Skip to main

LMI waived for eligible nurses and midwives

You could borrow up to 90% and pay no Lenders Mortgage Insurance.1

Registered nurses and midwives provide an incredible service to our communities, so we’re waiving Lenders Mortgage Insurance (LMI) for those with a 10% deposit. Applicants usually require a deposit of 20% to avoid LMI, but we want to help you get into your new home sooner.

This offer is available for both owner occupier and investment properties, on principal and interest loan repayments.


10% Deposit for eligible property types and locations.

Earn $90,000 p.a. or more.2

University degree or qualification, or Registration with the Medical Practitioners Board of Australia or equivalent body.

Home loan calculators

Use our handy home loan calculators to estimate what you could afford to borrow and what your repayments might be.

Speak to a home loan specialist

A RAMS Home Loan Specialist makes a difference

The right home loan for you

A RAMS home loan specialist will find the right home loan to suit you and your stage of life.

Smooth process

Our home loan specialists take the ‘hard’ out of the process for you. They’ll come to you, at a time and place that suits you and sort out approval in days, not weeks, wherever possible.

Personal service

You’ll have a dedicated home loan specialist from start to finish, so you’ll only have to tell your story once.  You’ll also have their mobile number, so whatever arises, you can get things sorted.


Conditions, Credit criteria, fees and charges apply. Offer is current as of 10 October 2022. 1. Lower amounts and LVR apply depending on property type and location. Funds to cover transaction and establishment costs are required. Genuine Savings are not required to be evidenced under the Medico guidelines to a Max LVR of 90%. Where a loan does not meet the Industry Specialisation policy or LVR required is > 90% then evidence of genuine savings is required. Owner Occupied interest only loans have a maximum LVR of 80% and are excluded from this offer. Investment loans have a maximum LVR of 90%. 2. The qualifying professionals’ gross taxable income must be a minimum of $90,000 p.a. Eligible income must be earned from the applicants’ profession or qualification (i.e. cannot include proposed or existing rental income, interest, dividends etc.). Qualification must be confirmed in all instances via a copy of either the University degree or qualification, or Registration with the Medical Practitioners Board of Australia or equivalent body. Credit provider and issuer of RAMS deposit products: Westpac Banking Corporation ABN 33007 457 141 AFSL and Australian credit licence 233714