Which Allied Health Professionals Qualify for LMI Waivers?
Australian lenders that offer LMI waivers to medical professionals generally extend this to a wide range of AHPRA-registered allied health practitioners, not just doctors and dentists. In 2026, the following allied health professionals are typically eligible:
- Physiotherapists
- Occupational Therapists
- Chiropractors
- Osteopaths
- Podiatrists
- Psychologists (registered with AHPRA)
- Optometrists
- Radiographers and Sonographers
- Speech Pathologists
- Dietitians and Nutritionists (AHPRA-registered)
- Audiologists
The key requirement across most lenders is current AHPRA registration. This signals to the lender that you have a regulated, stable profession with consistent demand and low unemployment risk.
LMI Waiver Details for Allied Health Professionals
| Profession | Max LVR (No LMI) | Key Lenders |
|---|---|---|
| Physiotherapist | 90% | ANZ, CBA, Westpac, St George, NAB |
| Occupational Therapist | 90% | CBA, NAB, St George |
| Chiropractor | 90% | ANZ, CBA, Westpac, Bank of Melbourne |
| Optometrist | 90% | Most major banks |
| Podiatrist | 90% | CBA, NAB, select lenders |
| Psychologist (AHPRA-registered) | 90% | CBA, NAB, St George |
LMI waiver policies change regularly. Your mortgage broker will confirm current eligibility and maximum loan amounts at the time of application.
How Much Does LMI Cost Without a Waiver?
To understand the value of the LMI waiver, here is what a physiotherapist might pay in LMI without one:
| Property Price | Deposit (10%) | LMI Without Waiver | LMI With Waiver |
|---|---|---|---|
| $800,000 | $80,000 | ~$14,400 | $0 |
| $1,100,000 | $110,000 | ~$22,000 | $0 |
| $1,400,000 | $140,000 | ~$30,000 | $0 |
Use our LMI Calculator to calculate the exact saving for your property price and deposit level.
Income Assessment for Allied Health Professionals
Lender income assessment for allied health professionals depends on your employment structure:
- PAYG employee (hospital, community health, clinic employee): Standard assessment — 2 payslips plus tax return. Straightforward and fast.
- Private practice (ABN/self-employed): Most lenders require 2 years' business tax returns, personal tax returns, and accountant letter. Some lenders will consider 1 year for established practitioners.
- Contractor / locum: Similar to self-employed — 1–2 years of income evidence required. Consistent income patterns are important.
For self-employed physiotherapists or allied health professionals, we have extensive experience structuring loan applications that maximise assessed income. See our self-employed home loan guide for more context on non-PAYG income assessment.
How to Apply as an Allied Health Professional in Sydney
Here is what the application process looks like with a specialist broker:
- Confirm eligibility: Your broker checks your AHPRA registration, income type, and deposit position to identify the best lender program.
- Gather documentation: AHPRA registration confirmation, payslips or business financials, bank statements, and identity documents.
- Application: Your broker submits the application, flagging your professional eligibility for the LMI waiver at the outset.
- Approval and settlement: Typically 3–7 business days for straightforward PAYG applications; slightly longer for self-employed practitioners.
See also our full No LMI Professionals guide which covers all eligible professions. For rate comparisons and professional lending guides, visit our partners at Home Loans Hub.
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📅 Book a Free Call Get in Touch →Frequently Asked Questions
Yes. Physiotherapists with current AHPRA registration qualify for LMI waivers at multiple major lenders including ANZ, CBA, Westpac, and St George. You can borrow up to 90% LVR without LMI, saving $14,000–$35,000 depending on the property price and loan amount.
Requirements vary by lender. Some lenders have no minimum income requirement for the allied health LMI waiver; others require a minimum of $90,000–$120,000. Your mortgage broker will identify which lenders match your income level and offer the best rate alongside the waiver.
Yes. AHPRA-registered occupational therapists qualify for LMI waivers at CBA, NAB, St George, and select other lenders. The maximum LVR is typically 90% (meaning a minimum 10% deposit) for OTs.
Yes. Chiropractors with current AHPRA registration are eligible for LMI waivers at ANZ, CBA, Westpac, Bank of Melbourne, and others — typically up to 90% LVR. A 10% deposit is sufficient to avoid LMI entirely.
Yes, but not all lenders extend the professional LMI waiver to self-employed allied health professionals. Some do, provided you have 2 years of business trading history and can provide tax returns. Your broker will identify which lenders accept your income structure and still provide the LMI waiver.