The Cost Of Waiting
Every year spent saving for a bigger deposit comes with trade-offs:
- Property prices keep rising.
- Rent drains money you’ll never get back.
- Explore more housing options than ever.
- Your dream home can slip further away.
The hidden cost isn’t just financial. It’s the frustration of feeling stuck while others move forward.
Why Less Than 20% Works
It’s not luck. It’s knowing the rules.
- Government schemes and grants to help you buy as little as 5%
- Lenders that consider strong rental history as genuine savings
- Family support options that cover what’s missing
The Low Deposit Breakthrough
Here are some of the most common ways buyers purchase with less than 20%:
- 5% deposit: Access government guarantees that waive LMI
- 10-15% deposit: Get lender options with reduced upfront costs
- Gifted deposit: Counted as genuine savings in many cases
- Guarantor loans: Use family support to cover the gap
You may be closer to your first home than you think.
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Real People, Real Experiences
My Husband and I met later in life and had no way of saving the 20% deposit for a home of our own. Within 4 weeks we had full approval from the bank and we are now about to move into our dream home that a month ago we never thought would be possible.
I had been advised by various mortgage brokers that I needed to save up more money for a deposit. Then one day I got a call from Home Loan Experts and now we are about to own our first home having secured a formal approval.
I was after a loan without paying LMI but didn’t have much of a deposit. I received a good deal at competitive rates that I couldn’t of achieved without them. Excellent service and communication, would highly recommend!
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