As a midwife, your dedication to bringing new life into the world deserves a home loan that works as hard as you do. With special Lenders Mortgage Insurance (LMI) waivers available to healthcare professionals, you can borrow up to 95% of a property’s value with as little as a 10% deposit. This means you can get onto the property ladder sooner and keep more of your savings for renovations or family life. Our specialist brokers understand the unique income patterns of midwives, including overtime and allowances, and will help you maximise your borrowing power.

LMI waivers remove the costly insurance premium that most borrowers must pay when they have less than a 20% deposit. This can save you tens of thousands of dollars and lower your repayments. To learn more about how LMI works, visit the Australian Government’s MoneySmart guide on borrowing for a home. Our team will compare options from a range of reputable lenders, secure competitive interest rates and tailor a loan that suits your lifestyle and long‑term goals.

Home Loans for Midwives: LMI Waiver & Tailored Lending Solutions

As a midwife, your dedication to supporting families through pregnancy and childbirth deserves recognition. In Australia, midwives are considered low-risk, essential professionals, so lenders offer special home loan packages that can help you get into a home sooner and save money.

Why Midwives Receive Special Home Loan Benefits

Midwives play a critical role in our healthcare system. Because of their stable employment and strong earning potential, lenders view midwives as low-risk borrowers. This means you may qualify for:

• Borrowing up to 90–95% of a property’s value with as little as a 10% deposit thanks to an LMI waiver.
• Waived Lenders Mortgage Insurance (LMI), potentially saving you tens of thousands in premiums.
• Competitive interest rate discounts compared to standard loans.
• Higher borrowing power because lenders may count 100% of your overtime, shift loadings and allowances.
• Tailored loan features such as offset accounts, flexible repayments and the ability to choose between fixed and variable rates.

Benefits of LMI Waiver Home Loans for Midwives

• Lower deposit. With an LMI waiver you don’t need a 20% deposit – a 10% deposit (or even less if you qualify for a government guarantee scheme) can be enough, letting you enter the property market sooner.
• Savings on insurance premiums. LMI can cost between $8,000 and $30,000 on a typical loan; by securing an LMI waiver you keep that money in your pocket.
• Greater borrowing capacity. Because lenders view midwives as low‑risk, they may lend up to 95% of the property value and include your overtime and allowances when assessing income.
• Access to specialised lenders. A range of lenders offer professional packages for midwives, providing personalised service and competitive rates.

Eligibility Criteria

Every lender has its own eligibility requirements, but most expect midwives to meet the following:

• You must be a fully qualified, registered midwife with the Australian Health Practitioner Regulation Agency (AHPRA).
• You should have a stable full‑time or part‑time position with a minimum annual income (often around AU $90,000) including any overtime or allowances.
• Provide evidence of a deposit of at least 10% (some lenders require evidence of genuine savings).
• Be an Australian citizen or permanent resident with a clean credit history.
• The property you purchase should be owner‑occupied (investment properties may have different criteria).
• Have up‑to‑date payslips, employment letter, proof of registration and identification documents ready.

Because lender policies vary, speaking with a specialist mortgage broker can help you navigate the options, compare offers and ensure you qualify for the best possible deal.

Frequently Asked Questions

Can midwives get a home loan with a low deposit?

Yes. Thanks to professional LMI waiver programs, midwives can borrow up to 90–95% of a property’s value with as little as a 10% deposit. This means you don’t need to save a full 20% deposit to buy a home.

What is an LMI waiver and how does it benefit midwives?

An LMI waiver means that the lender agrees to waive the usual Lenders Mortgage Insurance premium normally charged when you borrow more than 80% of a property’s value. For eligible midwives, this can save between $8,000 and $30,000 in upfront costs and reduce the amount of deposit you need.

What documents do I need to qualify for a midwife home loan?

You’ll generally need to provide proof of your registration with AHPRA, recent payslips and a letter of employment, evidence of your deposit (bank statements), photo identification and details of the property you wish to purchase. A mortgage broker can help you prepare and present these documents to lenders.

Do I need to be a first‑home buyer to access a midwife home loan?

No. LMI waiver home loans for midwives are not restricted to first‑time buyers. Whether you’re buying your first home or upgrading, you may be eligible for the program provided you meet the lender’s criteria.

Ready to discover your options? Book your free consultation or get in touch on 0488 220 222 to speak with a specialist today. We’ll guide you through the process, compare offers from a range of lenders and help you secure a competitive home loan tailored to your career.