LMI Waiver for Engineers in Australia: Which Banks Actually Offer It?
Quick answer
If you are an engineer, CBA, NAB and Westpac are the first big banks worth checking. ANZ is usually less relevant for engineers than it is for doctors or lawyers.
If you are an engineer, CBA, NAB and Westpac are the first big banks worth checking. ANZ is usually less relevant for engineers than it is for doctors or lawyers.
Want the lender shortlist sorted fast?
Talk to a mortgage expert here. If you're an engineer, a broker can tell you fast whether your accreditation and income fit a bank's policy properly.
Talk to a mortgage expert here. If you're an engineer, a broker can tell you fast whether your accreditation and income fit a bank's policy properly.
If you're searching which banks waive LMI for engineers, the good news is there are real options. The catch is that your role usually needs to be recognised properly, not just described loosely as engineering work.
Which banks waive LMI for engineers?
| Bank | Engineer waiver angle | What to know |
|---|---|---|
| CBA | ✅ Strong | Frequently relevant for accredited engineers. |
| NAB | ✅ Strong | Also a common shortlist name. |
| Westpac | ✅ Strong | Worth checking, especially against total package cost. |
| ANZ | ❌ Usually weaker | Not the obvious first stop for engineers compared with the banks above. |
Updated August 2026. Policies move, and exact profession wording matters, so confirm live policy before you apply.
What kind of engineer usually qualifies?
Usually the conversation is strongest for professionally recognised or accredited engineers. If your role title is broad, contract-based or outside the standard profession lists, do not assume the lender will tick the box automatically.
What still decides the outcome?
- Accreditation , because profession wording matters
- Income , because some lenders expect a threshold
- Deposit , because the waiver matters most where LMI would otherwise be large
- Credit and servicing , because waiving LMI does not remove normal approval rules
Check the LMI cost if no waiver lands
Use our LMI Calculator, compare the broader profession guide, and speak to a mortgage expert if you're close to applying.
Use our LMI Calculator, compare the broader profession guide, and speak to a mortgage expert if you're close to applying.
Bottom line
If you're an engineer, start with CBA, NAB and Westpac. Treat ANZ as the outsider unless a broker tells you otherwise for your exact case.