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About Low Deposit Home Loans

If you’re currently renting, then it’s likely you’re helping someone else’s home owner dreams come true, but what about your dreams?

We all want a place to call our own. Home ownership is the goal for most Australians, bringing the freedom and flexibility to create your perfect space (without consulting a landlord!)

Today, the pressure to actually get into the housing market has never been greater, thanks to surging property prices in an increasingly competitive climate.

Unfortunately, with day to day living expenses and bills, not to mention rent, saving for a deposit to purchase your own home can seem impossible.

A low deposit home loan allows you to jump straight into the property market, with just a small deposit saved. You can get pre-approval and begin house hunting immediately, far sooner than most would expect, especially when you consider the years it would take to save a sizeable deposit with outgoing rental expenses.

A Mortgage House low deposit loan will see you paying off your own home and investing in your future sooner so you can start building equity and reap the benefits in years to come.

We offer an extensive range of Low Deposit Loans. Contact us today to discuss a fully tailored product, just for you!


  • Allows you to get into the property market quickly at an opportune time

  • Stop wasting money on rent and start investing in your own future straight away

  • Start creating wealth and equity sooner


  • Low deposit home loans attract higher interest rates

  • Mortgage insurance is required on loans where the deposit is less than 20% so expect higher entry costs

What are the best mortgage options if I don’t have a large deposit?

Low deposit mortgages can be a good option for you, especially if you are starting out and looking to buy your first home. They can allow you to jump into the property market with only a small deposit. Waiting years to save for a deposit before even starting to look for your dream home can sour your property dreams. However, being pre-approved for a low deposit loan can be the start you have been looking for. So, if you don’t have the ability at the moment to produce the 20% deposit most lenders usually require to make you eligible for a loan without insurance, talking to us about low deposit mortgages can be the perfect place to start.

What if I am worried about going into mortgage debt?

For a lot of people, going into mortgage debt can be daunting. It’s a big commitment, and for a long time. But think of it this way, if you are currently renting, you are paying off someone else’s mortgage. Having to get permission from your landlord for the tiniest of improvements or fixes to your home doesn’t really compare to the flexibility of being able to make your home exactly how you want it. But, in today’s market, finding a home can be tough. And with the cost of living pressures we all face, saving for a 20% deposit can seem like a pipedream. However, low deposit mortgages can make your dream of home ownership happen sooner than you think. Owning your own home can also help you build future financial stability, so speak with us about investing in your own future, straight away.

Investment Goals

Are low deposit loans more than just about mortgage rates?

Low deposit mortgages can present you with a great opportunity, and there are some great rates out there. But there are a few things you need to consider. If you don’t have the level of a deposit most loans require (usually 20%), low deposit mortgages can help. However, a lender may require you to take out Lenders Mortgage Insurance. And lenders may also let you borrow the cost of the LMI on top of that. LMI protects the lender against a default on a loan. LMI is not uncommon, with up to a quarter of all Australian mortgages including it. If you don’t have a deposit, you can look to our Family Pledge mortgages.

How can I keep low deposit mortgage interest rates low?

If low deposit mortgages are the thing that can get you into the property market, you may be faced with higher mortgage interest rates. That is where Lenders Mortgage Insurance can be really important. If you have a good credit history and a stable income, having insurance can be the thing that helps keep interest rates manageable and, in turn, helps keep your repayments in check over the life of your loan. There are plenty of low deposit mortgages available, and it’s always good to speak with us about your specific circumstances. Contact our experienced lenders and we will get back to you within four business hours to talk you through suitable options and strategies.

How do comparison rates help me make mortgage decisions?

Sorting out which mortgage is suitable for you, on top of the requirements of low deposit mortgages, can be difficult at the best of times. There is a lot of information out there, and a lot of mortgages to choose from. Each one comes with a lot of paperwork, and a lot of time running around finding the information needed to apply. And on top of that, there can be a lot of marketing and advertising content to deal with. That is where comparison rates are important. Comparison rates can help give you a big-picture view of the overall costs of mortgages, and banks and lenders are required by law to display them. Comparison rates are an attempt to quantify all the variables that go into a loan, such as the amount and term, the payment frequency, fees, charges and interest rates. The comparison rate is then displayed alongside the actual interest rate, to give you some idea of the full costs of a loan. It can make comparing between loans and lenders a lot easier. However, mortgages can be flexible, and there can be a lot of additional information surrounding a low deposit loan. While they can’t take every cost into consideration, comparison rates are a good indicator and a way of putting the power back into your hands. At Mortgage House we can answer your questions about comparison rates, and the total cost of our low deposit mortgages.