First Home Buyer Loans
Your journey to homeownership starts here. We specialise in helping first home buyers secure the right loan, access government grants, and navigate every step with confidence.
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Your Trusted Partner for First Home Loans
Buying your first home is one of life’s most exciting—and sometimes overwhelming—milestones. Our team is dedicated to making the process simple, transparent, and tailored to your needs. We’re local experts in Adelaide and Salisbury, with a proven track record of helping first home buyers achieve their dreams.
- Personalised advice and support from start to finish
- Access to exclusive first home buyer loan products
- Guidance on government grants and deposit schemes
- Ongoing support even after you move in
What is it?
What is a First Home Buyer Loan?
A first home buyer loan is a mortgage designed for people purchasing their first property. These loans often come with special features, lower deposit requirements, and access to government support to help you get into the market sooner.
You may be eligible for additional benefits, such as reduced stamp duty, government grants, and schemes that make homeownership more accessible.
Eligibility
Who Can Apply?
- You (and your partner, if applicable) must not have previously owned property in Australia
- Must be an Australian citizen or permanent resident
- Must be purchasing or building a new or established home to live in (not as an investment)
- Meet lender’s income, credit, and deposit requirements
- Property value must be within scheme/grant limits
Eligibility for government grants and schemes may vary—ask us for a personalised assessment.
Government Support
Government Schemes & Grants
First Home Owner Grant (FHOG)
A one-off payment for eligible first home buyers purchasing or building a new home. In South Australia, the FHOG is up to $15,000 for new homes valued up to $650,000. Conditions apply.
First Home Guarantee (FHBG)
Allows eligible buyers to purchase a home with as little as 5% deposit, with the government guaranteeing up to 15% of the property’s value—so you can avoid paying Lenders Mortgage Insurance (LMI).
Stamp Duty Concessions
First home buyers may be eligible for reduced or waived stamp duty, depending on the property value and location. We’ll help you understand what you qualify for and maximise your savings.
Other Support
There are additional schemes for single parents, regional buyers, and more. We’ll guide you through every option available.
Deposit & Savings
Deposit Requirements & Saving Tips
- Most lenders require a minimum 5–20% deposit
- With the First Home Guarantee, you may only need 5% (subject to eligibility)
- Government grants can sometimes be used towards your deposit
- Family guarantees may help you buy sooner with a smaller deposit
Tips for Saving Your Deposit
- Set a clear savings goal and timeline
- Open a dedicated high-interest savings account
- Reduce unnecessary expenses and track your spending
- Consider government co-contribution schemes
- Ask us about budgeting tools and strategies
The Process
Step-by-Step Home Buying Process
- Assess your financial readiness and borrowing power
- Get pre-approval for your home loan
- Research and shortlist properties
- Make an offer and pay your deposit
- Finalise your loan application and get formal approval
- Complete legal and settlement processes
- Move in and celebrate your new home!
We’ll guide you through every step, answer your questions, and handle the paperwork.
Costs
Costs Involved in Buying Your First Home
- Stamp Duty: A state government tax on property purchases (concessions may apply for first home buyers)
- Lenders Mortgage Insurance (LMI): Required if your deposit is less than 20% (may be avoided with government schemes)
- Loan Application & Establishment Fees: Vary by lender
- Conveyancing & Legal Fees: For property transfer and settlement
- Building & Pest Inspections: Recommended before purchase
- Moving Costs & Utilities: Don’t forget to budget for these!
We’ll provide a full cost breakdown so there are no surprises.
Mistakes & Myths
Common Mistakes & Myths
- Thinking you need a 20% deposit to buy (many buy with less!)
- Not getting pre-approval before house hunting
- Overlooking additional costs (stamp duty, LMI, legal fees)
- Assuming all loans are the same—features and rates vary widely
- Believing you can’t get help if you have a low deposit or are self-employed
- Not seeking professional advice early in the process
FAQs
Frequently Asked Questions
How much can I borrow as a first home buyer?
Your borrowing power depends on your income, expenses, deposit, and credit history. We’ll help you calculate your budget and get pre-approval.
Can I use government grants as my deposit?
In some cases, yes. Grants like the FHOG can be used towards your deposit or settlement costs. We’ll advise on your options.
What is Lenders Mortgage Insurance (LMI)?
LMI is a one-off insurance premium required if your deposit is less than 20%. Some government schemes help you avoid this cost.
Do I need to be an Australian citizen?
Most grants and schemes require you to be an Australian citizen or permanent resident. Some lenders may have additional requirements.
What if I have a low deposit or am self-employed?
There are options for low deposit and self-employed buyers. We’ll help you find the right solution.
How long does the process take?
From pre-approval to settlement, the process can take 4–8 weeks, depending on your circumstances and the property.
Ready to Achieve Your Property Goals?
We're proudly trusted by over 100+ clients across Salisbury and Adelaide. Whether you're buying your first home, refinancing, or investing, we're here to help you secure the best mortgage solution for your needs.