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Skip to owning your
first home
With Skip, getting on the property ladder is closer than you might think. Our products get you home, sooner.
85-98% LVR home loans
Our products give you the flexibility to make the most of your income and your savings. We do this with low rates and low fees. All our products are designed to provide better value than loans with Lenders Mortgage Insurance (LMI).
Low rates
We can save customers thousands in interest
Low upfront fees - No LMI
All our loans have lower upfront fees than LMI
98% LVR - Variable
6.14
% p.a.6.48
% p.a.Get ahead by
Skip to the owning bit, now
Our loans help you make the most of your savings and your income. By maximising your borrowing capacity, you’re able to get into your home right away.
Keep more of your savings
Our loans are perfect if you don’t want to tie all your cash to your property. Keep those additional funds for renovations, life plans or just as a buffer for a rainy day
Not paying LMI
We’ve designed our loans to be better value (in rates and fees) than loans that require LMI. These savings go straight into your pocket!
How are your rates so low?
To get you into a home sooner we offer the cheapest low deposit mortgages we can. We do this by backing you and partnering with global and local institutions who share our vision.
Best value ever!
Years Earlier
Our First Home in Australia!
Saved by choosing Skip
2% DEPOSIT. LOW RATE. LOW FEE. NO LMI.
2% DEPOSIT. LOW RATE. LOW FEE. NO LMI.
2% DEPOSIT. LOW RATE. LOW FEE. NO LMI.
2% DEPOSIT. LOW RATE. LOW FEE. NO LMI.
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.
What do I need to contribute?
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.
What will my repayments be?
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.
As seen in
Lending Innovation of the Year
Home Loan Awards
Best New Lender Home Loan
RateCity Gold Award
Best For First Home Buyers
Home Loan Awards
Best Low Deposit Home Loan
Home Loan Awards
What our customers are saying
Everything you need
Eligible for the Federal First Home Guarantee?
The First Home Guarantee is an Australian Government initiative that guarantees up to 15% of your property's value. Skip is not an eligible lender under this scheme, and we offer loans with just a 2% deposit and no mandated purchase price caps.
FAQs
Find answers to your most pressing questions
How long does it take to receive conditional pre-approval?
Conditional Pre-Approval will typically take 24-48 hours from application submission.
How do I apply for a home loan?
To apply for a loan, click here.
Why don’t I need LMI with you? Are you lending responsibly?
LMI protects lenders and not borrowers. For various reasons, many/most lenders require LMI to protect themselves from default amongst borrowers with +80% LVRs.
We’ve taken a different approach.
Instead, we don’t charge LMI. We’re focused on lending to great borrowers and have created a suite of products specifically for great borrowers who don’t have a “full” 20% deposit.
We are proudly building an ethical, sustainable business to help financially responsible Australians get into their homes faster. We’ve built our own prudent lending criteria and are actually more conservative than most lenders in terms of who we will lend to.
So, in answer to your question – YES!
We are proudly lending responsibly, and very proud of the way we’re able to offer better-suited products to high-quality borrowersWho is actually funding my loan? If you are not a bank then where does your money come from?
Our funding sources will change over time. Ultimately, we partner with funders (banks, non-bank mortgage funders and credit funds) who believe in our vision and the quality of our customers – young, reliable Australian families.
I am a First Home Buyer. What grants or concessions are available to me and how do I apply for these?
Using Skip will not impact your ability to use any grants or concessions.
If you believe you qualify for a Stamp/Transfer Duty exemption or government grant, let us know and we’ll account for this in our credit assessment and loan offer.What are your interest rates?
Visit our Rates & Fees page to see our current interest rates.
Am I eligible for a home loan with Skip?
You can see our eligibility requirements here.