First Home Buyer Home Loans
Get into the property market sooner with tailored support
Buying your first home can feel overwhelming — inspections, negotiations, jargon, and dozens of loan options. At My Finance Consultants, we turn confusion into a plan: education, tailored lending strategies, and step-by-step guidance from first chat to settlement.
Your path to home ownership
Understanding your borrowing power
Start by estimating how much you could borrow and what your repayments might look like. Try these tools:
Pre-approval: know your limits
A lender-verified Home Loan Pre-Approval shows your price range and helps you act quickly.
We package your application, compare 40+ lenders, and manage the paperwork.
Rentvesting: buy where it stacks up, live where you love
Buy an investment property in a more affordable area while renting in your preferred suburb.
Grow equity sooner and retain your lifestyle flexibility. We’ll model rent, tax impacts, and cash flow.
Family guarantees: a helping hand
Parents (or eligible relatives) can use equity as limited security so you can buy sooner and potentially avoid LMI.
We set clear exit strategies and handle the legal steps. Learn more: Family Guarantee Home Loans
Government schemes & support
Programs and grants can change. We’ll check the current criteria, caps and places for you and structure your application accordingly.
First Home Owner Grant (FHOG): One-off grant for eligible buyers/builders of a first home (individual state/territory rules apply).
Stamp duty concessions/exemptions: Vary by state and purchase price. Check potential costs with our Stamp Duty Calculator.
Deposit and shared-equity initiatives: Some programs allow lower deposits or government equity participation subject to eligibility and property limits.
First Home Super Saver (FHSS): Save via super with concessional tax treatment (subject to ATO rules).
We’ll confirm what you qualify for and combine incentives with the right lender policy for a smoother approval.
What makes a great first home loan?
Right structure: variable/fixed, split loans, and offset for smarter cash management.
Competitive total cost: look at comparison rate, not headline rate only.
Flexibility: extra repayments, redraw, portability options.
Future-proofing: plan for upgrades, maternity/paternity leave, or rate changes.
We compare policies, not just prices — then recommend a short list that fits your goals.
Our first-home process
Strategy & budget
We map deposit, repayments, and purchase price using your figures and our calculators.
Lender match & pre-approval
We shortlist suitable lenders and organise a strong pre-approval.
Property & contract checks
We liaise with your conveyancer/solicitor, review conditions, and line up a property valuation.
Formal approval to settlement
We manage the lender, documents, insurance requirements, and settlement timelines.
Establish good money habits early
Strong savings and clean account conduct help approval and keep you comfortable once you own the home.
We’ll show you how to use an offset and repayment frequency to cut interest and years off your loan.
FAQs
Do I need a lawyer or conveyancer?
Yes. Engage them early to review contracts before you sign and pay any deposit.
What deposit do I need?
Many lenders accept 5–10% deposits (policies vary). Family guarantees and eligible schemes can help reduce upfront cash. We’ll model the trade-offs.
What is Lenders Mortgage Insurance (LMI)?
A one-off premium (generally above 80% LVR) that protects the lender. It can sometimes be capitalised into the loan within limits.
How long does a pre-approval last?
Often 90–180 days depending on the lender. We’ll refresh it if needed.
Can you help with off-the-plan?
Yes. We manage timelines, valuation, and documentary requirements to settle on time.