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!
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.
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