The maximum loan-to-value ratio (LVR) for investment property loans offered to first-time homebuyers in Australia may vary depending on the lender. Some lenders may provide up to 95% of the property value for investment loans, while others may have different limits.
Each lender sets its own maximum LVR, with some offering up to 90% or 95% LVR. A 90% LVR means you would need a minimum deposit of 10%. Similarly, a 95% LVR implies that you could secure a home loan with as little as a 5% deposit.
To determine the maximum LVR for investment property loans as a first-time homebuyer, it’s recommended to consult with a mortgage broker or directly reach out to lenders. They can provide personalised information based on your financial situation, property value, and loan requirements.
While it is possible for a first-home buyer to purchase an investment property in Australia, it’s essential to understand the eligibility criteria and considerations involved.
The specific requirements may differ based on the state or territory you intend to invest in.
Consultation with financial advisors, buyers agents, mortgage brokers, and lenders can help you navigate through the process and make informed decisions. By carefully weighing your options and understanding the loan terms, you can take advantage of the opportunities available and potentially build a solid investment portfolio as a first-time homebuyer.
