First Home Buyers

First Home Buyers are those looking to buy their first home. The experience of buying your first home can be an incredibly exciting and equally nerve-wracking endeavour. It is often a daunting process, but the growth of the Australian home pricing market has proved in time that it is always worth it. There are also many benefits of being a first home owner in Australia. These benefits can range from stamp duty fee exemption to being eligible for a first home owner grant and as of recent, a “buy now pay later” property service.

Our mortgage brokers can guide you through every step of the application process to help you get the most out of being a first home buyer. Speak to our team of lending specialists today to learn how to start the process and turn your new home dreams into a reality.

We’ll tailor your first home loan solutions to meet your specific lending needs.

Save Your Money on Stamp Duty Fees

First home buyers in NSW are often eligible for stamp duty fee concession or stamp duty fee exemptions through the Grants and Schemes eligibility programs. Whilst there are certain requirements you will need to meet to be eligible for the stamp duty fee concession, being eligible means, you can be saving tens of thousands of dollars.

As a first home buyer, there are some specific criteria you need to meet for stamp duty fee exemption benefits, for example:

Applicant must be an individual and not a company or trust
You must be 18 years old or more at the date of the purchase agreement
The home you purchase must be your first
At least one of the first home buyers on the agreement must be a permanent resident or an Australian citizen

For more information visit Revenue NSW. You can also speak to our lending specialists to find out more and assess your eligibility.

How Does Stamp Duty Fees Work

The amount of stamp duty fee you pay for a home is directly based on either the property’s price or its current market value, whichever is higher. Therefore, you pay a higher stamp duty fee for a more expensive purchase.

First Home Owner Grant

Thanks to Australian Government initiatives, the First Homeowner Grant offers $10,000 to those buying a new home.

There are a few rules to qualify for this grant, for example:

The value of the home must not exceed $600,000 if the purchased property is a newly built house, apartment, unit, or similar
If the home was substantially renovated by the seller, the purchase price of the home must not exceed $600,000
It is only available to those who are looking to buy or build their first home

For more information visit Revenue NSW. Alternatively, speak to our lending specialists at EQ Lending to find out more and obtain a more tailored solution to meet your first home lending needs.

First Home Loan Deposit Scheme (FHLDS)

The First Home Loan Deposit Scheme (FHLDS) is a great initiative for first home buyers offered by the Federal government. This has allowed people to buy their first home a lot sooner than they normally would. Low to middle-income first home buyers eligible for FHLDS can buy their first home with as little as a 5% deposit without the need to pay for Lenders Mortgage Insurance (LMI).

FHLDS is a great initiative for first home buyers because buyers with less than 20% deposit are normally required to pay lenders’ mortgage insurance. With so many requirements and first homeowner loan benefits, it can quickly get confusing. Our team of lending specialists can make the process stress-free and provide tailored solutions that fit your needs and objectives.

Why EQ Lending

One-on-One Relationship

Solutions Driven Not Sales Driven

One-Stop-Shop

We always go out of our way to ensure that your lending process is both simple and stress-free. Most importantly, we have a one-on-one relationship with all our clients and provide a dedicated lending specialist to accommodate you from start to finish.

We’re solutions-driven lenders and on your side, unlike the traditional bank methods. We pride ourselves on putting your interests first by evaluating your individual financial position and presenting you with the best value options that suit your objectives.

We are your one-stop shop for first home owner mortgage broker services. Our team of lending specialists are experts who possess experience in the full spectrum of home loans, personal loans, construction and investment loans, vehicle and equipment finance, private lending, and residential and.

One-on-One Relationship

Solutions Driven Not Sales Driven

One-Stop-Shop

ABN: 71 626 000 404

Terms & Conditions

ABN: 71 626 000 404

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