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Your future.

Made simple.

Your future.

Made simple.

Whatever your home ownership goal,
we’ve got a solution for you.
Whatever your home ownership goal, we’ve got a solution for you.

What is LMI?


Lenders Mortgage Insurance (LMI) can help you accelerate your home ownership journey, and it can make it possible for you to get into your home sooner with a deposit as little as 5%.

Lenders Mortgage Insurance (LMI) provides protection to a lender to help you purchase a property with a smaller deposit. LMI protects your lender against the risk of potential losses, in case you are unable to make your home loan repayments, and the lender is unable to recover the outstanding loan amount from the sale of the security property.

 

This makes loans more accessible to people who are looking to buy a home with less than 20% deposit.

Lenders Mortgage Insurance (LMI) provides protection to a lender to help you purchase a property with a smaller deposit. LMI protects your lender against the risk of potential losses, in case you are unable to make your home loan repayments, and the lender is unable to recover the outstanding loan amount from the sale of the security property.

 

This makes loans more accessible to people who are looking to buy a home with less than 20% deposit.

Flexible payment options to help you get into a home sooner.

Home buyers have a range of flexible options for paying the LMI cost to their lender. Further details regarding each of these payment options:
  • Paying the fee upfront at settlement
  • Adding the fee to the loan amount
  • Paying the fee monthly during the loan term*
  • Your extended family paying the LMI fee upfront, with a discount*

*These options may not be applicable for all lenders. Please check with your lender and mortgage broker if these options are available.

Home buyers have a range of flexible options for paying the LMI cost to their lender. Further details regarding each of these payment options:

  • Paying the fee upfront at settlement
  • Adding the fee to the loan amount
  • Paying the fee monthly during the loan term*
  • Your extended family paying the LMI fee upfront, with a discount*

*These options may not be applicable for all lenders. Please check with your lender and mortgage broker if these options are available.

Home ownership made simple with LMI.

Start your home story with LMI.

Discover how LMI helped Mitch and Amelia break free from the rental cycle and purchase their first home with a 10% deposit.
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Start your home story with LMI. Now playing
Start your home story with LMI.

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Helia Group Limited acknowledges the Traditional Custodians of the lands on which we operate and pay our respects to Elders past and present. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which we operate and where our team members reside.

 

Important Information

The information contained on this website is general information. It does not constitute legal, tax, credit or financial advice, and is not tailored to a borrower’s specific circumstances. Borrowers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.

Helia is not a ‘credit provider’, as that term is defined in the National Consumer Credit Protection 2009 (Cth) in respect to its provision of LMI. LMI is insurance that protects credit providers, not borrowers, and cannot be provided directly to borrowers. The information provided does not refer to a credit contract with any particular credit provider.