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What is Lenders Mortgage Insurance?


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 without having to save a 20% deposit.

Lenders Mortgage Insurance (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. With LMI coverage, lenders are willing to lend more money to home buyers with a lower deposit.

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

A lender may pass on the cost of LMI to you. You have a range of flexible options for paying the LMI cost to your lender  – either paying the fee upfront, capitalising the amount into the loan, or paying a monthly LMI fee.
Lenders Mortgage Insurance (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. With LMI coverage, lenders are willing to lend more money to home buyers with a lower deposit.

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

A lender may pass on the cost of LMI to you. You have a range of flexible options for paying the LMI cost to your lender  – either paying the fee upfront, capitalising the amount into the loan, or paying a monthly LMI fee.

  • We make it easier and faster for home buyers to own property. 

  • We reduce financial risk for lenders.

  • We stand behind lenders and brokers, with flexible solutions.

  • We empower our partners to reach new heights. 

  • We accelerate financial wellbeing through home ownership, now and for the future.

  • We make it easier and faster for home buyers to own property. 

  • We reduce financial risk for lenders.

  • We stand behind lenders and brokers, with flexible solutions.

  • We empower our partners to reach new heights. 

  • We accelerate financial wellbeing through home ownership, now and for the future.

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Deposit Comparison
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LMI fee estimator
LMI Fee
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Servicing
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2024itsmyhome2

2023-2024 edition - it’s my home

Our ninth edition of it’s my home is here. This edition includes educational and lifestyle articles to focus on all stages of the home ownership journey. Whether the goal is saving a deposit, buying your first home, investing, refinancing or upgrading, our magazine articles can help navigate the complexities of the process.

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Copyright ©2024 Helia Group Limited ABN 72 154 890 730. All rights reserved. Contact us for more information.

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.