First Home Buyer Mortgage Broker in Perth

Why use a mortgage broker for your first home?

A broker can compare loans from a panel of lenders, rather than you researching each bank on your own. We look at your income, savings and goals, explain your options in plain English, and put together an application that lenders can assess quickly. That means less paperwork, fewer surprises and more confidence when you start making offers. Our clients rate us 5.0 stars from over 100 Google reviews, and we'd love the chance to earn yours too.

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How it works

1. A relaxed first chat. We talk through your situation, your budget and what you're hoping to buy. There's no jargon and no pressure.

2. Work out your borrowing power. We estimate what you could borrow and what your repayments might look like.

3. Get pre-approved. With pre-approval in hand, you can search and make offers knowing your budget.

4. Find your home. We're on hand while you inspect and make offers, so you know what you can afford.

5. Lodge your application. We submit your formal application and manage the paperwork with the lender.

6. Settlement. We stay in touch until settlement, then keep in touch afterwards to make sure your loan still suits you.
    

Grants and schemes for first home buyers

Depending on your circumstances, you may be able to access the first homeowner grant, stamp duty (transfer duty) concessions, and the Australian Government 5% Deposit Scheme, which can allow eligible buyers to purchase with a smaller deposit. Eligibility rules, price caps and amounts change, so we check the current details for you at your first appointment.

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What you'll need to get started

• Recent payslips or, if you're self-employed, tax returns

• Identification

• Details of your savings

• Any debts or credit cards

• An idea of your budget and the suburbs you like
   

Don't have everything ready? Book a chat anyway and we'll help you get started.

 

First Home Buyer FAQs

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How much deposit do I need to buy my first home?

It depends on the lender, the property and the schemes you qualify for. Many buyers aim for 20% to avoid lenders mortgage insurance, but some lenders and government schemes accept much smaller deposits. We'll show you what works for your specific situation.

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How much can I borrow?

Lenders look at your income, expenses, debts, deposit and credit history. We can give you a realistic estimate at your first chat, and pre-approval confirms it.

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What is pre-approval and how long does it last?

Pre-approval is a lender's conditional indication of how much they may lend you. It's typically valid for a limited period, often around 3 - 6 months, and is subject to the lender's final assessment of the property and your circumstances. 

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What does it cost to use a mortgage broker?

We generally don't charge an upfront fee for our broking service. We're paid commission by the lender of your choice once the loan settles. All commissions are disclosed in your Statement of Credit Assistance and lender loan contracts. In the rare 1% of cases, if your loan situation calls for an upfront fee, it will be disclosed in a Credit Quote prior to the Statement of Credit Assistance, which you'll then be able to decide if you wish to proceed or not.

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Can I buy my first home with a small deposit?

Sometimes. Options include low-deposit loans, family guarantees and government schemes, each with their own conditions and costs. We'll talk through the pros and cons before you commit.

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Ready to take the first step?

Book a free chat with Tredi Finance today, we love helping First Home Buyers.

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