How much of a deposit do I need for a home loan?

This will depend on your individual position and the location in which you purchase your home (i.e. how much stamp duty is charged which differs from State to State). A simple rule I work by is at the base line minimum you will need roughly $ Stamp duty + $5,000 for purchase costs (includes conveyancer etc.) + 5% of the properties purchase price if this was to be a home you are going to live in. Some banks will require more than that 5% value as Lenders Mortgage Insurance may be applicable at that limit. Hope this give you a starting point !!

You may only need as little as 3% deposit depending on your personal circumstances.

5% for First Home Buyers. In some cases more if you are are not a first home buyer

You can purchase a home with as little as 5% deposit + any additional costs that may apply.. If you're a first home buyer in NSW there are a lot of incentivies to buy right now, best to chat to a broker to get the right information..

You can purchase a home with as little as 5% deposit + any additional costs that may apply.. If you're a first home buyer in NSW there are a lot of incentivies to buy right now, best to chat to a broker to get the right information..

When it comes to getting a home loan, the amount of deposit you need to put down can vary depending on the lender and the type of loan you’re looking for. Generally, lenders will require a deposit of at least 5% of the purchase price of the property. However, if you have a smaller deposit, there are some lenders that may still be able to provide you with a loan. For example, some lenders may offer a loan with a deposit of just 2%. It’s important to note that the more deposit you can put down, the better the loan terms you’ll likely be able to secure. This is because the more money you put down, the lower the risk for the lender. This means that you may be able to get a lower interest rate and better loan features. If you’re looking to compare home loan rates and find the best deal for you, check out Goodrate.com.au. Here you can compare different home loan products and find the one that best suits your needs.