Home loans - mortgages Australia wide

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The main differences between those 2 type of mortgages are:

With 100% mortgage we lend you the full purchase price of your property. You have to pay your own legal costs, stamp duty, mortgage duty, etc. This type of loan is available in most residential areas Australia wide.

With 106% mortgage we lend you the full purchase price of your property and we pay most of your legal costs, stamp duty, mortgage duty, etc. This type of loan is available only in selected areas.

See below for more details for these loans.

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100% Mortgages

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Maximum Property Price:
$500,000 in regional areas
$600,000 in Sydney, Brisbane, Melbourne

Property must be zoned:
‘Residential’ or ‘Urban’ (no ‘Rural’ or ‘Rural Residential’).

100% home loans are available for:
Purchase of existing residential Owner Occupied or Investment Property. Also, construction loans are permitted

Acceptable Applicants for 100% home loans:
PAYG applicants and Self Employed. Applicants must be Australian residents.

Deposit required for 100% home loans:
None (You have to pay your own legal costs, stamp duty, mortgage duty, etc. )

We provide 100% home loans for following property types:
Houses, (new or old)
Townhouses (new or old)
House & Land Packages
Units (strata), (new or old)
Villas (new or old)
Construction Loans (no owner builders)

We do not provide 100% home loans for:
Land Only
Hobby Farms
Off-The-Plan Purchases
Hotel/Motel Room Conversions
Serviced or High Rise/Inner City Apartments (some exceptions allowed)
Properties with a poor building report.

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106% Mortgages

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Maximum 106% home loan amount for houses:
NSW .............$750,000
VIC ..............$600,000
QLD ..............$550,000

Maximum 106% home loan amount for units:
NSW .............$650,000
VIC ..............$400,000
QLD ..............$400,000

Minimum 106% home loan amount for houses & units:
$150,000 all states.

106% home loans are available only in selected areas, see below:
New South Wales - Sydney metropolitan area
New South Wales - Wollongong & Port Kembla area
New South Wales - Gosford to Wyong area

Queensland - Brisbane metropolitan area
Queensland - Ipswich area
Queensland - Gold Coast
Queensland - Sunshine Coast

Victoria - Melbourne metropolitan area
Victoria - Melton area
Victoria - Geelong area
Victoria - Mornington Peninsula

106% home loans are available for:
Purchase of existing residential Owner Occupied or Investment Property. No construction loans permitted

Acceptable Applicants for 106% home loans:
PAYG applicants only. No Self Employed. Applications from self employed professionals with income >$150K p.a. will be considered on a case by case basis. Applicants must be Australian residents.

Savings or deposit required for 106% home loans:
None (Costs included in Loan to a Max 106% LVR)

Rate Type:
Variable Rate Only. No interest only option available

Repayment Type:
P & I by direct debit either monthly or fortnightly

Loan Term:
30 years maximum and 15 years minimum.

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The Process
Once we receive your online application one of our consultants will contact you and discuss your loan requirements.

- Apply for 100% mortgage

- Apply for 106% mortgage