0409 284 929 Contact us
OUR SERVICES

FIRST HOME
BUYER LOANS

Thinking about buying your first home? It’s a very exciting step in your life. Your first home is a major investment, probably the biggest one you’ll ever make. The process might seem a bit overwhelming, especially if you’re new to the property market.

As your mortgage broker, we’re here to simplify things for you. We’ll be right by your side, guiding you every step of the way, from your application to the final settlement.

GET IN TOUCH

GET INTO YOUR FIRST
HOME SOONER WITH
A FIRST HOME
BUYERS MORTGAGE

For first-time homebuyers, navigating the intricacies of homeownership can sometimes feel like a bit of a maze. The array of available first home buyer loans, each with its distinct features, and the various income criteria set by lenders can make the journey seem daunting.

Fortunately, here at Rarebreed, we bring a wealth of expertise to the table, making us well-equipped to simplify this process for you.

Our team of experienced professionals is well-versed in the diverse landscape of loan options in the market. We understand the typical income criteria lenders look for and recognise the importance of aligning your chosen first home buyer mortgage with your unique savings and income.

With Rarebreed by your side, you can rest assured that we’ll take the time to understand your financial objectives and constraints. We will work closely with you to identify the home loan that best suits your specific needs and aspirations. Our goal is to provide clarity amidst the complexity, making it easier for you to make well-informed decisions about your future first home.

So, as you embark on this exciting journey of homeownership, remember that Rarebreed is here to serve as your knowledgeable guide. We are committed to helping you find the perfect home loan that seamlessly aligns with your financial circumstances.

GET IN TOUCH

FIRST HOME BUYER GUIDE

It's crucial to limit the number of credit inquiries on your credit file, as each application can impact your credit score. At Rarebreed, we match your financial profile with banks to improve your chances of approval.
We'll help you understand what you need to save for your deposit and purchase costs, including government fees and legal expenses. We'll also provide options to show how property prices affect your savings and home loan choices.
Most major banks now require an 8% minimum deposit to purchase a property. This includes mortgage insurance premiums, which can be as high as 3% for loans over $300k. However, at Rarebreed we offer special home loan packages for first home buyers with just a 5% deposit.
Some banks consider your rental history as an alternative to genuine savings, allowing you to use gifted funds from family and additional savings. You'll need to provide 6-12 months of good rental history through a property manager or onsite manager.
WA offers stamp duty concessions for first home buyers, with no stamp duty on properties up to $430,000. There are discounts for properties between $430,001 and $530,000. You can also receive a $10,000 First Home Owners Grant for house and land packages or new property purchases.
Family equity home loans are gaining popularity, enabling you to buy a property with a minimal deposit. This option eliminates the need for mortgage insurance, typically saving over $10,000 compared to a 95% home loan.
With a family equity home loan, the bank lends only 80% of the property's value, eliminating the need for mortgage insurance. The remaining balance is secured using one of your parents' properties as a limited guarantee. Our mortgage brokers at Rarebreed can guide you and explain the process to your family.
We have assisted numerous clients in securing family equity home loans, even if they already have some savings. If your parents own their property or have a small mortgage, they may be able to assist. We are here to discuss this option with your family and guide you through the process.
GET IN TOUCH
CONTACT US START YOUR
FREE CONSULTATION

Subscribe to our newsletter

Get the latest news and updates directly to your email.