FAMILY PLEDGE

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.

• 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

As per Genworth security location guide

Click here to download our maximum loan amount matrix