95% Home Loans
  • Got little deposit available?? ... Read on!
Send page to a friend printer friendly page icon

95% home loans


Do you want to become a home owner but have little deposit available?... If so then a 95% home loan may be best for you


Most Australian lenders will allow a loan up to 95% of the value of the property you are purchasing, and will then also lend you an additional amount to pay for mortgage insurance taking the total loan to around the 97-98% mark


Using a 95% home Loan, the amount of deposit you will need to contribute is dependent on a number of factors including the cost of the property, whether or not you are a first home buyer, whether you are buying an established property or a brand new unlived-in property, and the state or Australia that you purchase in. As a rough guide assuming a first home buyer and the purchase of a "brand new unlived-in property" ....

  • a $250,000 property could be purchased with as little as $0 deposit

  • a $500,000 property could be purchased with as little as $13,000 deposit


The amount of deposit you require is dictated by the state first home owner's grant rules and stamp duty exemptions applicable. More information on comparative stamp duty costs is available by calling us on 02-9210-1000.


Various lenders may also have rules requiring you show a "capacity to save" up to 5% of the cost price via a 3 month savings record. This is called "genuine savings and the requirement is on a case-by-case basis and also dependent on your final required loan to value ratio. There are various ways to either comply or avoid needing to comply and our knowledge and experience on how to acheive this is part of benefit of using Home Loan Advice Centre to help with your loan


Home Loan Advice Centre's loan service is provided to you completely free of charge. We can do this because our lenders (30 of Australia's main lending institutions) pay us commissions based on the wholesale volume of loans our group refers to them. We can therefore, offer you our experience and expertise, and guide you through the entire home buying journey, without charging you a cent. You end up with exactly the same loan if you'd organised it through a bank yourself, but we do all the leg work and negotiations with the banks for you ..... a great result!

So if you are looking to buy a home or investment property visit our 5 minute online enquiry page. We'll assess your loan options and send you a full report of your capacity. Also we'll include parts 1 and 2 of our eCourse ... an indepth guide to buying property in Australia. Click to see a sample.


To find out more about 95% home loans please call Home Loan Advice Centre on 02-9210-1000 or see the following links:


Application process

How much can I borrow

Loan enquiry page