Family Pledge

Available for borrowers, especially first homebuyers with no deposit, who have an immediate family member that is willing and able to offer security support.

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.

Key features and benefits

  • No deposit or genuine equity required
  • Discounts may be available for first homebuyers
  • Loan terms of up to 30 years are available
  • Capitalisation of LMI premium available
  • Available for a range of purposes including purchases and construction of owner-occupied or investment property.

For more information see the Genworth LMI Underwriting Guidelines.

Maximum LVR and Loan Amount

Description and target market
Maximum loan amount
Maximum LVR
Any borrower, especially first homebuyers with no deposit. Family supported security required
$750,000
85%
Description and target market
Any borrower, especially first homebuyers with no deposit. Family supported security required
Maximum loan amount
$750,000
Maximum LVR
85%

For more information see the Genworth Security Location Guide and Maximum LVR and Loan Amount Matrix.

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