Bad credit home loans approved

Knocked down by banks for your home loan due to poor credit? Savvy can help

Subprime home loan solutions

Over 600,000 Australians carry a “high to extreme risk” of credit default, according to credit rating agency Veda. Even if you have made efforts to improve your financial situation, a bad credit report can still follow you around. If you have bad credit, it’s especially challenging to find a home loan. Lenders will say no. Banks will say no. It can leave you frustrated. If you do have a poor credit history, unpaid debts or a bankruptcy on your credit file, Savvy can help.

Savvy are specialists in finding people with bad credit a home loan. We can find competitive terms and rates, even for people with bad credit.

The industry refers to bad credit home loans as non-conforming loans. They are sometimes called “sub-prime” loans, although not all bad credit home loans are sub-prime products.

To offset the risk lenders take, even if your bad credit past is behind you, you may have to come up with 20% deposit. This is also known as a 80% Loan-to-Value ratio. (LVR.) This is because lenders assess risk based on your credit report, which might take months or years to clear up.

Fairest home loans

The financial professionals at Savvy work hard to find the best and fairest loans for all our customers who’ve struggled with a poor financial history in the past. We believe everyone deserves a second chance. Unfortunately, you may have to contend with higher fees and interest rates due to the added on-paper risk that lenders and banks must take on.

Even so, you can still expect all the features of mainstream loans, including:

  • Offset accounts
  • Redraw facilities
  • Lines of credit
  • Variable or fixed rates.

So give us a call at Savvy and find out how our friendly consultants can help you achieve your dream of owning your own home. Our services are free and there is no obligation.

Calculate and save by comparing home loans

Thinking of buying your dream home? Savvy offers a complete range of home loan options to suit all needs.
Compare and save with Savvy. Savvy has access to all major banks and lenders in the country. We hold accreditation with all the major lenders in the country and have experienced consultants to tackle any requirement.

LenderProduct NameAdvertised RateComparison RateMonthly Repayment
SavvySavvy Home Loan LVR > 80%4.99%
BluestoneBad credit home loan LVR > 80%5.14%
PepperNon-confirming home loan LVR > 80%5.39%
ResimacSpecialist Alt Doc Home Loan LVR > 80%5.80%
MKM CapitalResidential Bad credit home loan LVR > 80%6.49%

Why choose Savvy?

We are accredited with most reputable lenders in Australia giving you a fair choice to compare

Get help from the very start
You’ll have a financial professional to assist you throughout the entire process and answer all your questions.
Professional assistance
Our financial professionals will help you apply for the First Home Buyer’s grant, provide market analysis and more.
Secure a competitive loan
We source loans from over 25 banks and lenders to make sure you get the best loan possible, even with bad credit.