Audiologist home loans: LMI waivers and deposit options

Eligible audiologists may buy with about a 10% deposit plus buying costs and pay no lenders mortgage insurance (LMI). The professional offers compared here require at least $90k a year from eligible work. I'd first check your qualification, income and the property you want to buy.

Then we can compare the repayments and the cash you'll have left after buying. If you don't meet the profession rules, the general no-LMI and government options below may still fit.

Our LMI waivers guide explains the wider options. You can use the LMI calculator for an estimate, then compare the rate and fees as well as the upfront saving.

A 10% deposit on a $900k home is $90k. With $20k in assumed buying costs, you need $110k in cash for an eligible no-LMI loan. If you start with $200k in savings, that leaves $90k after buying.

This worked illustration uses the same $900k purchase, matching bank valuation, $200k savings and $20k buying-cost allowance in every row. The allowance covers costs other than LMI. It is an assumption, not a fee quote or a stamp duty calculation; your location, concessions and property will change the amount.

The standard 90% row uses the existing LMI calculator estimate of $17,010, checked on 11 September 2026. It assumes you pay that premium upfront. It is an illustration, not a lender or insurer quote. If a lender lets you add the premium to the loan instead, you keep more cash but owe more and pay interest on the added amount.

At the same 90% base loan, avoiding that estimated premium leaves $17,010 more in your savings. Actual rates and fees still matter. I'd compare the total cost before choosing between a profession waiver and a general no-LMI product.

Compared with a 20% contribution, putting in 10% leaves $90k more cash and adds $90k to the loan. The 80% row uses all $200k of your savings under these assumptions. Higher costs would need extra money. I'd make sure the repayments and the cash buffer both work for you.

The government-scheme row only applies if you and the $900k property meet the scheme rules, including its local price cap, and the lender approves the loan. The scheme is a separate route from an audiologist waiver.

Buying costs can include stamp duty after any concessions, transfer and mortgage registration, conveyancing, inspections and lender or settlement fees. Use the deposit calculator to start your budget. We'll check the loan costs, and your conveyancer can confirm the purchase costs, before you rely on the total.

Qualified audiologists may be eligible if their professional income, property and application meet the lender's rules. A tax return, university qualification or the Audiology Australia accredited register may provide the evidence needed. I'll check which evidence fits before asking you to gather more.

Audiometrists, hearing services assistants and other hearing roles don't automatically qualify for an audiologist waiver. I'd check your actual qualification and work before setting a deposit target.

Westpac and St George require at least $90k a year from eligible professional work for the offers compared here. Qualifying income from 2 eligible applicants may be combined.

Your partner's salary may help cover repayments. It only counts towards the $90k minimum if their work also qualifies. I'd check these income sources separately before setting your buying budget. If there's still a gap, we can compare the other options below.

Salary, casual earnings and clinic income can all be considered. How much a lender accepts depends on your work history and records. Send us your base salary, commission and other incentives separately so we can check what counts before setting your buying budget.

For casual waiver applicants, Westpac calculates income over 52 weeks. Bring records from busy and quieter months, as well as your latest payslip. They help show what you regularly earn.

Waiver eligibility and borrowing capacity are separate checks. We'll assess how much of your overtime, allowances, commission and extra sessions each suitable lender can count. Your expenses and other debts also affect how much you can borrow.

If you run a clinic, I'd check how the lender assesses your business income before relying on a 10% deposit. Westpac's broker policy says its 90% professional waiver cannot be combined with Fast Track assessment. We need to work through the income records that support your application.

Send us your qualification evidence and a breakdown of your pay. We'll check the waiver first, then compare how much you may be able to borrow before you apply.

Westpac and St George have profession waivers for eligible audiologists. ubank has a separate general no-LMI option. The table compares their starting points.

I'd then compare the rates, fees and products that fit you. We also check any limits on your existing and proposed borrowing with the same lender group. We work with more lenders than these examples.

Westpac and St George are part of the same group. If you already borrow from either brand, I'd check the group's limit on your combined loans.

Income from 2 eligible applicants may be combined for the $90k professional-income test. Unrelated income can help cover repayments, but it won't replace that minimum.

Compare repayments and fees alongside the LMI saving. Include application, valuation and settlement charges, plus ongoing account, offset or package fees.

If you're refinancing, add the fee for closing your existing loan and any cost of ending a fixed rate early. That shows the cost of moving as well as the cost of the new loan.

Eligible buyers may use the Australian Government 5% Deposit Scheme to buy a home to live in with 5% deposit and no LMI. Check the government's buyer eligibility rules, the local property price cap and the participating lender's requirements. Buying costs are extra.

Using the same $900k price, $200k savings and $20k cost allowance as the earlier illustration, a 5% contribution is $45k and the loan is $855k. You'd have $135k left after buying. Compared with the 10% no-LMI option, that leaves $45k more cash and adds $45k to the loan.

That comparison only works if the $900k property is within the scheme's local price cap and you qualify. I'd check those points and the repayments before using the 5% figure in your budget.

A general loan without LMI at 90% may fit if you can afford the repayments but miss the profession rules. Check the purchase and refinance limits separately; they can differ.

A family guarantee may also reduce or avoid LMI. It puts the guarantor's property at risk. We'd work through the amount and how the guarantee could be released. Saving more or paying LMI on another suitable loan may also be worth comparing.

Start with proof of your qualification, income, savings and debts. If you're still searching, send the records you have. Once you've found a property, we'll check its details and the cash needed to complete the purchase.

Tell us about upcoming leave, a change in hours, a new clinic or a planned business purchase. These can change your income and debts before the loan starts.

The lender pays us commission, which we disclose before you proceed. We compare the waiver with other suitable loans so you can weigh up the repayments, features and total cost.