No Deposit Loans

No Deposit Loans - Access Home Ownership Without Traditional Deposits Through Expert Mortgage Broking Services

Rated 5 from 502 Reviews

No Deposit Loans: Your Path to Home Ownership Without Traditional Deposits

No Deposit Loans represent a transformative opportunity for Australians seeking to enter the property market without the traditional barrier of a substantial deposit. AXTON Finance, as one of the best Mortgage Brokers in Australia, specialises in connecting clients with No Deposit Home Loan options from banks and lenders across Australia, enabling you to achieve your homeownership dreams sooner than you might have thought possible. Our expert team understands that saving for a deposit while managing rent and living expenses can be challenging, which is why we're committed to helping you access some of the best interest rates available through innovative no deposit home loans that suit your financial situation.

When applying for a No Deposit Home Loan, understanding your borrowing capacity and the loan to value ratio (LVR) becomes crucial for a successful application. AXTON Finance works closely with clients to navigate the complexities of no deposit first home buyer loans, including managing lenders mortgage insurance (LMI) requirements and securing competitive home loan interest rates. Our streamlined application process ensures that your No Deposit Home Loan application receives the attention it deserves, with our Finance & Mortgage Brokers leveraging their extensive relationships with lenders to secure interest rate discounts where possible. We recognise that buying a property involves more than just the loan amount, considering factors such as stamp duty and ongoing repayment obligations in our comprehensive approach.

The journey to securing 0% deposit home loan solutions requires expert guidance, particularly when exploring options such as using a guarantor or accessing specialised no deposit home loan for first-time buyers programs. AXTON Finance's experienced Home Finance & Mortgage Brokers provide personalised service that goes beyond simply processing applications, offering strategic advice on calculating loan repayments and optimising your financial position for approval. Our clients benefit from our deep understanding of lender criteria and our ability to present applications in the most favourable light, significantly improving the chances of securing approval for home loans with no deposit even in challenging market conditions.

Getting pre-approved for No Deposit Loans provides you with the confidence and clarity needed when searching for your ideal property. AXTON Finance facilitates Home Loan pre-approval processes that give you a clear understanding of your purchasing power and demonstrate to vendors that you're a serious buyer. Our comprehensive approach to No Deposit Home Loan options includes ongoing support throughout the entire process, from initial consultation through to settlement, ensuring that you have expert guidance at every step of your property purchase journey.

Choosing AXTON Finance as your trusted mortgage broking partner means accessing unparalleled expertise in No Deposit Loans combined with personalised service that prioritises your unique circumstances and goals. Our commitment to finding the most suitable lending solutions extends beyond initial approval, with ongoing support to ensure your home loan continues to meet your needs as your situation evolves. When you're ready to apply for a home loan without a traditional deposit, our team stands ready to transform what might seem impossible into achievable reality, connecting you with the right lenders and loan products to make your homeownership aspirations come true.

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AXTON Finance - Melbourne's Best Mortgage Brokers

Common Questions About No Deposit Loans

What are No Deposit Loans and how do they work?

No Deposit Loans are specialised home loan products that allow borrowers to purchase property without providing a traditional cash deposit. These no deposit home loans typically work by using alternative security such as a guarantor (often parents using their property as security) or accessing specific lender programs for eligible borrowers. AXTON Finance works with various banks and lenders across Australia to provide access to these No Deposit Home Loan options, helping clients understand the specific requirements and processes involved. Each lender has different criteria and structures for their 0% deposit home loan products, which is why consulting with our experienced Finance & Mortgage Brokers is essential to understand your options fully.

Who is eligible for no deposit home loans in Australia?

Eligibility for home loans with no deposit varies significantly between lenders, but generally includes factors such as stable employment, good credit history, sufficient borrowing capacity, and meeting specific lender criteria. No deposit first home buyer loans often have additional eligibility requirements and may be linked to government schemes or specific lender programs. AXTON Finance conducts comprehensive assessments to determine your suitability for various No Deposit Home Loan options and works to present your application in the strongest possible manner. Our team understands that each client's financial situation is unique, and we tailor our approach accordingly to maximise your chances of approval.

What are the interest rates like for No Deposit Loans?

Interest rates for No Deposit Loans can vary depending on the lender, loan structure, and your individual circumstances, though they may sometimes be slightly higher than traditional loans due to the increased risk profile. However, AXTON Finance leverages relationships with multiple lenders to access some of the best interest rates available for no deposit home loan for first-time buyers and other borrowers. Our Home Finance & Mortgage Brokers work to secure interest rate discounts where possible and ensure you're getting competitive terms. The specific home loan interest rate you'll receive depends on various factors, which is why a personalised consultation with AXTON Finance is valuable to understand your potential rates.

Do I need to pay Lenders Mortgage Insurance (LMI) with No Deposit Loans?

Lenders Mortgage Insurance (LMI) requirements for No Deposit Home Loans depend on the specific loan structure and lender policies, with some products incorporating LMI costs while others may have alternative arrangements. When using a guarantor for no deposit home loans, LMI requirements may be reduced or eliminated depending on the loan to value ratio (LVR) and security provided. AXTON Finance helps clients understand the full cost implications of their No Deposit Home Loan application, including any LMI requirements and how these affect the overall loan amount and repayments. Our team provides transparent advice about all costs associated with your loan to ensure you can make informed decisions.

How long does the application process take for No Deposit Loans?

The timeframe for No Deposit Home Loan applications can vary depending on the complexity of your situation, lender requirements, and documentation provided, though AXTON Finance maintains a streamlined application process to minimise delays. No Deposit Home Loan options often require additional documentation and assessment compared to traditional loans, particularly when using a guarantor or applying for specialised first home buyer programs. Our experienced team manages the entire process efficiently, keeping you informed at each stage and working to expedite approval where possible. For specific timeframes related to your situation, we recommend booking a consultation with AXTON Finance to discuss your individual circumstances and expected processing times.

Get help from our Mortgage Brokers

We are passionate about delivering reliable client outcome and not just a cookie-cutter service. With over 100 years of combined industry experience, you can trust the team at AXTON Finance.

Joyce Cheng - Mortgage Broker at AXTON Finance

After a distinguished career in private banking at Macquarie Bank, Joyce recognised the value she could provide to clients in a smaller business setting, serving a diverse range of individuals from emerging wealth and high net wealth backgrounds.

Joyce Cheng

Senior Mortgage Broker

Nicole Campbell - Mortgage Broker at AXTON Finance

With over 20 years of experience working in senior mortgage broking roles, Nicole's experience means she has expert knowledge in lending. Whether it be complex lending structures or first home buyers, Nicole's focus is always reliable client outcomes.

Nicole Campbell

Partner Mortgage Broker

Luke Rowland - Mortgage Broker at AXTON Finance

Driven by a desire to empower his clients with the knowledge, resources and service to deliver results, Luke has earned a reputation, shown in his stellar career trajectory for his exceptional proficiency across the lending spectrum.

Luke Rowland

Partner Mortgage Broker

Access to Competitive Rates from Leading Lenders

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Our Reviews

We pride ourselves on being brokers you can actually trust, from the initial consultation through to annual reviews that we perform years after your settlement, our tailored services and relationship focus is built to last.

Need proof that we are one of Melbourne’s best mortgage brokerages? Don’t just take our word for it – we have hundreds of positive Google reviews from real clients so you can rest assured you’re making the right choice with choosing AXTON Finance.

Google Reviews

Rated 5 from 502 Reviews

Worked with David, rapid responses and great quality of service. No complaints

Marco Groot

a day ago

Melanie and her team are efficient and professional. The process is simple and smooth.

Bethany Lau

2 days ago

Joyce is an amazing broker and I cannot recommend her highly enough. Joyce is incredibly knowledgeable and really is on your side the whole way though. We got a great result all due to her efforts and I will definitely be back to her if I ever need help again.

Joshua Ellis

2 days ago

Joyce, girl, you’ve been such a pleasure to work with! Thank you for being so communicative with me and partner throughout the home loan application! You never failed to accommodate our needs and wants and even helped us build a wonderful and reliable team which helped secured us our beautiful home. We highly recommend first home buyers reaching out to Joyce for a no BS working relationship!

Wei Wen

5 days ago

David and the team were fantastic — attentive, thorough and communicated well through the entire process. I highly recommend engaging their services

Cameron

This week

This is our third time using Axton Finance, this engagement was supported by Joyce. I can't speak highly enough of her as a broker, proactive and clear communication and really great support. Nothing phased her and she was incredibly flexible as things moved around. Highly recommend Joyce Cheng, a lovely person and a great broker!

Sinead Mooney

This week

Martin Ryan at AXTON is an absolute gem! Martin is down to earth and extremely thoughtful. His professionalism and knowledge of the mortgage broking game is an untapped fountain of wisdom. Highly Recommend!

The Paint Pimp

This week

Nicole assisted in the purchase of my first home. I found her to be very informative, presented multiple options for me to make my own decisions from and answered all of my questions. Anything that came up she was able to deal with to keep my nerves at bay and ensure things went smoothly.

Amy

This month

AXTON Finance - Melbourne's Best Mortgage Brokers

Frequently Asked Questions

How do rental income and tax benefits affect my investment loan application?

Investment properties offer unique advantages in terms of rental income considerations and tax benefits, but these vary based on your individual circumstances and the specific property. The tax implications can be complex and should be carefully considered as part of your overall investment strategy. Book a consultation to understand how these factors apply to your situation and investment goals.

Can I use equity in my existing home to buy an investment property?

Using existing property equity for investment purchases is a popular wealth-building strategy, but the approach varies depending on your financial position and goals. There are several structuring options available, each with different benefits and considerations. Our experts can assess your equity position and explain your options during a complimentary consultation.

How much can I borrow for a home loan?

Your borrowing capacity depends on various personal and financial factors. While general guidelines exist, your actual borrowing power is unique to your situation, income, and financial goals. The best way to understand your true borrowing capacity is through a personalised assessment. Contact us for a free consultation where we'll provide you with an accurate borrowing estimate tailored to your circumstances.

Can I refinance my existing home loan or investment loan to get a better rate?

Refinancing can offer significant benefits, but whether it's right for you depends on your current loan terms, financial situation, and future goals. Market conditions and available products change regularly, so it's worth having your loans reviewed. Contact us for a free loan review to see if refinancing could improve your financial position.

What deposit do I need for an investment property loan?

Deposit requirements for investment properties vary between lenders and depend on your overall financial profile. While there are general guidelines, your specific situation may open up different options or require alternative approaches. Let us assess your circumstances in a free consultation to determine the most suitable deposit strategy for your investment plans.

What documents do I need to apply for a home or investment loan?

Documentation requirements vary depending on your employment type, loan amount, and chosen lender. Rather than providing a generic list, we prefer to give you a personalized checklist based on your specific situation and loan type. During your free consultation, we'll outline exactly what documents you'll need and help streamline your application process.

What types of home loans does AXTON Finance offer?

We offer a comprehensive range of home loan solutions including owner-occupier loans, first home buyer packages, refinancing options, and specialised lending products. Every situation is unique, which is why we work with multiple lenders to find the right fit for your circumstances. Book a free consultation with our experienced brokers to discover which loan options best suit your needs and financial goals.

How long does the loan approval process take?

Processing timeframes can vary based on your situation, chosen lender, and current market conditions. While we work to expedite every application, each scenario is different. The best approach is to discuss your specific timeline needs during a consultation, where we can provide realistic expectations and work to meet your settlement requirements.

What is an investment property loan and how does it differ from a home loan?

Investment property loans are specialised financing solutions designed for rental properties. They have different requirements, benefits, and tax implications compared to standard home loans. The specifics can vary significantly based on your investment strategy and financial situation. Schedule a free consultation with our investment property specialists to understand how these loans work and whether they align with your investment goals.

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97% Loan Approval Rate

502 Reviews

21 Years of Experience