RESIMAC Home Loan Lending Policy 2026

RESIMAC home loans include Prime, alternative-documentation and Specialist options, so assess the borrower’s income evidence and credit history before choosing a product. Then match the property and loan purpose to that product’s limits. A flexible credit route still requires affordable repayments and acceptable security.

Choose the Residential Product Route

Choose RESIMAC’s broker-distributed product by the evidence the borrower can supply and the credit circumstances the lender must assess. As at October 2026, BrokerZone’s product library lists Prime and Prime Flex, Prime Alt Doc, Specialist Full Doc, Specialist Alt Doc and a separate super fund product.

Route	Borrower fit	Residential purpose
Prime Standard and Prime Flex	Employed or self-employed borrowers using full income documents	Owner-occupied or investment purchase, refinance, debt consolidation and eligible cash out
Prime Alt Doc	Self-employed borrowers using alternative income verification	Owner-occupied or investment purchase, refinance, debt consolidation and eligible cash out
Specialist Full Doc	Borrowers outside traditional lending guidelines, with full income evidence	Owner-occupied or investment purchase, refinance and eligible debt consolidation or cash out
Specialist Alt Doc	Self-employed borrowers needing alternative evidence and Specialist assessment	Purchase, refinance and eligible debt consolidation or cash out, within the chosen tier’s rules
Self-managed superannuation fund (SMSF)	A corporate trustee refinancing an existing residential investment property loan	Refinance of property the fund owned before 9 August 2026

The Prime and Specialist specifications are effective 7 May 2026. Specialist assessment has Clear, Plus and Assist tiers. The tier changes the credit treatment and can change the maximum loan amount or loan-to-value ratio (LVR), which measures the loan against the security value.

The SMSF specification effective 10 August 2026 restricts the route to refinancing existing residential investment property. It excludes owner-occupied property and new purchases. Keep a proposed SMSF purchase out of this refinance route, even where a general brochure still describes purchase lending.

As a non-bank lender, RESIMAC distributes its residential loans through mortgage brokers. Its parent, Resimac Group Ltd, is listed on the Australian Securities Exchange (ASX) under RMC, with ownership held by shareholders.

The Resimac group overview distinguishes broker distribution from direct online applications through homeloans.com.au Pty Ltd. Use the broker product documents for a broker-submitted RESIMAC loan.

Assess Income and Credit Evidence

Test income against RESIMAC’s documentation route before relying on it for repayments. The broker product guide dated 28 April 2026 separates full-documentation evidence from Alt Doc evidence. Its requirements also change by LVR and Specialist tier.

Income route	Evidence in the guide	What to reconcile
Pay as you go (PAYG) full-doc	Two current computerised payslips plus the latest tax assessment notice or PAYG payment summary	Employer, base pay, variable income and dates agree across the documents
Self-employed full-doc, below 80% LVR in Prime or Specialist Clear	Latest year’s individual return and notice of assessment, plus entity tax returns and financial statements	Entity profit, personal income and the debts funded by that income
Self-employed full-doc, above 80% LVR in Prime or Specialist Clear, and all Plus or Assist	Two years of full business/company and personal tax returns, supported by the latest available tax assessment notice	Year-to-year changes and the basis for the income used
Prime Alt Doc	Financial declaration supported by accountant verification, six months of business activity statements (BAS) or three months of business bank statements	Declared income is consistent with trading and liabilities
Specialist Alt Doc	Clear accepts the listed alternative methods. Plus restricts accountant verification to 75% LVR or less. Assist uses BAS or business bank statements	The evidence fits the actual tier, instead of a different Specialist product

Remove the tax file number from the tax assessment notice or payment summary supplied for PAYG verification. At exactly 80% LVR, obtain the broker-channel document requirement in writing because the guide labels its full-doc evidence groups below and above 80%.

Under the Prime Alt Doc specification effective 7 May 2026, the borrower needs 24 months in the same business. It also requires a valid Australian Business Number (ABN) and at least 12 months of goods and services tax (GST) registration where applicable. Only an accountant who has acted for the applicant for at least 12 months can supply that verification.

A RESIMAC low-doc enquiry therefore needs an income-evidence plan. Alternative documents must still support the declared income. Assemble existing loan statements and living expenses alongside that evidence so the servicing calculation includes the borrower’s commitments.

Record Credit Events Separately

Record each adverse listing’s amount, listing date, paid date and cause, then tie it to the credit report and account statements. The Prime Alt Doc specification considers a maximum of two paid default listings with a combined value below $500. That rule belongs to Prime Alt Doc, not the entire RESIMAC range.

Specialist products assess broader credit circumstances through their tiers. Where several listings arise from one event, explain the common cause and give the chronology. Keep evidence of current repayment conduct with the file.

An exception request must name the rule outside which the borrower falls and the facts supporting reconsideration. A broker’s explanation, a lender discussion and formal approval are separate records.

A willingness to consider the scenario doesn’t approve the loan.

Check the Property and Security

Check the property against the selected RESIMAC product before applying its headline LVR. The Prime specification effective 7 May 2026 accepts completed dwellings and excludes construction. Vacant land can be collateral security, but it doesn’t become an eligible standalone Prime land loan.

Prime purchase and dollar-for-dollar refinance have a published maximum of 95% LVR inclusive of lenders mortgage insurance (LMI), subject to the insurer’s policy. Prime Alt Doc has a 90% purchase maximum. It uses a risk fee above 80% LVR instead of LMI, with capitalisation limited to the product’s maximum LVR.

Prime Alt Doc’s location matrix allows Category 1 and Category 2 security at up to 80% LVR. Above 80%, its matrix shows Category 1 only, with a lower maximum loan amount. A postcode category can therefore remove a product even when the income route fits.

Use these checks to distinguish published boundaries from the property decision that requires lender confirmation.

Security check	Public criteria	Written confirmation for the file
Type and use	The Prime guide excludes construction, income-producing farms and listed unusual securities	Address, zoning, actual use and any feature needing an exception
Location	Product matrices use location categories with different loan limits	The property’s category and any postcode-specific restriction
Valuation	The guide requires an independent approved-panel valuation, no older than 180 days at settlement	Valuer instruction, accepted value and any required update
Loan amount and LVR	Purpose, location and product determine the maximum	Final loan including any capitalised fee or premium, divided by accepted value
Insurance or risk fee	Prime and Prime Alt Doc have different treatments	Insurer eligibility or the exact risk-fee treatment for the proposed loan

For a hypothetical Prime Alt Doc purchase, a $540,000 base loan against a $600,000 accepted value is already 90% LVR. Adding a risk fee to that loan would take it above the 90% cap.

Reduce the base borrowing or fund the fee separately before treating the structure as within that published limit.

Compare Features and Total Cost

Compare two suitable RESIMAC products using the same loan amount, term and repayment type, then include the fees the client will actually incur. RESIMAC’s Prime and Prime Alt Doc specifications effective 7 May 2026 describe materially different costs and rate options.

Feature	Prime Standard and Prime Flex	Prime Alt Doc
Offset	100% offset available	100% offset available
Rate options	Variable, with fixed available after settlement	Variable, with fixed unavailable
Principal and interest term	15 to 30 years	15 to 30 years
Owner-occupied interest only	One to five years, maximum 80% LVR	One to five years, maximum 80% LVR
Investment interest only	One to ten years, maximum 95% LVR	One to five years, maximum 90% LVR
Scheduled repayments	Weekly or fortnightly principal and interest, or monthly	Weekly or fortnightly principal and interest, or monthly
Online/phone redraw	No redraw fee, minimum $100 and maximum $20,000 per day	No redraw fee, minimum $100 and maximum $20,000 per day
Manual redraw	$26 per request	$26 per request
Settlement fee	$199	$599
Annual fee	Standard $0, Flex $299	$0
Extra upfront cost	LMI where required	Risk fee above 80% LVR

The figures are Australian dollars. Valuation is charged at cost, and legal or other charges depend on the structure. The fee schedule dated 10 March 2025 lists general servicing and exit charges.

Keep those alongside the product-specific charges when costing the client’s expected holding period.

RESIMAC’s rate page states an effective date of 10 August 2026 for new business. Rate eligibility depends on loan size, purpose, repayment type, scenario and LVR. Use the applicable rate row for each product, not the page’s lowest displayed rate.

A comparison rate has its own assumptions. RESIMAC calculates the displayed comparison rate on a $150,000 loan over 25 years, so it won’t directly price a larger client loan.

Compare Standard With Flex on the Same Facts

For a hypothetical borrower eligible for both Prime Standard and Prime Flex, hold the loan amount and all borrower facts constant. Flex’s $299 annual fee pays for a lower rate. Over three years, that fee totals $897, before interest differences or changes to the client’s balance.

Calculate interest on the expected balance after offset funds, then add settlement, annual and likely servicing or exit charges. Flex fits the cost case when its interest saving exceeds its extra fees over the client’s holding period. Standard can fit better when that saving is smaller.

Redraw and offset also affect how the client uses savings. RESIMAC’s loan-features guide effective 1 August 2024 explains that offset funds reduce the balance used to calculate interest while leaving contractual repayments unchanged. Dynamic repayments reduce the repayment amount as available redraw increases and exclude interest-only and fixed-rate loans.

Prepare a Policy Escalation

Send RESIMAC a specific borrower-and-property question when an exception or a conflict affects the recommendation. As at October 2026, BrokerZone has a business development manager (BDM) contact route. The RESIMAC broker access guide explains that entry and support route.

Use a short enquiry like this hypothetical example.

Owner-occupied refinance to Prime Alt Doc. The borrower has traded in the same business for 30 months and has held GST registration for 18 months. Proposed loan $560,000, accepted security value $700,000, LVR 80%. Completed residential house, single security. Income evidence is a financial declaration plus three months of business bank statements. Please confirm the address’s location category and the applicable documentation requirement at exactly 80% LVR. Sources are the broker guide dated 28 April 2026 and Prime Alt Doc specification effective 7 May 2026.

Attach the facts that could change the answer, including credit events or the precise cash-out purpose. Ask whether the answer describes standard policy, a conditional approval path or an exception requiring credit approval. Retain the response with its date and the staff member’s name.

If a public product page conflicts with a dated specification, quote both passages in the enquiry and ask which governs that product and application. For example, the SMSF specification effective 10 August 2026 limits lending to the stated refinance route. A generic purchase description doesn’t establish a new-purchase pathway.

You can use Bulma’s Policy Advisor to retrieve the lender’s quoted policy wording for the file note. Keep the lender’s written clarification with it when an application needs an exception. Use the lender policy guides to compare another lender’s route if the written answer leaves this borrower outside RESIMAC’s acceptable structure.