First home buyer loan guidance for Melbourne buyers
Understand your deposit, borrowing capacity, lender requirements, LMI and available first home buyer support before you make an offer or apply for pre-approval.
What We Help With
First Home Owner Grant
First home buyer grants may be available depending on the property, location and eligibility rules. We help you understand the common pathways and confirm what needs to be checked before applying.
Stamp Duty Concessions
Victorian stamp duty concessions and exemptions can change and depend on property value, buyer status and eligibility. We help you factor these costs into your deposit and approval planning.
Low Deposit Loans (5% or Less)
Some buyers may qualify for lower-deposit options, but lender policy, LMI, government guarantee rules and repayment comfort all matter. We compare what is realistic for your situation.
Lender's Mortgage Insurance (LMI)
If you're depositing less than 20%, LMI protects the lender — not you. We compare lender policy, LMI treatment and any relevant guarantee pathways so you can see the true upfront and monthly cost.
First Home Buyer Roadmap
We create a personalised roadmap covering savings strategy, borrowing capacity assessment, property search guidance, pre-approval process, and settlement — all tailored to your unique financial situation.
Common questions about first home buyer loans in Melbourne
Many buyers aim for 20%, but some options may allow a lower deposit. Eligibility, LMI, guarantee schemes and lender policy all affect the final requirement.
We can help you understand common first home buyer support and point you to eligibility checks. Government rules change, so final eligibility should be verified with the relevant authority.
Pre-approval is often useful because it sets a clearer budget and can make conversations with agents more practical. It is still conditional until final lender approval.
Some lenders accept guarantor support or gifted deposits, subject to their credit criteria. A guarantee creates real obligations for the family member, so independent legal and financial advice is strongly recommended.
Pre-approval commonly lasts around 90 days, although this varies by lender. If it expires before you buy, it can often be refreshed with updated documents and a new assessment.
Ready to plan your first home loan?
Start with a clear view of your deposit, borrowing capacity and next application steps.