Granite Home Loans LMI Waivers – No LMI Home Loans

Granite Home Loans offers LMI waivers for eligible professionals and essential workers, allowing them to secure home loans with as little as a 5% deposit while avoiding costly lenders mortgage insurance.

To access Granite Home Loans' LMI waiver products, borrowers must work with an accredited mortgage broker, such as Craggle.

Eligible Industries and LVR Limits

Industry	Maximum LVR	Examples of Eligible Professionals
Accounting	95%	Accountants, Auditors
Allied Health	95%	Chiropractors, Physiotherapists, Pharmacists, Psychologists
Education	90%	Primary and Secondary School Teachers
Emergency Services	90%	Police Officers, Firefighters, Paramedics
Engineering	95%	Civil Engineers, Electrical Engineers, Industrial Engineers
Information Technology	95%	Software Developers, Cloud Engineers, Systems Administrators
Legal	95%	Solicitors, Barristers, Judges, Magistrates, Partners
Management	95%	Senior Managers, Executives
Medical	95%	Doctors, Dentists, Optometrists, GPs, Specialists, Veterinarians
Nursing	95%	Registered Nurses
Veterinary	95%	Veterinarians, Specialists, Surgeons

Accounting Professionals – Up to 95% LVR with No LMI

Accounting professionals, including accountants and auditors, qualify for Granite Home Loans' LMI waiver program.

Borrow up to 95% LVR with no LMI
Maximum loan amount: $1 million
No minimum income requirements
Owner-occupied residential property or investment property (up to 85% LVR)

Allied Health Professionals – Up to 95% LVR with No LMI

Physiotherapists, pharmacists, psychologists, chiropractors, and other allied health professionals qualify for LMI waivers.

Borrow up to 95% LVR with no LMI
Maximum loan amount: $1 million
No minimum income requirements
Offset account available

Education Professionals – Up to 90% LVR with No LMI

Primary and secondary school teachers qualify for Granite Home Loans' LMI waiver.

Borrow up to 90% LVR with no LMI
Maximum loan amount: $1.5 million
No minimum income requirements

Emergency Services – Up to 90% LVR with No LMI

Police officers, paramedics, and firefighters are eligible for LMI waivers.

Borrow up to 90% LVR with no LMI
Maximum loan amount: $1.5 million

Engineering Professionals – Up to 95% LVR with No LMI

Engineers, including civil, electrical, and industrial engineers, qualify for LMI waivers.

Borrow up to 95% LVR with no LMI
Maximum loan amount: $1 million

IT Professionals – Up to 95% LVR with No LMI

Software developers, cloud engineers, and IT administrators can qualify.

Borrow up to 95% LVR with no LMI
Maximum loan amount: $1 million

Legal Professionals – Up to 95% LVR with No LMI

Solicitors, barristers, magistrates, and judges are eligible for Granite's LMI waiver.

Borrow up to 95% LVR with no LMI
Maximum loan amount: $1 million
Owner-occupied property or investment property (up to 85% LVR)

Executives and Senior Managers – Up to 95% LVR with No LMI

Executives and senior managers with a university degree qualify for LMI waivers.

Borrow up to 95% LVR with no LMI
Maximum loan amount: $1 million

Medical Professionals – Up to 95% LVR with No LMI

Doctors, dentists, GPs, optometrists, and specialists are eligible for Granite Home Loans' LMI waiver.

Borrow up to 95% LVR with no LMI
Maximum loan amount: $1 million
No minimum income requirements
Must be an Australian citizen or permanent resident

Nursing Professionals – Up to 95% LVR with No LMI

Registered nurses are eligible for no LMI home loans.

Borrow up to 95% LVR with no LMI
Maximum loan amount: $1 million

Veterinary Professionals – Up to 95% LVR with No LMI

Veterinarians and specialists qualify for no LMI home loans.

Borrow up to 95% LVR with no LMI
Maximum loan amount: $1 million

Disclaimer: The opinions expressed in this article are strictly for general informational and entertainment purposes only and should not be taken as financial advice or recommendations. While every effort is made to ensure the listed offers are accurate, we make no guarantee regarding their accuracy, completeness, or availability.