LMI waivers
Borrow up to 90% of the property value without LMI, with eligible lenders.
FOR PSYCHOLOGISTS
Home loans for psychologists.
You look after clients.
We’ll look after your loan.
Some lenders recognise psychologists’ stable careers with LMI waivers up to 90% LVR and professional pricing. We compare those policies across our lender panel, whether you’re employed, contracting to a clinic or running your own private practice. Personal guidance from Ausfirst Lending Group, based in Caloundra.
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Registered psychologist?You may skip LMI at 90%.
LMIwaivers up
to 90% LVR.
to 90% LVR.
40+Lenders on our panel
30+ yearsRichard’s broking experience
$0Broker fee for home loans
Local careQueensland-wide
WHAT PSYCHOLOGISTS MAY ACCESS
Health professional
lending benefits.
Some lenders offer packages for health professionals, assessed case by case. If you’ve struggled with a bank before, a lender with a health professional policy may see your application differently.
Professional packages
Rate discounts, fee waivers or dedicated lending teams, depending on the lender.
Practice income understood
Salaried, contractor and private practice income, matched to lender policy.
Early in your career? A waiver could help you buy sooner with a smaller deposit and lower upfront costs.
Start with a free chatWHAT LENDERS LOOK AT
LMI waiver eligibility
for psychologists.
LMI usually applies above 80% LVR. Lenders that list psychologists may waive it up to 90%, depending on their criteria.
Registration
Current registration as a psychologist through AHPRA.
Experience and stability
Your time in practice and employment stability.
Income
Some lenders set a minimum income for the waiver.
Loan limits
Waivers often cap the loan size, which varies by lender.
AN EXAMPLE
A $850,000 purchase at 90%
| What you compare | Standard loan | With waiver |
|---|---|---|
| Deposit | $85,000 | $85,000 |
| Loan | $765,000 | $765,000 |
| LMI | Usually payable | Waived if eligible |
| Eligibility | Standard | Registration and lender limits |
LMI is paid upfront or added to the loan; its cost depends on loan size, LVR and lender. Waiver policies vary and can change.
Check my eligibilityKNOW YOUR NUMBERS
Buy sooner,
keep more savings.
A 10% deposit without LMI means less time saving and more cash left for furniture, a buffer or your next purchase.
We check which lenders include psychologists in their waiver policies and whether their loan limits fit your purchase.
- Your AHPRA registration
- The lender’s waiver LVR
- Maximum loan size under the waiver
- Stamp duty and buying costs
YOUR WAIVER, AT A GLANCE
How much could you keep?
$200k$3m
Capital kept vs a 20% deposit$85,000
Deposit needed with waiver$85,000
Your savingsCovered, $15,000 spare
Illustration only, not a borrowing assessment. Excludes stamp duty and buying costs. Eligibility, waiver LVRs and loan limits vary by lender.
Check my actual optionsHOW YOU EARN
Employed, contractor
or private practice.
How you’re paid shapes which lenders and documents suit you. We match your income structure to lender policy.
PRIVATE PRACTICE AND CONTRACTORS
Income through an ABN.
Many psychologists contract to clinics or run their own practice, billing through an ABN. That income is usually assessed as self-employed, on one to two years of tax returns.
Part-time and contract income can also qualify when it’s consistent.
Hospital, government or clinic
Payslips, with some lenders accepting a shorter employment history for registered professionals, including recent graduates.
Other paths
A family guarantee, the 5% Deposit Scheme for first home buyers, or a loan with LMI may still help you buy sooner.
Lender policies on health professional waivers and income vary and can change.
Let’s check your eligibility. We’ll match your registration and income to lenders whose policies fit.
Check my next stepsDOCUMENTS TO PREPARE
Get your paperwork
ready early.
Preparing these in advance helps your application move quickly.
Identification
Passport or driver’s licence.
Proof of income
Payslips, or tax returns if you contract or own a practice.
AHPRA details
Evidence of your current psychology registration.
Statements
Bank statements, and current loan statements if refinancing.
LOAN FEATURES
Waived LMI, standard
features.
Loans with waived LMI often still include standard features, depending on the lender.
Fixed, variable or split
Balance repayment certainty with flexibility.
Offset accounts
Reduce interest while keeping funds accessible.
Redraw
Withdraw extra repayments when you need them.
Interest-only
Lower repayments for a set term, often for investments.
In mental health but not a psychologist? Some lenders extend similar policies to other registered health professionals.
Explore LMI waived loansFROM FIRST CHAT TO SETTLEMENT
Six steps.
One broker beside you.
We guide you through each step, so you can keep focusing on your patients.
UNDERSTAND
Talk through your goals
By phone, Zoom or in person. Your plans, income and registration.
GATHER
Collect your documents
Income, registration details and statements.
ANALYSE & PLAN
Compare health professional policies
Waivers, loan limits and packages across our panel.
APPLY
Present your application
We present your income and registration to fit lender policy.
FINALISE
Manage settlement
We coordinate settlement and keep you informed.
SUPPORT
Review over time
We review your rate and options as your career grows.
Richard LukeFounder · Ausfirst Lending Group
WHAT MAKES AUSFIRST DIFFERENT
Your career is personal.
Your broker should be, too.
You’re looked after by someone who treats your financial success as his own.
Richard brings more than 30 years of hands-on broking experience. He takes the time to understand your profession, income structure and long-term goals before comparing options from our panel.
Whether you’re buying your first home, refinancing or growing a portfolio, you get clear advice, regular updates and support through to settlement.
Health professional lendingOngoing loan reviews2024 Sunshine Coast Business Awards finalist
Talk to a brokerMore about RichardWHAT OUR CLIENTS SAY
Good people.
Great support.
ExcellentBased on 35 Google reviews
Google review
“I would describe Richard and Ausfirst Lending as friendly, insightful, prompt and diligent. A pleasure to deal with.”
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“Debbie made the process of buying a new house frictionless, by providing excellent support throughout”
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“I received very prompt responses to all of my questions and the team ensured that my application was processed in a timely manner. The service was brilliant!”
Excerpts from client reviews displayed on Ausfirst’s website. These reflect individual experiences.
LET’S CLEAR THINGS UP
Loans for psychologists.
Real questions.
The questions psychologists ask us most. Your circumstances matter, so we’re happy to talk through the detail.
Ask a questionCan psychologists get an LMI waiver?
Some lenders include psychologists in their health professional policies and may waive LMI up to 90% LVR. Eligibility is assessed case by case.
Do I need to be registered with AHPRA?
Usually, yes. Lenders generally want current registration as a psychologist before applying a professional waiver.
Is there a minimum income?
It depends on the lender. Some set a minimum income for the waiver, while others focus on registration and stability.
Can I get a waiver if I’m in private practice?
Often, yes. Partners and owners usually need one to two years of tax returns and business financials, and lender policies vary.
What if I don’t qualify for a waiver?
You may still buy with a family guarantee, the 5% Deposit Scheme if you’re a first home buyer, or a loan with LMI. We’ll compare the options.
Do I need to work full-time?
Not necessarily. Some lenders accept part-time, contract or self-employed income when it’s consistent.
What if I work in mental health but I’m not a psychologist?
You may still be eligible. Some lenders include other registered health professionals; counsellors and social workers are covered less often. We’ll check your role.
WE’RE HERE TO HELP
Move forward
with confidence.
Whether you’re early in your career or have practised for years, we’ll show you which lending pathways reflect your professional standing.
LMI waiver eligibility checked
Professional packages compared
Personal guidance from an experienced team
Visit us in Caloundra
Suite 3/74 Bulcock St, Caloundra QLD 4551
Monday–Friday, 9 am–5 pm
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