First Home Loans for First-Time Buyers Across Australia

Buying your first home? We are here to help!

At SB finance, we understand that buying your first home is a special time but amongst the excitement, it can also be stressful and overwhelming. We are here to guide you through every step of the process.

Based in Sydney's Hills District and helping clients right across Australia, we make first home loans simple. We can help you understand how much you need to save, what your borrowing capacity is, what your repayments will be when you do proceed. Our experts will explain all the other costs associated with getting a home-loan including stamp-duty, settlement fees and LMI (lenders mortgage insurance) if applicable.

We have access to over 40 lenders, including all the major banks, allowing us to secure a competitive loan package tailored to your needs. We can help you work towards pre-approval before you start shopping for a property.

SB finance does not offer personal advice and aims to provide information which is factual and in-line with lenders requirements and a customers best interest. We encourage you to seek independent legal and financial advice before proceeding. our credit guide and Privacy disclosure is available on our website.

First Home Buyer Support You May Be Eligible For

Buying your first home in New South Wales can come with government assistance that many buyers don’t realise they qualify for. Depending on your circumstances and the property, this may include the First Home Owner Grant for eligible new builds, stamp-duty concessions or exemptions for first home buyers, and shared-equity or low-deposit guarantee schemes that can reduce the upfront savings required. Eligibility rules and thresholds change over time and depend on factors like the purchase price and whether the property is new or established, so it’s worth checking your situation before you start looking.

How the First Home Loan Process Works

We’ll walk you through each stage so there are no surprises. That typically starts with understanding your borrowing capacity and the deposit you’ll need, then comparing loan options from our panel of over 40 lenders to find one suited to your goals. From there we help you prepare and lodge your application, liaise with the lender through assessment, and support you all the way to settlement. Because we deal with the major banks and a wide range of specialist lenders, we can match your application to a lender whose criteria fit your circumstances.

Costs to Plan For as a First Home Buyer

Beyond your deposit, it helps to budget for other costs that can apply when buying your first home — these may include stamp duty (where a concession doesn’t fully apply), Lenders Mortgage Insurance if your deposit is below the lender’s threshold, conveyancing and legal fees, building and pest inspections, and loan establishment fees. We’ll explain which of these are likely to apply to you so you can plan with confidence.

Competitive Options

With access to over 40 lenders, we compare the market to find a finance option suited to your situation. Terms and conditions, fees and eligibility criteria apply.

Loan Deals

Talk to our team about the options available across property, asset and personal finance. We'll explain how each could suit your needs.

Quick Application

Our Application process is straight-forward and hassle free. We pride ourselves in being responsive and prompt with processing your application!

Personalised Service

Here at SB Finance we treat everybody like one of the family. We pay attention to the detail and make sure we offer nothing but first class service tailored to your needs!

Let’s talk finance

Whether you have questions or inquiries about our services, we’re here to assist you every step of the way.

Your Details - Step 1 of 3

What type of finance do you need?

First home buyer grants and concessions in NSW

Buying your first home often comes with help you may not realise you are entitled to. Depending on your situation and the property, you may be eligible for the First Home Owner Grant or stamp duty concessions that can reduce your upfront costs. Eligibility depends on things like the property value, whether it is a new or existing home, and your residency status, and the rules change from time to time. As part of your free assessment, we will walk through what you may qualify for so you have a clear picture before you start house-hunting.

How much deposit do you really need?

One of the most common questions we hear is how much you need saved. The honest answer is that it varies. A larger deposit generally gives you access to a wider range of loan options, while a smaller deposit may still get you into the market with the help of Lenders Mortgage Insurance (LMI). Some first home buyers also use a guarantor, often a parent, to help bridge the gap. There is no single right answer, and the best path depends on your goals and your borrowing capacity. We will help you understand your options and what each one means for you.

Your first home journey, step by step

Buying your first home can feel overwhelming, so it helps to know what is ahead. It usually starts with a free chat and a borrowing assessment, followed by pre-approval so you can shop with confidence. From there it is house-hunting, making an offer, formal loan approval, and finally settlement, the day the property becomes yours. Having a broker in your corner at each stage means you are not navigating the paperwork and lender requirements on your own.

Buying your first home in the Hills District

As local brokers, we know the Hills District and surrounding Sydney suburbs well. Whether you are looking around Kellyville, Castle Hill, Bella Vista or further afield, we are here to give first home buyers straightforward, personal guidance from the same area you are buying in.

Frequently Asked Questions

How much can I borrow on my First Home Loan?

At SB Finance we have access to over 40 lenders that can lend from $50,000 upwards. The total amount borrowed will vary depending on an applicant’s financial position, serviceability, property valuation and total deposit. Speak to one of our team for a free assessment!

Do I have First Home Loan Options?

Yes, at SB Finance we have several loan options that can assist with purchasing your first home. Speak to one of our team today to discuss how we can help you get a loan to suit you. We offer a free consultation to discuss your requirements and will guide you through the process of what is required to apply.

Can I get a Home Loan with Bad Credit?

Yes! With access to over 40 of Australia’s largest lenders, we do have lenders on our panel that will consider bad credit or defaults subject to the application. Speak with our team to find out more!

How much Deposit do i need for a First Home Loan?

With such a large panel of lenders to choose from No Deposit(subject to application and lender guidelines). The most common deposit amount required would generally range between 10%-20% depending on the lender.

What is LMI?

LMI stands for Lenders Mortgage Insurance and is designed to provide lenders with an additional level of protection in the event the borrower defaults (doesn’t repay) the loan.

LMI can be avoided with a deposit as per lenders guidelines (usually 20%) or a guarantor going on the loan. Speak with our team and they can discuss the guidelines around LMI.

What is Stamp Duty?

Stamp duty is a tax levied by state or territory governments on certain purchases, including buying a home, land or investment property. The amount of stamp duty charged varies depending on where the transaction takes place and the value of the property. Each state and territory has its own fee schedule, so you need to check with your local revenue office. If you are a first If you’re buying your first home you might not have to pay stamp duty if you are eligible for the state-based First Home Owners Grant.

How Can I apply?

There are several ways you can apply, all of which are simple. you can contact us on 1300 172 346 or email info@sbfin.com.au to speak with our team. alternatively, you can speak to us via any of our social media platforms or fill in the quick quote form on our page and we can reach out to you.