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Your deposit is usually 20% of the purchase price. If you haven't saved this much, here are some options to get you your home sooner.
There are several ways to help you with your deposit:
1. Family guarantee
If you don't have a deposit, you may be able to use a guarantee from your parents (supported by a mortgage over their property) as equity to assist you with your home purchase.
2. 100% loan
To assist if you haven't saved a deposit, we also offer loans for 100% of the property purchase price.
3. Mortgage insurance
Mortgage insurance lets you borrow more against a property than you could otherwise borrow, but it also increases your upfront costs. The following estimates do not take into account money you will need for upfront costs.
 | Minimum deposit | |
| Purchase price | With mortgage insurance | Without mortgage insurance |
| $200,000 | $10,000 | $40,000 |
| $300,000 | $15,000 | $60,000 |
| $400,000 | $20,000 | $80,000 |
| $500,000 | $25,000 | $100,000 |
| % of purchase price | 5% | 20% |
Got a question about Home Loans? 
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