First Home Buyers

Getting pre-approved by a lender is like getting a thumbs-up that they're ready to lend you a certain amount for buying a home. It helps you stay on track with your budget when searching for properties and shows sellers you're serious and have a handle on what you can afford to repay. Though not a must, pre-approvals can give first-home buyers an extra boost of confidence when making bids. Just keep in mind, they usually last around three months and depend on keeping your finances steady.

With Unity Mortgages you can: ​ Get a clear picture of how much you can borrow to better tailor your search and confidently make offers. Discover a selection of loans tailored to suit your needs and aspirations. Boost your application's odds of approval to ensure you're on the path to success! Find out if you're eligible for a first-home buyer grant or stamp duty concession to make your home-buying journey even more rewarding!

Typically, aiming for a 20% down payment when purchasing your first home can exempt you from paying lenders mortgage insurance (LMI). However, certain lenders offer home loans with a minimum deposit requirement as low as 5%. It's essential to factor in supplementary expenses such as stamp duty and legal fees. ​ First-home buyers may qualify for a state or territory-specific first-home buyers grant, potentially facilitating the purchase with a reduced deposit. Additionally, there are regions where stamp duty concessions are accessible.

Numerous home loan products cater to first-home buyers, offering a variety of options regarding loan term, features (like an offset account), and preferences for variable, fixed, or split rates. Selecting the optimal home loan as a first-time buyer hinges on your individual circumstances and objectives. We at Unity Mortgages will curate a list of recommended home loans tailored to your needs. We will conduct a comprehensive comparison across more than 30 lenders to identify a suitable loan structure and features aligned with your goals.