Are Sucasa's low-rate home loans too good to be true - offering professional a 98pc lvr with no lmi?

I was speaking to my nephew and wife - 2 successful high income  earners with 2 kids - about the affordability of buying their own property to live in! 

The graph below shows that the average house cost nine times the average salary in 1990. That ratio shot past 16-times the average salary in 2021 and has stuck there ever since. 

The First Home Buyers Assistance have alleviated some of the pressure for homes up to $1m - the exceptionally high assessment criteria makes it nigh impossible for a professional couple with no bomad (bank of mum and dad ) to afford a desired home 

Enter SaCUSA founded by  Mario and  Marian Emmanuel  and Adam Trouncer and who has teamed up with David Ewens as head of distribution and Paul Coloe as head of credit and underwriting. 

They have a small but mighty team leveraging technology to provide loans with affordable  rates, low upfront fees and no LMI - but it does charge a risk fee! 

“We're trying to give great loans to great borrowers,” says Mario . 

So who is the target market? 

Professionals looking to buy a house within their income bracket, but don’t have a spare $200,000 kicking around to make it happen. 

The key is to get distribution via brokers - the majority of whom use a few aggregators - and have recently been added to the LMG loan market panel ! 

So , if you are a Professional looking to buy a house within their income bracket, but don’t have a spare $200,000 kicking around to make it happen - give me a ring at BSI Finance :)