AUSTRALIAN PRODUCTS
Get a clear advantage with PMI
This online guide has been provided as a reference tool for PMI customers and has been designed to answer some of the more common underwriting questions we recieve.
Features of PMI's
product range
- No genuine savings required for pmiADVANTAGE up to 95% LVR
- Only 3% genuine savings required above 95% LVR
- Max loan amount for pmiLOWDOC up to $1M in Metropolitan locations
- Vacant land in Metropolitan location supported to 95% LVR
These products are a tangible demonstration of our new ways of thinking and the many different ways we support and empower you to provide cutting edge solutions to your customers.
The following table is designed to enable lenders to determine the appropriate LMI solution for their borrowers.
| Full documentation loans | PMI Solution |
| 100% cover for full documentation loans up to and including $1,000,000 | pmiADVANTAGE |
| Low documentation loans | PMI Solution |
| 100% cover for low documentation loans up to and including $1,000,000 for self-employed borrowers who have complicated income structures and do not provide up-to-date financial information. Employed (PAYG) borrowers are allowed as co-borrowers only | pmiLOWDOC |
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Information contained in this section is provided as a guide only. Individual risk assessment will apply for each application for insurance; based on individual merit. For assessing deals PMI have an experienced team so any enquiries not covered in the PMI Product Guide should be directed to your Underwriting Manager or Senior Relationship Manager