Australian Government 5% Deposit NO LMI Scheme | Capx Finance
Buy Your First Home Sooner with the 5% Deposit Scheme
Are you dreaming of owning your own home but struggling to save for a large deposit? The Australian Government 5% Deposit No LMI Scheme can help you get there faster — and Capx Finance, led by Senior Mortgage Broker Davinder Singh, is here to guide you through every step of the process.
This initiative is designed to make homeownership more accessible for first home buyers.
With deposits as low as 5% and no Lenders Mortgage Insurance (LMI), you can save thousands and step into your new home sooner.
Why Choose the 5% Deposit No LMI Scheme?
The Scheme is a government-backed program that helps you secure a home loan with as little as 5% deposit. Here’s what makes it so powerful:
- Buy your first home with just a 5% deposit
- No LMI – Avoid costly Lender’s Mortgage Insurance premiums and save on upfront costs
- No equity sharing – You keep full ownership of your property; the government does not take any share in your home
- No income caps – Accessible to more first home buyers, regardless of income
- Government-backed – The government provides a guarantee to the bank, reducing the bank’s risk and removing the need for customers to pay LMI
- Unlimited spots – No waiting lists, no delays – apply when you’re ready
- Wide range of home choices – Choose from houses, apartments, townhouses, off-the-plan builds, or land and build packages
Who Can Apply?
You may be eligible if you meet the following criteria:
For First Home Buyers
- Minimum 5% deposit saved
- Must not have owned a property in the past 10 years
- Buying a property within the price caps for your location
- Applying as an owner-occupier
Property Price Caps by Location
The Scheme applies to both new and existing homes, with price caps varying by state and region. For example, homes in Melbourne and other capital cities may have higher limits compared to regional areas.
Davinder Singh can help you check your local property price cap and confirm both scheme and bank eligibility criteria.
How It Works
1. Check Eligibility
Capx Finance can assist in checking if you meet the general requirements of the Government Scheme.
2. Find a Participating Bank or Lender
Davinder Singh, being a Senior Mortgage Broker and ex-home lending banker with major banks in Melbourne, has vast experience across both major and non-major banks.
We can guide you in identifying suitable participating lenders based on your individual circumstances and borrowing capacity.
3. Application and Pre-Approval
Your loan application is submitted to a participating lender who assesses it in line with both the lender’s and the scheme’s eligibility criteria.
4. Purchase Your Home
Once your application is pre-approved, you can proceed with buying an eligible property.
Please note: All loan applications and approvals are subject to both government scheme guidelines and the participating bank’s lending criteria.
Why Work with Capx Finance?
At Capx Finance, we believe that every Australian deserves the chance to own their home.
With years of experience as a Mortgage Broker and strong relationships with both major and non-major banks, Davinder Singh provides expert guidance tailored to your needs, ensuring your application runs smoothly and helping you secure the right loan under the 5% Deposit No LMI Scheme.
In your first home journey, Capx Finance is committed to helping you make confident, informed decisions about your home loan.
Our Google customer reviews
Babar Y
Davinder is an excellent financial broker! He is knowledgeable, reliable, and always takes the time to explain things clearly. His advice has been invaluable in helping me achieve my financial goals. Highly recommended!
Monika P
Preeti K
Dear Davinder, (Capx Finance) We both wanted to take a moment to express our gratitude for the exceptional service you provided throughout the refinancing the home loan.Your expertise and guidance made a significant difference and I truly appreciate the time and effort you dedicated to helping me understand each step.Your responsiveness to my questions and your ability to explain complex terms has made the experience much more manageable. I felt supported and informed every step of the way, which put away stress. Thank you once again for your professionalism and commitment. I will certainly recommend your services to friends and family who may be looking for a mortgage broker. Regards Preeti and Shine
Sahiz K
So reliable and Best service
Stephanie C
As first-time homebuyers, my partner and I were quite anxious about the mortgage process. I can’t thank Davinder enough! He was knowledgeable, patient, and made the entire process straight forward and stress-free. I truly appreciate his dedication and would highly recommend him to anyone looking for exceptional service.
RINKU S
Andrew J
Davinder has been such a help the past few months with not only refinancing my existing home loan, but also putting together a pre approval for a new purchase. He has been able to guide me through the entire process, answering any questions I’ve had and has managed to get me an extremely competitive rate. I highly recommend anyone looking to refinance or applying for a new loan to go reach out to Davinder and his team.
Gagandeep S
I recently had the chance of connecting with Davinder to source finance. I was welcomed with the best guidance and a planned mortgaging strategy to rightly move forwards towards establishing a portfolio of assets. Highly recommended for getting a personalised experience.
Kishor T
I recently worked with Davinder at CapX Finance to refinance my home loan and switch to a new lender, and I couldn’t be happier with the experience. His communication was fantastic, and he always responded quickly to any questions or concerns I had. The service was top-notch from start to finish, making the process smooth and stress-free. I highly recommend Davinder to anyone looking for reliable and efficient mortgage broker. Excellent work!
Buta S
The best service I ever had in my last 18 years in Australia. Davinder Singh is such an active personality and carries a lot of options and he advises the best. I highly recommend him. I am from Brisbane but when I use his service, I always feel, he is sitting in front of me and he treats his clients like his own family members. I am glad to be a part of Capx Finance…
Get Started Today
Don’t let the fear of a big deposit hold you back.
With the Australian Government 5% Deposit Scheme, home ownership is closer than you think.
Contact Capx Finance today to find out if you’re eligible and start your journey towards owning your own home.
Call Davinder Singh – Senior Mortgage Broker Based in Melbourne, Victoria
How to reach us:
If you’re interested in learning more about our services or have any loan enquiry.
Want to speak with someone right now:
Call Us:
0459 348 384
Email Us:
info@capxfinance.com.au
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