CBA LMI Waivers – Save on Lenders Mortgage Insurance (LMI) for Home Loans
The Commonwealth Bank of Australia (CBA) offers LMI waivers for eligible professionals, allowing them to secure home loans with up to 95% LVR while avoiding costly lenders mortgage insurance.
Eligible Industries and LVR Limits
| Industry | Maximum LVR | Examples of Eligible Professionals |
|---|---|---|
| Accounting | 90% | Accountants, Auditors |
| Bank Employees | 90% | Employees of CBA, Westpac, ANZ, NAB, Macquarie, ING, BOQ, Bendigo, HSBC, AMP |
| Finance | 90% | Actuaries, CFOs, Finance Directors, Finance Managers |
| Legal | 90% | Solicitors, Barristers, Judges, Magistrates, Partners |
| Medical | 95% | Doctors, Dentists, GPs, Pharmacists, Optometrists, Specialists |
| Veterinary | 95% | Veterinarians, Specialists, Surgeons |
Accounting Professionals – Up to 90% LVR with No LMI
Accounting professionals, including accountants and auditors, qualify for CBA's LMI waiver program.
- Borrow up to 90% LVR with no LMI
- Maximum loan amount: $5 million
- Minimum income requirement: $100,000 per annum
- Must hold an accredited accounting certification (CA or CPA)
Bank Employees – Up to 90% LVR with No LMI
Employees of the following banks qualify for a no LMI home loan with CBA.
- Borrow up to 90% LVR with no LMI
- Minimum income requirement: $100,000 per annum
- Must be employed with current bank for at least 6 months or have 24 months cumulative industry experience
Finance Professionals – Up to 90% LVR with No LMI
Eligible finance professionals include CFOs, Actuaries, Finance Directors, and Finance Managers.
- Borrow up to 90% LVR with no LMI
- Maximum loan amount: $5 million
- Minimum income requirement: $100,000 per annum
- Must be registered as CFA or FIAA
Legal Professionals – Up to 90% LVR with No LMI
Solicitors, Barristers, Magistrates, Judges, and Legal Partners qualify for CBA's no LMI home loan.
- Borrow up to 90% LVR with no LMI
- Maximum loan amount: $5 million
- Minimum income requirement: $100,000 per annum
- Must be registered to practice law in Australia
Medical Professionals – Up to 95% LVR with No LMI
CBA offers the highest LMI waiver benefits to medical professionals.
Doctors, Dentists, and Specialists
- Borrow up to 95% LVR with no LMI
- Maximum loan amount: $7.5 million
- No minimum income requirement (except Pharmacists - $150,000 per annum)
- Must be registered with AHPRA
Veterinarians – Up to 95% LVR with No LMI
Veterinarians, Veterinary Specialists, and Veterinary Surgeons qualify for CBA’s no LMI home loan.
- Borrow up to 95% LVR with no LMI
- Maximum loan amount: $7.5 million
- No minimum income requirement
- Must be currently employed and registered with the relevant veterinary board
