Low deposit options for first homebuyers
Get into your own home with as little as 2%*. With a wide range of low deposit options available for first home buyers in Perth and the South West. Together with our partners at Resolve Finance, let’s see how you could get into your own home sooner.
Government Initiatives
Hunting for the perfect finance solution, there’s no need to stress. If you’re a first homebuyer, second homebuyers, single parent, permanent resident, or live regionally, with the help of Government Initiatives, you could be getting into your home sooner.
Check them out below ⬇
5% Deposit Scheme
First homebuyers – Australian Government 5% Deposit Scheme is giving more West Australian first homebuyers the chance to own their own home with just a 5% deposit and no Lenders Mortgage Insurance~.
- No income limits as of 1 October 2025 (How awesome for first homebuyers!!)
- Property Price Cap:
- $850K WA metro, $600K WA other
- Plus for those of you in regional WA, if you haven’t owned a home in the last 10 years, you could be eligible for the scheme.
If you’re ready to start making your first home happen, our team of expert New Homes Consultants are ready to start making your dream a reality.
For single parents & guardians
Single parents and legal guardians – You could see your new home ownership dreams come true with a deposit of just 2% and no LMI~.
- Available to single parents supporting a family. This includes legal guardians such as grandparents, aunts and uncles
- Allows customers to borrow up to 98% of the property value (that means a deposit of only 2%!)
It’s all happening in the homebuyers space. Want to know more? Chat to one of our New Homes Consultants. Together with our partners, Resolve Finance, we can help you take advantage of these Government initiatives and get into your own home sooner.
Lenders mortgage insurance (LMI) is one way to buy a property without having a 20% deposit typically required by banks and lenders.
It’s a premium that you pay the lender in exchange for them providing you with a home loan with a smaller deposit. Some lenders will provide home loans with just 5% deposit, if LMI is paid.
More questions about all the finance stuff? Talk to our partners, Resolve Finance.
They’re the experts when it comes to construction loans and all things finance. We can put you in touch with one of our amazing Resolve Finance Brokers, just fill in your details above.
This doesn’t consider your personal needs & financial circumstances, consider what’s appropriate for you. Lenders terms & conditions apply & may vary. All financial services provided by Resolve Financial Solutions Pty Ltd trading as Resolve Finance ABN 65 079 545 378 Australian Credit Licence No. 385487.
~Eligibility at the discretion of State and/or Federal Government. Please refer to Government websites for further information: https://firsthomebuyers.gov.au/australian-government-5-percent-deposit-scheme. Lender terms and conditions apply.
Resolve Financial Solutions Pty Ltd trading as Resolve Finance ABN 65 079 545 378, Australian Credit Licence No.385487.