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Bridget

2 months ago

Hi Adrian, head to HashChing's landing page here: https://www.hashching.com.au/access-no-deposit-home-loan-australia/#/ we have access to the 100% No Deposit Home Loan you're referring to. Thanks.

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Abdul

5 months ago

This was posted by Hash Ching and you need to show your interested from the link provided. I think though they have now closed this deal as they had a great response and offer was limited. Usually though as Robin stated you will need at least 5% deposit

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Amanda

5 months ago

Most lenders will still require a 5% genuine savings and some will consider a clear rental history (via a real estate agent) of 6-12 months towards this savings. Other than this, have you considered a family guarantor loan? Do you have any immediate family (parents, grandparents or siblings) that would consider offering their property as a part guarantee ? Talk to your broker

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Robin

5 months ago

Hi Adrian. Every Lender will ask for at least 5% of the property value as deposit. Some lenders require those funds to be in a savings account for 3 months. This can be waived if you have a clear rental history of 6-12 months. Other lenders are not fussed about the origin of the money so long as you can show you have it (you will pay higher interest rates on this). But you need access to more than 5%. By the time you pay application fee, Loan Mortgage Insurance, lawyer, and State Government fees (either in full or discounted depending on your circumstances) you may well need access to about 8-10%. One or two lenders will loan up to 99% of the value of the home but you will still need 5% (FHOG can be used). Talk to a broker:-)

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Jason

5 months ago

Contact your nearest broker and they should be able to help you with information on various options.

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