Helping Australians from all backgrounds achieve their home ownership dreams
At Stanford Financial, we specialise in low-deposit home loans, making homeownership accessible and affordable for everyone.
With our deep understanding of the financial landscape and a commitment to personalised service, we’re here to guide you at every step.
Whether you’re buying your first home or expanding your portfolio, our expertise helps you open the door to your future home with a minimal upfront deposit.
Book a free consultation online or on 07 3703 1801 today to learn how we can help make your home ownership dreams a reality.
Low Deposit Home Loans We Can Assist With
High LVR Lending
Do you have a great income but haven’t had the opportunity to save for a deposit? There are specific lenders who will lend up to a 98% LVR (including LMI) for an owner-occupied property & up to a 97% LVR (including LMI) for an investment property.
Cross-Securing
Do you have an existing owner-occupied or investment property? If so, you may be able to utilise the existing equity in your property to cross-secure to help purchase a new property. Depending on your situation & equity position, you may not be required to utilise any savings when cross-securing.
Family Guarantee
Does somebody in your immediate family own a property? If so, you can potentially utilise the family member’s property as collateral security to help avoid Lenders Mortgage insurance and reduce the LVR to 80%.
Occupation Opportunities
Depending on your occupation, we can find opportunities to leverage your low risk as a borrower by researching options that will waive the LMI. Please see further details in our Specialist Lending page to see if you qualify
How do I qualify for a low-deposit home loan?
Qualifying for a low-deposit home loan in Brisbane requires meeting specific criteria that demonstrate your ability to manage loan repayments. To qualify, you’ll generally need to meet this criteria:
- Residency Status: You must be an Australian citizen or permanent resident.
- A Stable Income: Demonstrate a stable income to support loan repayments.
- Good Credit Score: A good credit score is generally required, though some flexibility may exist for minor issues.
- Employment History: Lenders typically look for stable employment over the past 6 to 12 months.
- Evidence of Savings: Evidence of genuine savings to cover at least part of the deposit can strengthen your application.
- Manageable Debt Levels: Your existing debts should be manageable within your current income to ensure you can comfortably meet loan repayments.
- Property Value: The loan amount you're eligible for may depend on the valuation of the property you intend to buy.
If you’re unsure about whether you’ll be eligible, book a free consultation online or on 07 3703 1801. We’ll guide you through the eligibility requirements based on your unique situation, ensuring you’re well-prepared to secure your low-deposit home loan.
We Can Help You Leverage Government Assistance
We can help you leverage several government programs to help secure more funding for your home loan or reduce the Loan-to-Value Ratio (LVR) required to secure funding. Some examples include:
- First Home Owner Grant (FHOG): We guide you through the application process for the First Home Owners' Grant, helping you secure funds towards your new home purchase.
- Stamp Duty Concessions: Understand how you can save on stamp duty costs as a first-time buyer or when purchasing a lower-priced property, potentially saving thousands.
- First Home Guarantee (FHBG): We help you explore eligibility for this national scheme, allowing you to buy your home with as little as a 5% deposit without paying Lenders Mortgage Insurance (LMI).
- Family Home Guarantee: For single parents, this scheme can be a pathway to home ownership with as little as a 2% deposit, and we'll assist with the application process to make it smooth and understandable.
- State-Specific Schemes: Each state, including Queensland, may offer additional assistance programs. We stay up-to-date with these opportunities to ensure you don’t miss out on potential benefits.
Combining your existing savings with one or more of these schemes will put you on the right path towards securing home ownership.
Why Choose Stanford Financial?
Personalised finance solutions
Every client’s financial situation is unique. At Stanford Financial, we understand this deeply. That’s why we offer personalised finance solutions tailored to your individual needs and goals. Whether it’s finding the right low-deposit home loan or navigating government assistance, we’re with you every step of the way.
Access to over 50 lenders
With relationships across more than 50 lenders, including major banks, specialty lenders, and credit unions, we ensure you have access to a wide range of loan options. This variety guarantees that we can find the best fit for your specific circumstances, maximising your chances of approval and getting the best possible terms.
Award-winning brokerage
Since Logan founded Stanford Financial, our goal has been to educate and empower our clients. Our commitment to superior customer service has been recognised industry-wide, earning us numerous award nominations. This includes taking out the MFAA Diversified Business and Newcomer Award in 2022. These accolades reflect our dedication to providing exceptional service and support.
Nationwide service
Our services aren’t limited to Brisbane; we offer nationwide assistance, ensuring that you can benefit from our expertise no matter where you are in Australia. Whether you’re looking for a low-deposit home loan in Brisbane or elsewhere, our team is equipped to guide you through the home-buying process with ease and confidence.
Book your free consultation today!
Ready to take the first step towards home ownership in Brisbane with a low-deposit home loan?
Stanford Financial is dedicated to crafting personalised finance solutions that fit your unique circumstances and goals.
book a free consultation online or on 07 3703 1801 today and let’s explore how we can make your dream of owning a home a reality.
Frequently Asked Questions
How much can I borrow for a home loan?
The amount you can borrow for a home loan depends on several factors, including your income, expenses, existing debts, and credit history. At Stanford Financial, we evaluate your financial situation to determine the maximum loan amount you qualify for, ensuring it aligns with your repayment capability. You can get a rough estimate using our online home loan calculator or schedule a consultation with one of our loan advisors for a more precise assessment.
How much deposit do I need for a home loan?
The minimum deposit required for a home loan typically ranges from 5% to 20% of the property’s purchase price. The exact percentage can vary based on the loan product and your financial circumstances. A larger deposit might help you secure better interest rates and avoid the cost of Lenders Mortgage Insurance (LMI). We recommend discussing your deposit options with a Stanford Financial loan specialist to find the best solution for your needs.
What is the LVR of a home loan?
The Loan to Value Ratio (LVR) is a measure used by lenders to assess the risk of a home loan. It is calculated by dividing the loan amount by the value of the property being purchased, expressed as a percentage. For example, if you’re borrowing $300,000 to purchase a $400,000 property, your LVR would be 75%. A lower LVR generally represents lower risk for the lender and may result in more favourable loan conditions.
How to apply for a home loan?
Applying for a home loan with Stanford Financial is straightforward:
1. Kick-off Conversation: Your journey begins with a consultation with one of our experienced lending advisors.
2. Analytical Prep: A dedicated Credit Analyst gathers and prepares the necessary documentation.
3. Exploration of Options: Your Lending Advisor will then illuminate the path forward by presenting home loan options that are uniquely suited to your personal circumstances.
4. Drafting Your Application: With a clear direction, your Analyst prepares your loan application, ensuring every detail aligns with your goals.
5. Fine-tuning and Submission: We pay attention to the finer details, refining and finalizing your application before it’s submitted for approval.
6. Celebrating Approval: Once your loan is approved, it’s time to celebrate! Your Settlement Coordinator will reach out with the good news and guide you through the final steps.
Does HECS debt affect home loan?
Yes, your Higher Education Contribution Scheme (HECS) debt can affect your home loan application. While it is not considered as negatively as other types of debt, your HECS debt reduces your overall borrowing capacity as it is a financial commitment that must be repaid from your income. Lenders, including Stanford Financial, take your HECS debt into account when assessing your loan application, evaluating your income and repayment capacity. It’s important to disclose any HECS debt during the application process.
Do you help clients find low-deposit home loans Australia-wide?
Accessing home ownership is easier with our low-deposit home loan solutions. Our mortgage brokers in Ipswich work with clients across Australia, helping you overcome the hurdle of large deposits with tailored, accessible financial solutions.
