First Home Buyers

First Home Buyers, we'll find you the right loan!

Are you looking for a great home loan to purchase your first home? You’ve come to the right place. Buying your first home is an exciting, but big step to take that often comes with many questions and decisions. As your trusted Sunshine Coast Mortgage Brokers, we will be there every step of the way to guide you through the entire home loan process.

Perhaps you’ve found your dream home and are ready to secure a great home loan? Or you’re wondering how much you could borrow so that you can start looking at your options? Either way, we’re here to help, and we’ll even take care of the paperwork for you.

As Mortgage Brokers, we have strong relationships with many banks and lenders, and we’re up-to-date with what loans are on offer in the first home buyers space.

We’ll also let you know if there are any government incentives that can assist you to purchase your home. As a first home buyer, you may be eligible for a first home buyer grant. Grant conditions vary from state to state, so book a free consultation now with one of our friendly Brokers to find out more about eligibility requirements in your state and how much grant money you could receive.

It’s our job to make buying your first home as simple as possible.

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Choose a Loanright Broker to be your advocate

Comparison
and Choice

There are hundreds of loans available for first home buyers, so why would you limit yourself to what your bank has available? As Mortgage Brokers we listen to you to understand YOUR needs, then we compare a variety of home loan products available from Australia’s leading lending institutions.

Keep Competition Alive

We work with multiple lenders, to keep competition alive.

If Mortgage Brokers were not in business, competition and choice in the home loan industry would decline. Bank power and the risk of higher interest rates would increase, leaving Australian’s to pay the price.

Stress-free Process

Once we’ve established which loan suits your needs, we’ll get to work on your application, complete all the paperwork and submit it to the bank on your behalf. Our aim is to save you time and stress, and to get things moving as quickly as possible so you can settle into your new home sooner.

Home loans that meet your changing needs

We don’t just set you up with a home loan and then forget about you. An average home loan term is 30 years. Your needs change over the years, so why should your loan stay the same? We will regularly check in with you to review your home loan to ensure your loan is still working for you.

Testimonials

First Home Buyers FAQ's

We’re all unique when it comes to our finances and borrowing needs. Contact us today, we can help with calculations based on your circumstances

There are so many different loans available for first home buyers. We specialise in helping you to figure out how much you can borrow and what features you’d like in a home loan. Then, once we’ve found the loan that matches your needs, we prepare an application for you and take care of the paperwork. Buying your first home is a huge, exciting step, and we’re here to use our expertise in the lending space to make buying your first home simple. Get started now.

Most Australian lenders require you to have a minimum deposit of 5% – 10% of the purchase price, plus enough savings to cover your purchasing costs (eg. stamp duty and conveyancing).

If you’re not quite there yet, give us a call and we’d be happy to provide you with some pointers on saving more of a deposit or next steps. There are also some great resources on our blog to help you save a deposit to buy your first home.

There are so many different loan products, some with lower introductory rates, so we really need to talk to you to understand your needs, before we can quote your repayments. Talk to us today to see what’s currently on offer from our lending partners. We’ll work with you to find a loan set-up that’s right for you.

Most lenders offer flexible repayment options to suit your pay cycle. We recommend that you aim for weekly or fortnightly repayments (as opposed to monthly). In doing so you will make more payments in a year, which will shave dollars and time off your loan.

We can assist you with finance in person or remotely via phone calls or zoom. We are not restricted by location, so give us a call wherever you’re located.

Sunshine Coast suburbs we service include…

Caloundra Area:

  • Aroona
  • Bald Knob
  • Balmoral Ridge
  • Baringa
  • Battery Hill
  • Beerburrum
  • Beerwah
  • Bells Creek
  • Birtinya
  • Bokarina
  • Booroobin
  • Bribie Island North
  • Buddina
  • Caloundra
  • Caloundra West
  • Cambroon
  • Conondale
  • Coochin Creek
  • Crohamhurst
  • Curramore
  • Currimundi
  • Diamond Valley
  • Dicky Beach
  • Elaman Creek
  • Glass House Mountains
  • Glenview
  • Golden Beach
  • Harper Creek
  • Kings Beach
  • Landsborough
  • Little Mountain
  • Maleny
  • Meridan Plains
  • Minyama
  • Moffat Beach
  • Mooloolah Valley
  • Mount Mellum
  • Nirimba
  • North Maleny
  • Palmview
  • Parrearra
  • Peachester
  • Pelican Waters
  • Reesville
  • Shelly Beach
  • Warana
  • Witta
  • Wootha
  • Wurtulla

Maroochy area

  • Alexandra Headland
  • Belli Park
  • Bli Bli
  • Bridges
  • Buderim
  • Burnside
  • Castaways Beach
  • Chevallum
  • Coes Creek
  • Coolabine
  • Cooloolabin
  • Coolum Beach
  • Cotton Tree
  • Diddillibah
  • Doonan
  • Dulong
  • Eerwah Vale
  • Eudlo
  • Eumundi
  • Flaxton
  • Forest Glen
  • Gheerulla
  • Highworth
  • Hunchy
  • Ilkley
  • Image Flat
  • Kenilworth
  • Kiamba
  • Kidaman Creek
  • Kiels Mountain
  • Kulangoor
  • Kuluin
  • Kunda Park
  • Kureelpa
  • Landers Shoot
  • Mapleton
  • Marcoola

 

  • Maroochy River
  • Maroochydore
  • Mons
  • Montville
  • Mooloolaba
  • Mount Coolum
  • Mountain Creek
  • Mudjimba
  • Nambour
  • Ninderry
  • Noosa Heads
  • Noosaville
  • North Arm
  • Obi Obi
  • Pacific Paradise
  • Palmwoods
  • Parklands
  • Peregian Beach
  • Peregian Springs
  • Perwillowen
  • Point Arkwright
  • Rosemount
  • Sippy Downs
  • Sunrise Beach
  • Sunshine Beach
  • Tanawha
  • Tewantin
  • Towen Mountain
  • Twin Waters
  • Valdora
  • Verrierdale
  • West Woombye
  • Weyba Downs
  • Woombye
  • Yandina Creek
  • Yandina
  • Yaroomba

This first home owners grant is available to Australian citizens or permanent residents who wish to buy or build their first home, which will be their principal place of residence within 12 months of settlement. Contact us to find out more about eligibility requirements in your state and how much grant money you could receive.

There are a number of fees and costs involved when buying your first home, or any property. To help avoid any surprises, the list below sets out the most common costs:

  • Stamp duty — This is the big one. All other costs are relatively small by comparison. Stamp duty rates vary between state and territory governments and also depend on the value of the property you buy. You may also have to pay stamp duty on the mortgage itself. Ask your Loanright Mortgage Broker to estimate your possible stamp duty charge.
  • Legal/conveyancing fees — Generally around $1,000 – $1500, these fees cover all the legal requirements around your property purchase, including title searches.
  • Building inspection — This should be carried out by a qualified expert, such as a structural engineer, before you purchase the property. Your Contract of Sale should be subject to the building inspection, so if there are any structural problems you have the option to withdraw from the purchase without any significant financial penalties. A building inspection and report can cost up to $1,000, depending on the size of the property. Your conveyancer will usually arrange this inspection, and you will usually pay for it as part of their total invoice at settlement (in addition to the conveyancing fees).
  • Pest inspection — Also to be carried out before purchase to ensure the property is free of problems, such as white ants. Your Contract of Sale should be subject to the pest inspection, so if any unwanted crawlies are found you may have the option to withdraw from the purchase without any significant financial penalties. Allow up to $500 depending on the size of the property. Your real estate agent or conveyancer may arrange this inspection, and you will usually pay for it as part of their total invoice at settlement (in addition to the conveyancing fees).
  • Lender costs — Most lenders charge establishment fees to help cover the costs of their own valuation as well as administration fees. We will let you know what your lender charges but allow about $600 to $800.
  • Moving costs — Don’t forget to factor in the cost of a removalist if you plan on using one.
  • Mortgage Insurance costs — If you borrow more than 80% of the purchase price of the property, you’ll also need to pay Lender Mortgage Insurance. You may also consider whether to take out Mortgage Protection Insurance. If you buy a strata title, regular strata fees are payable.
  • Ongoing costs — You will need to include council and water rates along with regular loan repayments. It is important to also consider building insurance and contents insurance. Your lender will probably require a minimum sum insured for the building to cover the loan.

First Home Buyer Loan Enquiry

Please fill in your details and one of our friendly Mortgage Brokers will give you a call to discuss buying your first home.

First Home Buyer Loan Enquiry

Please fill in your details and one of our friendly Mortgage Brokers will give you a call to discuss buying your first home.