No LMI Home Loans

Some lenders waive the LMI (Lenders Mortgage Insurance) to specific professionals with LVR between 80% and 90%. There are limited lenders offering this great promotion for owner occupied and investment residential property purchases or refinance.

Buildings

Specific Professionals

Generally, the professionals that fall under this category are:

Dentists
General Practitioners
Hospital - employed doctors
Medical Specialists
Optometrists
Pharmacists
Veterinary Practitioners
other professionals *

* Some lenders may include other professionals such as accounting and legal under this criteria so please check with us.

Criteria

Some of the requirements are:

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Verification for profession and current registration
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Eligible applicants need to have at least equal ownership interest in the loan property
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All the applicants must be either Australian permanent residents or citizens. However, some lenders may accept other visa types

* Lenders may change their criteria without any notification, so it is advisable to contact your broker or bankers before lodging your loan.