How Does It Work?
1. Guarantor Home Loan
A family-backed solution with up to 110% financing.
If your parents or close family own property, they can offer part of their equity as security. You get the full purchase price, and sometimes extra to cover stamp duty or legal fees, without using your own savings.
- Borrow up to 110%
- Only 5% genuine savings required
- No LMI
2. Equity Home Loan
Turn your current home’s value into your next deposit.
If you already own a property, you may not need savings at all. Some lenders allow you to use the equity you’ve built up as a deposit for your next purchase
- Use existing equity as your deposit
- No genuine savings needed
- Great for investors and current homeowners looking to grow their portfolio
Who Can Qualify For A No-Deposit Home Loan?
Lenders need extra confidence when there’s no deposit involved. Here’s what they look for:
- Clean credit history: No defaults or missed payments. A strong Equifax score is essential.
- On-time repayments: Current debts like credit cards, loans, and rent must be paid on time.
- Property location: Capital cities, major towns, or regional centres preferred. Some lenders allow broader locations.
- Property type: Standard homes, townhouses, units or vacant land. Unique or unusual properties may not qualify.
- Stable income & employment: Full-time, ongoing work with enough income to comfortably cover repayments.
- Profession (bonus): Professionals (doctors, nurses, teachers, accountants, lawyers, etc.) are often seen as lower risk, but anyone can apply.
Real People. Real Keys.
We have used HLE in a few different circumstances, like having a retired guarantor, using equity in one property to purchase another, refinancing etc and in each case they were able to help us secure finance.
Made the whole process easy – I recently had the pleasure of working with Home Loan Experts to secure my guarantor loan, and I couldn’t be more satisfied with the experience
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.
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Enquire with us.
Fill out our quick assessment form or call us at 1300 889 743.
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Understand your situation.
A dedicated expert will connect with you to understand your specific goals. Together, we’ll assess your current mortgage standing.
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Secure your ideal refinance solution.
Leverage our network of lenders to find the best option based on your needs.