Our simple process for low deposit loans.

Step 1 - Contact Us

  • It all starts with making contact to tell us about your needs. We will then send you a secure link so you can provide us with the information we need to get started.

Step 2 - We get to work

  • Once we know what you need and we've received your information we begin to research over 50 banks and lenders to provide you with great options and loan recommendations no matter what your deposit size is.

Step 3 - Get Approved

  • Once you've decided to proceed, we put the loan application together and gather all supporting documents to ensure you get the finance you are after.

    From there we take care of the rest and work with your lender and conveyancer to guide you all the way through to settlement.

Have questions?

Essentially, a deposit less than 20% is considered a low deposit. Once you borrow more than 80% the lender considers the deposit higher risk than a loan that is secured with a 20% deposit. If you don’t have the full amount required, the bank faces an increased risk when they lend to you.

  1. You can pay Lenders Mortgage Insurance (LMI) which reduces the risk to the bank

  2. You can utilise a government scheme where the government will pay the LMI costs for you

  3. Consider having a guarantor (eg, mum and dad) on your home loan

  4. LMI waiver options for professionals such as Doctors, Lawyers and Chartered Accountants

  5. Access a deposit loan with as little as 2.2% which will save you LMI costs

With access to over 50 lenders, the team at Brokered Financial Services can provide you with guidance to secure the best low deposit home loan to suit your needs and timeline. Experienced low deposit brokers are key to identifying the most suitable home loan utilising a small deposit.

We can help.

Buying a new home can be an incredibly thrilling experience. However, it is too often overshadowed by a looming 20% down payment — the standard home deposit in Australia. This requirement is a huge challenge for any first home buyer and is often what drives them away from the market — and that thrilling journey towards homeownership.

If you aren’t able to pay a 20% down payment yet, don’t worry; there are other options. Lenders offer loans that require a low deposit — or no deposit at all — but it’s vital that you become aware of the terms and risks of low deposit home loans before applying. And that’s where Brokered Financial Services comes in — we can guide you through the benefits and risks of low or no deposit home loans — and any other type of home loan in Australia.

We’ll help you review different loan products and find the one that best suits your funding requirement, financial capacity, and preference.

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