First Home Buyers
At Mortgages Plus, our brokers guide first home buyers through every stage of securing a loan and purchasing their first property. Understanding deposit requirements, making sense of government schemes, and securing a competitive mortgage rate can feel overwhelming.
We provide the knowledge and lender access needed to make your first purchase achievable. With no upfront fee, you gain expert support throughout the entire process.












What is a First Home Buyer Loan?
A first home buyer loan is specialised lending designed for Australians purchasing their first property. The right finance strategy can deliver real benefits:
- Access government schemes that reduce deposit requirements to as little as 5%.
- Secure stamp duty concessions and grants available exclusively to first-time buyers.
- Establish loan structures with features like offset accounts and redraw facilities that support future financial flexibility.
The right decisions now help you avoid costly mistakes and build a foundation for long-term wealth. As specialist mortgage brokers, we position first-time home buyers for success in the property market.
Why First Home Buyers Choose Mortgages Plus
Personalised Strategies
Every first-time buyer arrives with individual circumstances. Some have saved a full deposit. Others rely on family guarantees or low-deposit schemes. We assess your financial position, clarify your borrowing capacity, and build a lending approach that aligns with your budget and future plans.
Why it matters
Starting with the right first home buyer loan structure can save thousands over the life of your mortgage and prevent refinancing headaches down the line.
Expert Guidance
With comprehensive knowledge of lenders, from major banks to specialist options, we explain eligibility requirements, scheme applications, and documentation. As specialists, we coordinate with conveyancers and real estate agents to keep your purchase on track.
Why it matters
50+ lenders = better choices. Experience means we spot problems before they delay settlement. Get sorted efficiently with a mortgage broker who knows the landscape.
Clear, Transparent Process
We explain deposit requirements upfront, outline realistic timelines for approval and settlement, and keep you informed at every stage. There are no hidden surprises, and because lenders compensate us at settlement, our services come at no cost to you.
Why it matters
Transparency builds trust. We provide an award-winning service backed by 75+ five-star Google reviews from clients who've been where you are.
Common First Home Buyer Challenges
First-time buyers often encounter unique hurdles when entering the market. Our brokers simplify the mortgage application process by anticipating and resolving these obstacles:
Limited Deposit Savings
Accumulating a 20% deposit takes years. We can unlock access to low-deposit schemes, including the First Home Guarantee (5% deposit) and Family Home Guarantee. Eligible buyers can enter the market sooner.
Confusion Around Government Schemes
Various government schemes are available with varying eligibility criteria and application processes. We clarify which ones suit your situation, handle applications, and ensure you receive all available concessions.Contact us for the most up to date information.
Understanding Borrowing Capacity
Many first time home buyers overestimate or underestimate what they can borrow. Our mortgage brokers provide accurate serviceability assessments that account for living expenses, existing debts, and future rate movements, so you search for properties within your price range.
Calculate your borrowing capacity.
Navigating Auction Competition
The pressure of auction bidding can lead to overcommitting. We establish your maximum borrowing limit beforehand and connect you with pre-approval, giving you confidence when competing for properties.
Supporting Clients Across Australia
Based on Sydney's Northern Beaches, we support first home buyers throughout the area in suburbs like Avalon, Narrabeen, Manly, and Dee Why, as well as across Greater Sydney and regional NSW, including the Central Coast, Inner West, North Shore, and Hunter Valley. We also support clients nationwide, from Melbourne and Brisbane through to Adelaide and Perth.


Frequently Asked Questions
How much deposit do I need as a first home buyer?
Deposit requirements range from 5% to 20% depending on your circumstances. The First Home Guarantee allows eligible buyers to purchase with just 5% deposit without paying lenders mortgage insurance (LMI). A 10% or 20% deposit provides access to more lender options and potentially better interest rates. We assess your situation to recommend the best approach.
Can I use a family guarantee to reduce my deposit?
Yes. Family guarantees allow parents or close relatives to use equity in their property as additional security. Your deposit requirements can be reduced or waived entirely. You can avoid lenders mortgage insurance (LMI). Market entry may happen faster.
What government grants and schemes am I eligible for?
Eligibility depends on your state, income, property value, and ownership history. NSW offers the First Home Buyer Assistance Scheme with stamp duty exemptions, while federal schemes include the First Home Guarantee and Regional First Home Buyer Guarantee. We identify applicable schemes and manage applications on your behalf.
Should I get pre-approval before searching for properties?
Absolutely. Pre-approval establishes your borrowing capacity. You bid at auctions with confidence. Vendors see you're a serious purchaser. We secure conditional approval from lenders before you start inspecting properties, giving you a clear price range to work within.
How long does the process of securing a first home buyer loan take?
From application to settlement typically spans 4–8 weeks, though timelines vary based on lender processing speeds and property settlement dates. We expedite the process by ensuring your documentation is complete upfront and maintaining regular contact with lenders throughout assessment.
Can I buy an investment property as my first purchase?
While possible, this approach requires careful consideration. Lenders assess investment property applications differently, and you'll miss out on first home buyer grants and stamp duty concessions available only for owner-occupied purchases. Some purchasers buy their first home to live in initially, then convert it to property investment later through home loan refinancing.
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