Loans for First Home Buyers

Finance for your First Home

Origin Finance makes it easier to buy your first home sooner, with our flexible home loan products. You can borrow up to 95% of the property value.

We help to ensure you can afford the repayments and have funds to cover the transaction costs. We’ll even help you with your First Home Owner Grant application!

Need Your First Home Loan?

Buying your first home is exciting and a little scary at the same time. Not only are you faced with the challenge of finding the right property to become your first home, but you also need to know you’re getting the right first home loan.

When Should I Buy My First Home?

First home buyers often want to know when the best time to buy is going to be. The answer is simple when you have a professional home loans lender. There is no right or wrong time to buy your first home – only the time that suits you and your circumstances.

Many would-be investors will try to time the market and buy at the bottom of the real estate cycle, looking for a bargain, but the truth is it makes no difference when you buy. The right time is when you feel you’re ready to go out and buy your own home.

How Much Can I Borrow?

Before you go hunting for your new home, you should have a clear idea of exactly how much the banks will allow you to borrow. Once you understand how much borrowing power you have, learn how much the repayments will be and work out if this amount is affordable for your income level.

Knowing your borrowing capacity and your repayments ahead of time means you won’t be tempted to overspend or go hunting for houses that are outside your budget. Contact, our home loan brokers they may be able to help you achieve your goals.

Which First Home Loan is Best?

The Australian mortgage market can be a confusing maze of options, home loan interest rates and bank jargon that can be difficult for a first home buyer to navigate successfully, but you don’t have to get through it on your own.

When it comes to finding the ‘best’ first mortgage for you, it’s important to remember that no two people have identical financial situations. Nobody else but you has your income, your expenses or your goals. This means that aiming at a mortgage that worked really well for a friend or family member of yours may be a terrible option for your own first home loan.

Always keep in mind that you should aim at finding a mortgage package that works best for your unique personal situation.

Will I Get a First Home Buyer’s Grant?

The First Home Owner’s Grant is a great incentive offered by the Australia Federal Government to help you buy your first home. Both the Australian Federal Government and individual State Governments have allocated First Home Owner’s Grant payments for people wanting to buy their first home.

As long as you meet the predetermined criteria set for eligibility, then you should receive your First Home Owner Grant.

Do I Need a Deposit to Buy My First Home?

Most Australian banks have scaled back the availability of no deposit home loans and 100% home loans. In certain circumstances, it is possible to buy your first home without needing a substantial deposit and some banks even allow you to put the funds from your First Home Owner Grant toward paying fees and charges associated with your home purchase.

The best way to check if you’re able to begin searching for your first home is to contact a professional mortgage broker. You’ll be helped to understand your full borrowing capacity, you’ll know how much your repayments will be and, best of all, an Origin Finance mortgage broker will make sure you’re applying for the best possible first home loan to suit your needs and your goals.