Target Market
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 Financial Security Location Guide
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%
|
$550,000
|
-
|
-
|
Click here to download our Maximum Loan Amount Matrix
|