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Is it possible to get a mortgage with 10% deposit?

WellyFHB·28/03/2026·59 views·2 replies·Partner answered
I hear 20% deposit is the norm and it used to be possible. Is it still possible to get a mortgage with 10% deposit?

2 Replies

Dustin LindaleVerified Partner previewHelpful answer preview29/03/2026

Yes — it is possible to get a mortgage with a 10% deposit, but it depends on your situation and the lender. A lot of first home buyers think you need a 20% deposit, but there are options available with lower deposits, including 10% and sometimes even 5%. That said, these options are more limited and not everyone will qualify. Banks also have caps on how much low-deposit lending they can do, so availability can...

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