Will the Bank Give Me a Loan?

This is one of the most common questions we get—not just from first home buyers, but from all types of buyers.

The truth is, the answer isn’t always black and white. Whether you’re starting a new job, have a small deposit, or are juggling a few financial commitments, it doesn't automatically mean a home loan is out of reach. In fact, you might be closer to buying a home than you think.

You Can Still Get a Loan If You...

• Just started a new full-time or part-time job

• Are still in your probation period at work

• Have only saved a 5% deposit

• Have had one or two late payments—but can explain them

• Hold one or more credit cards

• Have a personal loan or HECS/HELP debt

• Work casually with consistent income

• Are receiving a family inheritance (as a cash contribution)

• Started your own business 12 months ago

These situations might seem like deal-breakers—but they’re not. Every lender has its own lending policy and appetite for risk. What one bank sees as a hurdle, another may view as completely acceptable. That’s where having the right guidance makes all the difference.

Why Your Choice of Lender Matters

At Ascot Mortgage, we work with a wide range of banks and non-bank lenders. This means we can tailor your application to the lender most suited to your situation. It’s not about one-size-fits-all—it’s about finding the right fit.

Your First Step: The Home Buying Plan

Before applying, it’s important to understand your borrowing power and what you’ll need to get loan-ready. That’s why we start with your Home Buying Plan—a complimentary, personalised strategy that outlines:

• Your estimated borrowing capacity

• Minimum deposit requirements

• Property price range

• A clear timeline to home ownership

This plan gives you clarity, confidence, and a realistic path forward—whether you're looking to buy in six weeks or six months.

Book your free consultation today.