Home Loans

Home Loans Sunshine Coast

When it comes to home loans, Sunshine Coast residents have a lot of questions:

Why so many questions? Because applying for a home loan could be one of the most significant financial decisions you’ll ever make. Add to that the uncertainty surrounding interest rates and a booming Australian property market, and it’s easy to see why borrowers (both first home buyers and those with more experience) have so many questions.

Fortunately, finding the right home loan isn’t something you have to do by yourself. The experienced team of mortgage brokers at Sunshine Coast Financial Solutions can help clear the way so you can make an informed decision on the best home loan to suit your needs.

We have a quick and easy step-by-step approach that takes the hassle out of the lending process. With extensive industry experience and over 500 verified 5-star customer reviews, Sunshine Coast Financial Solutions is the ideal choice when it comes to Sunshine Coast home loans.

An aerial view of Sunshine Coast homes on the coast
A couple meet with a broker to discuss home loans on the Sunshine Coast

Your Preferred Mortgage Broker - Sunshine Coast Financial Solutions

Why are so many homebuyers choosing to work with a mortgage broker at Sunshine Coast Financial Solutions?

The team at SCF Solutions are committed to achieving the best outcome for the customer every time. To do this, we first of all need to understand the unique financial situation and future goals (both short- and long-term) of each client. We appreciate that this will take up more of our time – but we’re willing to put in all the time and effort necessary to ensure every client receives a competitive home loan that suits their needs.  

If you need a mortgage broker, Sunshine Coast Financial Solutions can help with a wide range of home loans, including:

It’s not just about getting the loan with the lowest interest rate – it’s about finding the right loan product to suit your needs. Book an appointment today to discuss the home loans Sunshine Coast Financial Solutions has available and to discover which loan structure will be best for you.

What You Need to Know About No Deposit Sunshine Coast Loans

Alt text: A happy couple move into their new home that they purchased with Sunshine Coast home loans

With the rising cost of living, it’s becoming more difficult to save up a 20% deposit for a home loan. If you’re struggling to save up a sizable deposit, you might be wondering if there’s an alternative solution. Are there home loans Sunshine Coast residents can apply for that require minimal upfront commitment from the buyer?

The short answer is yes, low deposit (and even no deposit) home loans do exist! If you’re looking for low deposit Sunshine Coast loans, it may be worth considering the following options: 

1. Use a Guarantor for a No Deposit Loan

Most lenders will charge Lenders Mortgage Insurance on home loans that have a deposit of less than 20% (since these are considered high-risk loans). However, if someone (usually a parent or close family member) is willing to guarantee the loan, then you may be able to secure a no deposit loan without having to pay LMI.

The best features of a guarantor loan include:

  • It lets you borrow up to 105% of the purchase price.
  • The loan can be used to cover stamp duty and other costs.
  • Guarantor loans generally have lower interest rates (since the risk to the lender is reduced).
2. Apply for Low Deposit Government Initiatives

If you’re a first home buyer, you can take advantage of the following government initiatives to jumpstart your home buyer journey:

  • First Home Guarantee Scheme: Previously known as the First Home Loan Deposit Scheme, with this initiative you will still have to pay a 5% deposit but you will be exempt from paying LMI.
  • First Home Owner Grant: The grant provides eligible buyers with up to $30,000 to be used for buying a first home (you will still have to allow for other upfront costs, such as legal fees, moving expenses, etc).
  • Family Home Guarantee: Eligible applicants can apply for a home loan with just a 2% deposit, with no LMI.

These nationwide programs have specific eligibility criteria that applicants will need to meet. To discuss what government initiatives you might be eligible for, contact the team at Sunshine Coast Financial Solutions for some free expert advice.

3. Use a Monetary Gift as a Deposit

While most lenders prefer “genuine savings”, you can also use an inheritance, lottery winnings and other forms of non-refundable monetary gifts as your deposit. 

Some lenders may accept this type of deposit (funds you didn’t save up yourself) as long as you can prove with proper documentation that you’re not expected to pay the money back.

4. Use Your Super as a Deposit

There are two ways you can use your superannuation to buy a house. The first is through a Self-Managed Super Fund (SMSF). With an SMSF, you can borrow up to 80% of the purchase price when buying an investment property.

You won’t have to save up a cash deposit, as your superannuation will serve as your deposit. The caveat is that you cannot purchase your property in your own name and it can only be for investment purposes.

Alternatively, you can use the First Home Super Saver Scheme to help boost your savings for a house deposit.

5. Using Home Equity as a Deposit

There are lenders who will accept home equity as a deposit. If you already own a house and have built up enough equity, you can use that equity to apply for a home loan without having to supply a cash deposit.

You can access your equity by refinancing your existing loan or by applying for an equity loan. Lenders sometimes offer a cash rebate for equity deposit home loans on the Sunshine Coast, so ask a trusted broker for advice before applying.

Bank vs Broker: Which is Better for Sunshine Coast Home Loans?

When applying for Sunshine Coast home loans, who should you use? A bank, a non-bank lender or a mortgage broker?

A bank is what’s known as a direct lender. This means that they are a financial institution that originates, processes and funds loans themselves. Banks usually offer a range of products and services including everyday transaction accounts, savings accounts, personal loans, business accounts, business loans and credit cards.

A non-bank lender is a specialised mortgage lender that caters for special needs and circumstances. They are direct lenders, like banks, however, they generally do not offer other financial services like credit cards or savings accounts. This type of lender typically offers home purchase and refinance loans.

A mortgage broker is an accredited professional who works for the customer to find and secure the best home loan deal. They have a lending panel made up of multiple different banks and other financial institutions. They do not work for a bank or any particular lender and they generally do not charge the customer a fee for service.

Mortgage brokers offer expert financial advice and can provide access to a wide range of loan products from a panel of lenders. This allows them to compare all the available loans and then advise which product will provide the best fit for your unique financial circumstances.

A woman compares banks vs mortgage brokers on the Sunshine Coast
A man does online research for home loans on the Sunshine Coast

Is It Easier to Apply for Sunshine Coast Loans Through Your Own Bank?

Borrowers often wonder if it is easier to just apply for a home loan with their existing bank (after all, they already have all your details on file).

For those refinancing a home loan, if your current lender is definitely offering the best possible deal, then yes, the process can be fairly straightforward if you stick with your existing bank.

But for a first-time home buyer, you will still have to go through the same application process to get a mortgage from your current bank. They will have your banking records on file, but you’ll need to supply all the other relevant information that is required for a typical home loan application.

The downside to applying through your bank is that they won’t tell you about other options available from different lenders, so you may miss out on a better deal elsewhere.

To compare your current bank’s mortgage offer with others, you’ll need to:

  1. Research the market.
  2. Find out what other lenders have available.
  3. Approach them for their products and best deals.
  4. Accurately compare all the available loan products, factoring in interest rates, loan fees, loan structures and loan features.
  5. Determine which loan will offer the most competitive deal while still being the best fit for your needs.
  6. Apply for your preferred home loan and hope that the lender approves your application.

If you think this sounds like a lot of time and effort for somewhat uncertain results, then you’d be right! However, there is a way to simplify the above process – talk to an experienced broker.

A Sunshine Coast mortgage broker will be able to handle all of the above steps for you (they’ll even submit the paperwork on your behalf). Working with a mortgage broker is simple, effective and the best way to ensure you’re getting a competitive deal.

What are the Benefits of Using a Mortgage Broker for Home Loans Sunshine Coast?

If you’re starting to think about home loans, Sunshine Coast Financial Solutions are here to help. When you work with the brokers at SCF Solutions you gain access to a fantastic range of benefits, including:

Expert Guidance

Our brokers can provide expert guidance through the complex process of applying for a home loan. By providing personal advice tailored to your financial situation and goals, we can ensure you make informed decisions every step of the way.

Wide Range

At SCF Solutions, we have access to a vast network of lenders, including banks, credit unions and private lenders. This makes it easier for us to compare a range of products and identify the best loan options with competitive interest rates and suitable terms.

Save Time

With advanced industry knowledge and connections, our brokers can streamline the loan application process, saving you valuable time. We’ll take care of all the paperwork and communication with your lender and handle any potential hurdles that may arise.

Custom Solutions

We’ll assess your unique financial circumstances and preferences to match you with the most suitable mortgage products. Whether you’re a first home buyer, self-employed or have specific credit needs, we’ll find the loan structure that’s right for you.

Negotiation Skills

Our brokers will leverage their negotiation skills and industry expertise to secure favourable terms on your behalf, potentially saving you thousands of dollars over the life of your loan (thanks to lower interest rates, reduced fees or waived charges).

Special Deals

We often have access to exclusive deals and limited promotions offered by lenders. This allows you to capitalise on special incentives such as discounted rates, cashback offers or waived application fees that may not be available to the general public.

Ongoing Support

We’ll be available to provide ongoing support and assistance even after your loan is approved. Your broker can help you navigate any changes in your financial situation and assist with refinancing the loan or borrowing again in the future.

Less Stress

By managing the complexities of the mortgage application process and acting as your advocate, our brokers can alleviate a lot of the stress and uncertainty associated with home loans. You’ll have peace of mind knowing that you’re in capable hands.

Should I Use a Mortgage Broker on the Sunshine Coast?

A couple stand next to the 'Sold' sign of the property they just bought with the help of a Sunshine Coast mortgage broker

Many borrowers wonder if they should use a local mortgage broker on the Sunshine Coast when applying for a home loan. The short answer? Yes.

What are the benefits of using a local broker?

1. In-Depth Market Knowledge

Local mortgage brokers have a deep understanding of the regional real estate market, including local trends and property values, allowing them to provide tailored advice based on your specific location.

2. Personalised Service

A local broker can provide one-on-one consultations, taking the time to understand your unique needs and preferences.

3. Established Relationships

Local brokers often have established relationships with area lenders, real estate agents and other professionals involved in the home buying process.

4. Accessibility and Convenience

Being local means you can have face-to-face meetings, providing a level of convenience and accessibility that may not be possible with remote brokers, especially when discussing sensitive financial matters.

5. Community Connection

Local brokers are invested in the community and its residents, often participating in local events and supporting small businesses, fostering a sense of trust and accountability within the community.

6. Navigating Local Regulations

A local broker will be well-versed in any regulations and government programs that may impact your home buying journey, ensuring compliance and helping you take advantage of any available incentives or assistance programs.

What is the Best Interests Duty?

You can guarantee that your Sunshine Coast mortgage brokers will always act in your best interests. How? Because a broker is governed by Best Interests Duty Legislation

The Best Interests Duty is a statutory obligation requiring mortgage brokers to work in the best interests of consumers (that’s you) and to prioritise your interests when providing you with credit assistance (this comes under our conflict policy rule).

It was put in place to ensure that the consumer’s expectations and interests are aligned with the interests of the mortgage broker helping with their finance.

To ensure compliance with these guidelines, we take the time to understand your personal circumstances, your finances and your ability to repay a home loan as well as your lifestyle goals. We then match you with a lender and home loan product that ticks all the right boxes for your situation.

A couple look confident and happy as they meet with a mortgage broker on the Sunshine Coast.
A happy couple celebrate their Sunshine Coast home loan being approved

What Does the Best Interests Duty Mean for You?

All qualified mortgage brokers operate under Best Interests Duty. However, this legislation does not apply to banks. 

This means there is no legal requirement for a bank to work in your best interests when you approach them directly. They don’t have to legally assess your circumstances and ensure they are giving you the best option to suit your needs. They certainly don’t have to tell you if another lender is offering a better deal.

As trusted home loan brokers, we are legally bound to assess your finances and act in your best interests when we recommend a home loan solution to you. We have a large panel of lenders available in order to make the ideal match happen for you.

Thanks to Best Interests Duty, you can trust your mortgage broker to tell you the truth. You won’t have to worry about ulterior motives or wonder why they’re recommending a particular lender or loan product. You’ll have total peace of mind that they’re recommending the best home loans to suit your specific needs.

A Leading Mortgage Broker: Sunshine Coast Financial Solutions

If you’re researching home loans, Sunshine Coast Financial Solutions are here to help. Our talented mortgage brokers will assess your current and future financial plans to ensure you get the best loan possible for your unique situation.

We start by listening: listening to your needs, your goals and your concerns. We’ll take into account your preferred level of risk, as well as your future earnings and professional goals. All of these considerations are critical in securing a loan that not only allows you to acquire this home, but that also allows you to meet your financial obligations in the future without incurring additional fees, expenditures or restrictions.

You can chat with our brokers for help with all your home loan needs, including home buying, investing and refinancing. Ready to start applying for home loans on the Sunshine Coast? Contact Sunshine Coast Financial Solutions today for some expert advice.

What our Clients Say

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I’ve recently had the pleasure of working with the team at Sunshine Coast Financial Solutions to secure a new mortgage. Throughout the entire process, communication was clear, professional & friendly. I was kept up to date and was well informed every step of the way. I wholeheartedly recommend Sunshine Coast Financial Solutions to anyone in need of expert mortgage advice & assistance.
This is the 3rd time we have used SCFS, this time for an investment property and refinance overall.Chris advised us to what our best options were taking into account taxable nature of investment and how best we structure between that and our owner occupied.The team at SCFS found us a much better rate overall and have infact reduced our monthly payments.Chris and team (Adam, Darryl, Shanina) keep you updated every step of the way and make the process seamless and easy even when we have had more complicated lending requirements.We have had the pleasure of referring several of our friends to SCFS who have been equally impressed. We are based in NSW, and absolutely no issues being in a different state.If you are after a personal service, and one that continues to proactively manage the best deal for you ongoing this team will look after you.
Very helpful team with excellent communication throughout the whole process. Would definitely use again and highly recommended!
The team was friendly and very easy to deal with. They made the process of getting a loan easy by walking us through every step.
The experience we had with Sunshine Coast Financial Services was incredible. They were professional, knowledgeable and reassuring from the start of our house purchasing journey right to the finish.Apart from all the team, we were lucky enough to have Daryl Hermann assisting us.He was so positive, helpful, encouraging and always happy to answer any questions that I had and there was plenty….Thanks to SCFS we are now the proud owners of a home we could only have dreamt of.Without a shadow of doubt I would highly recommend anyone looking to purchase a home to give these guys a call.I know I certainly will when I choose to purchase another property.
Easy to deal with, happy with the results
Very supportive, available, thorough and professional- highly recommend.
My partner and I were super keen to get into the property market and reached out to Chris and his team as a result from reading these outstanding reviews and they did not disappoint. The team have been nothing but transparent throughout every process of building our first home and answered all our questions in record time. Thank you for your continuous support! Anyone needing assistance needs to look no further then SCFS! If I could put 10 stars I would.
Just wanted to thank Chris Wilson and Tracey Butler for looking after me again with my home loan. My fixed rate is expiring soon. Weeks ago Chris contacted me to discuss my options, the process and a plan of attack.Tracey diligently stepped in right on cue and executed the plan with a superb outcome. A better than expected interest rate, not just for now but for the future of my home loan. I couldn't be happier.This team makes you feel like they step into their customers shoes as if it was their own home loan. They strive to do everything they can for their customers and in such a friendly and professional manner. Thank you again Chris and Tracey.
Efficient, helpful and honest advise. Highly recommend
What a treat it was to work with Chris and his team, they are extremely professional and we're able to find me a much better deal on my home loan. I'm now saving thousands each year! I couldn't recommend him highly enough 👍
Sunshine Coast Financial Solutions worked magic for this first home buyer. The home-buying process is very daunting for newcomers, when searching for your dream home it's hard to know the usual steps and who to trust. Chris and Adam from SC Financial Solutions provided professionalism and attention to detail each step of the way, helping to relieve stress and bring peace of mind knowing we were in safe hands throughout this life changing decision. I'll recommend SC Financial Solutions to everyone searching for an award-winning knowledgeable, reliable and responsive brokerage team.
This new homeowner is thrilled to leave a review for Chris and his colleague Adam at Sunshine Coast Financial Solutions. These mortgage wizards worked their magic on a loan for me, comparing all leading banks of Australia, with a great result. Their efficiency and advice meant I could make a fast and easy settlement. Chris and his team have made our first home buying experience so much easier.If you need a mortgage, I couldn’t recommend enough🌞🏡 Sunshine Coast Financial Solutions 🌞🏡
Excellent service, fast and efficient. I have been using the SCFS team for years and recommend them to anyone for finance solutions. You lean back and relax while they do the hard work and find you the best deal. Very happy 😊
Today is approval day something I did not think I would be doing in this day and age with how life has been but thanks to the team at SCFS it's all been made possible and easy couldn't recommend a greater team, will definitely be using them for my next few houses
I've been using Sunshine Coast Finance for a number of years over which time they have taken care of the finance for 3 properties, I can't recommend them enough.
On behalf of my wife and I, We highly recommend Chris and his team for your financial needs. They made our process feel smooth and enjoyable, and we will definitely be returning in the future for their services.
My husband and I have worked with Daryl for a while now and the experience has been nothing but beyond exceptional. The work he puts in to help us is incredible. We would be lost without his expertise and guidance. We couldn’t recommend Sunshine Coast Financial Solutions more highly.
It was the first time for me to buy a house. I really had no idea how complicated it is. The Sunshine Coast Financial Solutions team support was amazing; they took care of everything and negotiated a very convenient interest rate. The communication was also fantastic. Great result with a minimum effort. Highly recommended
Absolutely amazing service. From start to finish the communication was 100%. We were kept up to date throughout the entire process and always felt supported. Daryl was so easy to talk to, responded to every question we had and I cannot thank him enough, we really appreciate all that he did for us. I will not hesitate using their service again in the future and have passed on their details to friends! Thankyou again for everything!
Excellent professional and friendly service, excellent communication, kept us informed throughout process. Highly recommend
The team at scfs are awesome. Thank you so much for making my home refinance a breeze. I've been asked by few people now, how I got this so quickly. I said "my broker is the gun". Thank you so much Chris, Shanina, Adam, Daryl and Tracey, for all your hard work, and dealing with me. Definitely 5 stars👍
I highly recommend Chris and his team @ SCF Solutions to anyone going through a divorce or any other life transition that involves financial decisions.Chris’s expertise, practical approach, and easy-going nature provided the clarity I needed to make informed decisions about my financial future. Chris’s open and honest manner empowered me with a strong understanding of my financial position and lending capability which eased the burden associated with the division of the matrimonial home. He treated me like a priority and provided valuable guidance and support every step of the way as I navigated through an emotionally challenging time.Communication during critical times in the process such as loan approval and settlement was outstanding, even when this fell over the Christmas/New Year period. Someone from his team was always available to answer any questions or concerns and provide reassurance when needed.Second time I have engaged Chris over the past 8 years, and I can proudly say I will remain a lifelong customer!If you want the best possible mortgage to suit your specific financial situation then you can’t go past Chris and his team.
Chris and his staff members are always very helpful and informative.
Another brilliant experience with the SCFS team. Excellent from start to finish - thanks so much Chris and the team 👍
Excellent, thank you
My partner and I had Jo and Shanina from SCF help us with our home loan, everything was quick and effortless which is what we wanted. Highly recommend them!We also just had a 1 year review from Tracey and she ensured we were still getting the best rate 🙂
Chris and his team have helped me again to buy a property which was a stress free and quick process. I have complete trust in Chris and would highly recommend his business.
Chris and the team have been very helpful throughout the process keeping me informed every step of the way.SCF saved me lots of money from my current loan and will keep an eye on it from now on.Well done team
Adam and the team made our process super easy and they were very helpful. Would definitely recommend them ☺️
Chris and his team made financing our new home purchase a smooth process that left nothing to chance. With his support we were able to confidently bid on and secure our dream home and he made sure we had the very best deal we could achieve in record time.Chris coached us through each step and was always available to answer our questions and provide guidance when we needed it.Overall his team is professional, friendly, helpful and always approachable.We couldn't have achieved the result we did without his help and we would definitely use his services again.We can thoroughly recommend Sunshine Coats Financial Services and Chris Wilson to anyone looking to arrange their finance. You won't be disappointed!
Chris & the team have been fantastic from start to finish. Patient, professional & supportive throughout the whole property purchasing journey. They have gone above and beyond to help me into a property, I am very happy with my experience from start to finish. I can’t speak highly enough of their transparent and professional approach.
Once again, Chris and the team at SCF have provided us with excellent service. They are professional, efficient and always available to answer questions and concerns. We would highly recommend them.
I recently purchased my home using the SCF Solutions for my financial needs, and I must say that I had a fantastic experience. The person who handled all my transactions on my behalf, Daryl Hermann, was extremely meticulous and efficient. His attention to detail and promptness in completing all the necessary tasks left me truly grateful. I highly recommend SCF Solutions for anyone in need of financial services. Thank you, Daryl, and the entire team at SCF Solutions for your outstanding support!
Chris and his team were absolutely fantastic.Clear and transparent from the start, SCF made the experience of buying our home seamless.Highly recommend SCF for your lending solutions.
So much thanks to Chris and the team at SCFS. We had a very difficult and compressed settlement subject to many finance extensions. The whole way through the journey the whole team were absolutely professional and got us into our new home.I Very highly recommend there services toAll.Your sincerelyCraig Jenkins & Katherine Thompson
Adam and the team at SCF have been fantastic in finalising my re-finance. Adam provided insightful knowledge on lenders that would be more suited to my situation and the best avenues to go forward with. He achieved my expected result within a really short timeframe. No question was too silly. Can’t recommend Adam enough.
The team were amazing to work with. They made the process so easy, kept us updated on the process and gave us multiple options to achieve our goals. Couldn’t recommend them enough!!
Chris and the team make it so easy and hassle free. Cannot recommend them highly enough and wouldn't use anyone else apart from them.
Chris is very professional and always does everything to help us out!
Chris and the team were fantastic in helping us get our mortgage for our first home in Australia. They helped us through the process and were supportive, attentive and helpful throughout the entire process. I would heartily recommend SCF!
Chris was great to deal with, straight to the point and got what we needed done. Explains everything you need to know in detail.Extremely happy with the outcome 👌🏻
I am a repeat client of Chris and his team. In every experience I have had has been 100% positive. Chris and his team do everything possible to make every step through the process explained and run smoothly. I highly recommend anyone looking to finance or refinance to talk to Sunshine Coast Financial Solutions.
the scfs team were fantastic from start to finish in getting my new loan. Nothing was a problem for them. Getting everything sorted very fast. Very fast replies and always keeping you updated.I can't recommend daryl and the team enoughThanks again
Chris, Shanina and the rest of the team were so super helpful, understanding and really got the best rate for me! Not only that their communications were so clear, consistent and they were always available for help and advice! Would highly recommend to anyone!! Thank you team!!
SCFS have assisted us with brokerage a few of times now and Chris, Matt, Shanina and the team have been fantastic every time!