So you want to buy or build your dream home but you don't have any deposit? The low equity loan can provide you with up to 100% of the purchase price of the property.

If you are a first home buyer and eligible for the $7,000 First Home Buyers grant then this money could go towards paying purchase and loan costs.

100% home loans are designed to assist people with a good credit rating and sound financial and asset position who:

• Want to purchase a home but only have a small deposit
• Want to purchase a home but do not have the deposit required

Typical situations where the No Deposit Home Loan would apply:

• Divorced person who has lost assets in settlement but has strong cash flow
• Persons who have loans declined by Mortgage Insurers due to insufficient savings history, unacceptable deposit sources or the valuation of the property has come in under expectations
• Someone who has sufficient income to afford to buy a more expensive house but has less than 5% deposit
• Person who has a deposit but would prefer to use some of their money for purchases after moving into their new home
• Young qualified professional who hasn't yet had time to save a deposit Applicants with a high income over a short term
• Individuals who want to purchase a property with no deposit

*Note: Additional funds may be required to cover purchase and loan costs

Key Benefits

Redraw facility
Choice of Fixed or variable rates
Borrow up to 100% of purchase price or valuation (whichever is the lesser)
Available for owner occupiers and investors
Construction loans available
House and Land Packages
Strata Units and Townhouses
Vacant Land (restrictions apply)