a+ a-

First Home Buyers

Attention: open in a new window. Print

We make it easier for first home buyers to own their home.  If you are struggling to save a deposit for your first home our family guarantee option maybe the answer to owning you own home sooner.

Easy Start Home Loan

To help get you started our Easy Start Home Loan comes with a very low on-going variable rate.

  • Family Guarantee Option available#
  • Pre-approval can be easily arranged
  • We arrange processing of the first home owners grant

  Download our First Home Buyers Guide to Applying for a Home Loan

Key Features
Variable interest rate View our Interest Rates
Maximum loan amount Up to 95% of value of property#
Term of loan Up to 30 years
Repayment frequency Weekly, fortnightly or monthly
Buying or building your home Yes
Early repayments without penalty Yes
Variable / lump sum repayments Yes
No on-going fees Yes

# Family guarantee is optional however lenders mortgage insurance is required if the loan exceeds 80% of the property value.

Family Guarantee Option

Get your home sooner when a family member guarantees part of your home loan.

Do your parents want to help you buy a home?  Our Family Guarantee Option is a way for your parents or family to help purchase a home without them actually providing the cash for a deposit.

How does it work?

Your family members can use their own home’s equity to provide additional security for a portion of your loan amount.  This solution reduces your loan to value ratio and can also save you a significant amount of money by reducing or even avoiding the need to pay lender’s mortgage insurance.  So get into your home faster, with help from your family.

Benefits for the borrower:

  • Avoid paying thousands in mortgage insurance (where the loan does not exceed 80% of the value of the property).
  • Allows you to maximize the amount you can borrow.
  • Gets you out of the rent trap and closer to owning your own home.

Benefits for the family members (guarantor):

  • Allows the guarantor to nominate a specific amount the guarantor is limited to.
  • Once the loan is reduced or the property increases in value the guarantee can be released.
  • Helps adult children purchase a home by using equity in the family members home rather that having to provide cash for the deposit.

More Information

Apply

Apply for a Home Loan Apply Now

Questions?

If you have any questions, please contact us Enquire now