The insurance you were told was unavoidable, avoided.
Open to every occupation
No professional membership, no income-threshold gymnastics. Lenders like ubank offer 90% LVR with no LMI as standing policy, teachers, tradies, retail managers and software engineers all qualify on the same terms.
Owner-occupied and investment
The waiver isn’t just for your own home, participating lenders extend it to investment loans too, which is rare even among professional waivers. That changes the maths on buying your first investment property.
The maths versus paying LMI
On an $800,000 purchase with a 10% deposit, LMI can run $15,000–$20,000, money that protects the lender, not you. Waived, it stays in your pocket, and you buy years before a 20% deposit is saved.
Three steps between you and a waived premium.
A 30-minute call
We map your deposit, income and goals, and confirm which no-LMI paths you qualify for, any-occupation waivers, professional waivers, guarantor support or government schemes.
The full comparison
A 90% no-LMI loan isn’t automatically the winner, sometimes a slightly higher rate outweighs the saved premium. We model total cost over your realistic horizon, side by side.
We run the paperwork
Application to settlement, chased for you. Then Rate Watch™ re-checks your rate every year, so the sharp deal you started on stays sharp.
Hear from our happy homeowners.
What borrowers ask about no-LMI loans.
Which lenders waive LMI for any occupation?
A small, changing set. ubank is the best-known, offering up to 90% LVR with no LMI on owner-occupied and investment loans; a handful of others run 85% no-LMI offers. Policies shift, part of our job is tracking who’s offering what this month.
Is the interest rate higher on a no-LMI loan?
Sometimes marginally, versus an 80% LVR loan, lenders price risk somewhere. The comparison that matters is against borrowing 90% and paying LMI, and on that test the waiver usually wins comfortably. We model both for you.
Can first home buyers combine this with government schemes?
They’re alternatives rather than stackable, the Home Guarantee Scheme already removes LMI at 5% deposit. If you have 10% saved but aren’t scheme-eligible (or your property exceeds the caps), an any-occupation waiver is often the better route.
What if I have less than a 10% deposit?
Then we look at the other doors: the Home Guarantee Scheme at 5%, a guarantor loan, or, if you’re in an eligible profession, a 95% professional waiver. There’s usually more than one way in.
Keep your deposit. Skip the insurance.
A free 30-minute call with Nathan, every no-LMI path you qualify for, modelled honestly. The lender pays us, not you.