It's very difficult to do this, since the lender will usually insist on some kind of deposit, even if you pay Lenders Mortgage Insurance or persuade your parents to guarantee a part of your loan. They will want to be assured of your creditworthiness and ability to service the loan, and if you have no money and no history of saving for a deposit it's unlikely that you will be approved for an investment loan. However, there are still some lenders who might be willing to approve a loan to borrowers with little or no savings if they can access a First Home Owner Grant.