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First Home Buyer

Support and lending solutions to help you purchase your first home with confidence

What is First Home Buyer Finance?

First home buyer finance helps individuals purchase their first property by providing access to suitable loan options, guidance on deposit requirements and support through lender processes. Government incentives may also assist eligible buyers depending on location and circumstances.

Key Things To Know

Understanding the key steps before purchasing your first home can help you make informed decisions and feel more confident throughout the process

Different Loan Options

Different lenders have different lending policies, interest rates and loan features, like offset accounts, redraw facilities, and fixed or variable interest rates.

Understanding the options available can help you find a home loan that's better suited to your needs and financial goals.

Borrowing Capacity & Deposit

Before applying for a home loan, it's important to understand how lenders calculate borrowing capacity, how much deposit you'll need, and the upfront costs involved in purchasing a property.

For an initial estimate, you can use our free Calculator as a preliminary guide.

Borrowing Calculator

Grants & Concessions

Eligible first home buyers may have access to government grants, guarantee schemes and stamp duty concessions.

These can help reduce upfront costs and make entering the market more accessible.

Pre-Approval

In a competitive market, many vendors prefer offers from buyers who already have pre-approval.

Obtaining pre-approval can also provide greater certainty around your budget before you begin inspecting properties, helping you buy with confidence.

Obtaining Pre-approval

In a competitive market, many vendors prefer offers from buyers who already have pre-approval. Obtaining pre-approval can also provide greater certainty around your budget before you begin inspecting properties, helping you buy with confidence.

Available Loan Options

Different lenders have different lending policies, interest rates and loan features, like offset accounts, redraw facilities, and fixed or variable interest rates. Understanding the options available can help you find a home loan that's better suited to your needs and financial goals.

Grants and Concessions

Eligible first home buyers may have access to government grants, guarantee schemes and stamp duty concessions. These can help reduce upfront costs and make entering the market more accessible.

Borrowing Capacity & Deposit

Before applying for a home loan, it's important to understand how lenders calculate borrowing capacity, how much deposit you'll need, and the upfront costs involved in purchasing a property.

For an initial estimate, you can use our free Calculator as a preliminary guide.

Borrowing Calculator

Factors Lenders May Consider

Every lender has different assessment criteria, however there are several common factors that are typically considered when assessing a first home loan application, including:

Income stability and employment type
Deposit size and savings history
Credit history and financial commitments
Eligibility for government schemes
Property price and location
Overall lender serviceability criteria

If you'd like to explore your First Home Buyer options, obligation free, please get in touch.

Lending criteria, fees, charges and eligibility requirements vary between lenders. All applications are subject to individual assessment and lender approval.

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