- Accountants
- Updated
• 5 min read
Accountant LMI Waiver Guide
Accountants may qualify for LMI waiver policies with some lenders, subject to professional membership, income, loan size and LVR. CPA, CA and IPA membership are commonly cited as eligibility criteria.
Quick Answer
Some lenders offer LMI waiver policies for accountants with CPA, CA or IPA membership, subject to income, LVR and loan size. Eligibility varies by lender and is not guaranteed.
What Lenders Look At For Accountant LMI Waivers
✓ Professional membership — CPA, CA or IPA typically required
✓ Income level — minimum income thresholds may apply
✓ LVR — most waivers apply at 85–90% LVR
✓ Employment type — PAYG vs partnership vs self-employed
✓ Loan amount — maximum loan sizes vary by lender
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Frequently Asked Questions
Do self-employed accountants qualify for LMI waivers?
Eligibility for self-employed accountants varies. Some lenders require PAYG employment for their professional waiver policy.
Does CPA membership always qualify?
No. Membership is typically a requirement, but income, LVR and loan size must also meet lender criteria.
CPA, CA And IPA: Which Memberships Qualify?
Different lenders recognise different accounting memberships. CPA Australia (CPA) and Chartered Accountants Australia and New Zealand (CA ANZ) are the most widely recognised. The Institute of Public Accountants (IPA) is recognised by some but not all lenders.
What Lenders May Look At
✓ Membership certificate — CPA, CA or IPA required
✓ Income level — minimum threshold may apply
✓ LVR — commonly 85–90% for eligible accountants
✓ Loan amount cap — varies by lender
✓ Employment type — PAYG vs self-employed (self-employed may not qualify with all lenders)
✓ Property type — owner-occupied generally broader
Self-Employed Accountant LMI Waiver Challenges
Self-employed accountants face additional complexity. Some lenders require PAYG employment for their professional waiver policy — meaning a sole practitioner or practice owner may not qualify under the same criteria as an employed accountant, even with the same membership.
Common Mistakes Accountants Make
✗ Assuming self-employed accountants qualify under the same waiver policy as PAYG accountants
✗ Not having membership certificate ready at application
✗ Not checking income thresholds before applying
✗ Applying to a lender without a clear accountant LMI waiver policy
Do all accountants qualify for LMI waivers?
No. Eligibility depends on membership type, income, LVR and whether the lender recognises your specific membership.
Does IPA membership qualify?
Some lenders recognise IPA. Others only recognise CPA and CA. Policy varies.
Check Accountant LMI Waiver Eligibility
We review professional membership requirements across lenders.
General information only. Lending eligibility, LMI waiver policies, rates and approval outcomes vary by lender and are subject to assessment.
Check Accountant LMI Eligibility
We review professional membership requirements across lenders.
General information only. Lending outcomes vary by lender and individual circumstances.
Written by: Simpli Finance Lending Team · Reviewed by: [Broker Name], Mortgage Broker · Last updated: June 2026