Besides Doctors, Lawyers and Accountants, Who Else Gets LMI Waivers in 2025

Saving for a home deposit in Australia can be quite challenging today, especially when you’re aiming for that 20% mark. Lenders Mortgage Insurance (LMI) often adds a hefty cost for smaller deposits, but here’s a big win: certain professions can skip LMI entirely, saving you thousands! At Professional Home Loans, we’re excited to highlight unsung heroes—like midwives, veterinarians, IT specialists, and paramedics—who qualify for these waivers in 2025. While doctors, lawyers, and accountants grab the spotlight, these folks deserve their share of home loan love. Let’s dive into who’s eligible and how you can own your dream home with less cash upfront.

Who Qualifies for LMI Waivers?

LMI waivers are typically offered to professionals with stable, high-income careers and strong job security, as lenders see them as low-risk borrowers. Eligibility often requires professional registration (e.g., AHPRA for health workers, CPA for accountants) or membership in an accredited body, plus a minimum income (usually $90,000–$150,000, depending on the lender). You can borrow up to 90–95% of the property value without paying LMI, making homeownership more accessible.Below is a comprehensive list of professions eligible for LMI waivers in 2025, grouped by category. While well-known professions like doctors, lawyers, and accountants are included, we’ll shine a spotlight on lesser-known roles that might surprise you.

Medical and Allied Health Professionals

Healthcare workers are a cornerstone of LMI waiver programs due to their stable careers. Beyond doctors, many allied health professionals qualify:

• • Doctors: General practitioners, surgeons, anaesthetists, psychiatrists.

• • Dentists: General and specialist dentists.

• • Nurses: Registered nurses, nurse practitioners, aged-care.

• • Pharmacists: Community and hospital pharmacists.

• • Physiotherapists: Registered with AHPRA.

• • Optometrists: Eye care specialists.

• • Midwives: Supporting maternal and newborn care.

• • Occupational Therapists: Rehabilitation and disability support.

• • Chiropractors: Spinal health experts.

• • Osteopaths: Holistic musculoskeletal care.

• • Podiatrists: Foot and ankle specialists.

• • Psychologists: Clinical and registered psychologists.

• • Radiographers: Medical imaging professionals.

• • Sonographers: Ultrasound specialists.

• • Speech Pathologists: Communication and swallowing experts.

Legal Professionals

The legal field’s high earning potential and stability make it a prime candidate for LMI waivers:

• • Lawyers: Solicitors, conveyancers, legal consultants.

• • Barristers: Courtroom advocates.

• • Judges and Magistrates: Senior judicial officers.

Accounting and Finance Professionals

Financial experts with professional certifications are often eligible:

• • Accountants: Chartered accountants, CPAs.

• • Auditors: Financial and compliance auditors.

• • Actuaries: Risk assessment specialists.

• • Financial Analysts: Investment and corporate finance experts.

Engineering and IT Professionals

Engineers and IT specialists are increasingly recognized for their stable, high-demand careers:

• • Engineers: Across all disciplines (e.g. mining, civil, mechanical, electrical).

• • Geologists: Mining and environmental specialists.

• • Architects: Registered with state boards.

• • Quantity Surveyors: Construction cost management.

• • IT Professionals: Software developers, systems analysts.

• • IT Security Specialists: Cybersecurity experts.

Education Professionals

Educators shaping the next generation qualify due to their reliable employment:

• • Teachers: Primary and secondary school teachers.

• • University Lecturers: Academic staff with permanent positions.

Essential Workers

Critical frontline workers are valued for their societal contributions:

• • Police Officers: Sworn officers and detectives.

• • Firefighters: Career firefighters.

• • Paramedics: Ambulance and emergency medical services.

Veterinary Professionals

Animal health experts with stable practices are included:

• • Veterinarians: General and specialist vets.

Aviation Professionals

High-skill aviation roles with rigorous qualifications qualify:

• • Commercial Pilots: Licensed pilots with major airlines.

Other Eligible Professions

Some niche professions qualify with specific criteria (e.g., accredited representation or high income):

• • Professional Athletes: With recognized contracts or sponsorships.

• • Entertainment Professionals: Actors, musicians, or producers with accredited management.

Visualizing the Lesser-Known Professions

Our infographic below highlights some of the lesser-known professions eligible for LMI waivers, like allied health workers, engineers, and essential workers.

Caption: Think only doctors, lawyers, and accountants get LMI waivers? Think again! Our infographic reveals lesser-known professions that save thousands on home loans in 2025. Contact Professional Home Loans to find out if you qualify! 🏡 #LMIWaiver #HomeLoans2025

Why LMI Waivers Matter

LMI waivers can save you $10,000–$30,000 on loans between $500,000 and $1 million, allowing you to borrow up to 90–95% of the property value without the extra cost of LMI. For Brisbane professionals eyeing a home in suburbs like West End or New Farm, this means a lower upfront cost and a faster path to homeownership. Lenders offer these waivers to attract low-risk borrowers, so your professional status and income are key.

Ready to Save on Your Home Loan?

Whether you’re a midwife, a mining engineer, or a commercial pilot, you might be eligible for an LMI waiver in 2025. Don’t leave thousands on the table! Contact Professional Home Loans for a free consultation to check your eligibility and explore tailored home loan options.Contact Us Today | Call 1300 55 44 97