Eligible Industries and LVR Limits

Medical Professionals – Up to 90% LVR with No LMI

Macquarie Bank provides no LMI home loan options exclusively for medical professionals, including:

Doctors, General Practitioners, Specialists, and Surgeons

• Borrow up to 90% LVR with no LMI
• No minimum income requirement
• Must be currently employed in Australia and actively working for at least 2 years
• Must be registered with AHPRA
• Require documentation proving professional registration

If you are a healthcare worker not listed above, you may not be eligible for a Macquarie LMI waiver, but other banks may offer no LMI home loans for medical professionals. Contact us for assistance in finding lenders that will waive LMI for your profession.

Applying for a Macquarie Bank LMI Waiver

Applying for an LMI waiver at Macquarie Bank involves several steps:

1. Check Eligibility: Determine if your profession qualifies for an LMI waiver.
2. Consult a Mortgage Broker: A Macquarie mortgage broker can help you through the process.
3. Gather Documentation: Proof of professional registration, employment history, and income statements.
4. Submit Application: Provide all required documentation for review.
5. Lender Assessment: Macquarie Bank will verify your eligibility and conduct a credit assessment.
6. Approval & Settlement: If approved, your mortgage will be finalized without LMI costs.

Alternatives to Macquarie Bank’s LMI Waivers

If you do not qualify for a Macquarie LMI waiver, consider:

• Other lenders that offer no LMI home loans for additional professional categories.
• Saving a larger deposit: A 20% deposit eliminates the need for LMI.
• Guarantor loans: A family member can secure the loan to waive LMI.
• First Home Guarantee (FHBG): Government-backed support for first-time buyers with a 5% deposit and no LMI.