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Home Loans for First Home Buyers

As a first-time home buyer, you may be eligible for exclusive benefits such as discounted interest rates, lender incentives, and government grants & schemes. We'll help you understand what's available and secure the best loan option to suit your goals.

To qualify as a first home buyer, you must:

  • Have never owned property in Australia.
  • Not be purchasing with a spouse or partner who has owned property.
  • Be an Australian citizen or permanent resident, aged 18 or older.

Additional state-specific criteria may also apply, but don’t worry we’re here to guide you through every step, no matter where you’re buying.

Couple signing their investment property documents
A young couple grin and digitally sign their First Home Loan documents with a broker.

Start the Journey to Your First Home

If you are buying your first home, pre-approval is not optional; it is essential. It confirms your borrowing power, strengthens your offer and sets you up for a smoother buying experience.

At Fox Home Loans, our mortgage brokers specialise in first home buyer loans and make the process simple from start to finish. Our online application is quick and easy, and our expert team will support you every step of the way, from pre-approval through to settlement.

Our Mortgage Brokers are Here to Help

Our dedicated team of mortgage brokers will help you find the right loan for your needs and explain all associated costs, including stamp duty and legal fees.

We assist with document preparation, strengthen your application and guiding you through fixed vs variable loan options. We also handle lender communication; keep you informed and ensure you understand all terms and conditions.

From application to settlement and beyond. We’re here to make the entire process simple, clear, and stress-free.

Speak with Our Team!
A young couple are handed the keys to their First Home.

Get Ready to Apply for Your First Home Loan

Applying for a first-time homebuyer loan is similar to any standard home loan application, but having a Fox Home Loans mortgage brokers by your side makes the process simple and stress-free.

To get started, you will need to prepare some key documents, including:

  • Recent tax returns (for self-employed)
  • Pay slips
  • Bank statements
  • Valid Photo ID

 

We may require further documentation dependent on application.

As a first home buyer, you can never over-prepare. Get as many of these documents as possible and make sure everything is accurate. At every stage of the process, our mortgage brokers are here to help you make informed decisions and guide you towards successful homeownership.

Contact us today to learn more about our first home buyer home loan and how Fox Home Loans can help you achieve your dream of owning your first home.

Call Us Today!

Home Loan Options

Pre Approval

Home loan pre-approval is a process by which a lender reviews your financial and credit history to determine how much money they would be willing to lend you for a home purchase. Pre-approval is not a guarantee that you will receive a loan, but it does provide an indication of how much you can borrow and the terms of the loan.

To obtain pre-approval, you typically need to provide the lender with information about your income, assets, and debts, as well as your credit score. The lender will use this information to assess your creditworthiness and calculate how much they are willing to lend you.

The pre-approval process typically takes a few days to a week, depending on the lender and the complexity of your financial situation. Once you receive pre-approval, you can start shopping for homes with the confidence of knowing how much you can afford to borrow.

Enquire for Pre Approval

First Home Buyer

A first home buyer loan is a type of home loan specifically designed for individuals who are purchasing their first home. These loans typically have features that are intended to help first-time buyers enter the property market, such as lower deposit requirements, reduced or waived fees, and government incentives.

It’s important to do your research and compare the features and costs of different loans to find the one that best suits your individual needs and financial situation. Or leave it to the experts at Fox Home Loans. We’re here to help first home buyers navigate the complex road to owning their first home.

Enquire for your First Home Loan

Home Loan Refinance

Home loan refinance is the process of replacing an existing home loan with a new loan from a different lender or with a different loan product from the same lender. The primary purpose of refinancing a home loan is usually to obtain a better interest rate or to access different loan features or benefits.

When you refinance a home loan, you essentially pay off the existing loan with a new loan, and the terms and conditions of the new loan may differ from those of the old loan. For example, you may be able to obtain a lower interest rate, switch from a variable rate to a fixed rate or vice versa, or access features such as offset accounts or redraw facilities.

Refinance your Home Loan

Home Loan Switching

Before you start the process of switching home loans, it’s important to consider why you want to make the switch. Do you want to lower your interest rate, access different loan features, or consolidate debt? Understanding your reasons for switching can help you choose the right loan product and lender.

It’s important to note that switching home loans can be a complex process, and it may be helpful to seek advice from a mortgage broker like Fox Home Loans to ensure that you are making the right decision for your individual circumstances.

Switch Home Loans

Investment Property Loans

An investment property loan is a type of home loan designed specifically for individuals who are looking to purchase a property for investment purposes rather than to live in themselves. These loans are typically used to purchase a property that will be rented out, with the rental income used to help repay the loan.

It’s important to carefully consider the costs and risks associated with investing in property and to do your research to find the right investment property loan for your needs. A financial advisor or mortgage broker may be able to provide guidance and advice to help you make informed decisions about your investment strategy.

Enquire for an Investment Property Loan

Renovation Loan

A renovation home loan, also known as a home renovation loan or a home improvement loan, is a type of home loan that is specifically designed for borrowers who want to renovate or improve their existing home. These loans can provide funding to cover the cost of renovations or improvements, which can be a more affordable way to upgrade a home than selling and buying a new property.

If you are considering a renovation home loan, it’s important to have a clear understanding of your renovation plans and budget, and to work with a reputable lender or mortgage broker who can help you find the right loan product for your needs.

Enquire for a Renovation Loan

Some Handy Calculators

Calculate Your Borrowing Power
Calculate Your Borrowing Power

Work out how much you can borrow based on your income and expenses

Calculate Now
Refinance Calculator
Refinance Calculator

Discover how much you can save by refinancing or switching home loans

Calculate Now
Stamp Duty Calculator
Stamp Duty Calculator

All it takes is a few easy steps to find out your upfront costs

Calculate Now
Property Purchase Calculator
Property Purchase Calculator

Work out how much it could cost you to purchase a property

Calculate Now
Happy Couple Cheering about Investment Loan

5 Simple Steps To Getting Your First Home Loan

  • 1. Enquire
    1. Enquire

    Enter some basic details in our simple online form.

  • 2. Speak With An Expert
    2. Speak With An Expert

    Discuss your loan preferences and application information.

  • 3. Get Pre-Approval
    3. Get Pre-Approval

    Your Lending Specialist will discuss all details of your pre-approval.

  • 4. Sign Your Documents
    4. Sign Your Documents

    With our technology, you can simply sign your loan documents electronically.

  • 5. Move In
    5. Move In

    Your loan funds will be processed when settlement is finalised. It's that simple!

5 Simple Steps To Getting Your First Home Loan

5 Simple Steps To Getting Your First Home Loan

 

What Our Clients Say

Why Choose Fox Home Loans?

Questions about your first home loan?

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