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First Home Buyer Broker

Your Partner in Securing Your First Home

Services for First-Time Home Buyers

Buying your first home is an exciting milestone, but it can also be overwhelming. At Caspian Finance, our role as a first home buyer broker is to simplify the process, provide expert advice, and guide you through each step to turn your homeownership dream into a reality.

From securing the best loan to navigating government grants and incentives, we’re here to make your first home-buying experience smooth and stress-free.

Step-by-Step Guidance for First Home Buyers

Our Step-by-Step Process

The path to homeownership involves several important steps. Here’s how our expert brokers at Caspian Finance guide you through the journey:

Step 1

Initial Consultation

We begin by understanding your financial situation and homeownership goals to help you determine your borrowing power.

Step 2

Loan Pre-Approval

Our team helps you get pre-approved, so you know how much you can borrow before you start searching for properties.

Step 3

Exploring Loan Options

We present a range of loan products tailored to first-time buyers, explaining their benefits and features to find the right fit.

Step 6

Settlement Support

Once your loan is approved, we help finalise the process to ensure a smooth settlement and handover of your new home.

Step 5

Application Process

We assist with all paperwork and liaise with lenders, making the loan application process seamless.

Step 4

Accessing Grants and Incentives

We guide you through the available first home buyer grants and schemes, ensuring you take full advantage of government assistance.

Eligibility

Criteria for First-Time Home Buyer Assistance

To qualify for first home buyer assistance, certain criteria must be met. While specific requirements vary depending on the grant or incentive, here are some general eligibility factors:

First Home Buyer Status: You and any co-purchasers must be first-time homebuyers and not have owned residential property in Australia before.
Australian Citizenship or Permanent Residency: Most grants and schemes require at least one applicant to be an Australian citizen or permanent resident.
Property Value: The property you wish to purchase must fall within the price range set by the government for the applicable grant or scheme.
Intent to Live: The property is often required to be your principal place of residence for a specified period, usually 6 to 12 months, after purchase.

Our brokers work closely with you to determine your eligibility for various grants and guide you through the application process to maximise the benefits you receive.

Grants and Incentives for First Home Buyers

As a first home buyer broker, we help you take advantage of various government grants and schemes that make buying your first home more affordable:

First Home Guarantee (FHBG): Allows eligible buyers to purchase a property with as little as a 5% deposit. Available from 1 July 2024 with 35,000 places for the financial year.
First Home Owner Grant (FHOG): A one-off grant for eligible first home buyers to build or purchase a new home. Grant amounts vary by state, such as up to $10,000 in New South Wales and $15,000-$30,000 in Queensland.
First Home Buyers Assistance Scheme (NSW): Offers stamp duty exemptions for properties valued up to $800,000 and concessions for those valued between
$800,000 and $1 million.
Regional First Home Buyer Guarantee (RFHBG): Supports eligible buyers in regional areas to purchase a home with a 5% deposit, with 10,000 places available for the year.
Help to Buy Shared Equity Scheme: A federal scheme providing an equity contribution from the government, enabling buyers to enter the market with a smaller deposit and mortgage.

Our team provides up-to-date information on these grants and incentives, guiding you through the eligibility criteria and application processes.

Support

How We Help You Throughout the Process

At Caspian Finance, we understand that buying your first home is more than just a financial transaction; it’s a significant life event. Our support extends beyond simply securing a loan:

Personalised Advice: We offer expert advice tailored to your circumstances, helping you understand the best loan options and government incentives available.
Loan Application Assistance: From gathering documentation to submitting the application, we handle the entire process, reducing stress and saving you time.
Regular Updates: We keep you informed every step of the way, providing updates on your loan status and settlement process.
Post-Settlement Support: After you move into your new home, we continue to offer support, including loan health checks to ensure your mortgage remains aligned with your financial goals.

Use Our Loan Repayment Calculator

As you plan your journey to homeownership, it’s important to understand your potential repayments. Use our Loan Repayment Calculator to estimate your monthly repayments based on different loan amounts, terms, and interest rates. This tool provides valuable insights into how your mortgage will fit into your financial plans, helping you make informed decisions as a first-time buyer.

Get Started

Your Journey with the Best Home Loan Broker

Ready to buy your first home? Contact Caspian Finance, your trusted first home buyer broker, today for expert guidance and support in securing the best loan and maximising available grants.