We are Sucasa. We are a small team on a mission to achieve big things in the home lending space. With unprecedented growth in property prices, saving the full 20% deposit required to buy a home has become almost impossible for young Australians.
In fact, 75% of first home buyers currently need to pay for costly Lenders Mortgage Insurance (LMI) because they are unable to save the full 20% deposit.
We, like many others, see the underlying problem with LMI. While it protects the lender, the customer is left with no real options other than to pay the fee and have significantly less money available for their property purchase. Otherwise, they must wait (up to 10 years) to save the full 20% deposit, leaving them locked out of the housing market, paying rent, and likely rendering it impossible for them to ever truly ‘catch up’ to those that were able to get in earlier.
What if there was another option? Enter Sucasa | Low Deposit Home Loans. We are here to help make your home ownership dreams a reality sooner. No LMI. No application or ongoing loan fees. Just a ‘fair go’ home-loan for young Australians so you can have somewhere to call ‘Mi Casa.’
