No deposit home loan solutions are not for everyone. The best way for you to get a home loan is to save a deposit of your own.
Following these tips will help you qualify:
- Prepare to buy: Use our prepare to buy program to prepare to qualify for a mortgage.
- Deposit: As a minimum save 5% of the purchase price in a bank account in your name. Make regular contributions.
- Don’t change jobs: Lenders like to see stable employment and steady income with their borrowers especially if you’re borrowing at a high LVR (loan to value ratio).
- Pay your bills on time: When you don’t have a large deposit, lenders rely on your credit file and your rental history to determine if you’re a reliable borrower.
- Stay in touch: Our mortgage brokers specialise in low deposit home loans. Get in touch with us when you’re ready to apply for a home loan.
Cheers,