Low deposit options for first home buyers
Australian Government 5% Deposit Scheme
Eligible first-home buyers may be able to buy with as little as a 5% deposit and avoid Lenders Mortgage Insurance.
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Lenders Mortgage Insurance (LMI)
Buy with less than a 20% deposit by paying Lenders Mortgage Insurance.
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Buy with a Guarantor
A family member can help secure your loan, which may reduce the deposit you need.
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