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Doctors, dentists, lawyers, pharmacists, and accountants may qualify for LMI waivers — allowing purchase with 10% deposit without paying $10,000–$35,000 in LMI. Here's which professions qualify and how to apply.
Doctors, dentists, pharmacists, vets, lawyers, architects, and accountants (CPA/CA qualified) are most commonly eligible. Some lenders also include engineers, pilots, and other designated professionals.
Most professional LMI waiver programs go up to 90% LVR. Some lenders extend to 95% for medical professionals. Above 95%, even professionals usually require LMI or a guarantor.
Yes — most lenders require current registration with AHPRA (health), the Law Society, CPA Australia, CA ANZ, or the relevant body. You'll need to provide your registration number.
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