How much is LMI in Scarborough?

On the Scarborough median ($980,000) with a 5% deposit, LMI is approximately $35,378. At 10% deposit it falls to roughly $19,404.

Can I avoid LMI buying in Scarborough?

Yes — the federal Home Guarantee Scheme lets eligible WA first home buyers purchase in Scarborough 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 Scarborough 2026

LMI costs in Scarborough on the $980,000 median. 5%, 10%, 15% deposit scenarios calculated. WA Home Guarantee Scheme rules. Free Scarborough LMI calculator for