Can I Get a Home Loan? — Eligibility Guide Australia (2026)

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Can I Get a Home Loan? — Eligibility Guide Australia (2026)

Most Australians can access a home loan — but eligibility depends on your income, credit history, deposit, employment type, and the specific lender’s policies. This hub answers the question for specific situations.


How Lenders Assess Home Loan Eligibility

Australian lenders assess home loan applications across five key areas:

Assessment areaWhat lenders check
Income and serviceabilityCan you afford the repayments? (Assessed at a buffer rate — typically the loan rate + 3%)
Credit historyDo you have defaults, judgements, or a poor repayment history?
Deposit and LVRHow much deposit do you have? (Affects LVR and LMI requirements)
Employment and stabilityAre you employed and how stable is that employment?
Property type and locationIs the property acceptable security?

Choose Your Situation



This hub provides general information about home loan eligibility in Australia. Lending criteria vary by lender and change over time. Speak with a licensed mortgage broker for advice tailored to your situation. Find one through MoneySmart.