Home loans for nurses · November 2026
Home loans for nurses:4 lenders waive LMI
Skip about $30,240 of mortgage insurance.
4 lenders list nurses on their LMI waiver, as at 3 November 2026. All of them go to 95% of the price. Each lender is in the table below. The evidence you need is AHPRA registration as a nurse or midwife. 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 nurses
- 4 of 15
- Highest LVR
- 95%
- No income test
- 0
- Evidence
- AHPRA registration as a nurse or midwife
Lender by lender
Only the lenders whose own policy names nurses. 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 |
|---|---|---|---|
| Westpac | 95% | $90,000 a year for the 90% tier; none for the 95% medical tier | 90% LVR, $90k income: audiologists, chiropractors, midwives, occupational therapists, optometrists, osteopaths, pharmacists, physiotherapists, podiatrists, psychologists, radiographers, registered nurses, sonographers, speech pathologists, veterinary practitioners |
| St.George | 95% | $90,000 a year for the 90% tier; none for the 95% medical tier | 90% LVR, $90k income: audiologists, chiropractors, midwives, occupational therapists, optometrists, osteopaths, pharmacists, physiotherapists, podiatrists, psychologists, radiographers, registered nurses, sonographers, speech pathologists, veterinary practitioners |
| Bank of Melbourne | 95% | $90,000 a year for the 90% tier; none for the 95% medical tier | 90% LVR, $90k income: audiologists, chiropractors, midwives, occupational therapists, optometrists, osteopaths, pharmacists, physiotherapists, podiatrists, psychologists, radiographers, registered nurses, sonographers, speech pathologists, veterinary practitioners |
| BankSA | 95% | $90,000 a year for the 90% tier; none for the 95% medical tier | 90% LVR, $90k income: audiologists, chiropractors, midwives, occupational therapists, optometrists, osteopaths, pharmacists, physiotherapists, podiatrists, psychologists, radiographers, registered nurses, sonographers, speech pathologists, veterinary practitioners |
In the lender’s words
So you can check us.
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.
Other professions
The same register, read for each profession.
Questions
Which lenders waive LMI for nurses?
4 of the 15 lenders we read publish nurses on their waiver list, as at 3 November 2026: Westpac to 95%, St.George to 95%, Bank of Melbourne to 95%, BankSA to 95%. Brokers can often access policies the consumer sites don't show, so the list is a floor, not a ceiling.
What LVR can nurses borrow to without LMI?
95% at 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 nurses?
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 a nurse need?
AHPRA registration as a nurse or midwife, plus payslips for the income test. 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..
Can I use the waiver on an investment property?
It depends on the lender. 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.
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.
Which lender takes nurses this month?
1st Street sees every lender’s credit policy, including waivers the consumer sites don’t show, and which lender also gives you the rate.
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