Buy a new home
Buying a new home is an exciting journey, but it can also be a daunting task. One of the most significant steps in the process is securing a home loan. A home loan is a type of loan specifically designed to help you purchase a property. It allows you to borrow the funds you need to buy a home, and you can then pay back the loan over time, usually with interest.
Most lenders require a minimum deposit of 5–20% of the property purchase price. If your deposit is less than 20%, you will generally need to pay Lender's Mortgage Insurance (LMI). Some eligible first home buyers may access government schemes that allow purchases with as little as a 5% deposit and no LMI.
The First Home Owner Grant is a one-off government payment available to eligible first home buyers purchasing or building a new home. In Queensland, eligible buyers may receive up to $30,000 for a new home under the relevant price threshold. Our brokers can help you confirm your eligibility and apply.
Conditional approval can often be obtained within 24–48 hours after submitting a complete application. Full (unconditional) approval typically takes 3–5 business days depending on the lender and complexity of your situation. Our team prepares your application carefully to minimise delays.
Lender's Mortgage Insurance (LMI) is a one-off premium that protects the lender — not the borrower — if you default on your loan. It is generally required when your deposit is less than 20% of the property value (LVR above 80%). LMI can be paid upfront or added to your loan balance.
Absolutely. Our Brisbane-based mortgage brokers specialise in guiding first home buyers through every step — from understanding your borrowing capacity to settling on your new home. We compare loans across 40+ lenders to find the right fit for your budget and goals.