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First home buyers · grants and schemes

First Home Buyer Loans

New to this? We map your deposit, what you can actually borrow, and any grants or schemes you may qualify for — then match you to a first-home loan that fits.

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First home buyers

First Home Buyer Loans — how it works

The hardest part of a first purchase is not the loan. It is not knowing what you can spend, what help exists, or what happens next. We start by answering those three questions before anyone talks about a product.

Grants and schemes change, and eligibility depends on the state, the price, the property type and your circumstances. We check what currently applies to you rather than quoting a headline you may not qualify for.

What we look at

What you get from a broker here

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What you can actually spend

A real number, based on a real lender’s assessment — not a rule of thumb.

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Deposit and LMI, explained

How much you need, what counts as genuine savings, and what lenders mortgage insurance costs if you go below 20%.

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Grants and schemes checked

We check what you may be eligible for in your state, and what the conditions are.

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Guarantor options

If a family guarantee is on the table, we explain exactly what it means for the person guaranteeing.

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Pre-approval before you bid

So you know your limit before auction day, not after.

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Conveyancing at a fixed price

ORLA Settle reviews the contract and section 32 before you sign anything.

The process

Four steps, start to settlement

Work out the number

Deposit, income and expenses in, a real borrowing figure out.

Check what help applies

Grants and schemes for your state and your situation.

Pre-approval

So you can shop and bid knowing where you stand.

Offer, finance, settle

We manage the lender while ORLA Settle handles the contract.

Before you start

What we will need from you

Photo ID
Recent payslips and an employment contract if you are new in a role
Savings history — genuine savings matter to some lenders
Details of any HECS/HELP, car loans, cards or buy-now-pay-later
Any gift or guarantee arrangement from family

Not sure you have all of it? Start anyway — we will tell you what is actually needed for your situation rather than asking for everything.

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FAQ

First Home Buyer Loans — your questions

How much deposit do I actually need?

It varies by lender and by scheme. Below 20% usually means lenders mortgage insurance, unless a scheme or a family guarantee applies. We show you the trade-off in dollars rather than in theory.

What is LMI and who does it protect?

Lenders mortgage insurance protects the lender if the loan goes bad — not you — and you pay for it. It is not always a reason to wait, because saving another year can cost more than the premium if prices move. We model both.

Do I qualify for a first home buyer grant?

It depends on your state, the price, whether the property is new or established, and your circumstances. We check the current rules against your situation rather than guessing.

Can my parents help without giving me cash?

Often yes, through a family guarantee over part of their property. It is a real legal obligation for them, so we explain it carefully and they should get their own advice — ORLA Legal can provide the independent advice certificate.

Should I buy or keep saving?

That is your call, not ours. What we can do is show you both scenarios with real numbers so the decision is informed.

First Home Buyer Loans — see your real options

Free to you for most home loans, no obligation, and no branch visit.