Home Loans for First Home Buyers

Buying your first home comes with a lot of unfamiliar terms and decisions. We'll walk you through what lenders look for, what government support you may be eligible for, and how to get loan-ready before you start inspecting properties.

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What to Consider

How much deposit you actually need, including the difference between a 20% deposit and paying Lenders Mortgage Insurance (LMI) on a smaller one.
Whether you may be eligible for first home buyer schemes or stamp duty concessions in NSW — eligibility rules change, so we'll check what currently applies to your situation.
How lenders assess 'genuine savings' and what that means for your deposit.
Getting pre-approval before you start making offers, so you know your realistic budget.

Frequently Asked Questions

How much deposit do I need as a first home buyer?

It depends on the lender and the property, but most lenders prefer at least a 5-20% deposit. A smaller deposit is often possible, though you may need to pay Lenders Mortgage Insurance. We can run the numbers for your specific situation.

Can you help with government first home buyer schemes?

Yes. We keep across current federal and NSW state schemes and concessions and can tell you which ones you may qualify for as part of your application.

Other Home Loan Situations

Home Loans for Property Investors Home Loans for Refinancers Home Loans for Self-Employed Borrowers