No Deposit & Low Deposit Home Loans — Exclusive to Resolve customers only
No two low deposit home loans are alike
The right low deposit home loan can be the difference between ‘comfortably affordable’ and ‘just out of reach’. But it’s important to remember, it’s not just about the deposit amount. Some seem inviting until you check out their terms and conditions. Others more than make up for their low deposit with outrageous interest.
Choose the low deposit home loan that’s just right
Like any other sort of home loan, a low deposit home loan should be tailored to your needs. At Resolve, that’s precisely what we do. We have access to a number of low deposit home loans, from all the major lenders. And some exclusive to our customers only — no-one else in Australia can get them.
So when we’ve analysed your situation and identified your home loan needs, we can quickly find the exact loan that’s just the right fit.
Some popular no-deposit & low-deposit home loans
There are a number of no deposit and low deposit home loans available. Here’s a selection of some excellent deals we currently have access to…
‘Deposit Assist’ no deposit home loan — No deposit required!
Don’t have a deposit? No problems. If you build through one of our builder partners, you get access to the ‘Deposit Assist’ home loan, a no-deposit home loan available only to Resolve customers. No-one else offers no-deposit home loans to first home owners — it’s available exclusively through Resolve Finance.
5% low deposit home loan — Genuine savings not required
Another great option, this home loan requires only a 5% deposit (5% of the purchase price of your property), but does not require the money to be genuine savings. So if you have a lump sum — like a recent tax return, a gift from parents or an inheritance — you can use this as your deposit. Unlike some other low deposit home loans, this product can also be used for a construction loan.
Guarantor home loan — Use your parents’ equity to reduce your deposit
Many young home buyers enlist their parents’ help in getting a home loan. But it doesn’t have to be in the form of cash. We have access to a number of products that allow you to offer the equity your parents have in their current home as security against your new home. This can significantly reduce the deposit required and also the amount of mortgage insurance you'll have to pay.
Smart Families is a brand new product, a first for Australia in fact, that allows your parents to help you come up with your deposit without putting their own home at risk. Mum and dad lend you your deposit in a formal arrangement at half the interest rate of your mortgage. And the best thing is you save on mortgage insurance and can still qualify for the First Home Owner Grant and stamp duty concessions. Find our more about Smart Families.
Keystart Loans — Provided by the WA State Government
Keystart is another consideration for borrowers in WA and isn’t just limited to first home buyers. We have been dealing with Keystart for many years and have full access to their products. The thing about Keystart loans is that they have very concise eligibility criteria, so as with any other loan, we’ll carefully assess your situation and let you know what is most suitable for you.
Enquire below to have one of our consultants call you back within 24 hours. They’ll be able to tell you on the spot what no deposit and low deposit home loans may be available to you.