First Home Buyer Loans
Buying your first home is one of the biggest financial decisions you will make, and most people go into it knowing far less than they think they need to. That gap between what you know and what you need to know is exactly where we come in.
We help first home buyers navigate loans, lenders and government schemes, set their purchasing budget and walk into their first purchase with confidence.
Getting Into Your First Home Sooner Than You Think
Most first home buyers assume they need a 20% deposit and a spotless credit history. The reality is more flexible than that. Through the First Home Guarantee scheme eligible buyers can purchase with as little as 5% deposit without paying lenders mortgage insurance. There are stamp duty concessions, the First Home Owner Grant for new builds and family guarantee options if a parent is in a position to help.
Knowing which schemes you qualify for and how to combine them can meaningfully change how soon you can buy. That is where we start every first home buyer conversation.
First Home Buyer Mortgage Broker Services
We help first home buyers with every part of the lending process, including:
Calculating your borrowing capacity and what your repayments will realistically look like
Explaining how much deposit you need and the fastest way to get there
Identifying which government schemes you are eligible for as a first home guarantee mortgage broker, including the First Home Guarantee and First Home Owner Grant
Comparing home loan options across our full lender panel
Working with you as your dedicated first home loan broker from application through to settlement
How Much Deposit Do You Need to Buy Your First Home in NSW?
The standard answer is 20%, but very few first home buyers have that saved up and you do not necessarily need it. Through the First Home Guarantee scheme, eligible buyers can purchase with as little as 5% deposit without paying lenders mortgage insurance. Family guarantee options are also available if a parent is in a position to help.
The right deposit strategy depends on your savings, your timeline and your income. We will look at your specific situation and find the most realistic path forward.
First Home Buyer Pre-Approval Explained
Pre-approval is a lender confirming in principle how much they are willing to lend you before you find a property. It gives you a budget to work with and signals to sellers and agents that you are a serious buyer ready to move.
It’s important to work closely with your broker well ahead of your search so you are ready when the right place comes up.
First Home Guarantee and NSW Government Schemes Explained
There are several government schemes designed to help first home buyers into the market sooner. Knowing which ones you qualify for can make a significant difference to how quickly you can buy and how much you need upfront.
First Home Guarantee: Allows eligible buyers to purchase with 5% deposit and no lenders mortgage insurance
First Home Owner Grant NSW: A one-off cash payment for eligible buyers purchasing or building a new home in NSW
Stamp duty concessions: First home buyers in NSW may be eligible for full or partial exemption depending on the purchase price
Government schemes and eligibility criteria change regularly. Speak to us to confirm what applies to your situation today. As your first home buyer mortgage broker, we will confirm exactly what you qualify for and factor it into your buying strategy.
LMI Waivers and How to Avoid Lenders Mortgage Insurance
Lenders mortgage insurance is an additional cost that protects the lender, not you, when you borrow more than 80% of a property's value. For many first home buyers, this adds thousands of dollars to the cost of entering the market.
There are legitimate ways to avoid it. The First Home Guarantee scheme allows eligible buyers to purchase with a 5% deposit without paying lenders mortgage insurance. If you aren’t eligible for the First Home Guarantee Scheme, some lenders also offer LMI waivers to borrowers in specific professions including medicine, law, accounting and engineering, regardless of their deposit size.
Why First Home Buyers Choose Shorebreak Finance
We are a locally owned mortgage broker based in Berry on the South Coast. We work for you, not the bank, which means our only goal is finding the loan that best fits your situation.
We also work differently to most brokers. Our first consultation is a coffee catch-up, no paperwork, no pressure, just a conversation about where you are and where you want to get to. Many of our first home buyer clients become long-term clients, coming back when they are ready to refinance, invest or upsize. We take that relationship seriously from day one.
Success stories that speak for themselves
“Chris didn't just find us a loan. He gave us honest and strategic advice to ensure we were making the best decision for our future. If you are looking for a broker who genuinely cares and will go above and beyond, look no further. We recommend Chris and Shorebreak Finance with 100% confidence.”
— Juan P.
“Ron and Chris have been incredibly supportive and approachable, always making me feel like I was a top priority. It's clear that they genuinely care about helping their clients achieve their goals. I couldn't recommend Shorebreak Finance highly enough to anyone starting their property journey.”
— Ryan R.
“Ron got my partner and I our first home despite roadblock after roadblock. He stayed true to his word and made the impossible possible. Straight up amazing.”
— Lance M.
Ready to Take the First Step? Let's Grab a Coffee
Bring your questions, your savings figure or just a vague idea that you want to buy a home one day. We will help you work out what is possible and what to do next.
