Police Home Loans – LMI Waivers Up to 90% LVR
Last updated: 9 May 2026 · Reading time: 7 minutes
As a police officer you protect our communities — now specialist lenders want to help you protect your financial future. Australian police officers qualify for some of the strongest home loan benefits available because of your stable government employment, low default rates, and essential service status. Professional Home Loans has helped hundreds of full-time officers, detectives, and tactical operations members secure LMI waivers, count 100% of overtime and shift allowances.
Fast facts before you read on
- LMI waived up to 90% LVR through specialist and essential-worker lenders
- 100% of overtime, shift penalties, loadings, and allowances counted
- As little as 10% deposit possible with select programs
Why Police Officers get Special Home Loan Deals
Lenders view police as low-risk borrowers with secure income. Many banks and specialist lenders (including BankVic, People’s Choice, and Granite) have dedicated essential-services or emergency-worker policies that waive Lenders Mortgage Insurance (LMI) up to 90% LVR. This can save you $15,000–$40,000+ on a typical purchase compared with a standard loan.
Learn more about our full range of Home Loan Options.
How much can you actually borrow as a Police Officer?
Most clients borrow 80% of the property value without paying LMI. Full recognition of overtime, call-outs, and penalties can add $40,000–$110,000+ to your borrowing power compared with standard income assessments.
Extra advantages police officers enjoy
- 100% counting of overtime, shift loadings, hazard pay, and allowances
- Workers compensation or injury payments often accepted (50–100% if ongoing)
- Detectives and tactical operations officers receive the same treatment
- Investment property loans with LMI waivers also available
- Guarantor options can push LVR to 110% in some cases
Step-by-Step Process to get your Police Home Loan
- Free strategy session – We review your service letter, payslips (showing overtime), and goals (30 minutes, no obligation).
- Pre-approval – We submit to lenders with active police/essential-worker policies. Get started with our pre-approval process.
- Property search & contract – Once approved, buy with confidence.
- Full application & settlement – We handle everything until keys are in your hand.
Tips to maximise your approval chances
- Provide a recent service letter confirming ongoing employment and overtime
- Show at least 3–6 months consistent payslips (especially overtime)
- Highlight Police Bank or BankVic membership for extra perks
- Keep credit card limits low and a clean credit file
- Consider guarantor options if you want to borrow above 95%
Common myths debunked
Myth: “Only full-time officers qualify for LMI waivers.” Reality: Detectives, tactical ops, and officers with consistent overtime all qualify.
Myth: “Banks shade police overtime to 50%.” Reality: Specialist lenders and BankVic count 100% of verifiable overtime.
Myth: “I need 20% deposit like everyone else.” Reality: You can buy with 5–10% deposit plus costs and no LMI.
Ready to Proceed
Contact Professional Home Loans today on 1300 55 44 97, visit our contact page, or complete our quick online enquiry form. We’ll tell you exactly which LMI waivers, overtime boosts, and rates you qualify for — with zero cost and zero obligation.
For more insights, explore our full essential worker home loans guide.
Free 30-Minute Finance Strategy Session For Professionals
Discover How To Get Approved With A Lower Interest Rate & Save Up To $40,000 In Fees
FAQs – Police Home Loans
Can police officers get a home loan with LMI waived? Yes. Eligible officers (full-time, detectives, tactical ops) can borrow up to 90–95% LVR with no Lenders Mortgage Insurance through BankVic, People’s Choice, Granite, and specialist panels.
Which police officers qualify for LMI waivers in 2026? Most serving officers in state or federal police forces qualify. BankVic and People’s Choice are particularly strong for police.
How much deposit do I need as a police officer? As little as 5–10% in many cases thanks to LMI waivers — significantly lower than the standard 20% requirement.
Do lenders count 100% of police overtime and shift allowances? Yes — BankVic, People’s Choice, and specialist lenders count 100% of verifiable overtime, penalties, call-outs, and loadings.
Can detectives or tactical operations officers get approved? Yes. All operational police roles receive the same favourable treatment and overtime recognition.
Will I pay the same interest rates as other borrowers? Yes — and in many cases you access the same (or better) discounted rates plus member benefits through Police Bank or BankVic.
Can I use a police home loan for an investment property? Yes. Many lenders extend LMI waivers and favourable terms to investment loans for police officers.
What documents will lenders need? Police service letter or ID, recent payslips (showing overtime), tax returns or group certificate, bank statements, and proof of deposit. We compile everything for you.
How long does the police home loan process take? Pre-approval can happen in 3–7 days. Full settlement usually takes 6–8 weeks once you find a property.
Do officers on workers compensation or injury leave qualify? Yes — ongoing workers compensation payments are often accepted at 50–100% by specialist lenders.
Is there a minimum income required for LMI waivers? It varies. Some lenders (including certain essential-worker pilots) have no strict minimum in 2026.
Can I buy a new build or construction with a police home loan? Yes. Many lenders approve land-and-build packages for police officers, often with the same LMI waiver benefits.
Testimonials
Tom has provided us with a very professional service, communicating all the available options to us and in the process he has literally saved us $75k that we would have otherwise paid. Being new the Australian property market it was imperative we found a broker that had the patience to answer the numerous questions we had be it by phone or email and sometimes outside normal working hours and that is exactly what we got from Tom. He certainly goes beyond the call of duty. Keep up the good work, Tom and we will no doubt be back in touch with you in the not too distant future.
Hamilton & Nyari
Finally, we were able to buy our own place in Sydney. THANKS to Michael. We were given the run around by various banks (we had a unique situation and despite good income and stable one, loan wasn't coming easy). When we almost finally gave up, we had nothing to lose and made one last call and it was to Michael. Our hopes were back in two days from there, and had our loan approved with in next few days. We appreciated all the prompt and helpful responses to all of our queries in relation to purchasing with a Temporary Visa. He even made a bank valuation possible in 24 hours or so. If we ever need help again with our finance, Michael will be the first person we would call. Kindest Regards, Anjuli & Kris
Anjuli & Kris Balachandran
Tom, rest assured, when we hear of any of our acquaintances in need of a mortgage you are the one I'll be referring them to. We are very happy to have been working with you, not only because the result is good, but even more since Lisa and I really appreciated your personal touch in our case, your always being available, even for emails late at night and always taking the time to answer our every question. Kind regards, Lisa & Bas
Lisa and Bas
Why Choose Professional Home Loans
Getting a home loan was really simple with Professional Home Loans.
“We went overseas during settlement and it was not a problem for them, everything went smoothly and I’m writing this from my new home! “
Jack Clancy
Well done you made it easy with no BS.
“Couldn’t ask for a better job – until next time (although no time soon, moving was awful). “
Accountant, Mick and Vanessa Renton
No LMI for building home in Sydney as well as 90% LVR no lmi for investment proerpty off the plan in Newcastle.
“Professional Home Loans has provided us with a very professional service, communicating all the available options to us and in the process he has literally saved us $75k that we would have otherwise paid. They certainly go beyond the call of duty. “
Hamilton (Accountant) & Nyari (Doctor) Sydney
Working for QLD Health achieved 90% LVR no LMI at normal rates - From UK. Sunshine Coast, QLD
“We were able to get a loan at a good rate and avoid paying LMI which saved us several thousand dollars that we can now put towards other things. Very helpful and informative about all aspects of the process, not just the loan, which we really appreciated as it made the whole thing a lot easier for us.”
Craig and Louise (Medical Registrars)
On a contracting basis – she got paid roughly 70% of what she billed.
“We assisted Arlyn with a 90% Mortgage with No Lenders Mortgage Insurance payable so she could buy a house and land package Thanks so much. All credits goes back to you as you helped me make all this happen. I couldn’t thank you enough for the job excellently done. “
“You not only got the loan approved on time, but at a better rate! You are professional, honest, dedicated & obviously love what you do-your passion shines through & I look forward to doing all my loans through you from now on!”
Linh