First home buyers
Saving for, buying and paying off your first home can feel like a big step. It’s definitely worth it, and you don’t have to work it all out on your own.
Pauline and Derek will explain how much you can borrow, which grants and schemes you may be eligible for, and what you’ll need to save. Then we compare loans, get you pre-approved and guide you all the way to the keys.
Help with the costs
There are a few government programs designed to help first home buyers. We’ll check which ones you’re eligible for and how they can work together.
A Victorian grant for eligible first home buyers buying or building a new home.
Eligible first home buyers in Victoria may pay no stamp duty, or less stamp duty, depending on the price of the home.
An Australian Government scheme that can help eligible buyers into a home with a 5% deposit and no Lenders Mortgage Insurance.
A family guarantee lets parents use equity in their own home to help you buy sooner.
How it works
Tell us about your income, savings and the kind of place you’re after.
We work out what you can borrow and which grants and savings apply.
House hunt with confidence, knowing exactly what you can spend.
We look after the loan side all the way through to settlement.
Instant loan compare
Know the costs
Lenders usually want a deposit of between 5% and 20% of the purchase price, plus enough to cover upfront costs. These can include stamp duty (if it applies), conveyancing, building and pest inspections, loan fees and moving costs.
If your deposit is under 20%, you may need to pay Lenders Mortgage Insurance, unless you use a scheme like the 5% Deposit Scheme or a family guarantee.
We’ll give you a clear picture of the full cost before you start making offers.
Other ways we help
Pre-approval, bridging finance and taking your loan with you to your next place.
Rates have gone up. We’ll check whether there’s a better deal out there for you.
Buy, build or refinance a shop, office, factory or investment property.
Pauline has been SEQUAL accredited since 2008 and explains reverse mortgages in plain English.
Finance for the family car, the ute, the tinnie or the gear that keeps your business moving.
what people say
Questions
It depends on the lender and your situation. Many lenders look for 20%, but with the 5% Deposit Scheme or a family guarantee you may be able to buy with much less. We’ll show you your options.
In Victoria, the grant is for eligible first home buyers buying or building a new home, up to a price limit. We’ll check whether you qualify and include it in your plan.
Eligible first home buyers may pay no stamp duty or a reduced amount, depending on the value of the property. We’ll work out what applies to you.
Pre-approval is a lender’s conditional OK on how much you can borrow. It helps you set your budget and shows agents you’re ready to buy.
Yes. A family guarantee lets a family member use equity in their home as extra security for your loan, which can help you avoid Lenders Mortgage Insurance and buy sooner.
Every purchase is different. Getting pre-approved first means you can move quickly when you find the right place, and we’ll keep things moving through to settlement.
Make the most of what you have
Ready to buy your first home? Talk to us today.
