90% Home Loans With NO LMI: Why First Home Buyers Are Winning Right Now
Buying your first home seems far from reality for many! The need for large deposits, inflation, rising property prices, and the extra burden of Lenders Mortgage Insurance (LMI) often delay the dream for years. Some feel hesitant to take the first step, while others may spend extra because of wrong guidance! But things have changed and in a big way. That’s why 2026 should be the year your dream of owning your own home finally comes true!
Right now, eligible buyers can borrow up to 90% of a property’s value without paying LMI, which could mean thousands of dollars saved upfront.
Yes, you read that right.
What Does “90% With No LMI” Actually Mean?
Traditionally Lenders charged high LMI fees in order to protect themselves if the borrower had less than a 20% deposit resulting in an extra burden of tens of thousands to their loan.
Under updated lending options and government backed schemes:
- You may be able to buy with as little as 5% deposit
- No LMI required
- No special profession needed
- Not limited to first home buyers
- In some cases, even investment properties may qualify
That’s real money staying where it belongs in your pocket and a deal you should not miss!
Why This Is the Best Time to Buy Your First Home
Recent updates to the First Home Buyer Guarantee Scheme (from October 1st) have opened new doors for buyers who previously missed out.
What’s changed?
- Income limits have expanded
- Price caps now vary by state
- Buyers previously considered “high income” may now qualify
- More flexibility for low deposit buyers
- Access to better interest rates, even with smaller deposits
If you were told “no” before, or already have an approval, this is the chance for you to try once more as it’s worth revisiting. New rules mean new opportunities.
Already Have an Approval? Don’t Worry.
Many buyers assume once they’re approved, that’s it. But with new policies in place, you could now:
- Qualify for better terms
- Reduce upfront costs
- Avoid LMI entirely
At Lionskey Finance, we regularly help clients review existing approvals and unlock benefits they didn’t know were available. Owning your first home no longer requires waiting years to save a massive deposit. With the right guidance, low-deposit options, and access to over 40 lenders, your path to home ownership can be clearer and faster