FIRST HOME BUYER LOANS - BORROW UP TO 100% OR MORE
You can borrow up to 100% of the value of the property and sometimes up to 106% - but you have to watch out for higher costs, fees and interest rates!
Generally, as a First Home Buyer you will need at least a minimum deposit of 3% of the purchase price of the property you want (even if you obtain a 100% home loan). The reason is because of the high cost of Lenders Mortgage Insurance at this level.
See our Lenders Mortgage Insurance fact sheet in our Info Centre for more information on this point.
We know you don't have the time to scrutinise the hundreds of home loan products on the market, so we do it for you.
MORE SPECIALISE IN HELPING FIRST HOME BUYERS!
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We can and will handle ALL your needs as a First Home Buyer.
As a first home buyer it’s a good idea to arrange pre-approval for your loan before you go house hunting to reassure real estate agents that you are a serious buyer. Ask your lending consultant about this.
Did you know that some lenders may allow you to borrow more than others? Each lender has their own lending policies and criteria meaning they each calculate the amount of money they will lend you differently. The advantage of speaking to your consultant is that they can tell you the maximum you can borrow from each lender.
WHERE DO YOU START?
Use our Loan Calculator for an estimate of how much you can borrow and calculate your loan repayments. Also, it is best you find out information about the First Home Buyers Grant or the stamp duty exemption for your state.
Make sure you also check out our fantastic First Home Buyers Package or alternatively, simply make an Free Mortgage Home Loan Enquiry Now!
Making an online enquiry is the best way for us to help you get that first dream home. If you have read our Fact Sheets and think you are eligible, then wait no longer, enquire now.