5% Deposit Home Loans: A Game-Changer for First-Time Buyers

Saving for a deposit is often one of the biggest challenges when buying your first home. Fortunately, with a 5% deposit home loan, you can enter the property market sooner. Instead of the traditional 20% deposit, this option allows you to secure a mortgage with just 5%, provided you meet the lender's criteria.

These loans, sometimes supported by first home buyer government schemes, make homeownership accessible to more Australians, especially in areas where property prices are high. With a 95% LVR mortgage for first home buyers, you can borrow a higher percentage of the property's value, reducing your upfront costs.

While this sounds appealing, it's essential to understand the additional costs, such as Lenders Mortgage Insurance (LMI), which may apply. Seeking expert advice will ensure you make an informed decision.

Curious if you qualify for a 5% deposit loan? Contact us today to calculate your borrowing power and find out more.

Disclaimer: The content provided is for informational purposes only and is not financial advice. Please consult a professional advisor to discuss your specific situation.