If you’re looking to buy your very first home, with P&N Bank you can borrow up to a loan to value ratio (LVR) of 95%.
As a general guide you'll need a minimum 5% deposit plus your settlement fees and Lenders Mortgage Insurance (LMI) fees. LMI fees will apply if you don’t have a 20% deposit plus settlement fees.
You may qualify to take out (LMI) for deposits less than 20% of the property value. Alternatively, the Governments First Home Loan Deposit Scheme is available to help new borrowers get into your first homes with deposits from 5% of the property value for qualifying applicants.