100% Home Loans

No Deposit Home Loans

YES, you can buy a home without a deposit.

If you are elegible for the Government First Home Owners Grant including Government First Home Owner Subsidies or Government First Home Owner Concessions, it is possible with little or no money at all to get access to your first home. Although the paperwork is somewhat daunting and at times confusing, Mortgage Buddy will assist you down the path to obtaining your first home.

100% No Deposit Home Loans

First Home Buyer Home Loans

100% Home Loans

100% Flexi Saver Home Loan

Owner Occupier or Investor

100% Interest Saver Home Loan

NIL application fee
NIL first valuation fee
NIL account keeping fee
Up to 100% LVR (owner-occupiers and investors)^
FREE redraw – no minimum
FREE lump sum repayments
Up to 5 Years Interest-Only option
Direct Debit & Salary Credit: weekly, fortnightly or monthly
Lifestyle Option available
If for investment purposes must hold 20% equity in other residential real estate.

Here is another form of First Home Buyer Loan

Equity Finance Mortgage (EFM)®

Other No Deposit Loans

106% Home Loans, 106% Investment Loans

We will prepare and lodge your First Home Owners Grant

There are 3 basic types of No Deposit Home Loans available

1) No Genuine Savings Required where the establishment fees required for the purchase of a property do not have to be revealed. These establishment fees could be in the form of "First Home Owners Grant, a gift or even a "Personal Loan".

2) 105% is another form of No Deposit Loan whereby the applicant can borrow the establisment fees thus you can pocket the FHOG Grant.

See 105% Home Loan spec page.

3) 106% is another form of First Home Buyer Loan whereby the applicant can borrow the establisment fees which means you do not require the FHOG Grant.

See 106% Home Loan spec page.

No Deposit Home Loans do require that you have a clean credit history plus you must have proof of income.

*WARNING: The comparison rate is calculated on a loan of $250,000 over 25 years. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A full copy of the comparison rate schedule is available upon request. All loans are subject to the lenders normal terms and conditions. Loan qualification criteria apply.