First Home Buyer Loans - Your Guide to Getting Started
Buying your first home is a big milestone – and we’re here to make it feel achievable, not overwhelming. At Money Bar, we guide Melbourne first home buyers through navigating the lending landscape with clarity, confidence and smart loan structures tailored to your goals.
From understanding your borrowing power to securing the right pre-approval, our expert mortgage brokers walk you through every step – so you feel supported, not sold to.
What Is a First Home Buyer Loan?
A first home buyer loan is a type of home loan designed specifically to help people purchase their first property. These loans often come with government incentives like the First Home Guarantee or stamp duty concessions, making it easier to get into the market.
Why It Matters: Understanding first home buyer loans means knowing your options – from low-deposit loans to variable or fixed rates – and how each choice affects your long-term finances.
How to Qualify for a First Home Buyer Loan
Getting a first home buyer loan in Australia typically depends on:
- Your income and employment history
- Savings and deposit amount (generally 5–20%)
- Credit score and repayment history
- Property type and value
- Eligibility for government grants or schemes+
Tip: Some lenders offer loans with no LMI (lender’s mortgage insurance) for eligible first home buyers – ask us how.
What Support Is Available for First Time Buyers?
Buying your first home comes with more support than you might think. Depending on your situation, you may be eligible for:
- The First Home Guarantee (formerly First Home Loan Deposit Scheme)
- Stamp duty exemptions or concessions (state-dependent)
- First Home Owner Grant (new builds only)
- Lender-specific discounts for first time buyers
We’ll help you unlock every benefit you’re eligible for – no guesswork, no missed opportunities.
No Deposit? Here’s What You Need to Know
If you’re struggling to save a 20% deposit, you’re not alone — and it doesn’t have to be a dealbreaker.
Some lenders offer low deposit home loans (as little as 5%) or accept a guarantor loan where a family member supports your application. We’ll assess your options and explain the risks, benefits and long-term impact — so you can buy with eyes wide open.
How We Help First Home Buyers Move With Confidence
At Money Bar, we work differently to most brokers.
- We don’t just “get you a loan” – we build a smart finance strategy for you.
- We’re not tied to any one lender – we compare 40+ to find the right fit.
- We speak human, not jargon – and we’re here when you need us, not just when the bank calls.
Whether you’re buying solo, as a couple, or with help from family, our process puts you in control.
Our 3-Step First Home Loan Process
- Clarity: We map out your borrowing power, deposit needs, and loan options.
- Strategy: We structure your loan around your goals, budget, and timeline.
- Support: We manage the paperwork, deadlines, and lender negotiations – start to finish.
Speak to a Specialist First Home Buyer Broker Today
You don’t have to figure it all out alone. Book a free call with a Melbourne-based first home loan expert who speaks your language – and genuinely cares about your outcome.
Here to help
Reach out to us effortlessly! Whether you opt for a chat, an email, or a brief form, we’re ready to establish a connection and offer the personalised assistance you require. Select your preferred contact method and initiate the discussion today.
Email: money
Phone: 0476 291 998
Address: 547 Chapel Street, South Yarra, Victoria, 3141