First Home Buyer | 90% LVR | No LMI + Better Rate
The Full Story
Sarah was a first home buyer navigating one of the most confusing decisions in the market — whether to use the Federal Government’s Home Guarantee Scheme or explore other options. On the surface, the Home Guarantee Scheme seems like the obvious choice for first home buyers borrowing with a small deposit. But for medical professionals, there’s often a better path.
By going through ANZ’s Medico policy instead, Sarah was able to borrow at 90% LVR with no LMI — just like the Home Guarantee Scheme — but with a meaningfully lower interest rate. ANZ’s Medico rate came in at 5.92% compared to 6.06% under the Home Guarantee Scheme. That difference compounds significantly over the life of a loan, putting thousands of dollars back into Sarah’s hands over time.
This is a case where knowing the right policy made all the difference. The Home Guarantee Scheme is widely advertised — Medico policies are not. That’s why having a specialist in your corner matters.
The Result✦ Loan type: First home buyer, 90% LVR, no LMI ✦ Rate via Medico policy (ANZ): 5.92% ✦ Rate via Home Guarantee Scheme: 6.06% ✦ Outcome: Lower rate, same deposit benefit — better deal overall
