WLTH’s Ocean 0% LMI Variable home loan lets eligible borrowers buy with no lenders mortgage insurance (LMI) at up to 95% LVR, with variable rates from 6.95% p.a. (comparison rate 7.46% p.a.*). Rates are effective 6 October 2026.
| Borrower type | LVR | Owner occupied | Investment |
|---|---|---|---|
| Other workers (PAYG employees) | Up to 85% | 6.95% p.a. Comparison rate 7.46% p.a.* |
7.25% p.a. Comparison rate 7.76% p.a.* |
| Professional workers | Up to 90% | 6.95% p.a. Comparison rate 7.46% p.a.* |
Not available |
| Professional workers | From 90% – 95% Loans up to $2m |
7.45% p.a. Comparison rate 7.96% p.a.* |
Not available |
| Essential workers | Up to 90% | 7.45% p.a. Comparison rate 7.96% p.a.* |
Not available |
*See the comparison rate warning below.
Frequently Asked Questions
What are WLTH’s 0% LMI home loan rates?
The Ocean 0% LMI Variable home loan has variable rates from 6.95% p.a. (comparison rate 7.46% p.a.) for owner occupiers, and from 7.25% p.a. (comparison rate 7.76% p.a.) for investors. Your rate depends on your occupation, your LVR and whether the property is owner occupied or an investment. Rates are effective 6 October 2026.
What does 0% LMI mean?
Lenders mortgage insurance (LMI) is usually charged when you borrow more than 80% of a property’s value. With the Ocean 0% LMI Variable loan, eligible borrowers can borrow up to 95% LVR without paying LMI.
Who is eligible?
The loan is available to three groups:
- Professional workers: university-qualified and working in an eligible profession, up to 95% LVR.
- Essential workers: permanently employed in an eligible essential role, up to 90% LVR.
- Other workers: PAYG employees in any industry, up to 85% LVR.
All borrowers must be Australian citizens or permanent residents with a visa to live and work in Australia.
Which professions qualify for the Professional worker rates?
The main income earner must be university degree qualified and work in one of these fields:
- Medical and allied health
- Law
- Accounting and audit
- Engineering
- IT
TAFE or certificate-qualified professionals working in the IT industry are also eligible.
Which roles qualify for the Essential worker rates?
The main income earner must be permanently employed as one of the following:
- Nurse
- Paramedic
- State or federal police officer
- Firefighter
- Primary or secondary school teacher, in either the public or private system
Degree-qualified nurses and paramedics who are the main income earner may be eligible for the Professional worker rates instead.
Can I use this loan to refinance or buy an investment property?
Only under the Other workers option, which covers both purchase and refinance of established owner occupied and investment properties. The Professional and Essential worker options are for purchasing an established owner occupied home only. Refinancing, investment and construction are not available under those options.
Can I use this loan to build?
No. The Ocean 0% LMI Variable loan is for established residential properties only.
How much can I borrow?
Individual loans go up to $2.5 million at up to 90% LVR, or up to $2 million at up to 95% LVR. The maximum total borrowing for any individual borrower is $10 million. This includes loans where the individual is also a co-borrower as a director of their company.
Impact Lending
WLTH is Australia’s first Impact Lender. For every loan settled with WLTH, 50m² of Australian beach and coastline will be cleaned up alongside Parley for the Oceans. Your home loan helps keep Australia’s coastline clean, at no extra cost to you.
Disclaimers
Rates and information are correct as at 6 October 2026 and are subject to change without notice.
All loans are subject to lending criteria. Other conditions, fees and charges may apply. Legal fees do not cover disbursements, government charges or third-party contract processing fees.
*Comparison rate warning: The comparison rate is based on a loan of $150,000 over a term of 25 years, principal and interest. Fees included are the application fee, estimated legal fee, settlement fee, estimated valuation fee, applicable annual fees and discharge fee. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
The information in this article is general in nature and does not take into account your objectives, financial situation or needs. Before acting on this information, consider whether it is appropriate for you and seek independent financial advice.
WLTH Lend Pty Ltd CRN 525 873 as authorised by WLTH Pty Ltd AFSL & ACL 525 752.
