We keep it simple for
first home buyers
From phone call to settlement, we break it down to make it easy for you.
Where to begin?
Save for Your Deposit
This is ideally 5–20% of the property price. A larger deposit means better options (like avoiding LMI at 20%). Some schemes let you buy with as little as 5%!
Have Stable Income
Most lenders want to see 6–12 months in your job if PAYG, or 2 years of tax returns if you're self-employed. Some lenders offer "simple verification" which can reduce the paperwork!
Get Your Documents Together
Gather your ID, payslips, bank statements, savings history, and details of any current debts like credit cards or personal loans.
Know Your Budget
Use a budgeting tool or chat with a broker to figure out what repayments you can afford. Your current rent or savings are a great indicator!
Check Your Credit Score
Make sure it’s accurate and free of surprises. Brokers don’t judge—being upfront helps match you with the right lender from the start.
Minimise Spending and Debts
Cut back on unnecessary spending before applying. Closing unused credit cards and BNPL accounts can boost your borrowing power.
"They proactively checked up on progress throughout the years, provided prompt advice and made the entire process seamless. Would recommend them without a doubt to family and friends."
Michaela Bugara | Find My Mortgage customer
Easy as 1,2,3
What happens: Initial phone call to find out how we can help
What you need: Your contact information and basic details
What happens: Document collection and verification
What you need: ID, pay slips, bank statements, tax returns etc.
What happens: Application submission and eligibility review
What you need: Completed application and compliance forms
What happens: Purchase price is agreed and valuations are done
What you need: Reach out to a solicitor to help with contracts
What happens: Approval letters are issued, contracts are exchanged
What you need: Your deposit is normally paid at this stage
What happens: Document signing and execution
What you need: Witness signatures where applicable
What happens: Final fund transfer and settlement
What you need: Ensure remaining contribution is transferred
Reach out for a free chat!
Frequently Asked Questions
How much do you need for a house deposit?
Most lenders prefer a 20% deposit – for example, $160,000 on an $800,000 home. Saving this much helps you avoid Lenders Mortgage Insurance (LMI) and keeps your repayments lower.
If 20% feels out of reach, you may still be able to buy with a smaller deposit (as low as 5–10%), though you’ll usually pay LMI and may face higher rates. Government schemes like the First Home Guarantee or Family Home Guarantee can help eligible buyers purchase with as little as 2–5% without paying LMI.
Other options include gifted money from family, guarantor loans, or even using a deposit bond. While buying with a low deposit can get you into the market sooner, it often means taking on more debt, so weigh up the risks before diving in.
What are the upfront costs of buying a home?
On top of your deposit, buying a home comes with several upfront costs you’ll need to budget for. These can include:
- Lenders Mortgage Insurance (LMI): Charged if your deposit is under 20%.
- Stamp duty: A government tax, usually 3–4% of the property’s value (concessions may apply).
- Conveyancing/solicitor fees: Legal work for the property transfer.
- Property inspections: Building, pest and strata checks before you buy.
- Loan and valuation fees: Application, set-up and property valuation costs.
- Renovations: If you’re upgrading or fixing a property.
- Insurance: Home (and sometimes contents) insurance, often required by lenders.
- Strata fees (if applicable): Ongoing costs for apartments/units.
- Council and water rates: State-based charges for property owners.
These costs can add up quickly, but planning ahead means fewer surprises on your homeownership journey.
What’s the difference between pre-approval and full approval?
Pre-approval (or conditional approval) means a lender has assessed your finances and is likely to approve your loan, subject to conditions. Full approval happens after you’ve found a property and the lender completes all checks, including valuation.
Should I buy an established home or build a new one?
Buying established can mean less waiting and access to established areas, while building new may give you access to government grants and energy-efficient homes. The right choice depends on your goals, budget, and lifestyle.
What should I do before I start house hunting?
Get pre-approved, set a budget, research areas, and factor in extra costs like stamp duty, conveyancing, and moving expenses. This preparation helps you act quickly and confidently when you find the right property.