First Home Buyers
We’ll guide you through this exciting process to ensure it’s seamless and satisfying, not stressful.
How we help
List of Services
With so many loans and lenders, finding one that really suits your needs can be quite daunting, even for experienced property buyers.
It’s easy to walk into your existing bank, right? You’ve been there since the Dollarmite days after all! EverLend not only has greater access to a wider range of loans, we have the experience and expertise to narrow these down to just a handful of options, tailored to you.
We’ll help you choose from these options, manage the entire application process, and secure the all-important approval that gives you the green light to buy.
We are also here to guide you through the buying process, as we appreciate it is a new experience! We want to ensure you don’t miss any key steps and understand every aspect in plain English.
First home buyer FAQs
How much deposit do I need to buy my first home?
Many lenders accept a deposit of 5% to 10%, although lenders mortgage insurance usually applies when you borrow more than 80% of the value. Eligible buyers may be able to buy with a 5% deposit and no lenders mortgage insurance through the federal Home Guarantee Scheme, and a family guarantee can also reduce the cash you need. We work out what is realistic for your income and the property you want.
What government help is available for first home buyers in Victoria?
Depending on the property and your circumstances, you may be eligible for the First Home Owner Grant on a new home, a stamp duty exemption or concession, and the federal Home Guarantee Scheme. Eligibility rules and price caps change, so we check the current criteria against your purchase before you make an offer.
Should I get pre-approval before I start looking?
Yes. Pre-approval gives you a clear budget and shows agents you are ready to buy. It is not a final approval, as the lender still needs to assess the specific property, but it helps you bid with confidence.
How does a mortgage broker help a first home buyer?
We explain each step, compare loans from more than 60 lenders, check which schemes you qualify for and manage the application through to settlement, so you are not working it out on your own.
Helpful guides
- First home buyer checklist
- How much deposit do you need?
- Going from renting to buying your first home
We help clients across St Kilda and Melbourne's inner south and south east. See all locations.
Ready to learn more?
Whatever you need, get in touch and we’ll get the ball rolling. The sooner you reach out, the sooner you’re on your way to securing the right loan!
Contact Us
GREAT REVIEWS FOR OUR SERVICES
A client for life!
This was my first home and I had absolutely no idea what I was doing. I was taking a major risk and with Evelyn by my side, I felt confident in my decisions.
I am only 21, but Evelyn took me and my situation seriously; something I struggle to find in many professional settings.
She made the process so easy. One initial phone call, one email, one confirmation video call, and boom, loan approved. I did ring her 348574 times to ask 92343458 questions, but she happily answered them all, in detail.
She gave me options and spoke me through each one. She also did not just sign me up with the best deal, but also a bank that was going to look after me for the long-term.
And the best part? I did not have to pay a cent.
This may have been my first home but certainly will not be my last, and Evelyn has earned a client for life.
Shannon Willcox
