Skip to the owning bit
2% deposit home loans
Low Rates. Low Fees. No LMI.
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As seen in
Low Deposit - Up to 98% LVR
5.89% p.a.
6.23% p.a.
5.89% p.a.
6.23% p.a.
6.29% p.a.
6.68% p.a.
6.29% p.a.
6.68% p.a.
"We would highly recommend Skip to anyone in search of a home loan provider. We are grateful for their assistance in making our homeownership dreams a reality. From start to finish, the process was smooth and efficient and they were really good at communicating what was required in every step of the process."
"The savings and flexibility we had with Skip allowed us to buy our home and add a pool at the same time. Years earlier than we thought possible! By avoiding LMI, Skip reduced our deposit by $21k. We kept that extra $21k in our bank account and used it to build a pool, something we thought would be years away.”
“My family are truly blessed and privileged to get associated with Skip as they made my first home loan process easier. Anyone looking for home loan without LMI,
Skip is there for you!
Way to go Skip!”
“We would definitely recommend Skip to other home buyers - the end to end service has been fantastic.We would like to give a shout out to Mario, He was fantastic and made the whole process really enjoyable. Thank you!”
How are your rates so low?
To get you home sooner, we need to offer the cheapest low deposit mortgages we can. We do this by backing great borrowers and partnering with global and local institutions who share our vision.
Based on your income and expenses for our Ultra-Low Rate product, you may be able to borrow:
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Estimated Monthly Repayment
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Interest Rate*
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p.a.
Comparison Rate**
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p.a.
Important - There are a lot of different factors that go into calculating how much you can borrow for a home loan. Every lender has their own way of calculating borrowing power so you might get different results with other home loan calculators. Our home loan borrowing calculator takes into account your income and expenses to give you an idea of how much you can expect to be able to borrow with a Skip Primary and Ultra-Low Rate Home Loan.
Estimated total funds to complete required
$0
This funds to complete calculator is a guide only, and gives you an estimate of what your funds to complete based on the property purchase price, loan amount, loan purpose, stamp duty and an Ultra-Low Rate Home Loan.
You’ll get a full assessment when you submit your application and enter the specifics of the property, your loan type, personal details and your financial situation. The above is not credit approval.
Estimated repayments
$0
/month
Principal and Interest Loan
Interest rate*
Comparison rate**
This home loan repayment calculator is a guide only, and gives you an estimate of what your repayments may be with Skip. This estimate is based on the purchase price, loan amount and loan term you entered and the current home loan interest rates for the Ultra Low Rate Home Loan.
You’ll get a full assessment when you submit your application and enter the specifics of the property, your loan type, personal details and your financial situation. The above is not credit approval.
Hello this is Skip.
We’re a home loan lender built to fast-track Aussies into their own home.
For too long, getting onto the property ladder meant putting life on pause to deal with the mess and stress of saving for a big, hairy deposit. All for a dream that moves further away as property prices rise faster than your savings.
The entire system was broken but a better, fairer way didn’t exist.
So we built one.
With a 2% deposit home loan it’s time to skip the hassle, years of heartache, and the B.S. the system used to make you go through. And start experiencing the fulfillment, liberation and rewards that come from being a homeowner.
Skip to the owning bit.
FAQs
Find answers to your most pressing questions
Neither!
Instead, we are a non-bank lender. We are an Australian Credit License (ACL) holder with authorisations to provide credit and credit assistance to consumers.
Visit our Rates & Fees page to see our current interest rates.
You can see our eligibility requirements here.
The short answer: We’ve focused on helping borrowers who don’t have a “full” 20% deposit. By building a suite of products designed specifically for our borrowers, we’ve been able to make our loans cheaper and more accessible.
There’s no catch.
We’re a mission driven business and our mission is to improve access to homeownership for young Australian families. We’ve done this by creating products we’d use and encourage our friends and family to use. Our loans are simple and we don’t take any equity in your home or have any equity-based incentives.
We’ve worked *very* hard to provide the lowest-cost loans possible and will work even harder to make things even more affordable for you – Australia’s next generation – as we build.
Lending eligibility criteria applies.
Yes, we provide pre-approvals. To do this, we assess everything we can without knowing the final property you’ll be purchasing.
As is the market standard, pre-approvals are typically subject to satisfactory valuation of the property you purchase. If you’ve already purchased the property or exchanged contracts we can also go straight to an unconditional approval.
Prior to starting your application, we suggest you use our online calculators to understand your borrowing capacity and loan estimate.
Once you are ready to apply, click on Apply Now and follow the steps to complete and submit your application.
We have a suite of loan products that will benefit you, regardless of whether you are deposit or serviceability constrained.
All our loans have lower upfront fees than any comparable loan that requires LMI at the same LVR. See our rates page for more information.