LMI Waiver for Nurses in Australia: Which Banks Actually Offer It?
If you are a nurse or midwife, Westpac is the main major-bank name to check first. Most other big banks do not treat nurses as part of their standard professional LMI waiver list.
Talk to a mortgage expert here. If you're a nurse, this is the quickest way to confirm whether Westpac, St.George or another lender will waive LMI on your actual deal.
If you're searching which banks waive LMI for nurses, the blunt answer is this: there are not many. For most nurses and midwives, Westpac is the obvious place to start. CBA, NAB and ANZ are not the names most people should pin their hopes on here.
That does not mean every nurse automatically gets a waiver. The bank still cares about your role, income, deposit, credit file and the exact policy in force at the time you apply.
Which banks waive LMI for nurses?
| Bank | Likely nurse LMI waiver position | What to know |
|---|---|---|
| Westpac | ✅ Best-known major-bank option | Nurses and midwives are the standout inclusion that makes Westpac different. |
| St.George | ✅ Often worth checking | As part of the Westpac Group, it can track similar policy settings. |
| CBA | ❌ Usually not standard | CBA has a broad professional list, but nurses are not the usual headline inclusion. |
| NAB | ❌ Usually not standard | NAB is stronger for doctors, lawyers, accountants and engineers than nurses. |
| ANZ | ❌ Usually not standard | ANZ has segmented waiver policies, but nurses are not the obvious standard fit. |
Updated August 2026. Policies move, and some banks split their waiver rules across separate fact sheets, so always confirm live criteria before applying.
Why Westpac keeps coming up for nurses
Because it is one of the few major-bank names that consistently gets mentioned for nurses and midwives in professional LMI waiver discussions. That matters, because most LMI waiver content online is really written for doctors, dentists and lawyers, not for nursing staff.
If you're a registered nurse, midwife or another similar health professional, Westpac is usually the first place worth checking before you waste time chasing lenders that mainly reserve waivers for medical specialists and other higher-income professional categories.
What a nurse still needs to qualify
- Enough deposit , usually the conversation matters most once you're above the usual 10% deposit mark
- Solid income , because the lender still wants comfort on serviceability
- Clean credit , because a waiver is not a free pass on risk
- Correct occupation match , because the lender's internal wording matters more than your job title sounding close enough
What if you are a teacher instead?
That is a different story. Teachers generally do not sit on the standard professional LMI waiver shortlist at the major banks. If that is you, read our teacher-specific guide here.
Should you only chase the waiver?
No. If a bank waives LMI but gives you a clearly worse rate, the deal can still be rubbish. A waiver is helpful, but the total loan cost still matters more. Check the full picture, including rate, fees and how flexible the loan is.
Use our LMI Calculator to estimate the hit, then compare that with our full bank-by-bank LMI waiver guide and speak to a mortgage expert if you're close to applying.
Bottom line
If you're a nurse asking which bank waives LMI, start with Westpac. Then check St.George. Do not assume the other big banks will line up the same way, because they usually do not.