Welcome to No deposit Home Loans Australia where you will find everything you need to know about zero deposit home loans and where to start in acquiring your mortgage.
What is a no deposit home loan? Well put simply a no deposit home loan is exactly that, a loan where no deposit is required. Unfortunately these days with lenders being a lot more strict than the past, you really are going to need your parents or families help if you are a first home buyer to get your first home.Don't be disheartened though, it is easier than you think.
If you are a first home buyer the best thing you can do do get your first home is have a proven savings plan. All it needs to be is a bank statement showing that you are able to save a certain amount of money every week in a consistent manner. This shows the bank that you have expendable money and that you have discipline. Don't stress out though if you do not have a savings plan or savings. This is where your parents come in. If they are willing they will go guarantor, which means the bank will use an asset of theirs (their house) as security so that in the case you default on the loan and they can not re-coup the money from you as a last resort they have the right to sell your parents house. To see if you qualify for a home loan please fill out the 60 second application form below. All your details are dealt with in a secure manner.
A little bit about us..
No Deposit Home Loans Australia was designed for people in Australia who are looking to get a home, possibly their first but who have been unable to save a deposit.
Unfortunately if you reside outside of Australia we are not able to help you. We have now helped hundreds of Australian residents get into their first home and we are proud of it.
Getting a First Loan
While getting a first loan may seem to be a daunting procedure, it really doesn't have to be. We have already helped hundreds of first home buyers get into their own home without having saved a deposit. Using government incentives like the FHOG may be all that you need. For more information on the FHOG, just click on the FHOG in the navigation menu at the top of the page.
To apply just fill out our 60 second home loan application form by navigating to the apply page. Once you have applied we will be in touch within 48 hours. Please note that all your details are dealt with in a secure manner. For further information please refer to our privacy policy.
How we work.
How we work. We act as an intermediary (affiliate) for eChoice brokers who deal with the top lenders in Australia (such as CBA, Westpac, ANZ, NAB, and a whole lot of the smaller boutique lenders to find you the best loan to suit your needs at the best available finance rates.
