How Much Can I Borrow?

Your Borrowing Capacity is based on a number of factors:

  • How much you earn
  • How much current debt you have
  • How many dependent children you have
  • The amount of savings you have
  • Which area you live in

Depending on the Lender, some banks may go up to 95% LVR (of the property value – also known as ‘Loan to Value Ratio’).  For most banks, 80% LVR is the standard lend without Loan Mortgage insurance.  However, under the  2020-2021 First Home Loan Deposit Scheme, for those first home buyers with less than a 20% deposit, the National Housing Finance and Investment Corporation (NHFIC) will guarantee up to 15% of the value of the property purchased to a participating lender for eligible first home buyers.

Call us today to find out your borrowing capacity.