First Home Buyers
Your first home purchase can feel complicated. We help break down the finance side into clear steps so you can understand what is involved before making your application.
About this service
Finance guidance built around your circumstances.
Buying your first home is a major milestone. We can help you understand the finance process, explore borrowing options and prepare for your first home loan application.
Every borrowing situation is different. Your income, financial position, goals, property and the lender's assessment criteria can all affect the options available to you.
Our role is to help you understand the finance process, discuss your requirements and explore lending options that may be suitable for your circumstances.
Who this may be for
This service may be relevant to customers in situations such as:
- People purchasing their first residential property.
- First home buyers who are unsure about their borrowing capacity.
- Buyers who want help understanding deposit and loan requirements.
- Customers who want guidance through the home buying finance process.
How we can help
Depending on your circumstances, we can help you understand areas such as:
- Understanding your potential borrowing capacity.
- Discussing deposit requirements.
- Exploring available home loan options.
- Understanding loan repayments and loan structures.
- Preparing your finance application.
- Helping you understand the steps from application to settlement.
Things to consider
Your circumstances matter.
When assessing a lending option, there are several factors that may need to be considered. The exact requirements depend on the lender and your individual circumstances.
Your income and employment history.
Your savings and available deposit.
Your existing financial commitments.
Your credit history.
The purchase price and property type.
Applicable government schemes or concessions, where relevant.
Why work with us
A simpler way to approach your finance.
A clearer understanding of the home loan process.
Guidance when preparing your first application.
Access to lending options through our lender panel.
Support throughout the finance process.
Our process
From conversation to next steps.
The exact process can vary depending on your circumstances, lender and finance requirements. Generally, the journey can look like this.
Start with your goals
We discuss the type of property you are considering, your timeframe and your financial circumstances.
Review your finances
We look at income, expenses, savings, debts and other relevant information to understand your position.
Explore your options
We discuss potential lending options and explain the key features and considerations.
Prepare for pre-approval
Where appropriate, we help you understand what information may be required for a pre-approval application.
Find your property
Once you understand your finance position, you can continue your property search with greater clarity.
Move towards settlement
After your property purchase progresses, we assist with the finance process through to settlement.
Getting prepared
Documents you may need.
The documents required will depend on your circumstances and the lender. These are examples of information that may be requested.
Photo identification.
Recent payslips or income evidence.
Bank statements.
Savings and deposit evidence.
Details of existing debts and liabilities.
Other financial documents requested by the lender.
Frequently asked questions
Questions about first home buyers?
Do I need a large deposit to buy my first home?+
Deposit requirements vary depending on the lender, loan structure and your circumstances. Other purchasing costs may also need to be considered.
Can I get pre-approval before finding a property?+
Depending on your circumstances and the lender, you may be able to apply for a pre-approval. Pre-approval is subject to lender criteria and does not guarantee final loan approval.
Can you help me understand government first home buyer schemes?+
We can discuss how relevant schemes may interact with your finance situation. Eligibility and scheme rules can change, so official government information should also be checked.
Let's talk
Ready to talk about your finance goals?
Start with a conversation about your goals and circumstances. We'll help you understand the next steps and the lending options that may be available to you.
First home buyer eligibility, government schemes, concessions and lending requirements can vary. Lending remains subject to lender criteria, assessment and approval.