First Home Buyer Loans

You may be able to use the FHOG (First home owners grant) as deposit for your new home.
It is only available for new houses being built, or never lived in. (strict rules apply)
  • In total, you will need 5% to 10% of the purchase price including the FHOG
  • You will need a good current rental history via a licenced real-estate agent
  • At least $2,000 in the bank
  • Good clean credit history with not too many enquiries

Using a guarantor for your first home (limited Guarantee)

You may be able to use your parents' home as additional security for you loan, allowing you to borrow the full purchase price plus costs with no deposit.
We may have other options available to you including using an unsecured personal loan toward your deposit.
Now may be the time to speak with a lending specialist to explore all options.
Naturally prudent lending, loan suitability and assessment criteria apply.