First Home Buyer Loans

Purchasing your very first home is an exciting journey! But since it’s your first time, it can also be a little overwhelming and you will most likely need some help to make sure you are making the right choices.

Every day at Specialised Mortgage Solutions, we help take the stress off of people just like you and give them expert advice and support throughout the entire loan application process.

How we can help you finance your first property


Explain & Assist With the Entire Application Process

Since it’s your first time buying a house, you might not even know where to start! We will explain the entire process with you and help you along the journey from application right through to settlement.

Apply for Grants & Incentives

We will ensure you receive all grants, benefits and incentives that you are eligible for as a first home buyer. With over 30 years of industry experience we know exactly what you are entitled to and how to structure your application to ensure you receive it.

Save You Money With a Competitive Interest Rate

We have access to 25+ different lenders which gives us the ability to find the perfect loan for your needs at the best rate. Getting a better rate will help you pay off your home loan faster and could save you thousands.

“Barry made buying my first home a breeze. Any question I had Barry would be there. So professional. I would highly recommend him to anyone and will be using Barry in the future.”

Abbey – First Home Owner

First Home Owner FAQ’s

Do I qualify for the First Home Owner Grant?

The First Home Owner Grant (FHOG) is a $10,000 grant designed to assist eligible first homebuyers in purchasing a new home.

However there are several requirements to be eligible such as:

• The home must be brand new

• The home must be worth less than $750,000

• You must be over 18

• Both you and your partner must have never held a relevant interest in any residential property in Australia

• You or the person you are buying with must be an Australian citizen or permanent resident

This is not an extensive list. The full list of requirements can be found here.

How much can I borrow?

Determining how much money you can borrow to purchase a house depends on a wide range of factors. These include your income, current loan commitments, living expenses etc.

In order to get an accurate estimate you would need to sit down with an expert who can calculate this for you. If you’d like to know the exact amount of how much money you can borrow so you can start looking at properties to buy, give us a call today.

How much deposit do I need?

There is no set amount or percentage needed for a deposit. The amount of deposit needed depends on a variety of factors including whether the property is owner occupied or to be used as a rental, how much genuine savings you have, if you have access to a guarantor etc.

To calculate exactly how much deposit you need, get in touch today.

What will my home loan repayments be?

We have a free loan repayment calculator available on our website for you to use at any time. This will give you a rough estimate of how much your monthly repayments will be.

For a more accurate and reliable estimate, get in touch today.

“​Barry has been fantastic and made the process of buying our first home very smooth and easy. Highly recommended!!!”

Matias – First Home Owner

New Incentives For First Home Buyers in NSW

Are you looking to buy your first home in New South Wales?

You may have heard that on July 1st, 2017, the NSW government implemented a new comprehensive package designed to assist first home buyers wanting to enter the housing market.

We’ve summarised the important parts below but you can access the full article here.

What is included and how will it assist first home buyers in NSW?

The two major components include:

1. Stamp Duty Changes

As of July 1st, 2017, stamp duty will be abolished for first home buyers for all homes below $650,000. There will also be stamp duty relief for homes up to $800,000.

2. First Home Owners Grant Changes

The NSW government will provide first home buyers with a $10,000 grant to builders of new homes up to $750,000 in value and purchasers of new homes of up to $600,000 in value.

There are also a number of other changes including no more insurance duty on lender’s mortgage insurance. To find out how you can take advantage of these changes when buying your first home, get in touch for a no-obligation, free consultation.

Talk To An Expert Mortgage Broker

Are you ready to take the first step on the exciting journey of buying a house? Then we would love to help you achieve your dreams of home ownership and save you time and money at the same time. If you would like to talk to a professional, local mortgage broker about getting a home loan just fill out the form below and we’ll be in touch!

Contact Us

Let us help you on this exciting journey of buying your first home!

(02) 5317 5114

Unit 1/266 Summer St, Orange NSW 2800

M-F: 9am-5pm, S-S: By Appointment Only