Home loans for accountants · November 2026
Home loans for accountants:8 lenders waive LMI
Skip about $30,240 of mortgage insurance.
8 lenders list accountants on their LMI waiver, as at 3 November 2026. 5 go to 95% of the price. 4 set no income test. Each lender is in the table below. The evidence you need is CPA, CA ANZ or IPA membership. On a $720,000 loan with a 10% deposit (90% LVR, the loan as a share of the price) the waiver is worth about $15,840; with 5% down, about $30,240.
- List accountants
- 8 of 15
- Highest LVR
- 95%
- No income test
- 4
- Evidence
- CPA, CA ANZ or IPA membership
Lender by lender
Only the lenders whose own policy names accountants. The lender’s wording for the profession is in the last column, and on a phone in each lender’s own words further down.
| Lender | Max LVR, no LMI | Income test | Lender’s wording |
|---|---|---|---|
| ANZ | 95% | Not published | Accountants with current membership of an eligible accounting institute (CA ANZ, CPA partner bodies, AICPA, ICAEW and other Global Accounting Alliance members) |
| Westpac | 95% | $90,000 a year for the 90% tier; none for the 95% medical tier | 90% LVR (broker policy): accounting and legal professionals |
| St.George | 95% | $90,000 a year for the 90% tier; none for the 95% medical tier | 90% LVR (broker policy): accounting and legal professionals |
| Bank of Melbourne | 95% | $90,000 a year for the 90% tier; none for the 95% medical tier | 90% LVR (broker policy): accounting and legal professionals |
| BankSA | 95% | $90,000 a year for the 90% tier; none for the 95% medical tier | 90% LVR (broker policy): accounting and legal professionals |
| CommBank | 90% | Not published | Accountants |
| Bank of Queensland | 90% | Not published | Doctors, dentists, veterinarians and accountants (through BOQ Specialist) |
| NAB | Not published | Not published | Financial professionals: accountants (CA, CPA, IPA), actuaries (FIAA), financial analysts (CFA) |
In the lender’s words
So you can check us.
ANZ — ANZ LMI Waiver
“If your customer is an eligible medical professional and applies for new or increased lending and has a loan to value ratio (LVR) of up to 95% (as assessed by ANZ), ANZ will waive the premium on the Lenders Mortgage Insurance for that loan.” Evidence: Current AHPRA general or specialist registration for medical and dental (provisional, limited and non-practising registration don't qualify); a current practising certificate from the state body for lawyers and barristers (supervised-practice conditions accepted); a commission or letter of appointment for judges and magistrates; current institute membership for accountants. The 95% tier assumes an owner-occupier principal-and-interest loan with a debt-to-income ratio under 6; investment and interest-only need a different deposit. Borrowing up to $4.75m, on a house or townhouse ANZ values at up to $5m or a unit at up to $4m (higher in some postcodes), with total ANZ home lending of $8m or less, and the applicant must hold at least an equal share of the property. Not on ANZ Plus loans. ANZ's LMI waiver fact sheet gives the profession groups but no LVR for groups other than medical, and lists nurses, midwives, pharmacists, psychologists, podiatrists, osteopaths, occupational therapists, radiographers and dental hygienists as ineligible.
Westpac — Medico and industry LMI waivers
“Medico - 95% LVR+ LMI waiver: Dentists, General Practitioners, Hospital-employed Doctors (Intern, Resident, Registrar, Staff Specialist), Medical Specialists. Medico - 90% LVR+ LMI waiver: Minimum income threshold of $90,000 per annum.” Evidence: Professional qualifications are verified with the application; nurses and midwives must be registered. The accrediting bodies are not named on the public pages. Maximum loan $5m, $7.5m total lending with a waiver. The 90% tier can't be combined with Fast Track. Whether investment loans and packages qualify is not stated on the public pages.
St.George — Medico Policy and Industry Specialisation Policies
“No minimum income is needed for these professions, with a maximum LVR of up to 95%, with no LMI. Dentist, General Practitioners, Hospital-employed Doctors (Intern, Resident, Registrar, Staff Specialist), Medical Specialists (as per the Medical Board of Australia).” Evidence: Medical specialists as defined by the Medical Board of Australia; self-employed and casual professionals in the listed fields are included. Registration documents are not specified on the consumer page. Applies to variable and fixed loans, owner-occupied or investment, whether employed, self-employed, casual or contract. The consumer page no longer prints a loan cap or the Fast Track rule; Westpac's group broker policy still sets a $5m maximum loan ($7.5m total lending with a waiver) and bars the 90% tier from Fast Track.
Bank of Melbourne — Medico Policy and Industry Specialisation Policies
“Those in the listed healthcare and emergency service professions can apply for up to 90% LVR with no LMI, and must have a minimum income of $90k per year.” Evidence: Medical specialists as defined by the Medical Board of Australia; self-employed and casual professionals in the listed fields are included. Applies to variable and fixed loans, owner-occupied or investment, whether employed, self-employed, casual or contract. The consumer page no longer prints a loan cap or the Fast Track rule; Westpac's group broker policy still sets a $5m maximum loan ($7.5m total lending with a waiver) and bars the 90% tier from Fast Track.
BankSA — Medico Policy and Industry Specialisation Policies
“No minimum income is needed for these professions, with a maximum LVR of up to 95%, with no LMI. Dentist, General Practitioners, Hospital-employed Doctors (Intern, Resident, Registrar, Staff Specialist), Medical Specialists (as per the Medical Board of Australia).” Evidence: Medical specialists as defined by the Medical Board of Australia; self-employed and casual professionals in the listed fields are included. Applies to variable and fixed loans, owner-occupied or investment, whether employed, self-employed, casual or contract. The consumer page no longer prints a loan cap or the Fast Track rule; Westpac's group broker policy still sets a $5m maximum loan ($7.5m total lending with a waiver) and bars the 90% tier from Fast Track.
CommBank — LMI waiver
“Are you a doctor, lawyer or accountant? Speak to a Home Lending Specialist to check if your profession is eligible for a LMI waiver with a deposit of as little as 10%.” CommBank publishes only the deposit: as little as 10%, which is 90% LVR. The income test, the evidence, whether investment loans qualify and the full profession list are not on its site; it says to ask a Home Lending Specialist.
Bank of Queensland — BOQ Specialist no-LMI lending
“You may be able to borrow up to 90% of your property's value and avoid paying lenders mortgage insurance (LMI).” Published by BOQ Specialist, a division of Bank of Queensland, not on boq.com.au. Stated conditionally and subject to credit approval; the Banking Package carries an annual package fee the page does not state. Whether the 90% applies to investment loans, and any income test or evidence, is not published.
NAB — LMI waivers for medical and professional services
“This waiver is subject to eligibility criteria dependent on profession, loan type and loan-to-valuation (LVR) ratio thresholds. To qualify for a LMI waiver, medical professionals must be practicing in an acceptable field (outlined here) and a current registered member of the Australian Health Practitioner Regulation Agency (AHPRA).” Evidence: Current AHPRA registration for medical professions; current membership of CA, CPA, IPA, FIAA or the CFA Institute for financial professions; a current practising certificate for legal professions. NAB publishes the profession lists and the registration bodies but not the maximum LVR, an income test or a loan cap; it says eligibility depends on profession, loan type and LVR thresholds and directs you to a lender or broker.
Other professions
The same register, read for each profession.
Questions
Which lenders waive LMI for accountants?
8 of the 15 lenders we read publish accountants on their waiver list, as at 3 November 2026: ANZ to 95%, Westpac to 95%, St.George to 95%, Bank of Melbourne to 95%, BankSA to 95%, CommBank to 90%, Bank of Queensland to 90%, NAB. Brokers can often access policies the consumer sites don't show, so the list is a floor, not a ceiling.
What LVR can accountants borrow to without LMI?
95% at ANZ, Westpac, St.George, Bank of Melbourne and BankSA. On a $720,000 loan the premium that removes is roughly $30,240, a one-off amount that would otherwise be added to the loan.
Is there an income test for accountants?
ANZ, CommBank, Bank of Queensland and NAB publish none. Elsewhere: Westpac $90,000 a year for the 90% tier; none for the 95% medical tier; St.George $90,000 a year for the 90% tier; none for the 95% medical tier; Bank of Melbourne $90,000 a year for the 90% tier; none for the 95% medical tier; BankSA $90,000 a year for the 90% tier; none for the 95% medical tier. Where there is a test it is usually the same figure the lender uses for every listed profession.
What evidence does an accountant need?
CPA, CA ANZ or IPA membership, plus payslips for the income test. ANZ: Current AHPRA general or specialist registration for medical and dental (provisional, limited and non-practising registration don't qualify); a current practising certificate from the state body for lawyers and barristers (supervised-practice conditions accepted); a commission or letter of appointment for judges and magistrates; current institute membership for accountants.. Westpac: Professional qualifications are verified with the application; nurses and midwives must be registered. The accrediting bodies are not named on the public pages.. St.George: Medical specialists as defined by the Medical Board of Australia; self-employed and casual professionals in the listed fields are included. Registration documents are not specified on the consumer page.. Bank of Melbourne: Medical specialists as defined by the Medical Board of Australia; self-employed and casual professionals in the listed fields are included.. BankSA: Medical specialists as defined by the Medical Board of Australia; self-employed and casual professionals in the listed fields are included.. NAB: Current AHPRA registration for medical professions; current membership of CA, CPA, IPA, FIAA or the CFA Institute for financial professions; a current practising certificate for legal professions..
Can I use the waiver on an investment property?
It depends on the lender. ANZ: The 95% tier assumes an owner-occupier principal-and-interest loan with a debt-to-income ratio under 6; investment and interest-only need a different deposit. Borrowing up to $4.75m, on a house or townhouse ANZ values at up to $5m or a unit at up to $4m (higher in some postcodes), with total ANZ home lending of $8m or less, and the applicant must hold at least an equal share of the property. Not on ANZ Plus loans. ANZ's LMI waiver fact sheet gives the profession groups but no LVR for groups other than medical, and lists nurses, midwives, pharmacists, psychologists, podiatrists, osteopaths, occupational therapists, radiographers and dental hygienists as ineligible. Westpac: Maximum loan $5m, $7.5m total lending with a waiver. The 90% tier can't be combined with Fast Track. Whether investment loans and packages qualify is not stated on the public pages. St.George: Applies to variable and fixed loans, owner-occupied or investment, whether employed, self-employed, casual or contract. The consumer page no longer prints a loan cap or the Fast Track rule; Westpac's group broker policy still sets a $5m maximum loan ($7.5m total lending with a waiver) and bars the 90% tier from Fast Track. Bank of Melbourne: Applies to variable and fixed loans, owner-occupied or investment, whether employed, self-employed, casual or contract. The consumer page no longer prints a loan cap or the Fast Track rule; Westpac's group broker policy still sets a $5m maximum loan ($7.5m total lending with a waiver) and bars the 90% tier from Fast Track. BankSA: Applies to variable and fixed loans, owner-occupied or investment, whether employed, self-employed, casual or contract. The consumer page no longer prints a loan cap or the Fast Track rule; Westpac's group broker policy still sets a $5m maximum loan ($7.5m total lending with a waiver) and bars the 90% tier from Fast Track. CommBank: CommBank publishes only the deposit: as little as 10%, which is 90% LVR. The income test, the evidence, whether investment loans qualify and the full profession list are not on its site; it says to ask a Home Lending Specialist. Bank of Queensland: Published by BOQ Specialist, a division of Bank of Queensland, not on boq.com.au. Stated conditionally and subject to credit approval; the Banking Package carries an annual package fee the page does not state. Whether the 90% applies to investment loans, and any income test or evidence, is not published. NAB: NAB publishes the profession lists and the registration bodies but not the maximum LVR, an income test or a loan cap; it says eligibility depends on profession, loan type and LVR thresholds and directs you to a lender or broker.
Checked 3 November 2026 against each lender’s own policy page; re-read monthly. Profession lists and income tests change without notice; confirm with the lender before you rely on a row. LMI estimates are a guide from insurers’ published tables, not a quote.
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