Broker guide
Victorian Mortgage Group Policy for Brokers 2026
Have a Victorian Mortgage Group scenario? Check the actual funding product, income evidence, property rules and how the broker submits it.
- Published
- Updated
Victorian Mortgage Group (VMG) provides residentially secured lending through accredited mortgage brokers, with Full Doc and Alt Doc income-verification routes. Its residential target market determination names Crucis Pty Ltd as issuer and Victorian Mortgage Group Pty Ltd as manager. Select the product and documentation route before applying a lending rule to your client’s file.
Identify the Funding Route
VMG’s product range separates borrowers by credit circumstances and the evidence available to support the application. Its loan products list Prime, Near Prime, Specialist, Specialist + and Flexi Business +. The last is a business-lending route secured by residential property.
The residential target market determination identifies Crucis Pty Ltd, Australian credit licence 387666, as issuer. Victorian Mortgage Group Pty Ltd is the manager, with credit representative number 398125. Record the issuer and manager separately when matching disclosures to the proposed loan.
The Prime product page requires clean credit and also describes Alt Doc Prime for self-employed borrowers needing flexible income verification. Near Prime considers credit issues, including paid or unpaid defaults, with unpaid defaults paid at settlement. Product names alone don’t establish that the same income or security conditions apply across the range.
VMG’s contact guidance says it lends exclusively through accredited brokers. Accredited brokers can approach their business development manager (BDM), while new brokers use VMG’s accreditation route. A borrower enquiry and a broker’s formal application are separate steps.
For each scenario, identify the proposed product and borrower structure. Record whether the funds support a personal, investment or business purpose. Match that combination to the applicable disclosures and policy response before presenting it as an available route.
Evidence for the Borrower
VMG requires evidence supporting the declared income under both Full Doc and Alt Doc routes. Full Doc uses financial and tax records to establish income. Alt Doc uses the specified alternative evidence alongside the borrower’s declaration.
VMG’s 2026 application checklist distinguishes the following evidence routes.
| Borrower or route | Evidence to prepare | Condition to preserve |
|---|---|---|
| Salary or wage earner | Two consecutive current payslips and three months of transaction statements | An employer letter can support employment details. |
| Self-employed Full Doc | Lodged tax return, tax-account records or business financials, plus management accounts, current business activity statements and transaction statements | Include three months of business and personal account activity. |
| Business trading for less than 12 months | Management or interim accounts, tax-portal records or business activity statements if registered for goods and services tax | The checklist separately requires three months of business and personal statements. |
| Self-employed Alt Doc | Signed income declaration plus an approved accountant’s letter, six months of business statements or six months of business activity statements | Include the most recent lodgement when using business activity statements. |
The checklist also requires independent income verification for both documentation routes. Account deposits must support the income being assessed. Prepare evidence of the money available for repayments alongside the declared figure.
VMG’s accountant’s declaration asks the accountant to confirm their relationship with the applicant and professional membership. It also asks about tax-return lodgement and awareness of factors affecting repayment capacity. Send the actual form to the accountant so they can assess every statement they are being asked to certify.
The borrower declaration records the business and declared net income. Reconcile that figure with the supporting records. For a self-employed home loan, explain material changes in income and identify which entity earns the income used for repayments.
A checklist heading for a business trading less than 12 months doesn’t guarantee approval at any particular trading age. If the file needs an exception, state the requested departure separately from the evidence already available. An accountant’s letter supports assessment and doesn’t replace the lender’s decision.
Security and Purpose
VMG’s loans rely on residential security, including where the funds support a business purpose. The published Prime and Near Prime pages show a maximum loan-to-value ratio (LVR) of 80%. LVR is the loan amount divided by the property’s assessed value, expressed as a percentage.
An advertised maximum doesn’t establish the permitted amount for a particular property. Give VMG the address and postcode, property type and proposed occupancy. Identify any unusual title, construction work or feature affecting valuation or saleability.
Keep the purchase price separate from the lender’s accepted valuation. In a hypothetical purchase, a $640,000 loan against an $800,000 accepted value has an 80% LVR. If the accepted value falls to $760,000, the same loan has an LVR of about 84.2%.
The lower valuation changes the funds required or the loan structure. Recalculate the cash contribution and costs before relying on the original deposit figure. For a gifted deposit, VMG’s checklist requests written confirmation that the gift is non-repayable.
Declare each use of funds, including the debts being refinanced and any cash released. VMG’s product information includes residential purchases, refinancing and equity release for business requirements. Match business-purpose funds to the relevant route even when a home supplies the security.
Request a property-specific answer covering the acceptable valuation, postcode and proposed LVR. For construction, identify the building contract and works involved so the response addresses construction lending rather than a completed-property loan.
Obtain a File-Specific Answer
Use VMG’s scenario form or your BDM to test the proposed structure before lodging a formal application. The form asks about the security and borrower types, transaction objective, income and credit conduct. It also collects the loan amount, estimated LVR and whether the property is metropolitan or non-metropolitan.
A useful scenario summary follows this order:
- State the requested loan amount, purpose, proposed product and borrower entities.
- Describe the income route and list the supporting documents already available.
- Identify the property, estimated value and cash contribution.
- Explain defaults, arrears or other issues affecting assessment, with amounts and current status.
- Ask a specific question about any departure from the proposed product’s requirements.
For example, a self-employed applicant might have six months of business statements and a declared income that increased after a new contract. Ask whether that evidence supports the selected Alt Doc product and which further records VMG requires. Keep any requested exception separate from the ordinary documentation route.
Retain VMG’s written response with the scenario sent, including all assumptions and conditions. If the accepted valuation or income evidence changes, update the scenario and obtain a response to the changed facts. Keep that record with your preliminary credit assessment.
For new formal applications, VMG’s lodgement instructions require ApplyOnline across its product range. The platform lists required documents and prevents submission while mandatory items are missing. Information requests and responses remain attached to the application.
Select Victorian Mortgage Group in ApplyOnline and complete the application using the agreed structure. Before submission, reconcile its figures with the evidence and written scenario response. After lodging, retain the application reference and respond to outstanding conditions through the application.
