We calculate realistic borrowing power based on income, expenses, and deposit.
Guidance on low deposit loans, guarantor options, and government schemes.
We compare major banks and specialist lenders that suit first home buyers.
We structure loans to reduce costs, improve flexibility, and plan ahead.
From pre-approval to settlement, we manage the process end to end.
Plain English advice so you know exactly what you are signing up for.
Saving a full 20% deposit is one of the biggest challenges for buyers today. Rising property prices and living costs mean many borrowers have strong income but limited savings.
A Low Deposit Home Loan allows eligible borrowers to purchase a property with a smaller deposit, often between 5% and 15%. These loans can help you enter the market sooner rather than waiting years to save a larger amount.
At Mortera, we assess whether a low deposit loan is suitable for your situation. We review income stability, expenses, employment type, and long-term plans before recommending this option.
Low deposit loans often involve Lenders’ Mortgage Insurance or alternative structures such as guarantor support or specific lender programs. Choosing the right approach matters, as it affects upfront costs and future flexibility.
Our role is to compare lenders carefully, explain the trade-offs clearly, and structure a loan that balances affordability today with sustainability over time.
Some lenders accept deposits as low as 5%, depending on income, employment type, and property location.
In many cases, yes. LMI usually applies when the deposit is below 20%. Some borrowers may qualify for LMI waivers or alternatives.
They can carry higher costs or stricter criteria. We assess affordability and explain risks before proceeding.
Yes. Many first home buyers use low deposit loans alongside government schemes or family support.
Often, yes. As your loan balance reduces or property value increases, refinancing may improve terms.
Mortera is available 8am to 8pm, seven days a week.
We work Australia-wide.
No obligation.
Expect a response within five minutes during business hours.
298 George St, Haymarket, Sydney, Australia
Mortera Finance Pty Ltd trading as Mortera
ABN: XX XXX XXX XXX
Australian Credit Licence: XXXXXX
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