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Paramedic home loans
For paramedics on a deposit under 20%. Every lender row verified on 2026-08-09.
Can a paramedic get an LMI waiver?
No lender whose policy document Money Brain holds names paramedics as a group it waives lenders mortgage insurance for. That is not a refusal: it means no document has been read that settles it either way, and this page says so rather than implying an answer. Every row was read on 2026-08-09.
Westpac names paramedics. Is that an LMI waiver?
No. Westpac's healthcare page, read on 2026-08-29, puts front-line ambulance officers and front-line paramedics on the list whose overtime and allowances can be assessed in full. That is an income rule. Paramedics do not appear on the professional list that waives lenders mortgage insurance. Counting more of the roster changes borrowing power, not the premium.
Which banks waive LMI for paramedics?
| Lender | Covers | Max LVR | Conditions |
|---|---|---|---|
| ANZ | No group names a paramedic | No waiver | No group in the policy names a paramedic. Read 2026-08-09. |
| CBA | No group names a paramedic | No waiver | No group in the policy names a paramedic. Read 2026-08-09. |
| Westpac Group (Westpac - St George - Bank of Melbourne - BankSA) | No group names a paramedic | No waiver | No group in the policy names a paramedic. Read 2026-08-09. |
| NAB | No group names a paramedic | No waiver | No group in the policy names a paramedic. Read 2026-08-09. |
| Bankwest | No group names a paramedic | No waiver | No group in the policy names a paramedic. Read 2026-08-09. |
| Suncorp | No group names a paramedic | No waiver | No group in the policy names a paramedic. Read 2026-08-09. |
| Macquarie | No group names a paramedic | No waiver | Professional and medico waiver withdrawn. Read 2026-08-09. |
| ING | No group names a paramedic | No waiver | confirmed absence Read 2026-08-09. |
| AMP | No group names a paramedic | No waiver | confirmed absence Read 2026-08-09. |
| Teachers Mutual Bank group (Teachers Mutual - Firefighters Mutual - Health Professionals Bank - UniBank) | No group names a paramedic | No waiver | A teacher banking with Teachers Mutual still pays LMI above 80%. The name is a membership definition, not a waiver. The only no-LMI path is the government Home Guarantee Scheme. One ADI, four brands, Read 2026-08-09. |
| Bank First | No group names a paramedic | No waiver | No group in the policy names a paramedic. Read 2026-08-09. |
Every row verified on 2026-08-09
Eleven publish-ready rows. Undated marketing claims are not in this table.
No policy document Money Brain holds names paramedics. That is an absence of evidence rather than a refusal, and the two are different. Every row here was read from the lender's own policy document on 2026-08-09.
Find out which of these would say yes to you
One short call and you will know which lenders your registration meets.
What decides a paramedic's answer, lender by lender
Who a paramedic waiver would be written for
A professional waiver tests registration with the Paramedicine Board of Australia, not the job title on a roster. The title paramedic has been protected in Australia since 1 December 2018. A paramedic holding current general registration is the person such a waiver would be written for — though on the documents Money Brain read on 2026-08-09, no lender names the profession.
Who is outside it in any case
Student registration is lodged by the education provider and is not practitioner registration. Volunteer ambulance officers, emergency medical technicians and patient-transport officers without Paramedicine Board registration cannot use the protected title. Office-based, communications and clinical-support roles are not front-line, and a lender writing a front-line rule means front-line.
A no by name is different from silence
A lender whose document names your profession in an exclusion has given a dated answer. A lender whose document simply does not list you has not. Money Brain publishes both, marked differently, because applying to the first is a wasted enquiry and the second is a question worth asking.
How much is LMI on a 10% deposit?
On one lender's published premium card, read on 2026-08-11, a 10% deposit is charged 2.10% of the loan between $300,000 and $600,000 — about $9,450 on a $450,000 loan. Above $600,000 the rate is 2.68%, or roughly $20,100 on a $750,000 loan. A waiver removes it entirely. Premiums vary between lenders; these figures are indicative.
What deposit do I actually need?
A paramedic using a waiver needs the lender's minimum deposit plus the purchase costs, because the waiver removes the mortgage insurance premium and nothing else. Stamp duty, legal fees, the building inspection and lender fees are still paid in cash, and those are the costs people underestimate when they budget.
How a paramedic's income is assessed, and what is not published
State service PAYG, or a private ABN
How a paramedic is paid changes the file more than the job title does. A paramedic employed by a state or territory ambulance service is PAYG: payslips, year-to-date figures and an employment letter. A paramedic invoicing through an ABN for private, industrial or event work is read as contractor income, and a policy written for PAYG applicants does not stretch to cover it.
Overtime, penalties and allowances
A weekday base rate is only part of a paramedic's income; night shifts, weekends, public holidays, on-call and allowances are the rest. Whether a lender counts that in full, averages it or discounts it is set per lender, which is why two lenders can read the same payslip and return different borrowing figures. The treatment changes capacity, not the premium.
Applying to a lender that excludes you
A declined application is recorded on your credit file and makes the next one harder, which is why the checking happens before submission. Checking which lenders name your profession is the whole of it.
Questions
None that Money Brain holds a document for. Eleven lenders were read on 2026-08-09 and no policy names paramedics as an eligible group.
Sources and check dates
Every lender row carries the policy document it came from, each read on 2026-08-09. Premium figures come from one lender's published card, read 2026-08-11. Only publish-ready document-grade rows appear in the table.
Who wrote this page
Darren Parker, Credit Representative 501592, authorised under Australian Credit Licence 389328. Darren reads these lender policies himself and dates every row. If a lender's position has changed since the date shown, tell him.
Find out where you stand before you apply
Updated 13 September 2026