Question 1

What grants and schemes are available to first home buyers in NSW?

Accepted Answer

Eligible first home buyers can access the First Home Owner Grant (FHOG), the First Home Buyer Assistance Scheme (stamp duty relief), the federal First Home Guarantee (5% deposit, no LMI) and the First Home Super Saver Scheme. Eligibility depends on property value, ownership history and residency — we check your position before you apply.

Question 2

How much deposit do I need for my first home?

Accepted Answer

With the First Home Guarantee you can buy with as little as a 5% deposit without paying Lenders Mortgage Insurance, subject to price caps. Otherwise, a 20% deposit avoids LMI.

Question 3

How much can I borrow as a first home buyer?

Accepted Answer

Borrowing power depends on your income, expenses, existing debts and the lender’s serviceability assessment (including the 3% buffer). Use our borrowing power calculator for an estimate, then we match you to the right lender.

Question 4

Should I use a mortgage broker as a first home buyer?

Accepted Answer

A broker compares 40+ lenders for you, explains the schemes you qualify for, and manages the paperwork — at no cost to you. We are bound by the Best Interests Duty.

Question 5

What costs do I need to budget for beyond the deposit?

Accepted Answer

Stamp duty (or exemption), conveyancing, building and pest inspections, lender fees, and moving costs. We itemise the full picture before you commit.

First home buyer loans, without the guesswork.

Frequently Asked Questions