Applying for a home loan

Home Loan Eligibility Criteria

Home Loan Eligibility Criteria

While every lender will have their own specific lending criteria, all banks and private lenders will look for a few of the same things. Here's what to prepare for when you apply for a home loan.

How much deposit do you need to buy a house?

How much deposit do you need to buy a house?

Most banks will not lend you the entire value of a property when you purchase a home. You're usually going to need a deposit of at least 5% of the purchase price, but there are caveats to how much deposit you'll actually need.