Westpac 5% Home Loan 2025. As with any lender, you’ll need to verify to westpac you are who you say you are. The first home loan deposit scheme is another government scheme that helps eligible first home buyers get a home loan with just a 5% deposit without needing to pay.

A lot of the banks have already adjusted their mortgage rates in recent weeks, in anticipation of a lower ocr. There are a few ways in which you can get approved for a home loan with a deposit of 5% of loan value.