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:
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.
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 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.
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:
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.
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 ApprovalA 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 LoanHome 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 LoanBefore 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 LoansAn 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 LoanA 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 LoanWork out how much you can borrow based on your income and expenses
Calculate NowDiscover how much you can save by refinancing or switching home loans
Calculate NowWork out how much it could cost you to purchase a property
Calculate NowEnter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
Enter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
For a first home loan, most lenders prefer a deposit of at least 20% of the property’s purchase price. If you have less than 20%, you may still be able to buy with a smaller deposit (as low as 5–10%), but you’ll usually need to pay Lenders Mortgage Insurance (LMI).
At Fox Home Loans, we are just one call away to help you explore your options and find the best solution for your situation.
Stamp duty is a tax that we pay when we buy a house and is payable when the home contract becomes unconditional. The stamp duty amount that you are required to pay is different in each Australian State. Note that stamp duty is an overhead fee and cannot be included in your home loan (stamp duty is not included in the Loan-To-Value Ratio calculation).
Upfront fees and charges are the costs you pay when taking out a home loan. They can include application or establishment fees, valuation fees, legal or settlement costs, and sometimes government fees such as stamp duty.
These are usually one-off payments, separate from your ongoing loan repayments.
To understand exactly what fees may apply to you, call us today for an obligation-free chat, no commitment required.
There may be benefits, depending on the state where you build. First Home Buyer in particular, could be eligible for concessions that may save you thousands when constructing a new home.
Let us handle the heavy lifting and call us today for obligation-free guidance.
This depends on your deposit, the amount you’re borrowing, and several other factors. Our Lending Specialists can let you know if you qualify for a product without, or if it’s something you’ll require to proceed.