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
House / Unit
|
LVR
|
Category 1
|
Category 2
|
Category 3
|
|
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
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