The struggle to save for your first home deposit is real! You’ve been working hard and trying to save but you fall short of the 20% deposit banks usually want to see.
You shouldn’t have to miss out on owning your own home. Our finance partners are experienced mortgage brokers who can help first home buyers explore strategies to get into a new home sooner.
To qualify for a low deposit home loan you will need to be able to answer YES to the following basic criteria;
- Are you a permanent resident or Australian citizen
- Are you currently employed
- Is your income above $65,000 per year for a single or $90,000 for a couple
- Do you have a good credit history?
If you meet this criteria, get in touch asap as you may be closer to your first home than you think.
Click ‘Book a Chat’ with a first home consultant.
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Disclaimer: The information provided is general in nature and is not or should not be regarded as legal, financial or real estate advice. Users should seek their own legal, financial or real estate advice where appropriate. Every effort is made to ensure that the material is accurate and up to date. However, we do not guarantee or warrant the accuracy, completeness, or currency of the information provided. Before making any financial or property decisions you should seek professional advice from a licensed professional.