First Home Buyer Loans
First Home Buyer Loans Australia: Compare 60+ Lenders and Get Into Your First Home Sooner
Get into your first home sooner, with expert guidance on deposits, grants and the right loan for your situation.
Lodestar Finance helps first home buyers across Australia secure the right loan, the first time. We compare lenders, unlock government schemes you may be entitled to, and handle the paperwork, so you can focus on finding the home.
Lodestar Finance Pty Ltd · Credit Representative (CRN 571879) of Purple Circle FS · Australian Credit Licence 486112 · 60+ Lenders Compared
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Transparency
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Clients Served
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How First Home Buyer Loans Work in Australia
Chat With A Broker
We assess your income, savings and goals, and estimate your borrowing power.
Get Pre Approved
Shop for your home with a clear budget and confidence in front of agents and vendors.
Find Your Home And Apply
We match you to the right lender and scheme, and manage the full application.
Settle And Move In
We coordinate through to approval and settlement, so nothing falls through the cracks.
First Home Buyer Loan Options We Arrange
Low Deposit Home Loans
Purchase with a smaller deposit through the First Home Guarantee, avoiding lenders mortgage insurance and getting into the market sooner.
Standard First Home Buyer Loans
Competitive variable and fixed rate options for buyers with a full deposit, including offset and redraw features.
Guarantor And Family Pledge Loans
Use a family member's property to boost your deposit position and reduce or remove lenders mortgage insurance.
Investment Property Loans
Already planning ahead, or building a portfolio after your first purchase. We structure investment loans around cash flow, equity and long term growth. Learn more.
How Much Deposit Do You Actually Need
Most lenders ask for a 20% deposit, or lenders mortgage insurance applies. As a first home buyer, you likely do not need anywhere near that.
Through the Australian Government 5% Deposit Scheme, eligible buyers can purchase with just 5% deposit while the government guarantees the rest, with no lenders mortgage insurance to pay. On an $800,000 property, that can mean a $40,000 deposit instead of $160,000.
Your exact number depends on your savings, income and the property you are after. We calculate your real deposit target in one conversation.
The First Home Guarantee Scheme, Explained Simply
The First Home Guarantee lets eligible first home buyers purchase with a 5% deposit and no lenders mortgage insurance, with the government guaranteeing the rest to the lender.
As of October 2025, income caps and the annual limit on places were removed, so more buyers qualify than ever before.
To be eligible, you generally need to be an Australian citizen or permanent resident, at least 18, planning to live in the property, and not currently own property in Australia. Property price caps apply and vary by location.
Not every lender offers the scheme. We know which ones do, and how their policies differ.
First Home Owner Grants And Other Support
Beyond the First Home Guarantee, you may also be able to access:
- The First Home Owner Grant, a one off payment from your state government for new or substantially renovated homes
- Stamp duty concessions or exemptions, depending on your state and property value
- The First Home Super Saver Scheme, allowing voluntary super contributions to be released toward your deposit
These can often be combined. We check what you qualify for before you make an offer, so there are no surprises at settlement.
With Lodestar Finance
Why First Home Buyers Choose Lodestar Finance
Low Deposit Options
Buy with as little as 5% deposit through the First Home Guarantee scheme, with no lenders mortgage insurance.
Grants And Schemes Handled For You
We check your eligibility for the First Home Owner Grant, stamp duty concessions and the First Home Guarantee, and manage the paperwork.
Whole Of Market Comparison
We compare loans across a wide panel of lenders instead of pushing one bank, so you get a loan built around you.
Support From Pre Approval To Settlement
One point of contact from your first conversation through to picking up the keys.
Testimonials
Amazing Reviews From Our Clients
Jake Wilson
Went through Lodestar Finance for my home loan and it was honestly a really good experience. No pressure, no confusion. They just explained things properly and got it done. Would use them again.
Lauren McKay
I was expecting the whole loan process to be a headache, but it wasn’t. Lovepreet handled most of it and kept checking in so I knew where things were at. Made life a lot easier.
Tom Reynolds
Everything was pretty straightforward and communication was solid the whole way through. Saved me money too, so no complaints.
Gurpreet Singh
As a first home buyer I had no idea what I was doing. The team at Lodestar were patient and answered all my questions without making me feel silly. Really appreciate that.
Chloe Bennett
Really easy to deal with and super responsive. If I had a question, they got back to me quickly. Didn’t feel stressed at any point, which says a lot.
Rohan Patel
The process was smooth from start to finish. Nothing dragged on and everything was explained clearly. Overall just a solid, reliable experience.
CALCULATORS
Get a Real Number in Under a Minute
Curious what you could borrow, or what your repayments might look like? Try one of our free calculators, no signup required.
FAQs
Frequently Asked Questions
No. Through the First Home Guarantee, eligible buyers can purchase with as little as 5% deposit and no lenders mortgage insurance, subject to price caps and lender criteria.
Most lenders ask for 20% before lenders mortgage insurance applies, but eligible first home buyers can purchase with as little as 5% through the First Home Guarantee. Your exact figure depends on your savings, income and the property price.
It is a federal government scheme that lets eligible first home buyers purchase with a 5% deposit and no lenders mortgage insurance, with the government guaranteeing the remaining amount to the lender. Income caps and the annual place limit were removed from 1 October 2025.
The First Home Owner Grant is a one off payment from your state government, usually for new or substantially renovated homes, paid toward your purchase costs rather than handed to you directly. Rules and amounts vary by state.
In most cases yes, if you meet the eligibility rules for both. We check this for you before you buy.
No. Income caps and the annual place limit were removed from 1 October 2025, so more buyers qualify than before.
It is a one off state government payment for eligible first home buyers, generally available on new or substantially renovated properties. Eligibility and amounts differ by state and territory.
Options include the First Home Guarantee, the First Home Owner Grant, stamp duty concessions, the Regional First Home Buyer Guarantee, the Family Home Guarantee and the First Home Super Saver Scheme. Which ones apply depends on where you live and your circumstances.
Sometimes, depending on your income and borrowing capacity. We can assess this now or plan a path to get there.
Yes. Lenders assess rental income, loan structure and equity differently for investment purchases. We structure these loans around cash flow and long term growth rather than just the lowest rate.
This page is general information only and does not take into account your personal circumstances. Government schemes mentioned, including the First Home Guarantee and First Home Owner Grant, are subject to eligibility criteria and lender terms which may change. All loans are subject to lender approval. Lodestar Finance is a credit representative (571879) of Purple Circle Financial Services Pty Ltd, Australian Credit Licence 486112.
Ready To Buy Your First Home
Talk to Lodestar Finance today for a no obligation conversation about your borrowing power, the schemes you may be eligible for, and the clearest path to owning your first home.