Home Loans in Australia
Buying a house is a major milestone in life. It is not just about signing a contract or satisfying a bank’s lending rules; rather, it is about making a future, getting a firm grip of life, and making a place that is really yours.
However, the path to homeownership can be confusing. There are complicated rate structures, lender policies, eligibility rules, and heaps of paperwork; as a result, one can easily feel overwhelmed.
With Realloans Australia, we can easily turn this complexity into clarity. We provide you with the support you need from the moment you have your first question until the day of settlement with confidence, transparency, and personalised assistance.
Why Realloans
Why us Realloans Australia
At Realloans Australia, our brokers help you understand and compare home-loan options from our lender panel. We provide clear guidance through the application process, while available products and outcomes depend on lender criteria and your circumstances.
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Expert Mortgage Brokers
Our brokers assess your circumstances and help you compare suitable options from relevant lenders on our panel. Product availability and approval depend on lender criteria and assessment.
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Lender Panel
Realloans works with banks, non-bank lenders, specialist funders and private lenders on its panel. Available products, rates, low-doc options and eligibility depend on the lender, loan purpose and applicant circumstances.
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Application Support
Our brokers explain loan terms, organise application information and keep you updated through lender assessment and settlement. The lender controls approval, conditions and timing.
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Personalised Service
No two borrowers are the same. We listen to your needs and help you compare relevant home-loan options from lenders on our panel. Suitability, availability and approval depend on lender criteria and your circumstances.
At a glance
Home Loan Features
- Loan purpose is purchase, refinance, construction or release equity from residential property
- Available loan sizes depend on lender policy, property, loan purpose and applicant circumstances
- Owner-occupied or investment
- Borrower can be an individual, partnership, company or trust, subject to lender requirements
- Maximum LVR and any LMI requirements depend on lender policy and assessment
- Available loan terms depend on the lender, product and applicant circumstances
- Repayment Type: Principle & Interest and Interest Only with 1-5 years
- Cash-out and debt-consolidation options may be available, subject to lender policy and assessment
- Options for borrowers with adverse credit may be available, subject to lender eligibility and assessment
Home Loan Document Requirement
- Individual borrowers Driver’s Licence, Passport and Medicare
- If any applicant is working PAYG – 1 x payslip with YTD income and 3 month’s bank statements
- For Self employed Recent Individual Tax Return for each director or guarantor
- Tax Return, Profit & Loss and Balance Sheet for existing trading business
- Trusted Deed (if borrowing through Trust)
- For Rental Properties, 3 x monthly Rental Statement OR a copy of the lease agreement
- For Construction Loan – Building Contract, Buildings Plans & Specification List
Overview
What is a Home Loan?
A home loan is money borrowed from a lender to buy or refinance residential property. Most borrowers make principal-and-interest repayments over an agreed term, although other repayment structures may be available. The property is generally used as security for the debt.
What is borrowing power?
Borrowing power (or borrowing capacity) is the maximum amount a lender will let you borrow, based on your income, expenses, debts, and credit.
Options
Home Loan Options We Can Help You Explore
Whether you’re buying your first place, investing in property, or refinancing an existing loan, our brokers can help you explore relevant finance options from lenders on our panel:
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First Home Buyer Loans
Buying your first property? We can explain relevant lender requirements and point you to current government information about grants, guarantees and duty concessions. Eligibility and availability depend on the scheme, lender and your circumstances.
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Investment Property Loans
Buying an investment property or reviewing an existing investment loan? A broker can help you compare lender requirements, available structures, repayment options and applicable costs. Approval and terms depend on the lender and your circumstances.
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Construction Home Loans
Building or completing a major renovation? Construction loans commonly use progress payments tied to completed stages. Available structures, valuations, documentation and payment timing depend on the lender, contract and project.
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Home Loan Refinance
Refinancing may be considered to review rates, fees, features, repayment structure, equity access or eligible debt consolidation. Any benefit depends on lender criteria, switching costs, the new loan terms and your circumstances.
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Loan Pre-Approval
Pre-approval can give you an indicative borrowing limit before you make an offer. It is conditional, may expire and is not final approval. Lender requirements and a property assessment may still apply.
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Bridging Home Loans
Buying a new home before your current one sells? A broker can help you compare bridging options that may cover the period between purchase and sale. Availability, costs, conditions and timing depend on the lender and your circumstances.
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Low Doc Home Loans
Low-doc loans may be available to some self-employed borrowers who cannot provide standard income documents. Evidence requirements, assessment methods, pricing and eligibility vary by lender.
Indicative rates
Home Loan interest rates
The home loan interest rate depends on the LVR, borrower type (individual, company, or trust), whether the loan is owner-occupied or investment, features such as an offset account, loan type (standard or low-doc), repayment method (interest-only or principal & interest), property type (house, townhouse, unit, land, or acreage) and borrower’s prior account conduct and credit history.
Loan Process
Learn MoreHow it works
How To Apply For a Home Loan?
A home-loan application with Realloans follows a structured process covering fact-finding, option comparison, lender assessment and settlement.
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Fact Find & Assessment
The loan process starts with a broker assessing your financial position and understanding your goals. As part of the fact-find, we collect information about your income, expenses, assets and liabilities. We then review your borrowing capacity and collect relevant identity and income documents. Depending on your employment and lender requirements, these may include payslips, bank statements or personal and business tax returns. A lender’s assessment may also include a credit check.
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Select Lender & Lodge Application
Before lodging an application, our broker can assess relevant options from our lender panel. Credit enquiries may be recorded depending on the lender and assessment process. We explain applicable fees, rates and repayments for the options discussed. After you select a lender, we can submit the application on your behalf and keep you updated through assessment and settlement.
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Approval and settlement
If the lender approves the application, it issues the loan and mortgage documents for signing. After the completed documents and any other requirements are returned, settlement can be arranged. For a purchase or refinance, Realloans can coordinate with you, the lender and your conveyancer through settlement.
Home Loan Lenders
Our lender panel includes major banks, non-bank lenders, credit unions, specialist lenders and private lenders. Our brokers can help compare relevant home-loan options, with availability, rates and eligibility subject to lender criteria and applicant circumstances.
Realloans Reviews
What Customers Say About Us
★★★★★
Loan process was easy and transparent. Sukh is very supportive. Will definitely recommend.
Jaspal Jassar
★★★★★
This is the second time getting a loan with Realloans. Sukhjeet knows the market very well and got me the best loan deal I could think of.
Jagdeep Boparai
★★★★★
Sukh was totally professional and settled the finance on our car quickly and efficiently. He was communicative and the process was easy to understand. Excellent service.
Kanwardeep Singh
Get Started! Speak to a Home Loan Specialist
Get home-loan support for your circumstances.
Whether you are buying your first home, moving, building or refinancing, our brokers can help you compare relevant lender options and prepare an application.
Talk to a Realloans home-loan broker. Use the online form or call us to discuss your circumstances and possible next steps.
Call for Service Today
FAQs
Frequently Asked Questions
Can eligible buyers purchase with a 5% deposit?
Some eligible first-home buyers may be able to purchase with a minimum 5% deposit through the Australian Government 5% Deposit Scheme. Scheme eligibility does not guarantee home-loan approval. A participating lender still applies its credit policy and assesses the application. Check the current Scheme rules and property price caps before proceeding.
What are the types of home loans?
Common home-loan structures include variable-rate, fixed-rate, split, interest-only and low-doc loans. Features, pricing, repayment requirements and eligibility vary. A broker can help you compare relevant options, but the lender decides availability and approval.
What is the interest rate for home loans in Australia?
Interest rates for home loans in Australia vary by lender, loan type, loan purpose, loan-to-value ratio and applicant circumstances. Our brokers can help you compare applicable rates, fees and features from relevant lenders on our panel.
How much can I borrow?
Borrowing capacity can vary between lenders. It depends on factors such as income, living expenses, existing debts, dependants, credit history, the loan term and lender policy. To discuss an estimate, complete the online form or call +61 412 447 728.
How much deposit do I need for a home loan?
The deposit depends on the lender, property, loan structure and your circumstances. A 20% deposit can help you avoid LMI, but some lenders may accept a smaller deposit. Eligible buyers may also be able to use the Australian Government 5% Deposit Scheme. Allow separately for purchase costs such as stamp duty, conveyancing, inspections and lender fees.
What is Lenders Mortgage Insurance (LMI)?
Lenders mortgage insurance protects the lender, not the borrower, if the loan is not repaid and the lender incurs a loss after selling the property. It may apply to some higher-LVR loans, depending on lender policy and whether an eligible government guarantee or another exception applies.
What upfront costs should I consider besides the deposit?
Upfront costs can include stamp duty, conveyancing, inspections, lender fees and LMI where applicable. The amounts depend on the property, location, lender and loan structure.
What are Realloans Australia’s credit representative details?
Tota Pty Ltd, trading as Realloans Australia, is Credit Representative 544708, authorised under Australian Credit Licence 384704. ABN 88 659 742 391.
Find Home Loans in Your Area
The links below connect this national Home Loans hub with maintained Victoria and Melbourne pages, first-home-buyer guidance, mortgage-broker pages, calculators and client reviews. Loan availability and lender requirements still depend on the property and applicant circumstances.