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
|
