LMI Waiver for Accountants in Australia: Which Banks Actually Offer It?
Quick answer
If you are an accountant, CBA, NAB and Westpac are the main banks worth checking first. ANZ is not as clean because some accountant eligibility appears in more segmented policy material.
If you are an accountant, CBA, NAB and Westpac are the main banks worth checking first. ANZ is not as clean because some accountant eligibility appears in more segmented policy material.
Want someone to sort the shortlist fast?
Talk to a mortgage expert here. If you're an accountant, a broker can quickly tell you which lender will treat your income, entity structure and profession best.
Talk to a mortgage expert here. If you're an accountant, a broker can quickly tell you which lender will treat your income, entity structure and profession best.
If you're searching which banks waive LMI for accountants, the short answer is better than it is for teachers and rougher than it is for doctors. There are real options here, but the list is not identical across the major banks.
Which banks waive LMI for accountants?
| Bank | Accountant waiver angle | What to know |
|---|---|---|
| CBA | ✅ Strong | Usually one of the cleanest names to check for CPA and CA borrowers. |
| NAB | ✅ Strong | Also one of the obvious major-bank options. |
| Westpac | ✅ Strong | Regularly relevant for accountant borrowers. |
| ANZ | ⚠️ Possible but less clean | Some ANZ material points to accountant inclusion, but it is less straightforward than CBA or NAB. |
Updated August 2026. Policies move, and some lender fact sheets split professions across separate documents, so confirm live policy before applying.
Who counts as an accountant?
Usually this means a borrower with recognised professional standing such as CPA or CA. If your role is adjacent but not clearly recognised, do not assume the lender will treat it the same way.
What still matters besides the profession?
- Income , because some lenders expect a threshold
- Deposit size , because the waiver conversation is strongest at higher LVRs where LMI would otherwise bite
- Borrowing structure , because self-employed or trust/company structures can complicate things
- Credit quality , because a waiver is not a free pass
Check the fallback cost if you do not qualify
Use our LMI Calculator, compare the full bank-by-bank waiver guide, and speak to a mortgage expert if you're lining lenders up now.
Use our LMI Calculator, compare the full bank-by-bank waiver guide, and speak to a mortgage expert if you're lining lenders up now.
Bottom line
If you're an accountant, start with CBA, NAB and Westpac. Keep ANZ in the maybe pile, not the automatic first choice.