7 Guaranteed Ways To Get A No Deposit Home Loan

7 Guaranteed Ways To Get A No Deposit Home Loan

Looking for a way to buy a home without saving up for a down payment? A no deposit home loan may be the answer! These loans are becoming increasingly popular as more people find it difficult to save up enough money for a down payment. This blog post will discuss 7 ways you can guarantee a no deposit home loan. Keep reading to learn more!

Way #1: Look For A Lender Who Offers No Deposit Home Loans

One of the best ways to guarantee yourself a no deposit home loan is to look for a lender who offers them simply. There are many lenders out there who are willing to work with borrowers who don’t have a down payment saved up. All you need to do is find one that meets your needs and start the application process.

Way #2: Work With A Mortgage Broker

If you’re having trouble finding a lender who offers no deposit home loans, another option is to work with a mortgage broker. Mortgage brokers are professionals who work with multiple lenders to find the best loan products for their clients. They may be able to help you find a no deposit home loan that meets your needs.

Way #3: Get Pre-Approved For Your Loan

Another way to guarantee yourself a no deposit home loan is to get pre-approved for the loan before you start shopping for homes. When you get pre-approved, this means that the lender has looked at your financial situation and determined that you qualify for a loan up to a certain amount. This can give you peace of mind when you start shopping for homes, knowing that you’ll be able to qualify for the loan no matter what.

Way #4: Look For Government Programs

If you’re a first-time homebuyer, many government programs can help you get a no deposit home loan. These programs are designed to assist those who may not have the savings for a down payment. Some of these programs include the First Home Owner Grant, the National Rental Affordability Scheme, and stamp duty concessions.

Way #4: Save Up Your Points

Do you have a rewards credit card? If so, you may be able to use your points to cover your down payment. Many rewards programs allow you to redeem your points for travel or cash back, but some also offer the option to use them towards a down payment on a home. This is an easy way to get a no deposit home loan if you have the points saved up.

Way #5: Use A Guarantor

If you have a family member or friend who is willing to act as your guarantor, this can help you get a no deposit home loan. A guarantor is someone who agrees to cover your repayments if you are unable to make them. This option can be beneficial if you have trouble qualifying for a loan on your own.

Way #6: Borrow From Your Superannuation Fund

If you’re over 18 and employed, chances are you have a superannuation fund. You may be able to borrow money from your superannuation fund to use as a down payment on a home. This is an option that is available to more people than you may think.

Way #7: Use Equity From Another Property

If you already own a property, you may be able to use the equity from that property as a down payment on your new home. This is called refinancing and can be a great way to get the money you need for a down payment without having to sell your current home.


There are many different ways that you can guarantee yourself a no deposit home loan. Following the tips above, you’ll be well on your way to homeownership! Do you have any questions about no deposit home loans? Leave us a comment below, and we’ll be happy to help!

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About the Author: Barry Lachey

Barry Lachey is a Professional Editor at Zobuz. Previously He has also worked for Moxly Sports and Network Resources "Joe Joe." he is a graduate of the Kings College at the University of Thames Valley London. You can reach Barry via email or by phone.