LMI Waiver Home Loans for Allied Health Professionals
If you work in Allied Health and are considering buying your first home or upgrading to your next home, waiting to save a 20% deposit (plus costs) can take years. At Rosh Partners, we have access to specialised no LMI home loans for Allied Health professionals, letting you buy with just a 5% deposit and borrow up to 95% LVR, avoiding all Lenders Mortgage Insurance (LMI) costs.
What Does “No LMI” Actually Mean?
Normally, if you borrow more than 80% of a property’s value, lenders charge Lenders Mortgage Insurance (LMI) — a one-off premium that protects the bank, not you.
On a $1,000,000 purchase at 95% LVR, LMI can easily cost $33,000–$36,000+.
However, many lenders recognise the stability and income strength of Allied Health professionals and offer policy exceptions that allow:
Borrowing up to 95% LVR
With only a 5% genuine deposit
No LMI payable
Competitive interest rate options
This is not widely advertised — and lender policies vary significantly — which is why structuring is critical.
What Allied Health Professionals Qualify for a No LMI Home Loan?
To access a no LMI home loan as an Allied Health professional, you generally need to meet the following criteria:
Professional Qualifications & Work
Hold a relevant University Degree (international degrees accepted).
Be currently employed in an approved Allied Health discipline such as physiotherapists, occupational therapists, speech pathologists, psychologists, pharmacists, podiatrists, dietitian’sand various medical imaging professionals (radiographers, sonographers)
Meet specific lender criteria, which may include income thresholds and deposit amounts.
Lenders assess your individual circumstances — including savings, repayment capacity and credit history — as part of the approval process.
These criteria reflect how lenders view Allied Health professionals as low‑risk borrowers due to stable income prospects and strong employment demand, making you eligible for policy exceptions not available to the general market.
Why Buying Sooner Can Be a Financial Advantage
1️⃣ First Home Buyers: Stop Waiting for 20%
For many Allied Health professionals, income is strong — but saving a 20% deposit in today’s property market can take years.
While you’re saving:
Property values may continue rising
Your required deposit grows with the market
You continue paying rent
You miss out on capital growth
Buying with 5% instead of 20% means:
You enter the market earlier
You start building equity sooner
Your repayments go toward ownership instead of rent
You benefit from potential capital growth from day one
In many scenarios, buying earlier with 5% (and no LMI) can outperform waiting 5+ years to save 20%. The key is modelling the numbers properly — which we do in detail before any recommendation is made.
2️⃣ Next Home Buyers: Upgrade Without Waiting Years
As an Allied Health professional, If you already own property but don’t have enough equity to reach a 20% deposit on your next home, this strategy can be extremely powerful.
Instead of:
Selling
Renting temporarily
Or delaying your upgrade
You may be able to:
Purchase with a 5% deposit
Avoid LMI
Retain liquidity
Structure your existing equity strategically
This is particularly valuable for growing families or professionals relocating for career progression.
The Long-Term Strategy: Refinancing at 80% LVR
Buying with a 5% deposit is step one. Step two is planning your path to 80% LVR. Why 80%?
Because once your loan reaches 80% of the property value or below, you typically:
Access sharper interest rate pricing
Avoid LMI if refinancing
Gain more lender options
Unlock usable equity
At Rosh Partners, we don’t just arrange your initial loan — we model your future refinance position from day one.
How We Model Your Future LVR
This is where most brokers stop — and where we begin. We build detailed projections based on:
Your repayment capacity
Planned periodic over-payments
Conservative capital growth assumptions
Different rate scenarios
Offset usage strategies
We can show you:
When you’re likely to hit 90% LVR
When you’re projected to hit 85%
When you can refinance at 80%
How extra repayments accelerate that timeline
Why Allied Health Professionals Choose Rosh Partners
We understand the unique challenges and opportunities for Allied Health professionals: contract work, self-employed income, career mobility and rapid income growth. Our brokers combine specialist lender knowledge with strategic long-term planning, so you don’t just get a loan — you get a clear path to home ownership and equity growth.
Contact Rosh Partners to see how a no LMI home loan with a 5% deposit could work for your first or next home.
