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  • Writer's pictureEsho Capital

LMI Waiver for Professionals - The List Keeps Growing

Updated: Jun 6

Esho Capital LMI Waiver

Over the past few years the list of LMI waiver products for professionals continues to growth. Most lenders tended to grant these waivers to accountants, doctors and lawyers. But in recent years we have seen more lenders innovating and adding new professions such as actors, athletes, engineers, tech industry workers (software engineers etc) and expanding the range of health care professionals to include nurses, radiologists and many more.

The consensus is that the LMI waiver list is moving towards a professional offering, acknowledging that university graduates in stable professions have a certain degree of income certainty that these lenders like.

At Esho Capital, we understand the power of opportunity—especially when it comes to homeownership. That's why we've honed our expertise in LMI waiver products, recognising the profound impact they can have on professionals striving to secure their dream homes. Our mission goes beyond mere transactions; we're here to illuminate pathways to property investment that many may not know exist.

LMI Waiver List Expands into New Professions

Navigating the property market can be daunting, particularly with the added burden of Loan Mortgage Insurance (LMI). Required when your deposit is less than 20% of the property's value, LMI protects lenders, not borrowers. However, for certain professionals, this obstacle can be bypassed through LMI waivers, a benefit we at Esho Capital passionately advocate for.

We have the following dedicated LMI waiver guides:

Why Esho Capital Specialises in LMI Waivers

As of March 2024, the median Sydney house price is $1.6m. That means you need around $400k in combined sanvings to pay a 20% deposit, closing costs and stamp duty. If you have less, the traditional banks and lending products on the market are likely to charge you LMI that could range from $30-40k+ depending on each lender and final LVR.

We believe there is a better way.

Our specialisation in LMI waiver products is driven by a belief in their transformative potential. We've seen firsthand how the removal of LMI can open doors—literally and figuratively—for professionals. It's not just about the substantial savings on LMI costs; it's about accelerating the homeownership journey and expanding borrowing capabilities.

The Esho Capital Difference

What sets Esho Capital apart is our personalised approach. We don't just process applications; we build relationships. Understanding your unique professional and personal landscape allows us to tailor our guidance, ensuring that the advantages of LMI waivers are fully leveraged to meet your specific needs.

Our commitment to showcasing LMI waiver advantages is rooted in a simple philosophy: informed clients make empowered decisions. By demystifying the complexities of LMI waivers, we aim to equip you with the knowledge and tools necessary to navigate the property market confidently.

Working with Esho Capital

Choosing Esho Capital means more than securing an LMI waiver; it's about partnering with a team that shares your vision of homeownership and is committed to making it a reality. We believe that by shedding light on the possibilities LMI waivers offer, we can transform aspirations into achievements.

At Esho Capital, your homeownership dreams are our priority. Let us guide you through the advantages of LMI waivers, unlocking the door to your future home with expertise, care, and a shared vision of success.


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