CreditHub Australia

  Introduction Buying your first home is exciting, but one of the biggest questions is: how much deposit do you actually need? You can  contact our team  for personalised guidance on your home buying journey. While many assume a 20% deposit is mandatory, the reality is more flexible. Understanding minimum deposit home loan Australia requirements can help you enter the property market sooner with the right strategy. Minimum Deposit Home Loan Australia: What’s Required? Traditionally, lenders prefer a 20% deposit. However, many first-time buyers today enter the market with much less. Here’s a quick breakdown: 20% deposit  – No Lenders Mortgage Insurance (LMI) 5%–10% deposit  – Possible with government support schemes Below 5%  – Very limited options, higher risk Understanding first home buyer deposit requirements is essential before planning your purchase. 20% Deposit vs 5% Deposit: What’s Better? 20% Deposit Avoid LMI costs Lower loan amount Better interest ...

Introduction: Getting approved for self employed home loans in Australia can feel more complicated than a standard PAYG application. Without regular payslips, lenders rely heavily on financial records, tax returns, and business performance to assess risk. You can  contact our team  for personalised guidance on self-employed home loan solutions. However, being self-employed doesn’t mean getting a mortgage is impossible. With the right documentation and preparation, many borrowers successfully secure competitive home loan options every year. This guide explains the key self employed mortgage requirements, common challenges, and practical solutions to improve your approval chances. Understanding Self-Employed Mortgage Requirements: Lenders usually consider borrowers self-employed if they own a business or control at least 20–25% of a company. Typical self employed mortgage requirements include: Income Tax Returns (usually last 2 years) Business Activity Statements (BAS) Business ...