First Home Buyers

The first step towards owning your own home is exciting and overwhelming. It’s natural you’ll have plenty of questions – that’s where we can help. Your local Mortgage Choice broker can take the stress out of the process of your first home loan with expert advice and support.

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What you need to know

First home buyers home loan support

The home buying process

The step by step guide to what's involved in buying your first home, including the home loan process.

Home buying costs

Buying a home will cost you more than what's written on the property price tag. Generally speaking, you will need to allow 5% of the property's purchase price to afford the additional buying costs.

Need a guarantor?

A guarantor loan can help first home buyers buy a place of their own even with a small deposit. Here's what you need to know about a guarantor home loan.

Your local broker can organise a home loan pre-approval now to help you move quickly when you’ve found the one.

First home buyer broker support

How a broker can help first home buyers

Explain the costs & process

Your broker can explain all the costs and steps involved in buying a home and give you a realistic picture of what you can borrow.

Apply for incentives

In Australia, there are a number of government incentives available to first home buyers. We’ll let you know whether you’re eligible for assistance schemes such as the First Home Owners Grant (FHOG) and help with the paperwork.

Help you get pre-approval

If you haven’t yet found the right home, your broker could help to organise pre-approval so you can shop for your new home with confidence, knowing exactly what you can afford.

Support you all the way to your first home

When you’re ready to move ahead with your first home loan, your broker will prepare all the paperwork and support you at every step to settlement.

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Property Ownership

This guide outlines the essential steps to achieving property ownership, starting from the first appointment with a mortgage broker all the way to settlement.

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What Our Clients Say

From tradies to retailers to startups, businesses across Australia trust Pilbara Finance
to make funding simple and stress‑free.

FAQs

Find clear and simple answers to the most common questions about our services.

First home buyer FAQs

What types of business loans can I get through Pilbara Finance?

We work with over 45 lenders, giving you access to a full range of options including equipment finance, working capital, invoice financing, commercial property loans, and more.

How long does it take to get a loan approved?

Many of our clients receive approvals within 24-48 hours, depending on the lender and the complexity of the application.

Do I need perfect credit to get approved? 

No. While good credit helps, we work with a wide panel of lenders who can accommodate different credit histories.

What documents will I need?

Generally, you’ll need basic financials (bank statements, BAS, or tax returns) and identification. Exact requirements depend on the type of loan and the lender.

Will applying for a business loan impact my credit score? 

We use smart matching to pair you with lenders likely to approve your application, minimizing unnecessary credit checks.

How do you find the best deal for me?

We compare products across our 45+ lender panel to find the most competitive rate and terms for your business.

Is there any obligation to proceed once I get a quote?

Not at all. We provide quotes so you can see your options before making any commitment.

Have another question? Contact us today and we'll see how we can help.

Additional resources

Ready to buy your first home? These grants may help you

First Home Owner Grant

The First Home Owner Grant is a lump sum of cash available to help with the cost of buying your first home or vacant land to build on. Find out more and see if you're eligible.

2022 First Home Guarantee

Since January 2020, the Government has introduced the First Home Guarantee scheme (Previously known as the First Home Loan Deposit Scheme), for first time buyers, which allows approved applicants to take out a mortgage with just a 5% deposit and avoid paying lenders mortgage insurance. Spots are limited, find out if you're eligible today.

Family Home Guarantee

Siyantika Glory

The federal government has launched an initiative to allow single parents to take out a home loan deposit with as little as 2% (subject to being able to service home loan repayments). Here we explore what's involved in this scheme and if you could be eligible!

Regional home Guarantee

Make that tree-change a reality with the Government’s Regional Home Guarantee. First home buyers and others can buy a regional home with just a 5% deposit and save thousands by avoiding LMI.

New Home Guarantee

Announced in the 2021-21 Federal Budget, the Government has allocated an additional 10,000 places to the First Home Loan Deposit Scheme (FHLDS) to the new home guarantee until 30 June 2022. Find out more to see if you're eligible today!