Better low deposit loans

Just like a bank or any other home loan provider, OwnHome looks at:

• The area you are buying in
• Your total savings and if they are sufficient to cover your upfront costs
• Your income and employment status
• Other standard personal and financial details

Your repayments depend on a couple of things, including the price of your home, the size of your deposit, and the length that you’re with OwnHome, but the concepts are the same.

Some aspects of the loan include:

• To unlock your 20% deposit and a dedicated Buyer's Agent, it’s a straightforward 2.2% payment on the value of your home.
• While no deposit contribution is required, customers who contribute 5% or more will receive discounts on their repayments, and have the ability to capitalise the Low Deposit Premium.
• Once you’ve got your home loan, you’ll make the repayments as normal to that lender. Your loan is your choice, so whether you want an offset, a fixed, variable or split rate, it’s up to you.
• You’ll also make principal and interest payments on your OwnHome deposit as part of your loan term.

To get a more personalised and comprehensive overview of the costs, check your eligibility. If you're eligible, a team member will be in touch to go over all of the payment information.

We offer low deposit home loans for anywhere between a 0% and 20% deposit.

So whether you're looking for a no deposit home loan, 2% deposit home loan, 5% deposit home loan, 10% deposit home loan, or any increment up to a 20% deposit - we can help.

Plus, if you have at least a 5% deposit, you'll receive discounts on your interest rate and Low Deposit Premium.

It is! As part of your upfront payment, you get the full support of our licensed and experienced Buyer’s Agent team.

This includes:

• Property hunting and shortlisting homes
• Building and pest inspection reports and strata reports
• Our support and expert guidance every step of the way
• Detailed valuations
• Private treaty negotiations
• Auction strategy and auction bidding
• Full reign of a custom OwnHome tool to make the home-finding journey a breeze.

Here's what can't be included:

• Stamp duty and other government fees and taxes
• Conveyancing
• Third-party costs (things like title insurance)

Learn more about the OwnHome Buyer's Agent service.

We’re an Aussie company founded in Sydney, that works across Australia. We’re funded by the might of CBA’s X15 Ventures, NAB Ventures, Square Peg and many others.

We’re led by a trusted leadership team with a track record of delivering successful and innovative customer solutions.

We partner with the most trusted banks, non-bank lenders and mortgage specialists in Australia. But don’t just take our word for it. Our customers have given us the highest rating of 4.9 stars on Google Reviews.

Learn more about us.

Yes, OwnHome has its own ACL (Australian Credit License). Our Australian Credit License number is 555197.

No! You don’t need to pay Lender's mortgage insurance (LMI) with OwnHome. We’re officially LMI-free!

What's LMI? As a quick answer, lender's mortgage insurance (LMI) is an insurance that protects the lender in case you default on your mortgage. It's paid by the borrower and is usually required when the size of your deposit is less than 20% of the purchase price. Depending on the value of your home, LMI can add tens of thousands in upfront costs to your home purchase.

Our Deposit Boost is an alternative to this type of low deposit loan - so no LMI. Plus, with our Savings Guarantee, if you find a cheaper LMI offer, we'll beat it by $1,000.*

* Applies to a comparable 85-100% LVR variable interest owner-occupier home loan of the same size with a comparable interest rate to the product being compared. Excludes options where LMI is being waived or paid by a lender.