Mortgage broker for first home buyers.

The amount depends on the lender, property and your eligibility for support. Eligible buyers may use the Australian Government 5% Deposit Scheme; other low deposit or family guarantee options may also be worth exploring. You still need to allow for buying costs and show that the loan repayments are affordable. We help you compare the full picture.

A deposit of 20% of the lender’s assessed property value generally avoids LMI on a standard home loan. Eligible government guarantees, some profession-based waivers and suitable guarantor arrangements may provide alternatives. LMI protects the lender, rather than you, if you cannot repay. We explain whether it applies and how it affects your loan costs.

We assess your financial position, compare suitable loans from our panel, explain deposit and support options and help prepare your application. We liaise with your lender through approval and settlement, and remain available afterwards. That guidance can help you avoid application mistakes and understand lender criteria, but it does not guarantee approval.

Ausfirst’s home loan broker service is free for clients. Participating lenders pay us a commission. We explain that remuneration as part of our disclosure process. Lender fees, legal costs, valuation costs and any LMI are separate, so we help you understand the costs associated with the loan and property purchase.

We help you compare suitable options from our panel and understand why a loan may fit your needs. That includes interest rates, fees, features, eligibility and repayment flexibility. There is no single loan that is best for everyone, and our panel does not include every product on the market. The recommendation depends on your circumstances and goals.

Some eligible buyers can receive a full concession; others may receive a reduction or pay duty. The result depends on the home type, value, contract date and eligibility. New and established homes have different concession rules. See the Queensland summary above and confirm your position with Queensland Revenue Office or your conveyancer before committing.

The First Home Super Saver scheme can allow eligible buyers to release certain voluntary super contributions, plus associated earnings calculated by the ATO. Contribution limits apply: up to $15,000 in a financial year and $50,000 in total may count. It does not let you withdraw your ordinary compulsory employer contributions to buy a home. Check the ATO’s release and timing rules.

Your partner’s ownership history can affect your eligibility for a grant, concession or guarantee. The rules differ between programs, so owning a property previously does not produce the same answer for every type of assistance. Tell us when, where and how the property was owned and occupied, and we can help identify what needs to be checked.

Potentially, but it depends on the nature of any credit issues, your income evidence, deposit and the lender’s policy. We review your circumstances before discussing suitable pathways. If you’re self-employed, we help you understand the documents a lender may require. Approval cannot be promised, and it may be better to improve your position before applying.

State grants generally support eligible buyers of new homes, while duty concessions and the federal 5% scheme have their own rules. Queensland and NSW offer different benefits. Your age, residency, ownership history, property, contract date and occupancy plans can all matter. Use the grants section above as a starting point, then check your individual eligibility.

We help you understand the application route and supporting documents. State grants may be lodged through an approved lender or directly with the relevant revenue authority, depending on timing. The federal 5% Deposit Scheme is accessed through a participating lender, not a direct application to Housing Australia. Your conveyancer can assist with duty concession requirements.

No. Pre-approval is conditional and subject to the lender’s requirements, the property and a final assessment. It helps guide your budget, but changes to your finances, valuation or property choice may affect final approval. Speak with your broker and solicitor before making an unconditional offer or bidding at auction.