No 20% Deposit?

No Worries

We have low deposit options
with no LMI

Stop Chasing the Market.
Start Owning It.

In 2026, waiting for a 20% deposit could cost you more than the deposit itself. Get into your home now with a low deposit and no Lenders Mortgage Insurance.

The “Moving Goalpost” Problem

Are you tired of saving $10,000 only to watch house prices jump by $20,000? You aren’t alone. In today’s market, the traditional “20% down” rule is keeping hardworking people on the sidelines while prices climb out of reach.

The good news? You may not need to wait years to buy. With the right strategy, there are government-backed schemes and lender options that can help eligible buyers secure a home with as little as a 5% deposit — without paying LMI.

Instead of spending years trying to “catch up” to the market, you could already be building equity, locking in your future, and owning a place that’s actually yours.

  • BETTER LENDING WITH LENDABLE

We believe your front door shouldn’t keep moving

Why Wait? The Lendable Advantage:

  • Low Deposit Options: Purchase with as little as 5% down (subject to eligibility).
  • Zero LMI: Keep thousands of dollars in your pocket instead of paying for lender’s insurance.
  • Fast-Track Approval: Our experts navigate the 2026 lending landscape so you don’t have to.
  • Obligation-Free: Chat with us to see what’s possible – no strings attached.

How much is waiting costing you?

  • BETTER LENDING WITH LENDABLE

The “Moving Goalpost” Survivors

“I cannot speak highly enough of Sarah at Lendable – she made our home owning dreams that we thought were out of reach come true. She is very responsive answering all of your questions and fully puts your mind at ease. You feel like you’re her only client as she puts so much time and effort into you. Anyone considering using Sarah you will be a valued client of hers you can’t go wrong

— Renee, First Home Buyers

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.

How Much Is Waiting Costing You?

FAQ’s

Frequently Asked Questions

What exactly is 'No LMI' and why does it matter?

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.

Usually about 10 to 15 minutes. We’ll ask a few questions about your savings, income, and goals to see which finance options fit your situation. There’s no pressure to move forward – it’s just about showing you what’s possible.

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.

Ready to Stop Renting & Start Owning?

Don’t let another year of price hikes pass you by. Take 60 seconds to find out your borrowing power today.