First home buyer
Find out more or get pre-approved today!
Buying your first home is an exciting journey, and we’re here to help make it a smooth one.
Our first home buyer loans come with expert guidance and competitive rates, ensuring you find the perfect financing solution to secure your dream home.
Find out more or get pre-approved today!
Key Features :
Deposit Requirements
First-time home buyers may access loans with lower deposit requirements, sometimes as little as 5% of the property value.
Government Schemes
Various government incentives, such as First Home Owner Grants or stamp duty concessions, can reduce upfront costs.
Varied Loan Amounts
Depending on your business’s credit history and the lender’s criteria, loans can range from small sums to substantial amounts.
Loan Options
A range of mortgage products are available, including fixed-rate, variable-rate, and split-rate loans, catering to different financial situations and preferences.
Lenders Mortgage Insurance (LMI)
Required for deposits less than 20%, LMI protects the lender in case of default but adds to the loan’s cost.
Considerations :
Affordability
Assess your budget to determine how much you can realistically afford to borrow without overstretching your finances.
Additional Costs
Factor in other expenses associated with buying a home, such as conveyancing fees, building inspections, and moving costs.
Interest Rates
It’s important to investigate the interest rates available and compare them across different loan products to find a competitive rate that suits your budget.
Loan Features
Look for loan features that offer flexibility, such as the ability to make extra repayments or access to offset accounts.