The loan process.
From a quick chat to settlement, these are the steps to owning your first home.
Get in touchFirst Home Loans.
Buying your first home is an exciting time - but it can also be complicated - our job is to make it easy for you.
Need more than just a loan?
Looking for someone to guide you through the process?
Not sure what the pitfalls are?
Buying a home is probably the biggest purchase you will ever make but knowing where to start can be frightening.
We have helped many people through the process and will guide you through the process and point you in the right direction.
Even before you sign a contract, we can make sure you understand the process and the steps you need to take to make this an exciting experience, as it should be.
Here are some frequently asked questions we get from first home buyers:
Q: How much deposit do I need?
A: You may not need as much as you think. You may have been told you need 20% deposit, this is not always the case. There are some low deposit options available to buyers that can help you get into your home sooner.
Q: What grants are available to me?
A: We can go through these with you to make sure you are receiving everything you can. We will explain what grants are available and help you with the process of applying.
Q: Should I build or buy an existing property?
A: Some of this decision comes down to personal preference, building is not for everyone. If you do decide to build there are sometimes more grants available to First Home Buyers. Stamp Duty is only payable on the land, in some states there is no stamp duty. This can reduce the amount of funds you need to put towards the property. Also, with grants you might find you can build your dream home sooner than you thought.
Make an appointment today.
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Say hello
It all starts with taking about one minute to answer a few simple questions right here. When you’re done, we’ll meet to talk about your goals, opportunities and next steps, in person or online.
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Get those goals
Once we know what you need, we’ll research 60 banks and lenders to provide you with loan recommendations best suited to your needs.
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The nitty gritty
Found your lender? Well sit back. We’ll do the paperwork and package, sign and lodge your documents to get you primed and ready for pre-approval.
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So… How much can you borrow?
If your pre-approval gets the tick, your borrowing power will be revealed. This amount is valid for three months and gives you a clear idea of what you can spend. Let the house hunting begin!
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Seal the deal
After all the ups and downs of the home buying hunt, you’ve found a home and made an offer. While you pop the champagne, we’ll keep track of your application to ensure it all runs smoothly.
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Settlement - your big day!
Get excited, it’s time for settlement. Sit back and enjoy the moment, we’ll let you know when everything is finalised and your lender has released the funds.
Ask us a question
We're here to help