First Home Buyer Loans
First Home Buyer Loans ⚊
⚊ First Home Buyer Loans ⚊
Your Guide to Getting Approved
Buying your first home is exciting — but it can also feel overwhelming. With so many details to consider, getting the right information from the start is crucial. At Sonit Finance Solutions, we guide you through every step of the home buying journey to make sure you get it right and secure the property you truly want.
Our experienced mortgage brokers will help you compare and choose the best first home buyer loans based on your personal preferences and financial situation. We’ll take care of the legwork and explore top home loan options across Sydney and Australia, making the process smooth and stress-free.
How We Help You
Understand the home loan process and associated costs
Secure pre-approval so you can shop with confidence
Determine your eligibility for government grants and concessions
Guide you to funding your dream home
How Much Deposit Do You Need?
While some lenders may offer 100% home loans or close to it, most typically require around 5% deposit of the purchase price. Some lenders may accept less, especially with a strong savings history over 6 months. Your deposit can also be gifted from family or friends.
Keep in mind you’ll also need to budget for legal fees, stamp duty, and possibly Lender’s Mortgage Insurance (LMI) if borrowing more than 80%. Often, LMI can be included in the loan amount.
Our brokers will help you structure a savings plan and guide you through accessing any financial assistance available through Australian government schemes.
How Much Can You Borrow?
Your borrowing capacity depends on several factors, including your income, regular expenses, and how much you plan to contribute towards your purchase.
A quick assessment with one of our mortgage brokers will give you a clear idea of your borrowing power — helping you set realistic expectations and avoid surprises down the track.
Ready to start your home ownership journey with confidence?
Call Sonika on 0416 230 892 today and let’s make your first home dream a reality.
