Which Banks Waive Fees for Teachers or Nurses in Australia?
If by “fees” you mean LMI or professional home-loan fees, nurses have a much better chance than teachers. Westpac is the main nurse-friendly bank to check first. Teachers usually need a different strategy.
Talk to a mortgage expert here. They can tell you quickly whether you should chase a waiver, a better rate, or a different lender altogether.
This search usually means one of two things:
- Which banks waive LMI for teachers or nurses?
- Which banks waive package or application fees for those professions?
The answer is uneven. Nurses have a real angle. Teachers usually do not.
Short version
| Profession | Best bank angle | Reality check |
|---|---|---|
| Nurses / Midwives | Westpac, sometimes St.George | There is a genuine profession-based waiver angle here. |
| Teachers | No obvious major-bank standard waiver | Usually better to focus on deposit size, schemes and lender choice. |
Which banks matter for nurses?
For nurses and midwives, Westpac is the first major bank to check. That is the name that keeps mattering because nurses are more clearly recognised there than at the other big banks.
If you want the full version, read our dedicated guide on LMI waivers for nurses in Australia.
Which banks matter for teachers?
For teachers, the answer is much harsher. Teachers are usually not on the standard professional LMI waiver list at the big banks. So if you're a teacher, don't build your plan around a profession waiver magically showing up.
Read our full guide on LMI waivers for teachers in Australia.
What “fees” might actually be waived?
Different banks use different wording. Sometimes people say “fees” when they really mean:
- Lenders Mortgage Insurance (LMI)
- annual package fees
- application or settlement fees
- pricing discounts bundled into a professional package
That is why it helps to ask a broker to check the full package, not just whether one fee disappears.
Use our LMI Calculator, then compare which banks waive LMI by profession and speak to a mortgage expert if you're trying to line up lenders now.
Bottom line
If you are a nurse, start with Westpac. If you are a teacher, stop assuming there is a neat standard waiver and focus on better options. That is the honest version.