Low Deposit Home Loans
Low Deposit – Prime home loans for borrowers with a good credit history.
Low Deposit Home Loan – At a glance
Direct Credit’s own Low deposit home loan can cater to borrowers who have little in the way of a deposit
Your would need a minimum 5% deposit saved up as genuine savings to contribute toward your purchase. If you do not have 5% genuine savings to contribute, your equity contribution may be by way of a gift from a family member, sale of an asset like a vehicle or First Home Owners Grant. The lenders mortgage insurance premium can be capitalised up to a maximum of 98% loan to value ratio.
Most lenders in the current market will lend you a maximum of 95% of the property value, plus you also have to find the 3+% lenders mortgage insurance premium as well. Direct Credit will capitalise most of the LMI fee up to 98%, which means you need less deposit to get in to the market today!
Features & Criteria – Low Deposit Home Loan
Loan Product Features –
Steps to your Low Deposit Home Loans
1. Am I eligible for a loan?
If you are a PAYG earner or self-employed, have a tax debt and equity in existing property – you may qualify.
2. Know your loan capacity
See how much you can borrow using our simple borrowing power calculator, or call one of our friendly team to get a detailed borrowing capacity over the phone today.
3. Book a consultation or apply online
Call us on Freecall 1800 000 800 for a no obligation chat or, if you’re ready to apply get started now.