02 Buying
First home buyer loans
The full run from deposit to keys, including the New South Wales concessions you are entitled to.
First home buyers get the longest appointment we run, because there is the most to explain. We cover what your deposit needs to be, whether lenders mortgage insurance is worth paying or worth avoiding, which state concessions and federal scheme places you qualify for, and what the contract, the cooling off period and the settlement date actually commit you to. Around here a first purchase often means older brick and weatherboard stock in Adamstown, Lambton or Cardiff, which brings its own valuation and building report questions.
What is included
- Deposit, duty and grant eligibility check for New South Wales
- Guarantor and government scheme options set out side by side
- Application, valuation and approval managed for you
- A settlement timeline you and your conveyancer both work from
No fee to you
Nothing to pay us. First home loans are lender-paid, and we disclose the commission on each option in writing before you pick one.
Book a first home chator call (02) 5550 0020
02How it runs
5 steps, in this order
Typical first appointment: 90 min first appointment. You are told which step we are on, without having to ask.
- 01 Work out your real deposit position and what it changes
- 02 Check eligibility for state concessions and federal scheme places
- 03 Compare the lenders whose policy suits a first purchase
- 04 Lodge, manage the valuation, and get to formal approval
- 05 Coordinate with your conveyancer through to settlement day
03Asked often
Before you ring
If your question is not here, it is probably on the FAQ page, and if it is not there either, ring and ask.
Do we really need a twenty per cent deposit?
No, though it is the cleanest path because it avoids lenders mortgage insurance. Plenty of our first home buyers get in with less, by paying that insurance, using a guarantor, or through a federal scheme place. We show you what each of those three routes costs you over the life of the loan, not just on day one.
Can our parents help without handing over cash?
Often yes, through a security guarantee where they put up equity in their own property rather than money. It is a serious commitment for them and we insist they get their own legal advice before anything is signed.
Which suburbs should we be looking at?
That is your call, not ours. What we can tell you is what your borrowing position realistically reaches and where valuations tend to come in tight. Older stock west of the highway will often need a building report before a lender is comfortable.
What people usually pair this with
10The first chat
Start with the first chat
Sixty to ninety minutes, at your table or ours, evenings available. Nothing to pay and nothing committed. Long enough for us to tell you what is actually possible and whether we are the right fit.
What to bring
- Recent pay slips, for both of you if you are buying together
- Three months of bank and credit card statements
- Photo identification
- A rough idea of what you already owe
- Two years of financials and tax returns, if you are self-employed
Or skip the form
(02) 5550 0020- Mon to Wed 8:30am to 5:30pm
- Thu 8:30am to 7:00pm
- Fri 8:30am to 4:00pm
- Sat 9:00am to 12:00pm, by appointment
- Sun Closed
Evening and weekend appointments are normal in this trade. Leave a message on the office line or text Marty on 0491 570 156 and you will hear back the same day.
Thanks, that is everything we need
Demonstration only. Nothing was sent and nothing was stored. On a live site this would reach hello@junctionhomeloans.com.au and a booking would be confirmed by phone.