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First Home Buyers Finance

We’re here to guide you toward achieving your homeownership goals.

Buying your first home is a huge milestone, and while it’s exciting, it can feel overwhelming too. That’s why we’re by your side for every step of the journey from your initial search to the moment you get your keys and beyond.

Our goal is to select the right loan, tailored to your needs, at the most suitable rate available. We’ll help make the process clearer to understand and explain the jargon in easy-to-understand language.

With a depth of knowledge in all government schemes and first home buyer programs, let’s make your first home journey one to remember.

To get started straight away connect with the M Finance team, otherwise read on to learn more.

Grant/Scheme

Details

First Home Guarantee and Family Home Guarantee Scheme
  • First Home Guarantee: Eligible buyers can purchase with a 5% deposit (lenders criteria apply).
  • Family Home Guarantee: Eligible single parents can buy a house with a 2% deposit.
  • No lenders mortgage insurance (LMI)
  • Check Property value limits for Metro and regional areas
  • Check current income criteria

First Home Super Saver Scheme
  • The FHSSS uses the tax benefits of superannuation to help you save more money to put towards your home deposit

Keystart
  • A low deposit loan for those who don’t meet the requirements of mainstream lenders.
  • Can buy a house with a deposit between 2% and 10% (subject to property location).
  • No LMI.
  • Must meet income limits.
  • Check current property value limits
  • Shared equity schemes are also available.

First Home Owners Grant (WA)
  • For new homes only (fee assistance).
  • Values do change so check current limits.

First Home Owners Grant Stamp Duty Exemptions (WA)
  • Values do change so check current limits.

*Eligibility for government benefits and schemes is subject to income criteria, residency status, property prices, and location requirements.