First Home Buyer

Purchasing your first home is an exciting milestone, but it can also feel overwhelming. At Ambition, we are committed to helping first-time buyers navigate the complexities of the home loan process. Whether you’re looking for your first property, exploring loan options, or need advice on government grants and assistance programs, we’re here to guide you every step of the way.

Why Choose Us?

• Expert Advice: With years of experience, we offer tailored advice and solutions to match your financial goals.
• Wide Range of Lenders: We work with a variety of lenders, ensuring you get the most competitive rates and terms.
• Stress-Free Process: We’ll simplify the loan process, helping you understand each step along the way.
• Dedicated Support: Our team is here to provide ongoing support, from application through to settlement.
  

What Is a First Home Buyer Loan?

A First Home Buyer Loan is a type of mortgage designed specifically for those purchasing their first property. These loans often come with unique benefits, such as lower deposit requirements, more flexible terms, and eligibility for government grants and assistance programs. As a first-time buyer, it’s essential to understand the different types of loans available and how you can qualify for them.

How Can We Help You?

At Ambition, we specialize in guiding first home buyers through every step of the loan process:

• Assess Your Eligibility: We’ll review your financial situation and help determine which loans you qualify for.
• Explore Loan Options: Whether you’re after a variable or fixed-rate loan, we’ll help you explore the best options that suit your needs and budget
• Understand First Home Owner Grants (FHOG): We’ll explain how you can access government grants or stamp duty concessions available to first-time buyers in your state.
• Application Assistance: We’ll walk you through the application process, gathering the necessary documentation, and submitting it for approval.
• Pre-Approval & Loan Settlement: Once approved, we’ll ensure that everything is in place for a smooth settlement and assist you with any additional paperwork.

First Home Buyer Assistance Programs

In Australia, various government initiatives are available to help first-time buyers with their purchase. Some of these programs include:

• First Home Owner Grant (FHOG): A one-off grant to help you purchase or build your first home.
• First Home Loan Deposit Scheme (FHLDS): Helps eligible buyers purchase a home with a deposit as low as 5%.
• Stamp Duty Concessions: Some states offer discounts or exemptions on stamp duty for first home buyers.

We’ll help you navigate these programs and determine which ones you may be eligible for.

Frequently Asked Questions

• What is the minimum deposit required for a first home loan? In general, first-time buyers can purchase a home with a deposit as low as 5-10%, depending on the lender and whether you’re eligible for any government assistance.

• Can I apply for a loan if I don’t have a large deposit? Yes! The First Home Loan Deposit Scheme allows eligible buyers to secure a home loan with as little as a 5% deposit.

• What costs should I expect when buying my first home? In addition to your deposit, you may need to cover costs such as stamp duty, legal fees, inspections, and insurance. We’ll ensure you’re aware of all the potential costs before you proceed.

Start Your Journey Today!

Buying your first home is a big step, but with the right support, it can be an exciting and rewarding experience. If you’re ready to get started or have any questions about first home buyer loans, contact us today.

Our team of experts is here to help you secure the perfect loan for your needs and guide you towards homeownership.