will waive LMI for healthcare workers.
Here is some key information about ANZ LMI Waiver home loans for Doctors, Specialists and Dentists:
- Borrow up to 95% LVR with No LMI
- Maximum loan amount of $4.75 million
- Maximum property value of $5 million for houses and townhouses
- Maximum property value of $4 million for units and other residential properties
- Must be currently employed in Australia and registered with AHPRA
- Have at least an equal or majority share in the property
- Require documents to prove registration and profession
Here is some key information about ANZ LMI Waiver home loans for Optometrists, Physiotherapists and Chiropractors:
- Borrow up to 90% LVR with No LMI
- Maximum loan amount of $4.5 million
- Maximum property value of $5 million for houses and townhouses
- Maximum property value of $4 million for units and other residential properties
- Must be currently employed in Australia and registered with AHPRA
- Have at least an equal or majority share in the property
- Require documents to prove registration and profession

Legal Professionals
Legal professionals including solicitors, barristers, magistrates and judges are eligible for ANZ LMI Waiver. If your specific job title is not listed, but you work in the legal industry, you can check with us if you are eligible, by filling out this form.
Here is some key information about ANZ LMI Waiver home loans for Legal Professionals:
- Borrow up to 90% LVR with No LMI
- Maximum loan amount of $4.5 million
- Maximum property value of $5 million for houses and townhouses
- Maximum property value of $4 million for units and other residential properties
- Must be currently employed in Australia and have a current practising certificate
- Have at least an equal or majority share in the property
- Require documents to prove registration and profession

Accounting Professionals
Accounting professionals are eligible for ANZ LMI Waiver if you have a current professional membership with Chartered Accountants Australia & New Zealand (CA), Certified Practising Accountant (CPA), Chartered Financial Analyst Institute (CFA) or Fellowship of the Institute of Actuaries of Australia (FIAA). Here is some key information about LMI Waiver home loans for eligible accounting professionals:
- Borrow up to 90% LVR with No LMI
- Maximum loan amount of $4.5 million
- Maximum property value of $5 million for houses and townhouses
- Maximum property value of $4 million for units and other residential properties
- Must be currently employed in Australia and have a current practising certificate
- Have at least an equal or majority share in the property
- Require documents to prove registration and profession

Veterinarians
Veterinarians are eligible for No LMI home loans at ANZ, and here is some key information about these loans:
- Borrow up to 90% LVR with No LMI
- Maximum loan amount of $4.5 million
- Maximum property value of $5 million for houses and townhouses
- Maximum property value of $4 million for units and other residential properties
- Must be currently employed in Australia and have a current registration with the relevant veterinary board
- Have at least an equal or majority share in the property
- Require documents to prove registration and profession

Application Process for LMI Waivers
Applying for an LMI waiver at ANZ involves several steps, and here is a quick outline of the process:
- Check Eligibility: Determine if your profession qualifies for a LMI waiver at ANZ and if you meet the other eligibility criteria.
- Consult a Mortgage Broker: A mortgage broker will guide you through the necessary documents required, and complete the application for you. Speak to a free mortgage broker now (free to you as a client, as the broker is paid a commission by the lender) to begin the process.
- Gather Documentation: Collect necessary documents as advised by the broker, such as proof of professional registration, employment history, income statements, and any other required paperwork.
- Submit Application: Apply for the mortgage, including a request for an LMI waiver. Provide all necessary documentation and information.
- Lender Assessment: ANZ will assess your application, including your eligibility for the LMI waiver. This may involve verifying your professional industry, spending habits, and employment history.
- Approval and Settlement: If approved, ANZ will proceed with the mortgage process without requiring you to pay LMI. This will significantly reduce your upfront costs and overall mortgage amount.
Contact a Mortgage Broker to Waive Your LMI
Speak to an expert at Eden Emerald Mortgages to begin the process, or even to ask any questions you have about eligibility. Leave your details below and we will call you back as soon as possible. Alternatively, you can call us directly on (02) 9188 9398.
Alternatives to LMI Waivers
For Australians who are not eligible for an LMI waiver with ANZ, check if your profession is able to access LMI waivers elsewhere, or see this list of banks and lenders that offer No LMI home loans. If you don't qualify with other lenders, here are some other ways to avoid or reduce LMI costs:
- Saving a Larger Deposit: Increasing your deposit to at least 20% of the property’s purchase price eliminates the need for LMI.
- Guarantor Loans: Having a family member act as a guarantor can help you secure a loan without paying LMI.
- First Home Guarantee (FHBG): For first-time homebuyers, the Australian government’s First Home Guarantee allows eligible buyers to purchase a home with a 5% deposit without paying LMI.
Conclusion
ANZ LMI waivers provide a great opportunity for a range of professionals to buy property with as little as 5% - 10% deposit, with no need to spend tens of thousands of dollars on LMI. If you have any more questions, or want to begin the process of applying for a home loan with ANZ, fill out the form below and an experienced mortgage broker from EE Mortgages will contact you.
Speak to an Expert and
Get Your Mortgage Approved
To get started on your journey of securing a home loan, fill in the form below, and an experienced mortgage broker will contact you about your personal situation. You can also call us directly on (02) 9188 9398.