Accountants sit on the professional-waiver lists at several Australian lenders: borrow up to 90% of a property’s value with lenders mortgage insurance waived entirely. If you hold a CA or CPA designation and earn above the threshold, a five-figure premium simply disappears from your purchase costs.
Who qualifies
- Full members of CA ANZ, CPA Australia or the IPA.
- Actuaries (FIAA) and finance executives at some lenders, lists vary.
- Minimum income typically $120,000–$150,000; some lenders count total package including bonus.
What it’s worth in dollars
At 90% LVR, LMI typically costs 1.5–2.5% of the loan. On a $750,000 loan, that’s $11,000–$19,000 waived. Alternatively, the waiver lets you split your savings, smaller deposit, bigger buffer, without the usual insurance penalty for doing so.
Beyond the waiver: how your income is read
Bonuses, RSUs and partner distributions are where accountant applications win or lose. Some banks cap bonus recognition at 50% or demand three years of history; others count 100% with one. Practice owners are assessed as self-employed, fine at lenders that do add-backs properly, painful elsewhere. The waiver plus the right assessor is the full strategy.
Our accountant loans service covers waiver eligibility, bonus treatment and practice-owner assessment.
See accountant loans at Linton Finance →If you miss the threshold
Below the income test, the any-occupation 90% no-LMI route often achieves the same result. And investment purchases can qualify for waivers too, at select lenders. Have Nathan check which doors are open before you assume LMI is inevitable.