1. Qualifying for a 95% Home Loan Made Simple 

Requirements: 

• Secure your dream home with a deposit of 5% – 10% of the property value. 
• First Home Owners Grant (FHOG) can contribute to your deposit. 
• Steady income and stable employment are crucial. 
• Enjoy interest rate discounts for being a low-risk borrower. 

2. Tailored Solutions for Unique Situations 

Outside Standard Criteria? No Worries: 

• No genuine savings required with certain lenders, even with a 95% loan. 
• Consideration for all property locations, including Lenders Mortgage Insurance (LMI). 
• Unsecured debts like credit cards and personal loans (up to 10% of the purchase price) are considered. 
• Even low credit scores and bad credit history may be accommodated. 
• Potential eligibility for interest rate and LMI discounts under strict criteria. 

3. Maximizing Borrowing Potential 

Borrowing Limits: 

• Secure up to 100% of the property value with a parental guarantee. 
• Access up to 100% without LMI and no guarantor if you’re an eligible professional (with a slightly higher interest rate). 
• Borrow up to 95% of the property value, with policy exceptions in certain cases. 

4. Competitive Rates and Diverse Lenders 

Interest Rates: 

• Discover competitive rates tailored to your needs. 
• Explore options from both bank and non-bank lenders. 

Discover Your Eligibility: 

• Unlock property opportunities across Australia with our assistance. 

5. Decoding Deposit Requirements 

Deposit Guidelines: 

• First home buyers typically contribute 5% to 10% of the purchase price. 
• Varied deposit amounts based on state-specific first home owners grants and stamp duty concessions. 
• Unique opportunities for eligible first home buyers with a 5% deposit under the First Home Loan Deposit Scheme. 

6. Specialized Home Loans for Medical Professionals 

No LMI for Medical Professionals: 

• A lender offers waived LMI on a 95% home loan for medical professionals. 
• No minimum income requirement. 
• Strict eligibility criteria, including property location, qualifications, and employment history. 

7. Borrowing Beyond 95%: Unlocking Additional Funds 

Extra Loan Facility Option: 

• High-income earners can apply for an additional loan facility (up to $20,000) alongside a 95% home loan. 
• Use funds for settlement costs like stamp duty and conveyancing fees. 
• Requires a 5% genuine savings deposit. 
• Total loan can exceed 100% of the purchase price, beneficial for second home buyers. 

8. The LMI Landscape: Discounts, Waivers, and Considerations 

LMI Overview: 

• LMI costs are substantial for 95% loans. 
• Factors influencing LMI costs include mortgage insurer, loan amount, deposit, and type of savings. 

LMI Discounts and Waivers: 

• First home buyers may enjoy discounted LMI premiums. 
• Exemption from insurance duty for NSW purchases with LMI. 
• Certain professionals, like medical, accounting, and legal professionals, may qualify for no LMI loans at 90% LVR. 
• Options for a 15% deposit with no LMI for specific income brackets. 

9. Strategic Application Process 

Application Process: 

• Engage expert mortgage brokers for a simplified application. 
• Determine lender approval through an online application. 
• Submit required documents for assessment. 
• Compare lenders’ rates, fees, and LMI premiums for tailored recommendations. 
• Receive shortlisted options for informed decision-making. 

10. Pro Tips for Interest Rate Optimization 

Interest Rate Discounts: 

• A special offer from one lender provides a 1.40% discount for loans over $500,000 and 1.30% for loans between $250,000 and $500,000. 
• Criteria include job stability, perfect credit history, and borrowing within specified limits.