Compare 95% LVR home loans
The table below displays 95% LVR home loans from our Online Partners.
Instantly compare 5400+ Canstar expert rated loans based on the inputs below
We couldn’t find any results from our Online Partners.
If you want to keep comparing, here are products from other providers based on your search.
Showing 20 of 161 results
Unsure of a term in the above table? View glossary
The initial results in the table above are sorted by Star Rating (High-Low) , then Comparison rate^ (Low-High) , then Provider Name (Alphabetical) . Additional filters may have been applied, see top of table for details.
What are 95% home loans?
A 95% home loan, or 95% mortgage, is a low-deposit home loan that enables you to borrow up to 95% of the total value of a property you’re buying. This means you are only required to make a 5% deposit on the home loan for the property, which is much lower than the standard 20% deposit that most home loans require.
95% home loans are also called 95% LVR loans, referring to the LVR or loan-to-valuation ratio of the loan.
This type of loan is generally considered by lenders to be a higher lending risk than an 80% LVR (20% deposit) loan. Therefore, borrowers may find the application process is stricter than it would be for a 20% deposit loan, and they are likely to need to pay for LMI. Some lenders also charge a higher interest rate to borrowers with a high LVR, compared to borrowers eligible for lower-LVR loans.
Explore further→ What is LVR and what can it mean for your home loan?
A low-deposit home loan may be an appealing option for prospective property owners who want to take out a home loan with a small deposit amount. However, you may end up paying more for the home loan in the long run.
If you are a first home buyer with a low deposit, there is a possibility you could be eligible for government incentives and schemes aimed at making home ownership more achievable, such as the First Home Loan Deposit Scheme (now called the First Home Guarantee Scheme). This is a scheme that allows a limited number of eligible borrowers per financial year who have never bought a home before to get a home loan with as little as a 5% deposit, without needing to stump up for the expensive lender’s mortgage insurance (LMI) that borrowers with a deposit of less than 20% of the value of the home usually need to pay for.
There’s also the new Labor government’s Regional First Home Buyer Support Scheme, which is set to commence in January 2023. It will work in a similar way to the First Home Guarantee Scheme, but only for borrowers who are buying outside capital cities.
Another option for those seeking federal government support could be the forthcoming ‘Help to Buy’ scheme, which will let eligible homebuyers with a deposit of at least 2% receive a government contribution to help buy their home, provided they qualify for a low-deposit home loan with a participating lender.
Frequently Asked Questions about 95% Home Loans
Latest in home loans
Canstar Star Ratings and Awards
Looking for an award-winning product or to switch providers or brands? Canstar rates products based on price and features in our Star Ratings and Awards. Our expert Research team shares insights about which products offer 5-Star value and which providers offer outstanding value overall. We also reveal which providers have the most satisfied customers in our dedicated Customer Satisfaction Awards.
Explore more Home Loans:
Summerland Bank Home Loans & Rates
Home loan options
Family home guarantee Home Loans
Unloan home loans
Home Loans for First Home Buyers
Compare Fixed Rate Home Loans
Compare Investment Property Home Loan Rates
Refinance Home Loan Comparison
Compare Construction Home Loans
Compare 90% LVR home loans
Compare home loans with offset accounts
Compare split home loans
About our home loan experts
Nina Rinella, Editor-in-Chief
Joshua Sale, Group Manager, Research & Ratings
Thanks for visiting Canstar, Australia’s biggest financial comparison site*
Important information
For those that love the detail
This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.