Contact details

Card image cap

Buying your first home

Do you have pre-approval?


Top 3 - 5% Deposit Home Loans


First Home Buyers

As a first home buyer it is important to understand how much you can afford to borrow. To give you confidence in your borrowing power, we will work with you to arrange a no obligation pre-approval through one of our 40 different lenders.

First home buyer may also be eligible to benefit from one of number of different government grants and schemes. The services of a mortgage broker, such as Get a Better Rate, will help you better understand which offers you might be entitled to.

These include the First Home Owner Grant, for the purchase of new dwellings for investment or owner occupation. The First Home Buyers Assistance Scheme, offering a full or partial expectation on transfer duty (stamp duty) and the First Home Loan Deposit Scheme.

You may be eligible for all of some of these offers and our mortgage brokers will work with you to understand your options.

Home Buyer FAQ
How much do I need for a deposit for a home loan?

When purchasing an owner occupied property lenders will require you have a minimum 5% deposit; for investment properties the despoit most lenders will require is 10% of the property price.

What is a lenders mortgage insurance?

Lenders Mortgage Insurance ('LMI') is an insurance policy which protects the bank against any loss in the event of default by the borrower. Although the insurance policy doesn't protect the borrower, banks will usually pass the cost of the insurance policy on to the borrower.

How much is a mortgage insurance?

Lenders Mortgage Insurance ('LMI') will vary depending on your loan amount and the property value. Use our LMI quote calculator to give your idea what it could cost you.

How can I avoid paying mortgage insurance?

You can avoid the LMI premium by having a 20% deposit and not borrowing more than 80% of your properties value. For first home buyers, using a family guarantee will allow you to avoid mortgage insurance.

NSW First Home Owner Stamp Duty
Compare Home Loans
Refinance cash back offers
Our lenders
AFG Home Loans logo PNG and SVF formats

ANZ logo PNG and SVF formats

Auswide Bank logo PNG and SVF formats

Bank Australia logo PNG and SVF formats

Bank SA logo PNG and SVF formats

Bankwest logo PNG and SVF formats

Beyond Bank logo PNG and SVF formats

Bluestone logo PNG and SVF formats

Bank of Melbourne logo PNG and SVF formats

Bank of QLD logo PNG and SVF formats

Bank of Sydney logo PNG and SVF formats

Commonwealth Bank logo PNG and SVF formats

Bank of China logo PNG and SVF formats

Citibank logo PNG and SVF formats

CUA logo PNG and SVF formats

Firefighters Mutual Bank logo PNG and SVF formats

Granite Home Loans logo PNG and SVF formats

Health Professionals Bank logo PNG and SVF formats

Heritage Bank logo PNG and SVF formats

ING logo PNG and SVF formats

Keystart logo PNG and SVF formats

La Trobe Financial logo PNG and SVF formats

Liberty Financial logo PNG and SVF formats

Macquarie Bank logo PNG and SVF formats

ME logo PNG and SVF formats

MKM Capital Pty Ltd logo PNG and SVF formats

MyState logo PNG and SVF formats

NAB logo PNG and SVF formats

Newcastle Permanent logo PNG and SVF formats

Pepper Money logo PNG and SVF formats

P&N Bank logo PNG and SVF formats

QBank logo PNG and SVF formats

Resimac logo PNG and SVF formats

St George Bank logo PNG and SVF formats

Suncorp logo PNG and SVF formats

Teachers Mutual Bank logo PNG and SVF formats

UniBank logo PNG and SVF formats

Virgin Money logo PNG and SVF formats

Westpac logo PNG and SVF formats