No LMI & Waived LMI Home Loans

Name: North Rocks Mortgage Solutions
Address: Barclay Road, North Rocks, NSW, 2151, AU
Telephone: 0433 035 911

Buy Your Dream Home Without the Burden of Lenders Mortgage Insurance

Lenders Mortgage Insurance (LMI) is often a hurdle for homebuyers with less than a 20% deposit, adding thousands of dollars to upfront costs. However, with No LMI and Waived LMI home loan options, you can sidestep these expenses and make homeownership more affordable.

For instance, a lender on our panel offers 15% deposit home loans without LMI for PAYG borrowers’ owner-occupied loans with principal and interest repayment; Some lenders waive the LMI for specific groups, such as medical professionals, lawyers, and accountants, due to their perceived lower financial risk. At North Rocks Mortgage Solutions, we specialise in helping clients secure these unique opportunities. Whether you’re a first-time buyer, a professional looking to take advantage of your career qualifications or a low-risk borrower, we can guide you toward the right solution.

Call: 0433 035 911 Enquire Now

Who Is Eligible?

Not all borrowers qualify for No LMI & Waived LMI Home Loans, but North Rocks Mortgage Solutions can help you navigate the eligibility requirements. Common criteria include:

Professionals in Specific Occupations:

Certain professions including doctors, accountants, and lawyers, often qualify for waived LMI.

First Home Buyers:

First Home Buyerscanaccess no LMI home loans through the Home Guarantee Scheme.

Low-Risk Borrowers:

Those with strong credit histories and stable financial profiles may also be eligible.

How North Rocks Mortgage Solutions Can Help

At North Rocks Mortgage Solutions, we empower you to navigate the complexities of home financing. Our expertise ensures that you:

Identify lenders offering No LMI and Waived LMI home loans.
Understand the eligibility requirements and maximise your chances of approval.
Choose the loan structure that aligns with your financial goals.

We provide a True North approach to financial clarity and rock-solid guidance, empowering you to build the future you envision.

Frequently Asked Questions

Are there additional costs with No LMI loans?

Can I qualify if I’m not a professional?

How much can I save with a Waived LMI loan?

While you save on LMI, some lenders may have higher interest rates or fees. Our goal is to find a solution that offers both affordability and value.

Yes. Some lenders offer No LMI home loans with no restrictions on professions. Please reach out to us to see if you qualify for one of these home loans.

Savings depend on your loan size. For example, on a $600,000 loan with a 10% deposit, you could save approximately $10,000-$15,000 in LMI costs.

Take the First Step Toward Homeownership

Don’t let high LMI costs keep you from owning a home. Contact North Rocks Mortgage Solutions today to explore your options for No LMI & Waived LMI Home Loans. Our team is here to guide you through the process, ensuring you save money and move into your dream property sooner. Call us now on 0433 035 911 to schedule a consultation and discover how you can benefit from waived LMI. Your new home is closer than you think!