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Home Loan Deposits Simplified by RAMS

11 January 2023

For a home the standard deposit is 20% of the value of the property, however there are ways to pay as little as 5% depending on the type of loan you get and additional agreements and features.


Feel at home with Home Loans by understanding how much you'll need for a home loan deposit.

If you've started saving for a home, you can think about buying once you've saved five percent of the purchase price.

If you have less than twenty percent saved up, keep in mind that you may also need to pay lenders mortgage insurance.  You may be able to avoid paying lenders mortgage insurance if a parent or family member helps out with a limited guarantee.

Your lender will be able to discuss these options with you.

If a limited guarantee is not an option for you, you may be able to add the cost of the lenders mortgage insurance to the total amount borrowed, and repay it over the term of the loan.  Or of course you could decide to pay it upfront when you take out the loan.

Helping you understand your home loan deposit options, because Home Loans are what we do.

Speak to a home loan specialist