Low-Deposit Home Loans
Considering Your Options When You Have a Smaller Deposit
If you’re in this position, you might consider exploring low-deposit home loans. These may suit first-time buyers, professionals, or investors who have a smaller deposit and meet specific lender criteria.
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How These Loans Typically Work
Low-deposit home loans are generally known as high Loan-to-Value Ratio (LVR) loans. They allow you to borrow more than 80% of a property’s value.
In situations where your deposit is below the usual 20%, lenders may still offer a loan, though you may need to pay Lenders’ Mortgage Insurance (LMI) to offset the lender’s increased risk.
Some financial institutions may offer up to 85% or 95% LVR loans, depending on your income, credit profile, and the lender’s specific policies. To understand your potential eligibility, you can contact one of our reliable mortgage brokers.
What Is the First Home Guarantee?
The First Home Guarantee is a government-backed initiative available to eligible first-home buyers. It is offered through Housing Australia, formerly known as NHFIC.
This scheme provides a limited number of places and may allow eligible applicants to buy a home with as little as a 5% deposit, without paying LMI. The availability and eligibility requirements may change, so we suggest speaking with our brokers to see whether you qualify under current criteria.
Visit Your Local Mortgage Broker on the Sunshine Coast
Whether you're buying your first home, refinancing, or exploring loan options through a trust or SMSF, we’re here to guide you every step of the way. As your trusted Mortgage Broker on the Sunshine Coast, we offer personalised advice tailored to your needs.
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LMI Waived Loans For Medical & Healthcare Professionals
At Ausfirst Lending Group, we understand that medical and healthcare professionals need more than just a loan—they need a lending partner who appreciates their unique journey. Whether you're a doctor, nurse, dentist, or allied health specialist, we provide tailored home loan solutions with personal guidance, LMI waivers, and flexible options that fit your career and lifestyle. With Richard’s 30+ years of hands-on broking experience, we ensure your loan process is managed with care, transparency, and expertise from start to finish
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Education Professionals
Educators play a vital role in shaping future generations, and we’re here to ensure their home loan journey is just as rewarding. Whether you're a school teacher, early childhood educator, university lecturer, or support staff member, we offer home loan solutions designed to recognise your dedication to the community. From exclusive lending benefits to flexible loan structures, we simplify the process so you can focus on what you do best—teaching and supporting others.
Home Loans for Teachers
Law Enforcement & Legal Professionals
For those who serve and protect—whether in law enforcement, emergency services, legal professions, or defence—navigating the home loan process should be as straightforward as possible. We offer tailored mortgage solutions that acknowledge the unique demands of your profession, providing structured lending benefits, flexible options, and personalised support.
From police officers and firefighters to lawyers and defence personnel, we’re here to simplify your path to homeownership with solutions designed around your service.
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FAQs on Low-Deposit Home Loans
Not all lenders offer low-deposit home loans. However, both major banks and non-bank lenders may have suitable options, depending on your financial profile and the type of property you're purchasing.
Yes, it's possible. Interest rates depend on factors such as your deposit size, profession, income, and credit history. Borrowers with stable employment and strong financial profiles—particularly certain professionals—may qualify for competitive rates even with a smaller deposit.
Some lenders may also offer home loans with 85% to 95% loan-to-value ratios (LVRs) without requiring Lenders Mortgage Insurance (LMI), subject to their lending policies and your eligibility.
They can be. A smaller deposit may result in a higher interest rate or additional lending costs. However, this depends on your overall financial position. Strong income, secure employment, and a solid credit history may help you qualify for more competitive loan terms.
Yes, some major lenders do offer low-deposit home loans, although eligibility varies between lenders. We can help assess your financial situation and identify lenders that best suit your goals. Depending on your circumstances, you may also qualify for flexible loan features or reduced Lenders Mortgage Insurance (LMI) costs.
