Residential & Commercial Mortgages
First Home Buyer options
The amount you can borrow, commonly known as your borrowing capacity or borrowing power, will differ from lender to lender. Our consulting team will give you an initial idea of how much you can borrow. Your Mortgage Choice broker can give you a complete individual assessment of your situation when you meet.
There are a number of grants and programs available for first time home buyers. The First Home Owners Grant (FHOG) is the largest and best known of these programs, offering a one-time grant of up to $14,000 to first time home buyers who satisfy the program’s eligibility requirements.
The actual amount you might qualify for will depend on a number of factors, including the state or territory in which you intend to buy. A number of other government-supported opportunities are available based on the state or territory in which you plan to buy. These offerings may include help with stamp duties, transfer fees, settlement/establishment fees, and the like.
Programs vary depending on location and home buyer qualifications, and Loan Prabhu has all of the information you need to check eligibility.
Many mortgage lenders offer a range of first time buyer options and opportunities. Some may be combined with government-supported programs while others are separate; special offerings may include reduced interest rates, reduced loan origination fees, discounted mortgage insurance, and the like.
Loan Prabhu is in constant contact with a huge range of mortgage lenders, which means we always have the most current and up-to-date information available on what’s out there for first time home buyers.