First Home Buyer Loans Rates

They assess the financial situation and needs of their clients, providing advice on the most suitable loan options. First home buyers of all income levels can now purchase a property with only a 5 per cent deposit, avoiding costly lenders mortgage insurance (LMI). Lender’s Mortgage Insurance (LMI) is a type of insurance often required by lenders when the borrower has a deposit of less than 20% in Western Australia. It protects the lender in case the borrower defaults on the home loan. LMI is a one-time premium paid by the borrower and can be added to the loan amount.
You can buy a house with no deposit by getting a no deposit home loan. These loans replace the need for a Mortgage Broker Perth deposit with alternative forms of security or financial backing. Meet Claire, an awesome customer of ours who came to us when she wanted to refinance her home loan and later purchase an investment property.

These events also highlight Perth suburbs that offer affordability, lifestyle, and future growth potential, helping you make informed decisions about where to buy. While the opportunities are there, breaking into Perth’s property market does come with its challenges. The rising demand for housing, especially in high-growth areas, means FHBs are competing with investors and existing homeowners. Property prices keep rising in Melbourne and I sometimes feel I’m playing catch-up – I save more but prices go up and cancel out any progress. It’s helping people like me take that first step on the property ladder sooner.
Plus, get local market and property insights when you connect with a lender. Access expert guides, calculators, and help with government grants and schemes — all designed to make your journey easier. Property investment is one of the safest and surest roads to building personal wealth. If you’re new to investing and you want an experienced, trusted advisor who’s got your back, we can help.
This will result in lower overall borrowing costs and monthly repayments. As an added benefit, the lowest home loan rates are often only available with a higher deposit level of 20% of more. Buying a home is more than just securing a loan and placing an offer; it’s about making informed decisions every step of the way. Proteger Finance Solutions’ Smart Property Buyers Guide takes the guesswork out of the process, breaking down everything you need to know before, during, and after your purchase. From hidden costs to legal considerations, our guide helps you feel confident, prepared, and in control. Download it today and take the first step towards a smoother, smarter property journey.

It’s a standard example and may not reflect your actual borrowing amount, loan term, or repayment frequency – so use it as a general guide, not a personalised estimate. It combines the loan’s interest rate and most fees into a percentage to help you accurately compare products  across different lenders and find the cheapest first home buyer home loan. Exit feeYou might pay an exit fee (or a discharge fee) when you pay your mortgage in full. Early exit fees or break costs apply when you pay off your home loan early. Annual package feeA yearly fee charged on a package home loan to bundle your mortgage with other financial products like a credit card or savings account. Annual package fees can range from $300 - $500, depending on the loan product.
Refinancing is the term used when you switch your home loan from one provider to another. Refinancing your mortgage involves looking at a number of different factors and it can be complicated so take your time, do research and plan ahead. Get a tailored snapshot of our fixed and variable interest rates, based on your loan type and term. Home Group acknowledges the Whadjuk Nyoongar people as the traditional custodians of the land on which we work and live.

Just make sure they’re accredited and offer access to a wide range of quality lenders. Yes, self-employed first home buyers can qualify for a home loan, but the application process may require alternate documentation. Lenders typically ask for up to two years of tax returns and financial statements.
This allows us to pass those  savings directly on to you through competitive home and car loan rates. The guarantee is issued by Housing Australia to the lender, not to you directly. It covers the difference between your 5% deposit and the 20% threshold — essentially up to 15% of the  property value.
Vibrant Finance’s reliable first home buyers loan Perth experts offer local market insights to help you buy at the right time and in the right area. From navigating the financial paperwork to understanding eligibility for programs like the first home owners grant Perth, the process of buying a first home seems complex. But with our first home buyer assistance WA experts and access to the first home buyers grant Perth, your journey becomes far more manageable. Our suitable first home buyers loan Perth and first home loan WA support is your trusted partner in providing you with the assistance. Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation.

In another scenario, a rate cut earlier than May would lead to house price growth in every state, including up to 20 per cent growth in Perth and 16 per cent in Brisbane. Under the SQM report's other three scenarios for the nation's housing market in 2025, prices range from 20 per cent growth in Perth to a 10 per cent decline in Sydney. "Our house price leading index still points to solid price growth over the coming months and we should get some support from rate cuts," he said. The report presents four scenarios based on different government policies and global economic trends to predict house price growth and decline.
It gives  you an idea of how much you can borrow to buy a property and what you can offer to potential sellers. Having pre-approval shows you’re a committed buyer and that you’ve already started your home loan application. This can put you in a good position to get full approval for your loan and exchange contracts before others in the market. Eligible first home buyers in WA may also receive transfer duty relief through the First Home Owner Rate, which is a concessional rate of duty for certain purchases of homes or vacant land.

The easy to use mobile app will keep you up-to-date with the progress of your loan anytime, anywhere with alerts straight to your phone. It's now even easier to get your loan approved and settled fast, no matter where you are. You'll receive your login details to manage your repayments and account details via our Smart Money app.
Lewis Kitson Lawyers offers an extensive suite of settlement and conveyancing services. From initial contract drafting to final settlement, we handle all aspects meticulously. Whether it's residential, rural, or commercial property, our skilled conveyancers ensure a smooth, stress-free experience. Schedule a consultation today to experience our personalised approach. PM&C acknowledges the traditional owners and custodians of country throughout Australia and acknowledges their continuing connection to land, water and community. We pay our respects to the people, the cultures and the elders past, present and emerging.