Products

Genworth endeavours to be flexible and commercial in its approach to underwriting risk, insuring loans for a range of purposes, including home ownership, investment and vacant land.

We are committed to discovering innovative ways to assist our customers and are therefore continuously assessing changes within the mortgage industry and developing products and policies that reflect current and emerging market conditions.

With this in mind, we have developed a number of products to allow more people to enter the housing market and accumulate wealth through property, while at the same time providing our customers with the benefits of 100% mortgage insurance cover.

Genworth current product range is available in our Underwriting Policy in the Lender Resource Centre.

Australia

Standard LMI More/Close

Suited to a wide range of borrowers, including first home buyers and investors wishing to access residential mortgage finance.

Key features and benefits

• Allows borrowers to purchase their property with only a 5% deposit
• Loan terms of up to 40 years are available which assists in lowering repayments
• Discounts may be available for first home buyers
• Capitalisation of LMI premium available
• Available for a wide range of purposes including: Home Improvements, Refinances, Bridging Finance, Debt Consolidation, Vacant Land, Construction and Equity Release

Maximum loan amount and LVR (per security)

Property Type	LVR	Category 1	Category 2	Category 3
House / Unit	0 - 80%	$1,000,000	$750,000	$500,000
	80.01 - 90%	$850,000	$600,000	$450,000
	90.01 - 95%	$750,000	$500,000	$350,000
Land	0 - 90%	$600,000	$400,000	$200,000
	90.01 - 95%

Click here to download our maximum loan amount matrix.

Low-Doc More/Close

Suited to self-employed borrowers who are unable to produce current financial information or documentation.

Key features and benefits

• Allows borrowers to purchase their property with limited evidence of income
• Loan terms of up to 30 years are available
• Capitalisation of LMI premium available
• Available for a wide range of purposes including: Home Improvements, Bridging Finance, Vacant Land, and Construction

Maximum loan amount and LVR (per security)

As per Genworth security location guide

Property Type	LVR	Category 1	Category 2	Category 3
House / Unit	0 - 80%	$1,000,000	$750,000	$500,000
Land	0 - 80%	$600,000	$400,000

Click here to download our maximum loan amount matrix.

Homebuyer Plus More/Close

Suited to borrowers, including first home buyers, with limited or no savings, or those wishing to use money not sourced from their own savings as a deposit.

Key features and benefits

• Deposit may include a family gift, loan or the First Home Owners Grant
• Allows borrowers to purchase their property with little or no deposit, allowing their own savings to be used for stamp duty, renovations or setting up their home. This also means a borrower does not need to wait and save up their own deposit before entering the property market
• Capitalisation of LMI premium available
• Discount may be available for first home buyers
• Loan terms of up to 40 years are available
• Available for a range of purposes including Bridging Finance and Construction

Maximum loan amount and LVR (per security)

As per Genworth security location guide

Property Type	LVR	Category 1	Category 2	Category 3
House / Unit	85.01 - 90%	$750,000	$600,000	$450,000
	90.01 - 95%	$650,000	$500,000	$350,000

Click here to download our maximum loan amount matrix.

Family Pledge More/Close

Suited to borrowers, especially first home buyers with no deposit, who have an immediate family member that is willing and able to offer security support. Allows borrowers to own their own home sooner by allowing them to borrow the full purchase price plus up to an additional 10% to cover costs.

Key features and benefits

• Provides access to finance for full purchase price, plus an additional 10% to cover other costs such as stamp duty, renovations or setting up their home
• No deposit or genuine equity required
• Discounts may be available for first home buyers
• Loan terms of up to 30 years are available
• Capitalisation of LMI premium available
• Available for a range of purposes including Bridging Finance, Debt Consolidation and Construction

Maximum loan amount and LVR (per security)

As per Genworth security location guide

Property Type	LVR	Category 1	Category 2	Category 3
House / Unit	0 - 85%	$750,000	$500,000	$400,000

Click here to download our maximum loan amount matrix.

New Zealand

Standard LMI More/Close

Suited to a wide range of borrowers, including first home buyers and investors wishing to access residential mortgage finance.

Key features and benefits

• Allows borrowers to purchase their property with only a 5% deposit
• Loan terms of up to 40 years are available which assists in lowering repayments
• Discounts may be available for first home buyers
• Capitalisation of LMI premium available
• Available for a wide range of purposes including Home Improvements, Refinances, Bridging Finance, Debt Consolidation, Vacant Land, Construction and Equity Release

Maximum loan amount and LVR (per security)

As per Genworth security location guide

Property Type	LVR	Category 1	Category 2	Category 3	All other
House / Unit	0 - 80%	$1,000,000	$800,000	$600,000	$500,000
	80.01 - 90%
	85,01 - 90%	$700,000	$500,000	$400,000	$400,000
	90.01 - 95%	$600,000	$450,000	$350,000	$300,000
Land	0 - 90%	$550,000	$350,000	$250,000	$200,000

Click here to download our maximum loan amount matrix.

Low-Doc More/Close

Suited to self-employed borrowers who are unable to produce current financial information or documentation.

Key features and benefits

• Allows borrowers to purchase their property with limited evidence of income
• Loan terms of up to 30 years are available
• Capitalisation of LMI premium available
• Available for a wide range of purposes including Home Improvements, Refinances, Bridging Finance, Debt Consolidation, Vacant Land, Construction and Equity Release

Maximum loan amount and LVR (per security)

As per Genworth security location guide

Property Type	LVR	Category 1	Category 2	Category 3
House / Uni	0 - 75%	$750,000
Land	0 - 65%	$750,000	$750,000

Click here to download our maximum loan amount matrix.

Homebuyer Plus More/Close

Suited to borrowers, including first home buyers, with limited or no savings, or those wishing to use money not sourced from their own savings as a deposit.

Key features and benefits

• Deposit may include a family gift or loan
• Allows borrowers to purchase their property with little or no deposit, allowing their own savings to be used for renovations or setting up their home
• Capitalisation of LMI premium available
• Discounts may be available for first home buyers loan terms of up to 40 years are available
• Available for a range of purposes including Construction

Maximum loan amount and LVR (per security)

As per Genworth security location guide

Property Type	LVR	Category 1	Category 2	Category 3
House / Unit	85.01 - 90%	$700,000	$500,000	$400,000
	90.01 - 95%	$600,000	$450,000	$350,000

Click here to download our maximum loan amount matrix.