Low deposit home loans for first home buyers
Owning a home is not as easy as it once was. With inflation, higher interest rates and the rise of living costs, it is becoming harder to be able to save that 20% deposit, be approved for a home loan, and own a property in Australia. With HAS, we understand this struggle and offer low deposit home loans for first home buyers. HAS brings 2.5% deposit home loans Australia wide, helping families, professionals, and single parent first home buyers skip a decade of saving and achieve their dream of property ownership – right now.
How it works – with just a 2.5% deposit home loan and you bring a sponsor to invest alongside you. HAS shared equity provides you the remaining 17.5%, to bring your deposit up to that 20%.
LMI Options
With the other 80% portion of your loan sitting with a bank, you also avoid costly Lenders Mortgage Insurance (LMI), a once off type of insurance payment protecting lenders if you need to borrow more than 80% of your home’s value. The amount will depend on the lender, size of your deposit and how much you need to borrow.
Sponsors can enjoy a return on their investment, without the risk. A sponsor, for example, could be parents helping you secure a property, without the risk of being a guarantor.
HAS shared equity is one of the best mortgages for first time buyers low deposit on the market. With HAS, low deposit first home buyers can break out and secure their financial future.
Buying a house with a small deposit through the First Home Guarantee Scheme (previously called First Home Buyers Low Deposit Scheme)
The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative that also supports eligible home buyers to buy a home sooner. Here is a *comparison for you to see how Home Affordability Solutions (HAS) is the best mortgage for first time buyers offering a low deposit.
Buying a house with a small deposit through the Family Guarantee Scheme
The Family Home Guarantee (FHG) scheme is an Australian Government initiative that aims to support eligible single parents with dependants in purchasing a family home. Here is a *comparison for you to see how Home Affordability Solutions (HAS) is the best mortgage for first time buyers offering a low deposit.
The comparisons speak for themselves how Home Affordability Solutions (HAS) is one of the best mortgages for first time buyers low deposit.
Want to test your eligibility for our lowest deposit for first time buyers’ solution?
Are you ready to buy? Test your eligibility for our lowest deposit for first time buyers’ solution here.
*Disclaimer: Facts as of September 2023 are of general information and nature only and are subject to change.
Content Source: https://yourhas.com.au/how-to-buy-your-first-home-with-a-low-deposit/
In this case, you can access more available options, including low deposit home loans and even no deposit loans (if you have a trusted guarantor) that could enable you to get in the home market sooner.
So here we have discussed a few of the ways you can potentially select to buy a house with no deposit home loans Vic.
Don't let your lack of a deposit stop you from buying your first home.
If, like many Australians you are finding it tough to save enough deposit for buying my first home Australia then help may be available to you.
If you have any question look at our website
