- Sucasa is ideal for high-income couples with smaller deposits who want to buy a larger home or investment property without paying full Lenders Mortgage Insurance (LMI). It’s especially helpful for buyers who don’t qualify for government-backed 5% deposit schemes.
- Top 3 reasons to choose Sucasa:
– Borrow up to 98% LVR for home or investment purchase with competitive rates
– Risk fee is added instead of LMI – typically lower than traditional LMI
– Helps borrowers who don’t qualify for first home buyer schemes or have higher purchase price targets - Key drawbacks to consider:
– Risk fee still adds to upfront costs (even if lower than LMI)
– Interest rate and total loan cost can be higher than traditional 80% LVR loans
Who Is Sucasa?
Sucasa is a digital-first, non-bank lender focused on helping Australians with strong income and stable employment enter the property maket, even with smaller deposits. Their mission is to reduce deposit barriers without resorting to full LMI, allowing buyers to get in the market faster.
While they are not one of the big banks, Sucasa operates with secure funding and a unique structure that gives borrowers flexibility. Their approach suits borrowers who don’t meet government-scheme criteria, have higher price targets (over $1.5 million), or who are no longer first home buyers, such as those recently separated or on visas.
Sucasa Home Loans Customer Reviews
Sucasa really sets the standard for modern lending. Everything can be done online, yet you still get that personal touch from their amazing team. Glen and Mario were both easy to reach, professional, and always willing to explain things in detail. We managed to secure a great rate on a 95% LVR loan, which gave us the flexibility to buy in the suburb we wanted. Highly recommend giving them a call if you’re thinking about buying soon.
Aaron Levi
After dealing with constant delays and changing requirements from another lender, we decided to switch to Sucasa and it was the best decision we made. Lauren took over our file, reviewed everything, and got us approved within days. The digital process was straightforward, and the communication was exceptional. We’re now settled in our new home, and we owe it all to the Sucasa team.
Rebecca Swill
I’m a mortgage broker and have started sending several clients to Sucasa over the past few months. Their turnaround times are excellent, their rates are sharp, and they’ve been extremely supportive on deals that the big four simply wouldn’t consider. It’s refreshing to have a lender that genuinely helps high-income clients with low deposits. They’re quickly becoming one of my go-to options for 90–95% loans.
Chris D
As a first home buyer, I had no idea where to start. Thankfully, Lauren from Sucasa guided me through the entire process with patience and warmth. She made sure I understood every form and figure before signing anything. What stood out most was how responsive the whole team was. I never had to wait long for an answer. I now recommend Sucasa to anyone who asks me how I finally bought my first place!
Amelia Tran
I had such a great experience refinancing through Sucasa. My old bank made everything complicated, but with Sucasa, the process was fast and efficient. Their risk fee was far cheaper than the LMI I would’ve paid elsewhere, and the interest rate was competitive too. I appreciate how transparent they were about everything. no surprises, just honest, straightforward service.
Daniel Kirkby
Sucasa deserves more recognition. I’ve dealt with the big banks for years and never once felt like a priority. With Sucasa, it was completely different. Mario and the team made me feel like a valued customer, not just another number. The digital application was seamless, and every step was communicated clearly. Settlement was on time and stress-free, something I’ve never experienced before!
Hannah Collins
I was skeptical at first, it almost sounded too good to be true that I could borrow 98% and still get a great rate. But Sucasa proved me wrong. Their team is efficient, friendly, and genuinely understands how hard it is for young families to break into the property market. Lauren in particular went above and beyond to keep me informed and calm throughout. So grateful for the experience.
Mitchell Rutherford
Excellent experience from start to finish! I worked mainly with Sarah and Edgar, both were professional, responsive, and truly invested in helping me achieve my goal. Every question I had was answered clearly, and they were quick to follow up whenever documents were needed. The rate I got was also much better than what my bank offered me, even with a higher LVR. Definitely five stars from me!
Priya Singh
I can’t recommend Sucasa enough. My partner and I were struggling to find a lender who would look at our application with a smaller deposit. Then we found Sucasa, and everything changed. Their 95% loan product gave us the boost we needed without having to pay massive mortgage insurance. A special shoutout to Mario, who made what could’ve been a stressful process genuinely enjoyable.
Tom Burner
Working with Sucasa has been an absolute pleasure. From my first enquiry to settlement, the process was smooth, transparent, and surprisingly fast. Lauren walked me through every stage and was incredibly patient, explaining all the technical stuff in simple terms. I had spoken to a few banks before but none offered this level of communication and care. Thanks to Sucasa, I’m now a proud homeowner far sooner than I ever thought possible.
Jessica Nguyen
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Types of Sucasa Home Loans
Sucasa focuses on a specialised loan structure designed for high-LVR borrowers who don’t qualify for government deposit schemes:
98% LVR Home Loans
- Borrow up to 98% owner-occupied or investment properties
- Interest rate at the time of writing is 5.64% (variable) for owner-occupiers and 6.04% (variable) for investors
- No application, ongoing or annual fees
- Fast approvals
Refinance Loan
- Cash out up to 98% LVR
- Available for owner-occupiers and investors
- Competitive interest rates at the time of writing: 5.64% for owner-occupiers and 6.04% for investors
- Debt consolidation available
Sucasa Home Loans Interest Rates & Fees
- Interest Rates: Currently 5.64% for owner-occupiers and 6.04% for investors (variable, subject to change)
- Comparison rates: Currently 6.03% for owner-occupiers and 6.48% for investors (subject to change)
- Risk Fee: Added to loan instead of LMI - lower upfront cost than typical mortgage insurance
- Other Fees: No application fees, ongoing fees or annual fees
- For the latest Sucasa interest rates and fees for your personal circumstances, speak to a mortgage broker for FREE guidance. They can also help you compare Sucasa home loans with over 70+ other banks and lenders to ensure you are getting the best deal.
Key Features of Sucasa Home Loans
- Borrow up to 98% LVR – whether for your own home or an investment property
- No LMI – instead, a single risk fee is applied
- Competitive interest rate for high-LVR lending
- Suitable for those who don't qualify for First Home Buyer assistance, investors, or those buying properties over $1.5M
- Digital application process with minimal friction
Pros & Cons of Sucasa Home Loans
Pros:
✅ Get into the market quickly, by borrowing up to 98% LVR
✅ Risk fee is lower than traditional LMI
✅ Available for both home and investment purchases
✅ Good alternative for borrowers excluded from government schemes
✅ Competitive interest rates and fees
Cons:
❌ Risk fee adds to your loan balance
❌ Not yet a major brand – fewer support services than big lenders
❌ No offset account, but they do have free online redraw
Is Sucasa a Good Lender?
Sucasa is a solid option for borrowers who have high income and good credit, but lack the 20% deposit typically needed to access the best rates or avoid LMI. It works particularly well for:
- First Home Buyers of properties over the $1.5M cap
- Visa holders and others who don’t qualify for First Home Buyer schemes
- Those who are purchasing investment properties
Sucasa's simple 98% loan structure makes them competitive with many banks and other non-bank alternatives, but with fewer hoops to jump through.
How to Apply for a Sucasa Home Loan
Sucasa home loans are available via:
- Online application through the portal on their website
- Accredited mortgage brokers (recommended since you receive free support and guidance)
Documents typically required:
- Photo ID
- Income evidence (payslips, tax returns)
- Bank statements and liabilities
- Proof of deposit
- Property contract if applicable
Application process:
- Gather documents: ID, income, bank statements, deposit
- Apply online directly through Sucasa or with an accredited broker
- Pre-approval generally within 1–3 business days
- Loan assessment includes credit check and risk fee calculation
- If approved, sign contracts and proceed to settlement
Need Help Comparing Sucasa to Other Lenders?
At Eden Emerald Mortgages, we specialise in comparing niche lenders like Sucasa to help you unlock more options. Whether you're buying a home to live in, or investing as part of your portfolio, we’ll help you decide if Sucasa's loan structure is right for your situation. If there are better options, we can guide you to them, as we work it over 70+ lenders including the big banks.
Our services are 100% free for you, (we are paid a commission by the lender), so there is no downside to getting in touch with us.
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