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Low Deposit Loans

Low Deposit Loans in Melbourne & Australia - Expert Mortgage Broking Services from AXTON Finance

Rated 5 from 479 Reviews

Your Path to Homeownership with Low Deposit Loans

Purchasing your first home or upgrading to a new property doesn't have to wait until you've saved a traditional 20% deposit. AXTON Finance specialises in helping Australians access Low Deposit Home Loan options that can make homeownership a reality sooner than you might think. As experienced Finance & Mortgage Brokers, we understand that saving a large deposit can be one of the biggest barriers to buying a property, particularly for first-time buyers in Melbourne's competitive market. Our team works with banks and lenders across Australia to find Low Deposit Home Loan solutions that suit your financial situation, whether you're looking at a 5% deposit home loan or a 10% deposit home loan option.

Navigating the world of low deposit home loans requires expertise in understanding loan to value ratio (LVR) requirements, lenders mortgage insurance (LMI), and how these factors affect your borrowing capacity. AXTON Finance takes the complexity out of applying for a Low Deposit Home Loan by providing a streamlined application process that saves you time and stress. Our mortgage brokers have established relationships with multiple lenders, enabling us to access some of the best interest rates available in the market. We'll guide you through calculating loan repayments, understanding interest rate discounts, and exploring options such as using a guarantor to potentially avoid LMI on your small deposit home loan.

The benefits of working with AXTON Finance extend beyond simply finding you a loan. As your dedicated Home Finance & Mortgage Broker, we provide comprehensive support throughout your homebuying journey, from initial consultation to settlement. We understand that every borrower's circumstances are unique, which is why we take time to assess your complete financial situation before recommending suitable Low Deposit Home Loan options. Our knowledge of various lender policies means we can often find solutions for clients who may have been declined elsewhere, including specialised programs for first-time buyers and low deposit home loans with no LMI in certain circumstances.

Getting pre-approved for your home loan is a crucial step that gives you confidence when making offers on properties. AXTON Finance can help you get pre-approved quickly, providing you with a clear understanding of your borrowing capacity and the loan amount you can access. This Home Loan pre-approval process is particularly important when you're working with a smaller deposit, as it demonstrates to vendors that you're a serious buyer with finance already arranged. Our streamlined application process means you can move quickly in competitive markets, while our ongoing support ensures you understand all aspects of your home loan interest rate and repayment obligations.

Choosing AXTON Finance as your mortgage broker means choosing a partner committed to finding the right Low Deposit Home Loan solution for your circumstances. We don't just help you apply for a home loan - we provide ongoing advice and support to ensure your mortgage continues to meet your needs over time. Our comprehensive understanding of stamp duty implications, government incentives for first-time buyers, and the latest lending policies across Australia positions us as the best Mortgage Broker choice for your low deposit home loan needs. Contact AXTON Finance today to discover how we can help make your property ownership goals a reality with our expert guidance and access to competitive Low Deposit Home Loan options.

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AXTON Finance - Melbourne's Best Mortgage Brokers

Common Questions About Low Deposit Loans

What is the minimum deposit required for Low Deposit Home Loans?

Most lenders offer Low Deposit Home Loan options starting from 5% of the property value, though some may require 10% depending on your circumstances. The exact minimum will depend on factors including your financial situation, the property type, and the specific lender's criteria. AXTON Finance works with multiple lenders to find the lowest deposit option available for your circumstances. We recommend booking a Free Consultation to discuss what deposit amount might work best for your situation and explore all available Low Deposit Home Loan options.

Do I need to pay Lenders Mortgage Insurance (LMI) on low deposit home loans?

Generally, when your deposit is less than 20% of the property value, lenders will require LMI to protect their investment. However, there are some exceptions and ways to potentially avoid or reduce this cost, such as using a guarantor or accessing specific low deposit home loans with no LMI programs. The LMI amount varies based on your loan amount, deposit size, and loan to value ratio (LVR). AXTON Finance can explain how LMI affects your borrowing capacity and explore strategies to minimise these costs. Contact us for a Free Consultation to understand the LMI implications for your specific Low Deposit Home Loan application.

Can first-time buyers access better Low Deposit Home Loan options?

Yes, many lenders and government programs offer enhanced Low Deposit Home Loan options specifically designed for first-time buyers. These may include reduced interest rates, lower LMI costs, or access to 5% deposit home loan programs with additional support. Some states also offer stamp duty concessions or grants that effectively reduce the deposit amount needed. As experienced Finance & Mortgage Brokers, AXTON Finance stays current with all first-time buyer incentives and can identify which programs you might be eligible for. We encourage booking a Free Consultation to explore all available low deposit first home buyer loan options.

How do interest rates compare on Low Deposit Home Loans?

Interest rates on Low Deposit Home Loans are typically competitive with standard home loans, though they may vary depending on the lender and your specific circumstances. Many lenders offer interest rate discounts and promotional rates for low deposit home loans to attract new customers. AXTON Finance has access to some of the best interest rates available across multiple lenders, allowing us to compare options and find competitive home loan interest rates for your Low Deposit Home Loan. The key is working with experienced Finance & Mortgage Brokers who can negotiate on your behalf. Book a Free Consultation with AXTON Finance to discover what interest rates might be available for your situation.

What documents do I need when applying for a Low Deposit Home Loan?

The documentation required for Low Deposit Home Loan applications typically includes proof of income, bank statements, identification, and evidence of your deposit savings. Some lenders may require additional documentation when the deposit is smaller, such as evidence of genuine savings or explanation of gift funds from family. The specific requirements can vary between lenders, which is why working with AXTON Finance simplifies the process - we know exactly what each lender requires and can guide you through their streamlined application process. Our team will provide you with a comprehensive checklist tailored to your chosen Low Deposit Home Loan option during your Free Consultation.

How quickly can I get pre-approved for a small deposit home loan?

Home Loan pre-approval timeframes for Low Deposit Home Loans can range from 24 hours to several days, depending on the lender and complexity of your application. AXTON Finance's streamlined application process and established lender relationships often enable faster pre-approval times compared to applying directly. Getting pre-approved is particularly important for small deposit home loan applications as it demonstrates your borrowing capacity to real estate agents and vendors. We can help you get pre-approved quickly while ensuring all aspects of your Low Deposit Home Loan application are properly prepared. Contact AXTON Finance for a Free Consultation to begin your pre-approval process and understand realistic timeframes for your specific situation.

Get help from our Mortgage Brokers

We are passionate about delivering reliable client outcome and not just a cookie-cutter service. With over 100 years of combined industry experience, you can trust the team at AXTON Finance.

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After a distinguished career in private banking at Macquarie Bank, Joyce recognised the value she could provide to clients in a smaller business setting, serving a diverse range of individuals from emerging wealth and high net wealth backgrounds.

Joyce Cheng

Senior Mortgage Broker

With over 20 years of experience working in senior mortgage broking roles, Nicole's experience means she has expert knowledge in lending. Whether it be complex lending structures or first home buyers, Nicole's focus is always reliable client outcomes.

Nicole Campbell

Partner Mortgage Broker

Driven by a desire to empower his clients with the knowledge, resources and service to deliver results, Luke has earned a reputation, shown in his stellar career trajectory for his exceptional proficiency across the lending spectrum.

Luke Rowland

Partner Mortgage Broker

Access to Competitive Rates from Leading Lenders

Select from over 35 different lenders offering hundreds of mortgage products.

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Our Reviews

We pride ourselves on being brokers you can actually trust, from the initial consultation through to annual reviews that we perform years after your settlement, our tailored services and relationship focus is built to last.

Need proof that we are one of Melbourne’s best mortgage brokerages? Don’t just take our word for it – we have hundreds of positive Google reviews from real clients so you can rest assured you’re making the right choice with choosing AXTON Finance.

Rated 5 from 479 Reviews

Thoroughly professional from start to finish. Being new to the Australian house purchasing process, Nicole continually offered detailed guidance and made the whole process seamless. Highly recommend Axton Finance to others.

Mark Kaiser

Today

We used AXTON Finance to buy our new home. This involved refinancing 2 properties as well as arranging finance the for the new home. There were a lot of moving parts and AXTON Finance did it all, recommended loan strategies to minimise repayments and secured a better loan deal, 2% below what we were paying. For a non money person, I wouldn't have been able to do it on my own and they saved a ton of time, stress and running aeound in the process. Would recommend AXTON Finance and now they are assisting my mother with a downsizing loan strategy.

Ben Howie

2 days ago

Mortgage Broker ROCKSTAR! As a fist time user of the services of a mortgage broker, I found the guidance and the level of insight afforded by Melanie of the highest of quality and our engagements always exceed my expectations.

Mark Cocks

4 days ago

Very happy with the support Melanie gave us, she went up and above for us, we where a hard one as we had credit card debt, it it was a bit stressful, but Melanie did a wonderful job sorting our finances out.

Vicky Glendinning

5 days ago

We recently purchased an investment property and couldn’t be happier with the support we received from Nicole Campbell at AXTON Finance. From the very beginning, Nicole went above and beyond to make the process smooth, stress-free, and transparent. We're so grateful to have found Nicole! Nicole took the time to understand our goals, explained every step clearly, and was always available to answer our million questions. What really stood out was Nicole's proactive communication and genuine care in ensuring we secured the best loan structure and rate for our circumstances. Throughout the whole process, it was clear that Nicole cared about our goals and protecting our interests. Thanks to Nicole, our finance was approved ahead of schedule, and settlement went through without a hitch. We highly recommend Nicole to anyone looking for a dedicated, knowledgeable, and truly client-focused mortgage broker.

Eda Gul

5 days ago

I can’t recommend Joyce highly enough! From our very first conversation, she made the entire mortgage process simple and stress-free. She took the time to understand my situation, explained every option clearly, and went above and beyond to secure a fantastic rate. Communication was always prompt and professional — nothing was ever too much trouble. If you’re looking for a mortgage broker in Melbourne who genuinely cares about getting the best result for you, Joyce is the one to call.

Fraser Neale

This month

Amazing Mortgage Broker! I was very lucky to have Nicole Campbell on my side. Stayed true to her words and absolutely helpful! No question was ever stupid. Being a FHB I was unaware of certain processes and Nicole being very professional and experienced always assured me every step of the way. I had called a number of other mortgage brokers prior I settled with Nicole and definitely no regrets. Very hold your hand and walk you through the process which is hard to find now-days. Thank you again, Nicole!

Japheth B

This month

Highly recommended . Without sounding cliche, Adam did go above and beyond when refinancing our home loan. There was few bumps along the way, and he had clear communication with us the entire time and always returned calls and emails. I highly recommend Adam to anyone who is looking for a finance broker. Very reliable, thorough and easy to deal with.

Melissa M

This month

Frequently Asked Questions

How do rental income and tax benefits affect my investment loan application?

Investment properties offer unique advantages in terms of rental income considerations and tax benefits, but these vary based on your individual circumstances and the specific property. The tax implications can be complex and should be carefully considered as part of your overall investment strategy. Book a consultation to understand how these factors apply to your situation and investment goals.

Can I use equity in my existing home to buy an investment property?

Using existing property equity for investment purchases is a popular wealth-building strategy, but the approach varies depending on your financial position and goals. There are several structuring options available, each with different benefits and considerations. Our experts can assess your equity position and explain your options during a complimentary consultation.

How much can I borrow for a home loan?

Your borrowing capacity depends on various personal and financial factors. While general guidelines exist, your actual borrowing power is unique to your situation, income, and financial goals. The best way to understand your true borrowing capacity is through a personalised assessment. Contact us for a free consultation where we'll provide you with an accurate borrowing estimate tailored to your circumstances.

Can I refinance my existing home loan or investment loan to get a better rate?

Refinancing can offer significant benefits, but whether it's right for you depends on your current loan terms, financial situation, and future goals. Market conditions and available products change regularly, so it's worth having your loans reviewed. Contact us for a free loan review to see if refinancing could improve your financial position.

What deposit do I need for an investment property loan?

Deposit requirements for investment properties vary between lenders and depend on your overall financial profile. While there are general guidelines, your specific situation may open up different options or require alternative approaches. Let us assess your circumstances in a free consultation to determine the most suitable deposit strategy for your investment plans.

What documents do I need to apply for a home or investment loan?

Documentation requirements vary depending on your employment type, loan amount, and chosen lender. Rather than providing a generic list, we prefer to give you a personalized checklist based on your specific situation and loan type. During your free consultation, we'll outline exactly what documents you'll need and help streamline your application process.

What types of home loans does AXTON Finance offer?

We offer a comprehensive range of home loan solutions including owner-occupier loans, first home buyer packages, refinancing options, and specialised lending products. Every situation is unique, which is why we work with multiple lenders to find the right fit for your circumstances. Book a free consultation with our experienced brokers to discover which loan options best suit your needs and financial goals.

How long does the loan approval process take?

Processing timeframes can vary based on your situation, chosen lender, and current market conditions. While we work to expedite every application, each scenario is different. The best approach is to discuss your specific timeline needs during a consultation, where we can provide realistic expectations and work to meet your settlement requirements.

What is an investment property loan and how does it differ from a home loan?

Investment property loans are specialised financing solutions designed for rental properties. They have different requirements, benefits, and tax implications compared to standard home loans. The specifics can vary significantly based on your investment strategy and financial situation. Schedule a free consultation with our investment property specialists to understand how these loans work and whether they align with your investment goals.

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AXTON FINANCE PTY LTD ABN 39 872 010 901 (CREDIT REPRESENTATIVE NO. 471730) IS AUTHORISED UNDER AUSTRALIAN CREDIT LICENCE NO. 389328.

Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Names & Locations of users have been changed to protect their privacy and are illustrative only.

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