Great job on saving a deposit. To qualify for a 95% home loan as a minimum you’ll need:
- Deposit: A minimum of 5% deposit, this can include the first home owners grant (FHOG).
- A steady income: You should be earning a regular income to support your mortgage repayments.
Not all lenders offer 95% home loans as they consider them to be higher risk. Lenders pick and choose who they approve.
Our mortgage brokers specialise in 95% home loans.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a 95% mortgage.
Cheers,