Can I Get A Home Loan With No Deposit? Yes, you can, but you will need a guarantor. Most people who get no deposit loans are first home buyers who will live in the homes they purchase. Most lenders prefer these types of buyers as they usually pay their loans on time. To get the loan approved, however, you will need a guarantor. Some banks also offer 105% loans as long as you have a parent who can act as guarantor. The extra 5% is for additional costs such as stamp duty on top of the loan amount. Buyers can remove the guarantor as they pay off the loan or the property increases in value. Call Amber Cyman now to talk about buying your dream home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282
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