What is the lowest deposit for a mortgage?

For the ordinary borrower, 5% is the lowest your home loan deposit can be. And if you have a guarantor you could buy a house with no deposit. But there is another rare case where you could buy a home with a 2% deposit. If you're a single parent borrower who qualifies for the Family Home Guarantee scheme , you could buy a home with a 2% deposit and support from the federal government.

Can I use super as part of my deposit?

Not directly. However, first home buyers can use extra super contributions to minimise tax and put it towards a deposit under the first home super saver scheme . Investors can purchase investment properties through a self-managed super fund loan .

Can I get a 5% deposit home loan?

Yes. While not every lender offers home loans for borrowers with 5% deposits, many do. Just look for a home loan with a maximum insured LVR of 95%. This is a mortgage term that means you can get it with a 5% deposit. But you'll need to pay LMI.

Can I use a First Home Owners Grant as my deposit?

Yes. If you're eligible for a first home owners grant, you can use that to form part of your deposit. Just make sure you are in fact eligible for a grant in your state or territory.