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If you have been thinking about purchasing a home and have no deposit
No Deposit Home Loans are not available
We are seeing lenders exiting the no deposit home loan market on a daily basis and options are running out.
Even with the few remaining options left (Edit: there aren't even a few options left now) it is becoming increasingly difficult to meet what is now required for many applicants and no deposit home loans have become totally unavailable for many prospective home buyers in Australia.
As always there are other options which may or may not suit your individual situation.
The fastest way to check what is available it to send your home loan application details to a finance broker who can properly assess your options across a wide range of lenders and home loan options, saving you time, and the effort of shopping around different banks and lenders.
The best thing is that using a finance broker costs you nothing more than going to the bank yourself, doing all the work and making all those follow up phone calls to see what is going on with your application.
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