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Low deposit home loan
Our low deposit home loans could be the perfect solution for buying your first home.
Low deposit home loan
Low deposit home loan
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Borrow up to 95% of the purchase price
Popular with first homebuyers, our low deposit loan enables you to borrow up to 95% of the property purchase price.
Small deposits accepted
Borrow up to $1M
Gifted deposits accepted
Rates from 8.89% p.a.# (9.64% p.a. comparison rate*)
Easy to understand features, variables and fees
Features
Acceptable deposits
Fees^
Ready to get moving?
Wherever you are in your journey, help is here however you need it.
Check your borrowing power
Use our simple calculator to work out how much you might be able to borrow.
Get online pre-approval
Move ahead with confidence. Our online indicative pre-approval tool gives you an answer instantly. It's fast and fuss free.
Contact a trusted adviser
Your local Liberty Adviser will be able to look at your financial situation and help you decide the best way forward.
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When others see the impossible, we look past that and see what we can achieve together.
We’ve helped more than 850,000 customers get financial.
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Proudly B Corp certified to make a difference beyond borrowing.
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Liberty home loans FAQs
If you have a small or gifted deposit, the low deposit home loan could be for you. The best way to know however is to get in touch with a Liberty Adviser. They can look at your situation and help guide you to a loan solution that will best suit your needs. So, no matter your circumstances, Liberty has solutions for free thinkers of all kinds.
At Liberty, we understand that not all borrowers can pull together a large deposit, which is why our low deposit home loan allows you to borrow up to 95% of the purchase price. A low deposit home loan may incur lenders mortgage insurance however we can explore rolling this upfront cost into your loan so you can pay this off over time. We have a range of home loans to help more free thinkers like you get financial and into a new home.
When it comes to finding the right home loan for your situation, there is more to consider than just the interest rate. While a lower interest rate generally means less interest paid over the life of the loan, if you’re a free thinker with unique circumstances, you might need a loan that requires other important features such as a smaller deposit or alternative verification. Ultimately, the best home loan for you is the loan that suits your circumstances.
Taking the plunge into the property market is never easy. When you’re buying your first home, pulling together a full deposit on a new home can be a challenging experience that takes time. Unfortunately, the property market doesn’t stand still while you pull your pennies together.
Liberty understands that many first-time buyers often have gifted funds from family members to help them get a leg up on the property ladder sooner. Our low deposit home loan makes it possible for you to borrow up to 95% of the property value, reducing your deposit requirements.
We also have options that roll costs such as Lenders Mortgage Insurance into the loan so that a large chunk of your upfront costs can be paid off over time.
A target market determination describes who a product may be suitable for, based on likely needs, objectives, and financial situation. It also outlines who can distribute our products, how they can do this, and examples of situations when we may need to review our products and the target market. To view the target market determination for this product, click here.
All lenders in Australia must adhere to responsible lending requirements, to ensure they don’t put a borrower into an unsuitable loan that results in unnecessary hardship. Lenders consider that borrowers who can show strong savings behaviours are less likely to default on their loan and put themselves in hardship. For this reason, lenders in Australia tend not to offer home loans with no deposit. However, for borrowers who are asset rich but don’t have available cash for a deposit, a deposit bond can help. Speak to a Liberty Adviser today for more information on deposit bonds.
There are many comparison websites that allow you to compare the interest rates, features, and requirements for various loans including low deposit home loans. It is important to remember that the cheapest interest rate on the market may not necessarily be the best loan for your circumstances. When looking for a low deposit home loan, you want to also consider the loan features available, whether any loan costs can be added to the loan and the lender’s track history, for example. Speaking with a Liberty Adviser can help you navigate this maze and find a solution that suits you.
Loan-to-value ratio (LVR) is a term you are likely to come across when shopping around or applying for a home loan. It refers to the ratio of the loan amount against the value of the property you are looking to purchase. For example, the maximum LVR on our low deposit home loans is 95%, which means you can borrow up to 95% of the property value. The LVR is also used to determine whether lender’s mortgage insurance (LMI) will be needed and what interest rate you are entitled to.
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Things you should know:
#Higher interest rates may apply. The actual interest rate applicable will depend on our assessment criteria and the loan to value ratio. Please call 13 11 33 or speak to your local Liberty Adviser for more details.
*Comparison rates are based on a secured $150,000 loan over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
**Subject to LVR and postcode restrictions.
****$0 for loans with ≤ 4 splits. Additional fee of $495 applies for loans with > 4 splits.
##Any available redraw funds held in the offset facility connected with your loan account will be used to reduce the amount of interest you pay on your loan. Liberty is not a bank. The offset facility on your loan account is not covered by any Government guarantee. International transaction fees apply on purchases or cash advances while overseas or in Australia when the merchant processing the transaction is located overseas. ATM fees apply for a cash withdrawal at a non major bank ATM or rediATM in Australia.
^Other fees and charges may apply. Contact us on 13 11 33 for more information on fees and charges.
^^Valuation fee not applicable for loans under 90% LVR. Additional valuation expenses may be payable where the anticipated security property value is >1.5m, where the security property is in a regional location or for additional securities.