Get your own home in the South West with a no deposit home loan!
A no deposit home loan will get you onto the property market much faster. Instead of spending years trying to save a large deposit, you could be building the home of your dreams in the South West. Owning a home might feel like a long way off right now, but zero deposit home loans make building a home more than possible. Even if you’ve got no deposit and little savings, you could get started on your home building journey with us!
What’s a no deposit home loan?
A no deposit home loan let’s you buy a home of your own by tapping into resources other than genuine savings. Whilst a traditional loan might require you to save up for months or even years for a 10% or even 20% deposit, a zero deposit home loan requires zero genuine savings. Instead you’re able to use cash gifts from your family, windfalls like lottery winnings or an inheritance or even the $10,000 First Home Owners Grant (FHOG) to meet your loan requirements. Alternatively, you may also be able to use a guarantor to secure a low deposit home loan.
Getting a no deposit home loan means you’ll be able to start building in the South West much quicker, which means you can stop paying someone’s else’s mortgage or get out from under Mum and Dad’s roof much sooner!


Who’s eligible for a no deposit home loan?
To be eligible for a no 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! Get in touch with us to find out if you qualify for a no deposit home loan today! Your new life in the South West could be much closer than you think.
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!
What are the main benefits of a no deposit loan?
The main benefit of a no deposit home loan is that it will help you get onto the property market much more quickly which means you can start building the equity in your home and save money on rent. There are drawbacks however, they usually require home buyers to pay Lenders Mortgage Insurance (LMI) and strict eligibility criteria usually applies.
What’s the lending criteria for a no deposit loan?
Most lenders will have fairly strict criteria for a no deposit home loan. Requirements for a borrow may include;
- A good credit score
- Responsible repayment history
- Stable employment