Low Deposit Homes — 8 Common Myths Busted

Myth 1:

“Low deposit means dodgy lenders and high interest rates”

Not even close.

Our preferred brokers work with well-known, trusted banks and lenders. These are standard home loans with competitive interest rates—no shady lenders or sky-high rates involved.

Myth 2:

“You’ll be stuck with a deposit loan”

Nope — some companies might, but not us.

We don’t offer deposit loans, and honestly, they’re not in your best interest.

Instead, we provide a $10,000 Deposit Boost—an actual gift to help cover your upfront costs like your deposit, stamp duty, and legals.

Myth 3:

“Better to wait and save more”

Sure, a bigger deposit is ideal—but here's the thing:

While you're saving, property prices keep rising.

So do rents.

Waiting could mean spending thousands more in rent and needing an even bigger deposit later.

Buying sooner often puts you ahead.

Myth 4:

“The loan will be bigger and riskier”

With a lower deposit, yes—you will borrow more than someone with a 20% deposit.

But here's the flip side: you’re in the market.

If you wait five years, you might still end up with a bigger loan—but on a more expensive house.

And remember: mortgage debt is often considered good debt because your property is likely to grow in value over time.

Ready to own sooner with less savings? Grab our free guide: From Renter to Homeowner

Myth 5:

“There’s got to be a catch”

We get it—it sounds too good to be true. But this isn’t a gimmick.

It’s a smart mix of the right finance structure, government grants, and our $10,000 Deposit Boost.

There’s no catch—we’ve helped over 500 families already, gifting over $5 million in support!

Myth 6:

“You don’t get a say in the house”

False. It’s your home—of course you have a say.

We help you choose a location, land, and house design that suits your budget and goals. You’ll be involved every step of the way.

Myth 7:

“My bank said I can’t buy with a low deposit”

Banks have rules—and those rules don’t work for everyone.

Not all banks accept the First Home Owner Grant as a deposit. And many don’t offer access to the Home Guarantee Scheme either.

They’re unlikely to tell you about better options elsewhere… but we will.

See what your deposit could look like? Use our Deposit Checker

Myth 8:

“Pre-qualification will hurt my credit score”

Not with us.

Our pre-qualification is a quick, obligation-free snapshot.

It won’t impact your credit score and it’s not a loan application.

It simply helps us see if you’re in a position to buy, and what kind of support might be available to you.

You can also check your credit report for free through the Equifax website

You might be a lot closer to owning a home than you think.

And there’s nothing to lose by checking.

Complete our Pre-Qualifier

Or book a chat with us—no pressure, just good advice!