Frontline Service Deserves
Frontline Treatment.

Lenders Mortgage Insurance (LMI) is a one-off cost charged when you borrow more than 80% of your property's value. On a $600,000 home with a 10% deposit, LMI typically costs between $12,000 and $20,000 depending on the lender. It protects the bank, not you.

In recent years, frontline paramedics have been added to LMI waiver programs at several major banks. CBA's expanded pilot, Westpac's emergency services LMI waiver, and specialist lenders like People's Choice, BankVic and Granite Home Loans all now recognise paramedics. The savings are significant: that $15,000+ stays in your pocket.

The catch? These waivers aren't advertised heavily, eligibility varies between lenders, and many paramedics don't know they exist. That's where we come in.

• LMI Waiver up to 90% LVR

  For frontline paramedics, several major banks (CBA's expanded pilot includes paramedics with no minimum income criteria, and Westpac's emergency services program covers ambulance officers). Save $15,000–$20,000+.

• 100% Shift Allowances Counted

  Paramedic shift work generates significant overtime, penalties and allowances. Many lenders only assess 80% of these, but some specialist lenders count 100% - significantly increasing your borrowing capacity. Choosing the right lender is critical.

• Federal 5% Deposit Scheme

  From January 2026, the Federal Government's expanded First Home Guarantee allows eligible first home buyers to purchase with just a 5% deposit and no LMI - regardless of profession. This stacks well for paramedics entering the market.

• Essential Worker Packages

  Several specialist lenders (Bank First, BankVic, People's Choice, Granite Home Loans) offer dedicated emergency services packages that bundle paramedics with police and firefighters. Sometimes more flexible than the major banks.

• Specialist Income Treatment

  Casual paramedics and intensive care paramedics often have unusual income patterns - heavy overtime in busy seasons, complex penalty structures. We work with specialist lenders who understand these and assess income fairly.

• Already Own? Refinance and Save

  If you bought before knowing about these programs and paid LMI, you can't get that back. But you may be able to refinance to a paramedic-friendly lender and unlock better rates and product features going forward.

• 1

  Registered Paramedic

  You hold current registration with the Paramedicine Board of Australia (AHPRA-registered) and work as a frontline paramedic. Note: First responders and ambulance officers in similar roles may also qualify under emergency services packages.

• 2

  Income Threshold

  Some lenders (like CBA in their expanded pilot) have no minimum income requirement for paramedics. Others (like Westpac) require $90,000+ inclusive of shift allowances, penalties and overtime. Either way, you have options.

• 3

  Frontline Role

  Most LMI waiver policies are for frontline paramedics - actively responding to emergencies. Office-based, admin or training roles within ambulance services often don't qualify under the medico/emergency waivers, though specialist lenders may still help.

• 4

  Off Probation

  Lenders typically require you to be employed off probation. Some allow recent role changes if you've been a paramedic for 2+ years total. Probationary employees may still qualify for 85% LVR loans without the medico waiver.

• 5

  10% Deposit Saved

  For the standard 90% LVR LMI waiver, you'll need a 10% deposit. If you're a first home buyer, the Federal 5% Deposit Scheme (expanded January 2026) can help bridge the gap if you don't have 10% saved yet.

• 6

  Buying as Owner-Occupier

  Most LMI waiver policies are for owner-occupier purchases or refinances with principal & interest repayments. Investment loans and interest-only loans typically don't qualify for the waiver, though some specialist lenders are exceptions.