Low Deposit Home Loans QLD
What is a low deposit home loans in QLD?
Low-deposit home loans
There are many types of home loan products in the market. In some circumstances that you can borrow up to 110% LVR of the property purchasing. Meaning you may not need any deposit for the purchase. While, most of the lenders will lend you up to 95% LVR, however, there are ways to pay no deposit or pay low deposit home loans.
How much can I borrow?
Borrowing up to 110% LVR of the property value with a family guarantee. (must be a relative of the borrower)
Borrowing up to 100% using existing equity of another property owned.
Borrowing up to 98% inc. LMI with some specialist lenders. Higher interest rate and fees.
Borrowing up to 95% inc. LMIwith majority of lenders.
What types of deposits are accepted?
Non-repayable gifts from relatives
Personal loans - We must show enough incomes to cover both personal loans and the new home loan.
Sale of assets
Discover if you qualify for low deposit home loans?
We are here to help you to buy any property in QLD, Australia. Our dedicated finance experts speak your language and will say Yes.
What are low-deposit home loans?
Banks/lenders have their own target market. A finance broker expert can assist you in deciding which bank/lender products best suits you.
However, if you could satisfy the lender's mortgage insurance (LMI), then you may be able to borrow as much as 98% LVR including LMI.
SC Brokers have extensive knowledge and experience in providing finance for off-the-plan properties, whether it is an apartment, townhouse or house & land package. We ensure sufficient work is carried out at an early stage for the valuer to know better about the project to provide a better result.
Our multi award-winning team will ensure that your receive the best service possible.
If, in the unlikely event the builder has gone into trouble, please contact your finance broker asap to extend the construction period for the loan and send us the new building contract for valuation. Your loan, in general, will not require a re-assessment to confirm the borrowing capacity.