First Home Buyer Loans Perth Grants & Guidance

The expanded scheme eliminates income caps and raises property price thresholds, allowing first-home buyers to purchase with just a 5% deposit and avoid lenders mortgage insurance. The Home Guarantee Scheme (HGS) helps eligible buyers purchase a property with as little as a 5% deposit (or 2% for the Family Home Guarantee). The Government acts as guarantor for part of the loan, which means buyers can avoid paying lenders’ mortgage insurance (LMI) — a cost that can run into tens of thousands. Navigating the property market in Perth for the first time can be a complex task, especially when it comes to securing a mortgage loan. Understanding the types of mortgage products available, assessing your borrowing capacity, and aligning with the right financial professionals are essential steps for first-home buyers.
Housing and Works will consider the sale of a property to eligible tenants within the context of its current priorities and planning. We also provide a guide on what to do if you wish to make a complaint about us. "So helpful! Saved me a bunch of time and money. Thankyou for your assistance and Low Deposit Home Loans Perth efficiency." Before signing a contract for your first home, you generally need to apply for and receive a FHSS determination from the Australian Taxation Office (ATO). After signing the contract, you then apply for release with your super fund.

A contract will then be written up so you can arrange the finance approval for your loan. Partner lenders with loans marked as ‘sponsored’ may pay a commission to Money.com.au if you click to visit their website. You can  generally borrow up to 90-95% of the property’s value for a first home buyer mortgage, plus LMI. How much you can borrow as a first home buyer will depend on your deposit (i.e. your LVR) as well as your income, expenses and liabilities (including outstanding debts). About a third of first home buyers in Australia have used a government guarantee scheme in the last financial year, according to the National Housing Finance and Investment Corporation (NHFIC).
Assess your current financial situation, including savings for a deposit, debt levels, and income stability. First home buyers may need to demonstrate financial readiness to lenders when applying for a first home buyer loan or comparing different first home buyers mortgage products. This process involves verifying your financial health and determining how much you can borrow. Pre-approval helps you shop for a home within your budget, whether you’re looking to buy an established home or build a new one in the Perth metropolitan area. Many applicants choose to work with a mortgage broker for first home buyers at this stage to strengthen their application. This is a one-off payment designed to assist first-time homebuyers in purchasing or building their new home.
Explore different home loan options to find one that suits your financial situation and home-buying goals. Consider the government’s first home guarantee WA, which may allow you to buy a home with a lower deposit. Compare interest rates, fees, loan features, and flexibility offered by various lenders to determine which first home buyers loan Perth products match your situation best. We have carefully selected land in prime locations across Perth and paired them with our stunning home designs. This ensures that even at a lower price point, you’re getting a home that is well-designed, functional, and in a location that suits your lifestyle.

Use digital comparison tools such as RateBuster.com.au to  evaluate Perth’s latest rates, cashback deals, and low-deposit offers. Even a 0.25 % rate difference can save tens of thousands over a 30-year loan term. You pay more interestBorrowing more money means you’ll pay more in interest over the life of the loan.
We can value your property for free and let you know if this option is available to you. A no deposit home loan, often called a 100% home loan, allows you to borrow the entire purchase price of the  property without an upfront deposit. First-time buyers particularly value their patient guidance through the entire process, with dedicated brokers like Divyang Patel providing personalized service tailored to individual needs. Customers consistently praise the team's ability to remove stress from the home buying process. Rather than navigating multiple banks alone, clients benefit from comprehensive research and presentation of the best loan options tailored to their needs. Their brokers secure competitive interest rates while maintaining excellent communication throughout the entire process.

Luckily, you’ve got options to choose from, like low down payment loans, programs for lower credit scores, and some of the best home loans for first-time buyers. Our experienced team can answer your questions, assess your eligibility for various government schemes, and guide you through the entire home loan process. Variable Rate Loans These loans fluctuate with the market interest rate, which means your repayments may increase or decrease over time.
This allows us to pass those  savings directly on to you through competitive home and car loan rates. The guarantee is issued by Housing Australia to the lender, not to you directly. It covers the difference between your 5% deposit and the 20% threshold — essentially up to 15% of the  property value.
We help you prepare for pre-approval and match you with lenders that align with your financial position. Choosing the right loan structure can affect your repayments and long-term flexibility. There are several loan types that may suit first home buyers depending on your goals and financial position. There are several programs that may help reduce your upfront costs and make it easier to enter the market. The right option depends on your financial position, the property, and lender criteria.

Previous brokers didn’t care about structuring or providing us with products that would be best suited to our needs. If you want a good experience, definitely work with Seed, especially if you are an investor, self employed or have any unique situation. Gerry is highly professional, responsive and patient with all questions. My experience was seamless, and I was able to achieve the desired outcome quickly. If you need a new mortgage broker make sure Gerry is on your shortlist. Getting a home loan without a deposit has massive benefits, but it also carries unique risks.
Despite very strong population growth, we’re just not building enough new dwellings, and this has put pressure on housing supply reflected in low rental vacancy rates and higher house prices. Several government grants may be available to you, such as the First Home Owner Grant (FHOG), which can help first-time homebuyers with the cost of purchasing a new home. There’s also the potential for a Keystart Home Loan for eligible Western Australia residents. We recommend discussing your eligibility for these grants with our team or your financial advisor. We take care of the finance application, make sure you receive the government grants you’re entitled to, provide settlement support and arrange all insurance needs. State and local programs may help with closing costs like inspections, title fees and escrow charges.

Perth Finance Centre has the unmatchable power to access 700 loan options from 45 lenders, including the top 20 banks – Finding you the best option, maximum borrowing, first time, every time. If you decide to purchase a home, then we will complete all the mortgage and first home owner grant paperwork on your behalf, taking some of the worry away. As a mortgage broker, our goal is to have long term relationships with all of our customers, to answer and help with any finance queries you have now, and in the future. From 1 October 2025, eligible first-home buyers in WA can purchase with a 5% deposit without paying Lenders Mortgage Insurance (LMI). There’s no doubt these new incentives will set off a wave of excitement. With the deposit hurdle lowered and stamp duty concessions in place, many first-home buyers will feel the pressure to jump in quickly before competition heats up.
Interest-only loans are popular among investors to free up more cash, and interest on the loan may be fully tax deductible. As the name suggests, with a P&I loan, you pay both the principal of your home loan and the interest. Your regular repayments will be higher, but you’ll pay less interest over the life of the loan. This is the most common type of loan repayment structure for owner-occupiers as it helps build equity in your home from day one. Owner-occupier home loans generally have  lower interest rates as they’re considered less risky than investment loans. LVR is a major factor lenders consider when evaluating your borrowing capacity and interest rate.