Get into the South West for less with a low deposit home loan.
Whether you’ve been renting for a while or you’ve owned a home before, low deposit home loans are a perfect way to get the home that you always wanted much sooner. Start reaping the benefits of life in the South West and owning your own home right away, instead of waiting for years to save up a large deposit.
What is a low deposit home loan?
In Australia, many lenders require deposits of 10% or even 20%, this combined with existing rent and other living expenses can make saving up for a home seem like an impossible dream. Luckily, there are low deposit home loans available! Low deposit home loans are ideal for first home buyers as they make it much easier to get into the property market much earlier. Instead of wasting money on rent, a low deposit home loan lets homebuyers break into the market with a much lower deposit, usually around 5% but sometimes as low as 2%.
To qualify for a low deposit home loan you don’t even need genuine savings, you could use a windfall like lottery winnings, or if you’re a first home buyer you can even use the First Home Owners Grant (FHOG) as a deposit. This means you can start building your own future much faster, instead of paying off someone else’s mortgage!


Who’s eligible for a low deposit home loan?
To be eligible for a low deposit home loan, you’ll need to meet a number of requirements. Here’s the basics you’ll need…- To be 18 years or older
- To be an Australian citizen or permanent resident
- To have a stable income
Ready to get started?
Our in-house team of finance specialists can help! Owning a home in the South West could be much closer than you think. Get in touch with us today to find out what you qualify for.
FAQ’s
Find the answers to some of the most common questions asked by first home buyers, or get in touch with our expert team to learn more!
Can I buy a house with a small deposit?
Yes, with a low deposit home loan you can. Low deposit loans are designed to help you get into the housing market quicker, even if you don’t have a lot saved up. If you only have a small amount of savings but can afford to pay your rent, then a low deposit home loan could be for you.
What’s the lowest deposit for a mortgage?
Generally the lowest deposit you can expect from a traditional lender is around 10%, although some are willing to accept a deposit of 5%. It’s possible to pay a deposit as low as 2% with WA’s Keystart initiative, but strict eligibility criteria apply.
What are the main benefits of a low deposit loan?
The main advantages of a low deposit home loan is that they allow you to get onto the property market sooner with a smaller deposit which means you can stop paying rent and start growing the equity in your home.