No Deposit Home Loans Many years ago before the GFC, if you had no deposit, it was possible to borrow 100 percent of the cost of a new house. In some cases you could borrow 110 percent to cover the stamp duty and legal costs as well. This was all done using just the house being bought as security. Times have certainly changed since then. The first home owner grant was available on all homes being bought and life was generally good. Since the GFC, lenders don’t offer such loans. However if you want to buy a home and have no deposit then there is still one option that might…