ANZ · LMI waiver
ANZ LMI waiverto 95% LVR
4 profession groups, no income test stated.
ANZ calls it the ANZ LMI Waiver and waives lenders mortgage insurance up to 95% LVR for: 95% LVR, group one: medical practitioners, dental practitioners and specialists; Group two: physiotherapists, chiropractors, optometrists and vets; Lawyers and solicitors, barristers, judges and magistrates; Accountants with current membership of an eligible accounting institute (CA ANZ, CPA partner bodies, AICPA, ICAEW and other Global Accounting Alliance members). 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. 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. We read ANZ’s own page on 3 November 2026 and quote it below.
ANZ’s own policy page- Max LVR, no LMI
- 95%
- Income test
- Not published
- Professions
- 4
- Last checked
- 3 November 2026
In ANZ’s words
From the page we read, 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.”
What the waiver is worth
On a $720,000 loan at 95% LVR, the insurance ANZ is waiving would be roughly $30,240, a one-off premium that is usually capitalised into the loan and paid off with interest over the term. The estimate is from the insurers’ published tables, and the borrowing pages show what the deposit you keep does to how much you can borrow.
By profession
Whether ANZ lists each one, and who else does.
Every other lender
Who else publishes a waiver, as at 3 November 2026.
Questions
Does ANZ waive LMI for professionals?
Yes, up to 95% LVR. ANZ lists: 95% LVR, group one: medical practitioners, dental practitioners and specialists; Group two: physiotherapists, chiropractors, optometrists and vets; Lawyers and solicitors, barristers, judges and magistrates; Accountants with current membership of an eligible accounting institute (CA ANZ, CPA partner bodies, AICPA, ICAEW and other Global Accounting Alliance members). Its own page says: "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." Checked 3 November 2026.
Which professions does ANZ include?
95% LVR, group one: medical practitioners, dental practitioners and specialists; Group two: physiotherapists, chiropractors, optometrists and vets; Lawyers and solicitors, barristers, judges and magistrates; Accountants with current membership of an eligible accounting institute (CA ANZ, CPA partner bodies, AICPA, ICAEW and other Global Accounting Alliance members). That is ANZ's own wording, which matters: "medical practitioners" and "health professionals" are different lists at different banks.
What is the ANZ LMI waiver income requirement?
ANZ publishes no income test on the page we read. 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.
What evidence does ANZ need?
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.
Does another lender go higher than ANZ?
Not among the lenders we read: ANZ's 95% is the highest published.
Checked against ANZ’s own page on 3 November 2026. Policies change without notice; if something here doesn’t match what they’ve told you, theirs is right and we’d like to know.
Applying to ANZ?
A broker at 1st Street can confirm the policy applies to you before you apply, and whether another lender gives you the waiver and a better rate.
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