First Home Buyer Loans
First Home Buyer Loans
Your First Home Ownership Starts Here
Buying your first property is one of life’s biggest milestones. At Kesh Finance Solutions, we’re here to make the process simple, clear, and stress-free—so you can buy with confidence and enjoy the journey.
Whether you’re just beginning to explore your options or ready to make an offer, our experienced mortgage specialists are here to help with the right 1st time buyers home loan tailored to your goals and financial situation.
What Is a First Home Buyer?
A First Home Buyer is someone purchasing a property for the first time—whether it’s to live in or as an investment. In Australia, first home buyers are eligible for a range of government grants and incentives to help ease the financial burden of buying their first home.
If you’ve never owned property in Australia—or haven’t owned in the last few years—you may qualify for a 1st time buyers home loan with added benefits. Even couples where only one person has previously owned property can still be eligible under certain criteria.
First Home Buyer Loan Basics
A first home loan is similar to a standard mortgage but may come with added benefits:
Lower deposit options
(as little as 5%)
Access to
government schemes
Stamp duty
concessions
No Lenders Mortgage Insurance (LMI) under some programs
Your mortgage broker (that’s us!) helps you choose the right lender and structure for your situation.
Government Schemes for First Home Buyers
First Home Guarantee
(formerly First Home Loan Deposit Scheme)
- Buy with as little as 5% deposit without paying LMI
- Limited spots released annually
- Available through select lenders
First Home Owner Grant
(FHOG)
- One-off payment of up to $10,000 (depending on the state or territory)
- Typically applies to new builds or off-the-plan homes
Stamp Duty
Concessions or Exemptions
- Most states offer reduced or waived stamp duty for eligible first home buyers
- Can save you thousands on upfront costs
Note: Eligibility and amounts vary by state. We’ll walk you through what applies to you.
Costs Involved in Buying Your First Home
Here’s what to budget for beyond your deposit:
Stamp duty
(unless exempt)
Legal and
conveyancing fees
Loan application fees
(if applicable)
Building &
pest inspection
Lenders Mortgage Insurance
(LMI)
if your deposit is less than 20% and you’re not eligible for the government guarantee
Types of Properties You Can Buy
As a first home buyer, you can purchase:
- A new home (eligible for most grants)
- An established home
- An off-the-plan apartment
- A vacant land to build your dream home
Each option comes with its own pros, cons, and lending rules. We’ll help you navigate them all.
Tips for First Home Buyers in Australia
- Check your credit score before applying.
- Stick to a realistic budget—don’t stretch yourself too thin.
- Factor in all upfront and ongoing costs.
- Get pre-approved before you start house hunting.
- Consult a mortgage broker to compare rates and lenders.
- Consider long-term lifestyle needs, not just price.
Why Choose Kesh Finance Solutions?
Personalised Support
You’ll have one friendly mortgage expert guiding you from your first call to settlement day.
Access to Over 30 Lenders
Compare a wide range of competitive home loan options, all in one place.
Fast Pre-Approvals
Speed up your property purchase with efficient pre-approval assistance.
Government Incentives Guidance
Learn exactly what grants and schemes you’re eligible for and how to apply.
No Cost to You
Our service is completely free; lenders pay us when your loan settles.
Tyson Astill