Loan size and vacant land changes
Helping you get the deal done. Resi is increasing (and in some cases doubling) their loan sizes and max vacant land size.
- Clients can now borrow up to $5 million for home loans and up to $2 million for construction loans. For specific changes to LVRs, locations, and loan limits, see the rate card on the Resi website.
- Resi will now accept vacant land up to 5 acres for Prime, Near Prime Clear and Near Prime home loan options.
Large loan sizes
Resi’s serviceability requirement for large loans has been reduced from 1.25 x NSR to 1 x NSR. This will apply to loan amounts greater than $1.5 million for Near Prime and $1.75 million for Prime home loan options.
Debt consolidation
Don’t limit your clients to 4 debts. With Resi, you can now consolidate an unlimited number of debts on our Prime home loan option. This doesn’t include tax or business debts.
An update on rates
As part of Resi’s regular review of interest rates, they have updated their fixed rate loadings for Prime Full Doc, Near Prime Clear, Near Prime, and Specialist home loan options. Click the rate card here for more information.
For more information, please reach out to your BDM or Broker Support.
Important information
Information is correct as of 4 November 2024 and is subject to change. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.
Resi Mortgage Corporation Pty Ltd ABN 61 092 564 415 Australian Credit Licence 390669. Credit provided by Pepper Finance Corporation Limited ACN 094 317 647. Pepper Money Limited ACN 094 317 665 Australian Credit Licence Number 286655, is the servicer of loans made by Pepper Finance Corporation Ltd ACN 094 317 647
As a Pepper Money White Label accredited broker, you will receive emails about Pepper Money products and services. If you have any queries about your accreditation, email accreditations@pepper.com.au
