LMI Waived Loans

Secure Your Home Loan Without LMI Costs

Imagine being able to purchase your dream home without the burden of Lenders Mortgage Insurance (LMI). At Unconditional Finance, we specialise in helping eligible Australian professionals secure LMI waived loans, significantly reducing the upfront costs associated with buying a home. Whether you’re a first home buyer or a seasoned investor, our personalised loan options can make home ownership more accessible and affordable. Discover how our LMI waived loans can help you achieve your property goals with ease and confidence.

What are LMI Waived Loans?

LMI-waived loans are specialised home loans that allow borrowers to avoid paying Lenders Mortgage Insurance, which is typically required when the deposit is less than 20% of the property’s value. LMI is designed to protect lenders in case the borrower defaults on the loan. However, lenders offer an LMI waiver for certain professionals and first-time home buyers, recognising the lower risk these groups often represent. These loans enable you to secure a mortgage with a lower deposit, often as little as 10%, without the additional cost of LMI. This can result in substantial savings and make the path to home ownership smoother and more financially manageable. Unconditional Finance offers a range of LMI waived loan options tailored to meet the needs of eligible borrowers across Australia.

Benefits of LMI Waived Loans

Cost Savings

One of the most significant advantages of LMI waived loans is the potential for considerable cost savings. LMI can add thousands of dollars to your home loan costs, especially if you have a smaller deposit. By securing an LMI waiver, you can avoid this expense entirely, allowing you to allocate more of your funds towards your property purchase or other financial goals.

Higher Borrowing Capacity

With LMI waived loans, you can often borrow a higher percentage of your property’s value without the added insurance cost. This increased borrowing capacity can be particularly beneficial for first home buyers or those looking to invest in a higher-value property. It enables you to enter the property market sooner and with greater purchasing power.

Accessibility

LMI waived loans make home ownership more accessible to a broader range of borrowers, including various professionals such as healthcare workers, lawyers, accountants, and engineers. These loans are also beneficial for first home buyers who may not have the substantial savings required for a large deposit. By reducing the upfront costs, LMI waived loans provide an easier entry into the housing market.

Financial Flexibility

By avoiding LMI costs, you gain greater financial flexibility. The savings can be used to cover other expenses related to buying a home, such as stamp duty, legal fees, and moving costs. Alternatively, you can use the extra funds to invest in home improvements or to maintain a healthy savings buffer for future financial security.

Support for Professionals

Many lenders offer LMI waivers specifically for professionals in certain fields, recognising their stable income and lower default risk. For example, Unconditional Finance provides tailored loan solutions for healthcare workers, lawyers, accountants, and engineers. These profession-based waivers reflect the confidence lenders have in these borrowers’ ability to manage their mortgage commitments effectively.

Enhanced Loan Terms

Securing an LMI waived loan often comes with the added benefit of more favourable loan terms. Lenders may offer competitive interest rates and flexible repayment options to attract eligible borrowers. This can further enhance the affordability and manageability of your home loan.

Simplify Your Home Improvement Journey

At Unconditional Finance, our mortgage broker in Sydney excels in securing LMI waived loans, making your dream home improvement projects a reality without the extra cost of lenders mortgage insurance. Recognising the unique challenges of renovations, we’ve streamlined our approach to keep the process as simple as possible, guiding you through each step with clarity and confidence.

Transforming your living space shouldn’t be overwhelming. Countless Australians have successfully renovated their homes with LMI waived loans. So, why not you?

Loan Solutions Just for You

First Home Loans

Make your first home dream a reality with personalised loan solutions and expert support tailored for first-time buyers.

Refinance a Loan

Reduce your repayments or access your equity by refinancing your home loan with competitive rates and flexible terms.

Renovation Loans

Transform your property into your dream home with renovation loans designed to finance your home improvement projects seamlessly.

Investment Loans

Expand your property portfolio with customised investment loan options that support your financial growth strategy.

Trust Loans

Simplify the process of purchasing property under a trust with lending solutions tailored for trustees and trust structures.

Rentvesting

Step into the property market while renting in your ideal location with innovative rentvesting loan options.

Business Loans

Fuel your business ambitions with flexible financing designed to meet your unique operational and expansion needs.

SMSF Loans

Unlock the potential of your Self-Managed Super Fund to invest in property with tailored SMSF loan options.

Home Equity Loans

Tap into your home’s equity to fund renovations, investments, or personal projects with a flexible home equity loan.

Second Home Loans

Purchase your next property with ease through loan solutions designed specifically for second-home buyers.

Bridging Loans

Move between properties without financial stress with short-term bridging loans for seamless transitions.

No Deposit Home Loans

Get into the property market faster with no-deposit home loans available for eligible Australian buyers.

Changing Home Loan

Switch to a better home loan with ease and enjoy lower rates, better features, and potential savings.

Equity Release (Age 55+)

Access your home equity during retirement with financial solutions tailored for Australians aged 55 and over.

Retirement Mortgage

Enjoy peace of mind with flexible retirement mortgages designed to suit your lifestyle and financial goals.

Green Home Loans

Support sustainable living by investing in eco-friendly homes or upgrades with green loan options.

Sophisticated Investor

Discover exclusive loan options crafted for high-net-worth individuals with advanced investment strategies.

Holiday Home Loans

Make your dream of owning a holiday home come true with flexible financing options tailored to Australians.

Commercial Property Loans

Grow your business with tailored loans for purchasing or refinancing commercial properties with confidence.

NDIS Loans

Access specialised funding solutions to support property investments under the National Disability Insurance Scheme.

Guarantor Home Loan

Achieve homeownership faster with the support of a guarantor loan, minimising upfront costs and barriers.

Work With Award-Winning Finance Brokers

MFAA Endorsed

Basking in the glow of MFAA (Mortgage and Finance Association of Australia) approval, we stand tall as certified mortgage brokers right here in Sydney.

Fully Qualified

As Unconditional Finance's driving force and founder, Chris leverages his industry expertise and personal investment acumen. Aside from bagging numerous accolades, including recurrent Top 100 Broker mentions, Chris savours family time and sports when off-duty.

A Legacy Spanning Over Two Decades

We're proud of our rich tapestry of more than 20 years, throughout which we've aided countless clients in realising their financial dreams.

Award-Winning

Our mantle is laden with awards, as we've repeatedly been hailed as one of Sydney's top-tier mortgage brokers year after year.

Fully Licensed

Registered with ASIC and being fully licensed mortgage brokers, we're intimately acquainted with the industry's unique demands.

Centred On Your Goals

At Unconditional Finance, we place your aspirations and necessities at the heart of our operations. When you join hands with us, be assured your interests are our prime concern.

Calculators

Use one of our many calculators to help you better manage your finances.

What Our Customers Say....

We have been a client of Unconditional Finance since 2021, and we cannot speak highly enough of the exceptional services...

We found Chris and his team incredibly helpful and responsive. They were very willing to explore all options available to...

I recently had a great experience working with Unconditional Finance, specifically with Chris, Mitchell, and Nicole, to...

Highly recommend, Joel is great to deal with and is always looking for the best deal. The team is amazing...

Chris and the team were great! Able to secure funds that exceeded my expectations after failed attempts with...

Fantastic mortgage brokers. If your needing a team to assist you with your investment portfolio or a single finance...