No Savings Home Loans

Many lenders require a significant upfront deposit, which can pose a problem if you haven’t been saving for long or are caught in the rental trap. However, Oceanic Capital has access to a number of lenders who allow gifted funds to form part or all of the required deposit.

To be eligible you must have been renting through a licensed real estate agent under a signed lease agreement for at least six months. No Savings Home Loans are tailor-made for first homebuyers, as they essentially allow you to borrow without a saved deposit.