LMI, your strategic
pathway for clients.
Accelerate your client’s property
goals with help from LMI.
Accelerate your client’s property goals with help from LMI.
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- Tools & Resources
- LMI toolkit
How Lenders Mortgage Insurance (LMI) works.
LMI is an insurance policy that a lender takes out to protect itself against the risk that the home buyer or investor default on their loan repayments and the lender is unable to recover the full outstanding loan amount from the sale of the security property.
Although LMI protects the lender, not the home buyer or investor, it plays an important role in making loans accessible, enabling clients to purchase a property sooner with less than a 20% deposit.
Positioning LMI
Introducing LMI early, alongside other pathways, helps clients compare their options and make informed decisions aligned to their long-term goals.
By positioning LMI upfront, the conversation shifts from focusing on the cost of LMI to a more important question: what is the cost of waiting?
LMI can support a broad range of clients including investors and upgraders who may benefit from entering the property market sooner.
Benefits for clients may include:
Buy now with less than a 20% deposit
Start building equity in the property
Strengthen financial wellbeing and security
Help bring the buy now vs wait conversation to life with Helia’s Home Deposit Estimator to show how different deposit scenarios can help them enter the property market sooner.
Client ready LMI resources
Resources to support and enhance client conversations.
Tools & Calculators
Estimate, compare and consider available options
Elevating deposit conversations
with the Home Deposit Estimator.
Bring the 'buy now vs wait' conversation to life.
Compare scenarios in real time with clients.
LMI fee estimator
Estimate your
clients LMI fee
Servicing estimator
Understand your clients loan
servicing capacity
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.
- 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.
Hear from one of our customers, Great Southern Bank.
A stronger business and improved customer experience starts here.
 | Highly recommend Helia as a partner to set the stage for future growth and innovation". |
| Choosing Helia was one of the best decisions we made". |
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| A collaborative partnership that goes beyond the ordinary". |
Home ownership made simple with LMI.
LMI Lets Me In
Find out how more home buyers are using LMI to enter the property market sooner and achieve their home ownership goals.
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LMI Lets Me In
Find out how more home buyers are using LMI to enter the property market sooner and achieve their home ownership goals.
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.
Better, sooner, brighter.
Explore how LMI helped a couple buy a bigger, better property.
What is LMI?
Understand the cost, who it protects and how it can help home buyers purchase a home sooner.
Get home sooner
Struggling to save a 20% deposit? Enter the market sooner with LMI.
FAQs
The LMI fee typically charged is between 1% and 2% of the loan value, depending on the size of your deposit and how much you borrow. By paying the LMI fee now you can get into the market now and potentially start building equity sooner.
Use Helia's LMI fee estimator here.
No! LMI is for any home buyer looking to purchase a home with less than a 20% deposit. That could be a family looking for their next home, an investor looking to grow their property portfolio, or anything in between. Check out how others have achieved their property goals with LMI here.