Saving for a deposit can seem impossible these days. Between rent, bills, and household expenses, it can feel like your savings simply never increase. That’s why Darren Walters, CEO and Founder of No1 Property Guide, created his no or low deposit new home system. Utilising his knowledge of property and lending policies, we’re able to provide no or low deposit home loans to get you into your new home.
Escaping the rental nightmare and owning your own home is a dream for many renters around Australia. And low deposit home loans are one of the ways we’re able to help you achieve that goal. So, keep on reading to find out how we can help you build your own home with no or low deposit.
Or, if you’re ready to take the first step to homeownership, fill in our pre-qualification form. Then one of our New Home Specialists will be in touch to discuss your factual new home options.
Is it Actually Possible to Get into the Market with No or Low Deposit?
Absolutely! At No1 Property Guide, we have helped thousands of renters escape the rental cycle with no or low deposit home loans. In fact, almost every client we’ve ever helped has come to us after being turned away from big banks or lenders because they didn’t have the standard 20% deposit.
Using Darren’s unique system, we’re able to help you achieve homeownership, even if you don’t have a deposit. Our New Home Specialists will fit you to lender policy to ensure we can help you as best we can. From there, we work with our builders to build you your dream new home.
How are Low Deposit Home Loans Possible?
The reason we’re able to provide no or low deposit new home options is thanks to Darren’s experience in property, finance, and lending policies. Using this experience he developed his unique system, which allows us to tailor your applications to suit lender policies.
Many lenders will tell you they “offer” low deposit home loans. But even with LMI charges, they’ll often make the requirement stricter or simply unattainable for most renters. That’s where Darren’s unique system really stands out. By understanding your situation and tailoring you to fit lending criteria, we’re able to almost 100% guarantee you getting approved for your new home*.
Do Low Deposit Loans Have Higher Interest?
Getting a low deposit loan doesn’t mean you will be paying a higher interest rate. There are a lot of variables that go into calculating your interest rate. And lenders will offer different fixed and variable rates to different clients.
In fact, many of our clients have gotten their low deposit loan approved at incredibly low interest rates of 1.99% or less!
The first step is to understand your borrowing capacity and your factual options. From there, our New Home Specialists and Mortgage Managers will work with you to tailor your application to lender requirements and get the best interest rate possible.
Are Your Low Deposit Loans, Really Low Deposit?
Yes, they are. Unlike big banks and traditional lenders, we work almost exclusively with clients who can’t save a deposit for a number of reasons. So, the low deposit home loans we organise are truly low or no deposit.
Of course, if you do have genuine savings or a deposit, every little bit helps. Covering upfront costs, stamp duty or LMI can save you money in the long run. However, there are options to help you out even if you truly have no savings at all!
Want to know more about how we can help you get into your own home with no or low deposit? Then fill in our simple pre-qualification form. This allows your New Home Specialists to get the full picture of your personal situation. From there, we’ll go over your factual new home options with you and show you how we can help get you into your own home with no or low deposit.