Yes! You can get a home loan if you’re over 50!

  • In strong cases, borrow up to 95% for an investment property. Owner occupied also accepted in some cases.
  • We can build a strong case with a lender that takes a common sense approach to your financial situation.
  • 65 years old or over? We may still be able to help borrowers already in retirement age.

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Our award-winning mortgage brokers will find you the right home loan for your situation.

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How to get approved when you’re over 50

Although requirements vary from lender to lender, you’ll generally need:

  • A defined exit strategy (see below – exit strategy).
  • Repay the loan prior to your retirement (see below – retirement rule).
  • To apply with a lender that understands and accepts mature age borrowers.

What if I’m 65 or older?

If you’re still earning an income from shares, a business, rent or if you’re still working, you may be able to get approval. However, we’ll need to show the lender that your income is ongoing. If you’re still working, we may need to prove that you can continue to work until the loan is repaid.

If you’ve already retired and have no ongoing income, then you may be able to apply for a seniors equity release. This type of loan is designed for elderly borrowers who have significant equity in their home.

No repayments are required and the interest capitalises until the property is sold.

What do I need to show in my exit strategy?

Most lenders require you to prove an exit strategy, which can vary depending on your asset position, income and retirement plans. Common strategies include:

  • Downsizing to a smaller home when you reach retirement (not accepted by all lenders).
  • The sale of assets such as an investment property or shares.
  • Lump sum repayments from superannuation.
  • Ongoing income from superannuation.

We’ve lent more than $1 billion+ Australia-wide.

  • They walked us through the process step by step

    We would like to say thank you to Hank from Home Loan Experts for all his help in getting us a guarantor loan.

    We were really unsure if we would ever get an approval for a home loan, but Hank immediately knew the right lender to approach for our situation, and made the whole process simple…

    We would definitely recommend Home Loan Experts to anyone. Thanks again to Hank and the team from Home Loan Experts for making it possible for us to own our first home.

    Ianthe S & Jadobi l, Carina QLD

  • A very friendly, professional and helpful team

    The team was very friendly, professional, helpful and went out of their way to get the right loan that was suitable for us… I recommend this service for those who find it very hard to purchase a property going directly to a bank. Thank you Home Loan Experts, you have finally given my family and me the opportunity to own a beautiful home.

    Denise H, Epping VIC

  • A lot smoother and less stressful than having to deal with banks as an individual

    Our mortgage broker was very personable and made us feel like he went above and beyond to assist us in getting our home loan. He had a great knowledge of guarantor home loans which set our minds at ease. He was happy to answer any questions even outside business hours and responded in a professional and timely manner. As a second home buyer I would recommend going through the home loan experts as this process was a lot smoother and less stressful than having to deal with banks as an individual. I would especially recommend Hoa to others.

    Melissa H & Rhys B, Wynnum West QLD

  • Exceeded my expectations in terms of results

    Throughout the process I felt confident in knowing I could rely on you and at no stage did I ever feel that trust could be an issue with you. You have exceeded my expectations in terms of results and have done this with very short notice. You are an asset to your company and a role model to your profession… I already have and will continue to recommend your services to friends and family.

    Thomas M & Tanya W, Botany NSW

  • So easy to speak to no matter how stressful the situation

    We are both so grateful to Amine for all of his hard work and great advice over the past year! It’s been such a long journey… We are starting to settle into our new home in Trentham now. It is just so beautiful and relaxing! We really love it and are so happy with our purchase. Amine was right all along – things happen for a reason! Thank you Amine for always being there for us.

    Tanya & Andrew B, West Melbourne VIC

  • He even made a guarantor loan from our parents seem effortless!

    After the roller coaster ride of going cap in hand to the bank manager, only to be turned away… we found Tony. What a refreshing change! Within a 2 week time frame, we had approval and were able to follow the normal approval process to get the loan…. With Tony’s inside knowledge on how lenders think he was able to approach the bank with an excellent case and really put us in a great position in the lender’s eyes…. We recommend Tony and Home Loan Experts strongly and will be using them for our next purchase…

    Julie W & Luisa C, Waikiki WA

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