How much is LMI in Midland?

On the Midland median ($480,000) with a 5% deposit, LMI is approximately $17,328. At 10% deposit it falls to roughly $9,504.

Can I avoid LMI buying in Midland?

Yes — the federal Home Guarantee Scheme lets eligible WA first home buyers purchase in Midland with a 5% deposit and no LMI. Professional waivers and guarantor loans are also common.

Is LMI refundable in WA?

LMI is generally non-refundable, but some lenders offer a partial refund if the loan is refinanced or paid out within the first 1–2 years. Check the specific policy with the lender at application.

LMI Calculator Midland 2026

LMI costs in Midland on the $480,000 median. 5%, 10%, 15% deposit scenarios calculated. WA Home Guarantee Scheme rules. Free Midland LMI calculator for 2026.