5% Deposit
No LMI
Wave goodbye to rent.
Say hello to your new home.
Stop Paying Your Landlord’s Mortgage. Start Paying Your Own.
With a 5% deposit and No LMI required, the keys to your own front door are closer than you think.
Tired of Building Someone Else’s Equity?
Every month you spend renting is a month you aren’t building your own future. In 2026, the “20% Deposit” hurdle shouldn’t be the thing standing between you and homeownership.
- BETTER LENDING WITH LENDABLE
Lendable Makes It Simple to Flip the Script.
Why Our “5% Deposit / No LMI” Path Wins:
- Keep Your Savings: Instead of handing over $10,000+ for LMI (Lenders Mortgage Insurance), keep that cash for your new furniture or renovations.
- Fast-Track Your Timeline: Why wait 5 more years to save a massive deposit while house prices keep climbing?
- Beat the Rental Trap: Transform your monthly rental expense into a long-term investment in your own property.
- Expert Guidance: Our team specialises in low-deposit lending, navigating the 2026 market so you don’t have to.
BETTER LENDING WITH LENDABLE
Stop Waiting. Start Owning.
You don’t need a massive inheritance or a decade of savings to get started. You just need the right strategy. See if you qualify for our No LMI options in just a few minutes.
Ready to trade rent receipts for home equity?
- Step 1: Complete the quick form below.
- Step 2: Explore your low-deposit, No-LMI home loan options.
- Step 3: Get pre-approved and start searching for your home.
From ‘Maybe One Day’ to ‘Moving Day’ in 4 Steps
Get Your Real Number
Forget generic calculators, we’ll assess your borrowing power based on the 2026 lending landscape. No impact on your credit score, just total clarity on what you can afford.
Choose Your Strategy
Whether you’re eyeing a 5% deposit with no LMI, planning a ‘buy with a mate’ setup, or looking to rent-vest, we’ll show you the products that fit your specific goals.
The Digital Fast-Track
Upload docs from your phone and skip the branch visits. Our tech-first approach means we’ll process your application in no time.
Lock in Your Future
Once pre-approved, you’re ready to shop with confidence. We’ll handle the heavy lifting with the banks so you can focus on where the furniture is going.
Ready to Unlock the Door to Your New Home?
FAQ’s
Frequently Asked Questions
Normally, if you have less than a 20% deposit, banks charge you Lenders Mortgage Insurance (LMI). This isn’t insurance for you – it’s insurance for the bank, and it can cost $10,000 to $30,000+ depending on your loan size. At Lendable, we have access to specific pathways that waive this fee entirely, saving you a massive upfront cost.
Yes. While many big banks still demand 20%, we specialise in low-deposit lending for eligible buyers. By entering the market with 5%, you stop trying to out-save the market and start building equity in your own home immediately.
Not necessarily. While you still need to meet standard serviceability requirements (showing you can afford the monthly repayments), a lower deposit doesn’t always mean you need a massive salary. We look at your overall financial health, not just a single number on a spreadsheet.
That’s actually a great sign! Many of our lenders view a strong history of on-time rent payments as proof that you can handle a mortgage. We love helping “rent-trapped” buyers wave goodbye to their landlords for good.
We pride ourselves on transparency – we get paid by the banks so we don’t charge you a cent for using our services. Any government fees, stamp duty, or standard bank charges will be laid out clearly before you sign anything. Our goal is to save you money (like that $15k+ LMI fee), not add to your stress.
Why Choose Lendable For Your Low-Deposit Journey?
We Think Outside the Box
If the traditional route doesn’t work for you, we lean into creative strategies to find a lender hungry for your business.
No Bank Jargon
We break down every rate, high-LVR fee, and feature upfront so you know exactly what your commitments are.
We Move Fast
The property market doesn’t wait, and neither do we. We’ll assess your real borrowing power in minutes.
Client Reviews
Buying a home is one of the biggest financial moves you’ll ever make, and we’re committed to making the process simple, strategic, and stress-free. From first home buyers getting into the market sooner to investors growing their portfolios with confidence, our clients’ reviews reflect what we stand for: clear advice, genuine support, and brokers who go the extra mile to make things happen.
Trustindex verifies that the original source of the review is Google. We’ve had the best help and advice from Sarah—I honestly couldn’t recommend her enough! Sarah has been punctual, professional, and has gone above and beyond every step of the way to help us achieve what we needed. She made what could have been a stressful process feel seamless, straightforward, and incredibly easy from start to finish. Her communication was excellent, she always took the time to answer our questions, and we felt supported throughout the entire journey. If you’re looking for a mortgage broker who genuinely cares and works hard for her clients, Sarah is the person to call. Thank you so much for everything—we truly appreciate all your hard work!Posted on GoogleTrustindex verifies that the original source of the review is Google. Sarah made it easy for us twice now. Highly recommendPosted on GoogleTrustindex verifies that the original source of the review is Google. We honestly could not recommend Sarah enough. As first home buyers, we honestly knew NOTHING going into this process 😅 and at times it all felt really overwhelming. But from the very beginning, Sarah made everything feel so much easier. No question was ever too silly or too small - and trust me, I had a LOT of questions. Every single time, she answered with patience, kindness and genuine care, and always made me feel comfortable asking anything. Sarah gave us all the information we needed every step of the way, explained everything clearly, kept us updated constantly, and made sure we actually understood the process instead of feeling lost in it all. Buying your first home is emotional, stressful and exciting all at once, but Sarah was there through every high and low. What really stood out was how much she genuinely cared. We never felt like “just another client.” She celebrated the wins with us, reassured us through the stressful moments, and made us believe this dream was actually possible. Honestly, Sarah has become more than just our mortgage broker - she’s now the friend I call to figure out if I’m doing life correctly 😂 and that says everything about the kind of person she is. If you are looking for a mortgage broker who is knowledgeable, supportive, hardworking and genuinely invested in helping people achieve their goals, go through Sarah. She doesn’t just help with loans - she helps make real dreams happen. Sarah is 100% our mortgage broker for life, and we truly, truly appreciate everything she has done for us and our family. We are forever grateful 🤍Posted on GoogleTrustindex verifies that the original source of the review is Google. I had an amazing experience working with Sarah from Lendable throughout the process of securing both my block and finance for my new build in Darwin as well as refinancing two of my properties. From the very beginning, Sarah was professional, knowledgeable, and incredibly supportive. She made what could have been a stressful process feel smooth and manageable, always taking the time to explain everything clearly and keep me updated along the way. Sarah went above and beyond to help me find the best finance option and worked hard to ensure everything progressed as quickly and efficiently as possible. Her communication was excellent, and I always felt confident knowing she was handling everything behind the scenes. I am so grateful for all of Sarah’s help and would highly recommend her to anyone looking for a broker who genuinely cares about her clients and delivers exceptional service.Posted on GoogleTrustindex verifies that the original source of the review is Google. We were referred to Tania from Lendable through Easystart Homes, and from the beginning she was welcoming, professional, and highly knowledgeable. She took the time to understand our situation and what we wanted to achieve, which made the entire process feel personalised and stress-free. All of the documentation she provided was well structured, clear, and easy to understand. After just two meetings, we were able to submit our loan application and received approval without any issues. We are extremely happy with the support and service Tania provided throughout the process and would highly recommend her to anyone looking for a reliable and supportive broker.Posted on GoogleTrustindex verifies that the original source of the review is Google. We worked with Tania for around a year from start to finish. From when we initially landed in Australia through to being in a position to buy, and to settlement. Couldn't recommend her enough.Posted on GoogleTrustindex verifies that the original source of the review is Google. Tania made the journey of purchasing our first home smooth and easy. She was professional, helpful, and supportive throughout the whole process. Highly recommend. ⭐️⭐️⭐️⭐️⭐️Posted on GoogleTrustindex verifies that the original source of the review is Google. We first met with Tania in September 2025 when we were looking into buying our first home. From the very beginning, she guided us through the entire process, from getting pre-approval from the bank, providing us with our letter of eligibility, helping us work towards building our first home and securing formal approval as fast as possible. We had absolutely no idea where to start, but Tania was so patient and willing to explain and educate us on everything along the way. There was never such a thing as a silly question, and she was always happy to answer anything we asked. Tania made what could have been a very overwhelming process feel so much easier and less stressful. We are so grateful for all of her help and support, and we would choose Tania over and over again. Highly recommend!Posted on GoogleTrustindex verifies that the original source of the review is Google. Where do I begin! Tania was absolutely amazing with our journey through the finance side of building, she kept us informed and only wanted the best results possible for our finance. Tania went over and beyond with every aspect of this stage and we can’t possibly thank her enough! You would benefit greatly if you have Tania on your team!
Let’s Make Home Ownership Happen
You don’t have to wait years to buy your first home. With the right lending strategy, you could get into the market sooner than you think. Find out if you’re eligible for our No LMI options in just a few minutes.
