Lending Hand Finance - Home Loans (No Deposit Home Loans)

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No Deposit Home Loans

Rising property values have priced many first home owners out of the market because they are simply unable to save a deposit. But lenders have recognised the situation and created a product to suit: no deposit loans.

No deposit loans are available for a number of purposes, including new and established building, owner-occupied, as well as for investment.

Lenders base qualification criteria on the ability to service a mortgage, rather than having the savings required to qualify for a typical mainstream product. They are therefore ideal for first home owners.

Requirement typically entails proof of Australian residency as well as mortgage insurance for loan to value rations (LVRs) of over 80%.

No deposit loans can also prove useful for property investors looking to take advantage of leveraging. But there are some pitfalls, mainly the possibility of negative equity should prices slide and you're left owing more than what your property is worth.

Did You Know?

Lending Hand Finance can assist you with No Deposit Home Loans and determine whether this solution is feasable for you.

Contact Lending Hand Finance on
1300 850 545 or

Mortgage & Finance Association of Australia

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We can help with comparing home loans / mortgages, understanding mortgage insurance (LMI) and your home loan fees, stamp duty comparison in different states, pmi and info on (FHOG) first home owners grant (getting the $7000 grant).