Buying your first home is a big moment. At STE Lending, we make the process clearer so you know what to expect and what you can actually afford. I walk you through your loan options, explain the steps, and help you feel confident from the start.
There are a few government schemes that can help first home buyers get in sooner. One of the most popular is the First Home Buyer Guarantee. This scheme lets you buy with as little as 5% deposit with no LMI when you choose a lender that supports it. That can save you thousands and cut years off your saving time. I check if you qualify and explain exactly how it works.
If the scheme doesn’t apply to you, LMI can still be a helpful tool. LMI lets you borrow more with a smaller deposit so you can get into the market earlier. Many first home buyers use LMI for this reason. It means you start building equity sooner instead of waiting for a bigger deposit.
You don’t need to know all the rules before you start.
You just need someone to guide you.
I explain how your income, savings, and credit history all play a part. I compare lenders across Australia and show you which loan structure suits you. Fixed, variable, or a mix. You get clear answers based on your goals.
If you’re thinking about buying your first home, book a chat with me. I’ll help you understand what’s possible and what you need to move forward.
Most lenders ask for at least a 5% deposit, plus money to cover costs. With the First Home Buyer Guarantee, you can buy with as little as 5 percent deposit and pay no LMI if you go with a lender that supports the scheme. I help you check if you qualify and what your real deposit needs to be.
Yes, if you qualify for the First Home Buyer Guarantee. This scheme allows approved buyers to purchase with a 5% deposit and no LMI up to 95% LVR. If you don’t qualify, LMI is still an option and often helps first home buyers get into the market sooner.
Your borrowing capacity depends on your income, expenses, debts, credit history, and how each lender calculates your affordability. Every bank is different. I run the numbers across multiple lenders so you get a clear picture of what you can actually borrow.
There are a few options depending on where you live and your situation. The big ones include the First Home Buyer Guarantee, the Regional First Home Buyer Guarantee, and the Family Home Guarantee. Some states also offer stamp duty discounts. I check all of this for you so you only look at the schemes you’re eligible for.
It depends on the state and the property price. Some states offer full or partial exemptions for first home buyers. I help you check the rules for your state so you know exactly what your upfront costs will be.
Yes. Many lenders accept genuine savings plus a gift from family. Some schemes also allow gifts. I check the lender rules and let you know what counts as genuine savings for your situation.
You don’t have to use one, but it usually makes the process much easier. A broker compares lenders, helps with paperwork, checks your eligibility for schemes, and gives you clear guidance from start to finish. I do all the heavy lifting for you so you’re not guessing your way through it.
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STE Lending Pty Ltd Credit Representative Number 562710 of QED Credit Services Pty Ltd Australian Credit Licence Number 387856
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