Bad Credit Home Loans

At Positive Home Loans, we believe everyone should have the chance to own their own home, even if you’ve had a few financial hiccups along the way. If you have a limited or poor credit history, you’ve come to the right place to start your clean credit future.

We’re confident we can give you that second chance and change your financial outlook for the better and do our best to give you the opportunity to own your own home with a loan that you really can afford, and in a few years, you’ll only be asking why you hadn’t done it sooner.

Why consider a bad credit home loan?

While you’ll pay higher interest rates for a poor credit mortgage, there are some compelling reasons you should consider applying for a poor credit home loan.

  • You’ll be out of the rental market and into a home that’s yours as long as you choose to keep it.
  • Owning your own home gives you the opportunity to establish a solid residence and employment record. This will allow you to begin to repair your credit history with the certainty that you have the stability you need to build a secure future for yourself and your loved ones.
  • As time passes and you consistently meet your repayments, you’ll improve your credit rating.
  • With a better credit score, you’ll be able to refinance your home loan at a lower interest rate sometime in the future.
  • Your home loan will have most of the features of a regular home loan, but will be designed for your circumstances to allow you to own your own home and build your net worth.

Will you be eligible for a bad credit home loan?

As long as you have some evidence that you will be able to service the loan by meeting regular repayments, we’re pretty confident that we’ll find the right loan for you.

For a bad credit mortgage, you will need a larger deposit than for a clean credit home loan. Depending on the exact circumstances, you’ll need a deposit of at least 5% of the total loan amount.

We can find a home loan for you if you have a poor credit rating due to:

  • Paid or unpaid defaults, including credit card defaults
  • Repossessions
  • Discharged bankruptcies
  • Limited credit history
  • Discharge after a Part 9 Debt Agreement
  • A lot of loan enquiries

It’s time to embrace a Positive future - give us a call now on 1300 366 287 or fill out an application form to start the journey today

Why choose Positive Home Loans for your bad credit mortgage?

With over 35 years of experience and an understanding that good people sometimes end up with a poor credit rating, we’re on your side to help you realise your dreams of home ownership.

We’ll use our relationships with the biggest lenders in Australia to find a deal for you, and start you on the path to a secure future.

Ready to move forwards?

Now you know you have a chance to change your finances with a bad credit home loan, don’t even hesitate, give us a call or fill out the form below to get a consultation with one of our expert brokers.

In the meantime, you can find how much you might be able to borrow, and what your repayments might be:

How Much Can I Borrow?

Home Loan Repayment Calculator

Not sure if you have bad credit? We'll be able to help you know exactly where you stand. Contact a Home Lending Specialist or complete a pre-approval form to find out what your real options are.

It's never too soon to make a Positive change.

We make finance a Positive experience