Think you need a massive deposit to buy a home?

Think again.

If you’re struggling to save 20% for a house deposit, you’re not alone.

The good news?

You DON’T need a huge deposit to get into the market. With a low-deposit home loan, you can secure a property with as little as 5% - and in some cases, even less.

Here we specialise in helping home buyers in Hervey Bay secure low-deposit home loans - without getting ripped off by hidden fees, high interest rates, or dodgy loan structures that benefit the banks more than you.

Want to own your home sooner? Read on.

How Low-Deposit Home Loans Work

A low-deposit home loan lets you buy a home with less than the traditional 20% deposit.

Here’s how it works:

Most lenders allow you to borrow up to 95% of the property’s value.

If your deposit is less than 20%, you may need to pay Lenders Mortgage Insurance (LMI).

Government schemes can help you avoid LMI or secure a loan with as little as 2%.

The catch?

Not all low-deposit loans are created equal.

Some lenders will hit you with higher interest rates, sneaky fees, and loan conditions that make it harder to pay off your mortgage.

That’s where we come in.

We compare hundreds of loans, negotiate the best deal, and make sure you’re not paying a cent more than necessary.

How Much Deposit Do You Actually Need?

Here’s a breakdown of your options:

20% Deposit – No LMI, lower rates, better loan terms.

10% Deposit – Some lenders still offer competitive rates.

5% Deposit – More options available, but LMI applies (unless you qualify for a scheme).

2% Deposit – Available through special government programs.

Not sure what you qualify for? We’ll assess your situation and find the best loan for you.

Government Schemes to Help You Buy with a Low Deposit

The Australian government offers several schemes to help buyers with a low deposit.

Here’s what you need to know:

First Home Guarantee (FHBG)

Buy with just 5% deposit (no LMI!)

Available to first-home buyers who meet income criteria

Family Home Guarantee

Buy with just 2% depositFor eligible single parents (even if you’ve owned a home before)

First Home Owner Grant (FHOG)

Get up to $15,000 towards a new home - Available for newly built homes or off-the-plan purchases

Stamp Duty Concessions

Save up to $15,925 in Queensland - Available for first-home buyers

We’ll help you figure out which schemes you qualify for and handle all the paperwork.

Avoiding the Lenders Mortgage Insurance (LMI) Trap

LMI is a fee you pay when borrowing more than 80% of the property’s value.

It protects the lender - NOT you - and can cost thousands.

The good news? You might not have to pay it.

Ways to avoid LMI:

First Home Guarantee – Get in with 5% deposit and NO LMI.

Family Home Guarantee – Buy with just 2% deposit and NO LMI.

Guarantor Loan – A family member can offer their property as security to help you avoid LMI.

We’ll help you find the smartest way to get into your home while keeping LMI costs to a minimum.

Choosing the Right Low-Deposit Loan (Fixed, Variable, Offset - What’s Best?)

Not all loans are the same. Here’s a quick breakdown of your options:

Fixed Rate Loan – Locks in your interest rate for a set period. Good for stability but less flexibility.

Variable Rate Loan – Interest rate moves with the market. Can save you money over time but carries more risk.

Offset Account – A savings account linked to your mortgage that reduces interest payments.

Redraw Facility – Lets you access extra repayments if you need cash.

We’ll guide you through the pros and cons of each option so you can make the smartest choice.

How the Process Works (Step-by-Step)

Here’s how we help you get a low-deposit home loan:

Assess Your Situation – We review your deposit, income, and credit history.

Find the Best Loan – We compare lenders and negotiate the best deal for you.

Secure Pre-Approval – We get your loan pre-approved so you can start house-hunting.

Finalise the Loan – We handle the paperwork and guide you through to settlement.

Move In! – Pick up the keys and celebrate!

Why Choose Us In Hervey Bay?

We’re NOT your average mortgage broker.

Here’s why:

✅ We Give You Cash Back – A share of our commission goes back to YOU every month, for the life of your loan.

✅ We Work for YOU, Not the Banks – 100% independent, meaning we find the best loan for YOU - not the one that pays us the most.

✅ We Do All the Hard Work – From paperwork to negotiations, we handle everything so you don’t have to.

✅ We Speak Human, Not Finance Jargon – No complicated terms, just clear, simple advice.

Ready to Buy with a Low Deposit? Let’s Make It Happen.

You don’t need a massive deposit to own your home - you just need the right strategy and a broker who actually works for YOU.Want to see how much you can borrow and what grants you qualify for?

📞 Call us now on 0483908133 or book a free consultation to get started.

Let’s get you into your home - without the stress, without the huge deposit, and with MORE MONEY in your pocket where it belongs.