First Home Buyer Loans
Direct, lender-first support with clear guidance. 38+ years helping Australians buy their first home.
Why Buy Your First Home With a Lender-First Partner?
Buying your first home should be exciting—not confusing. As a non-bank lender-first provider, Mortgage House pairs competitive lending with credit-led support so you understand your options, costs and next steps—before you make an offer (View our latest First Home Buyer offer).
- Direct access to branch-dedicated credit
- Fast turnaround with clear escalation paths
- Tools and guides that de-risk decisions
Plan With Calculators & Localised Costs
What will my repayments be?
Model rates, terms and frequency to suit your budget.
Your First Home Buying Journey Made Easy
At Mortgage House, we aim to make your first home buying journey smooth and stress-free. Download our First Home Buyer Guide for more valuable insights and join the thousands of first home buyers who trust Mortgage House. Explore our range of home loans designed to suit your unique needs, and let our expert team guide you through our quick and hassle-free online application process. Say hello to your dream home as we help you turn it into a reality.
What you’ll get out of our Free First Home Buyers Guide
Reduce your stress
Feel empowered on your journey by understanding every step of the first time home buyer process.
Build future wealth for you and your family
Make your first move and start climbing the property ladder with confidence.
Learn the ‘home loan’ lingo
Become fluent in financial jargon so you feel in control when it matters the most.
Determine how much you can borrow
Confirm what properties you can afford before auction day by knowing how much you can borrow upfront.
Lender Flexibility When advance Notice Is Provided
As a lender, Mortgage House may consider applications that are unacceptable to Mortgage Insurers when advance notice is provided and the scenario fits our credit policy and risk settings. This is not a guarantee; approvals are always subject to responsible lending obligations, full assessment of your circumstances, and verification of information.
We're Here To Help You On Your Homeownership Journey
Mortgage House has everything you need in the one place to ensure you get the best possible home loan.
Find out more about:
Types of First Home Buyer Loans
Variable Loans
If you seek flexibility rather than a guaranteed rate, a variable mortgage may be right. Get flexibility, offsets and extra repayments without break costs.
Fixed Loans
If you need stability and predictable repayments then check out our fixed rate mortgages. Predictable repayments for 1–5 years. Budget with confidence.
Construction Loans
Want a house that is 100% as you envisioned it? A construction home loan is the answer.
Split Loans
A split mortgage lets you make part of your loan fixed and the other half – variable.
Low-Deposit Paths
Enter sooner with <20% deposit by weighing LMI trade-offs. (incl. LMI)
The Buying Process
Preparing to Buy
Our Mortgage House Home Loan Specialists will explain all of the details you need to know before buying your first property. We will walk you through each step of the pre-approval process and help you:
Determine how much you can borrow
Consider Stamp Duty, First Home Buyers Grant and property value
Calculate your monthly payment amount
Choose the best first home buyer loan product to optimise your financial situation
Looking For A Home
Understand how mortgage repayments are calculated so that you can search for a home you can afford to enjoy.
Your Mortgage House Lending Specialist. can help you:
Evaluate the property you’ve fallen in love with and provide a free property report
Determine whether it is good value and a solid investment
Choose the best first home buyer loan product to optimise your financial situation
Guide you through the offer process
Making an Offer on Real Estate
Once you decide that this home is “the one,” you’ll need to make a formal offer to buy the property. Your Mortgage House Lending Specialist will guide you with:
Putting forward your offer conditional on formal approval of your mortgage application and a building inspection
Negotiate a timeframe of 10 days approximately to accomplish the above
If your terms are accepted by the owner, Mortgage House will move forward and prepare the loan documents for your settlement date
Clear communication throughout the offer stage to give you confidence and peace of mind
Evaluate Your Options With Our Deposit Estimator
Preparing for your home buying journey is easy with our Deposit Comparison Estimator. Simply input your details and receive an accurate estimation of your deposit requirement.
Our First Home Buyer Loans
Calculator
Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House’s prevailing credit criteria apply. Please note that your actual fortnightly repayment would be equal to the monthly repayment amount divided by two. Weekly repayments would equal the monthly repayment amount divided by four. If you choose to pay fortnightly or weekly, your actual repayments will be higher than repayments shown on this page. You can reduce the term of your loan if you choose to make repayments fortnightly or weekly. We recommend you seek independent legal and financial advice before proceeding with any loan.
The Latest Mortgage Articles
There Are Some Ways You Can Still Get into The Market
- Family Pledge Loan
- Access to grants and schemes
- Reduce your deposit to 5%
What to Know When You're a First Home Buyer
Buying your first home in Australia is a true milestone. To make the process as stress-free as possible, research is critical when choosing your first home loan. We have helped Australians purchase their dream homes since 1986 and below we will share a list of common questions and answers for first time home buyers. We welcome you to discover more helpful tips in our mortgage checklist resource.
As a first home owner, which loans are best for me?
The best home loan for any borrower is one that you can afford, with manageable repayments that will not leave you financially stressed each month.
As a first home buyer, looking through all the mortgages on offer can be daunting. In fact, the whole process can be very emotional. Initial excitement can quickly turn to confusion, then anxiety, overwhelm, and even confusion. But don’t worry, we are here to help.
We can help you get to know the terminology surrounding mortgages and how to make all the calculations. At Mortgage House we understand being a first home owner means you probably won’t understand all the steps required to make your dream come true. We can walk you through these steps, starting with working out how much you can borrow, and what that means for weekly or monthly payments. Once you have that information, you can start looking for the house you have always wanted, with clear understanding of the first buyer loan products available from Mortgage House. We will guide you through the offer and purchase stages to ensure you feel that you are getting the best loan underpinned by the best support from our specialists.
Are home loans complicated?
The actual concept of a home loan is simple. It is all the steps involved with navigating the best home loan for your needs that can get complicated for a first home buyer. That’s where we come in. As one of Australia’s largest independently owned non-bank lenders, we understand the mindset of first home buyers and can easily guide you through the process. We have access to a range of first-time buyer home loans that can specifically suit your needs as you enter the property market for the first time.
Finding the best one can be tricky, so being able to compare up to five at a time, using our experience, award-winning home loan comparison model, and the same resources as traditional brokers, will be a reassuring way to start. Our main goal is to help you find the lowest rate loan options to match your circumstances and guide you through the process seamlessly. If you have found your dream first home, we want to help you secure it and start your new life as soon as possible. Choose an uncomplicated experience with our support, tools, knowledge and experience to find great comparison deals quickly.
How does the first home owner grant work?
Since the dawn of this century, being an Australian first home buyer has meant having access to a first home owner grant. They started as an offset to the GST and have been used as a mechanism by most Australian States and Territories to stimulate the economy, create jobs and make mortgages more affordable for the first home buyer. They usually take the form of a one-off grant to those who are eligible.
Income and age aren’t usually a factor, and States will often put a cap on the price of the house to ensure those who really need it have access to it. Some States might also make the grants higher for first home buyer mortgages in regional areas, or for new homes only.
In most States, you will need to live in the house for a minimum of six months, and it must be your primary place of residence. To find out whether or not you are eligible, or to work out exactly how the first home owner grants work in your State, contact us, or visit www.firsthome.gov.au
What is LMI and can I avoid it?
LMI protects the lender for loans > 80% LVR. To avoid it, target a 20% deposit—or weigh entering sooner with LMI.
How do FHOG and stamp duty concessions work?
FHOG is state-based; check our guides and use the Stamp Duty Calculator.
What are my home loan options?
There are four main kinds of loans that can be available to the first home buyer. Knowing how each of them works can be more than just handy, it can save you money, now and in the future. The first one is the variable rate home loan. This can be a good way to leave some money in your pocket, and even give you the chance to pay it off sooner if you want to. The rate referred to is the interest rate, which will usually be lower than a fixed rate loan.
As a first home buyer, having a variable rate loan means you can pay more off if you want, without penalties, but it also means the rate may change, either up or down. That can make things hard when it comes to budgeting. With a fixed rate loan, you can fix the interest rate for between one and five years, and renegotiate after that if you want. These mortgages can make it easy for budgeting, as you know exactly how much your repayments will be each time they are due.
If interest rates rise, yours won’t, however some fixed rates can be higher than variable rates. Some of our fixed rate loans allow you to make extra payments if you wish. Having the same access to mortgages as the large lenders also means you can split your loan into periods of fixed and variable interest rates, if you want to, subject to a few conditions. And finally, construction loans give you the flexibility to draw down your loan as it is being built. Feel free to get in touch with a first home buyer specialist at Mortgage House to provide advice about the best home loan option for you, based on your exact circumstances.
What is Stamp Duty?
When you are a first home buyer, the reality of having to pay stamp duty can be a real pain. Stamp duty in Australia is often different in each State. It is basically a tax the State charges on the sale value. It is calculated on the higher of either the purchase price or the current market value. The cost of it can be quite high, and it can often come as a surprise to a first home owner. Use our stamp duty calculator to help limit your surprise. Our Mortgage Specialists can provide you with relevant Stamp Duty Calculations so you can stay informed.
How much can I borrow?
Start with the Borrowing Calculator (a guide, not approval). A Lending Specialist can then factor buffers and obligations.
What will my repayments be?
Use the Repayment Calculator to test interest rates, terms and frequency.
Is an offset account worth it for first-home buyers?
Often, yes—offset can reduce interest and total term. Compare with redraw to match your cashflow habits.
Compliance: Mortgage House may consider applications that are unacceptable to Mortgage Insurers when advance notice is provided and the scenario fits our credit policy and risk settings. This is not a guarantee; approvals are always subject to responsible lending obligations, full assessment of your circumstances, and verification of information. All applications are subject to responsible lending obligations, full assessment and verification.
