A lower credit score can make it more difficult to avoid paying LMI, as lenders assess your overall financial stability. Most lenders prefer applicants with a solid credit history, as it indicates a lower probability of defaulting on the loan. However, some lenders may still consider waiving LMI if you’re in an eligible profession and can demonstrate a strong income and stable employment. It’s advisable to work with a mortgage broker who can help you identify lenders with more flexible criteria.