• First Home Buyers

     

    🏡 First Home Buyers – Don’t Have a 20% Deposit? No Problem!

    You can now buy your first home with just a 5% deposit – and pay no Lenders Mortgage Insurance (LMI), thanks to the First Home Guarantee Scheme.
     
    I’ve been a qualified mortgage broker since 2012, with a strong focus on helping first home buyers navigate the market and access government schemes like the First Home Guarantee. Just like you’d choose a lawyer who specialises in family law over a corporate lawyer, it’s just as important to work with a mortgage broker who specialises in first home buyers — because not every broker has the same level of expertise in this area.
     
    ✅ No LMI 
    ✅ No Stamp Duty upto your states threshold
    ✅ Just 5% Deposit
    ✅ Limited Spots Available – Apply Now
     
    Eligibility and lending criteria apply.

    Who is eligible?

    Home buyers need to meet a range of eligibility criteria to qualify for the Home Guarantee Scheme. These depend on the type of Guarantee, and include the following:

    • Citizenship – be an Australian citizen(s) or permanent resident(s)
    • Income – have taxable income at or below $125,000 (individual applicants) or $200,000 (joint applicants), shown on the ATO Notice of Assessment (NOA) for the previous financial year
    • Deposit – minimum 5% (First Home Guarantee or Regional First Home Buyer Guarantee) or 2% (Family Home Guarantee) of the Property Value
    • Property ownership – for the First Home Guarantee or Regional First Home Buyer Guarantee, must be a first home buyer or a home buyer who hasn’t owned a property in Australia in the last 10 years at the Home Loan Date*. For the Family Home Guarantee, they must not have any other property interest once their new home settles
    • Owner-occupier – be buying or building a residential property to live in (investment properties are not eligible)
    • Loan type – owner-occupier home loan with Principal and Interest repayments from a Participating Lender, up to 30 years (plus up to three years to build a new home)
    • Applicant type –  for the First Home Guarantee and Regional First Home Buyer Guarantee, home buyers can apply as an individual or jointly (maximum two applicants) with a partner, friend, or family member. For the Family Home Guarantee, they must be a single parent or single legal guardian of one or more dependent children
    • Minimum age – home buyers must be at least 18 years old.

    Curious how much you could be pre-approved for?

    Meet the criteria above? Fill out the form and I’ll send you a tailored borrowing estimate – based on your income, deposit, liabilities, and purchase location.
    Free service. No obligation. Response within 24 hours.

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