First Home Buyers

Buying your first home should be fun and memorable for all the right reasons and we want to be by your side from start to finish, enjoying the process with you.

Home Loan Services

The excitement of being a first home buyer

Happy family moving in new home

Congratulations! You have decided to buy your very first home. It’s an exciting period in anyone’s life. Unfortunately, the feeling of excitement is often soon followed by feeling overwhelmed and anxious about how to secure your first mortgage.

You will have opinions coming from everywhere and at the end of the day, you need to make sure that when you are making your decision, you feel comfortable in your approach.

At GA Finance, we do everything possible to simplify the process, ensuring a premium level of professionalism to make sure that you are in the best state of mind to be making big decisions.

Buying your first home should be fun and memorable for all the right reasons and we want to be by your side from start to finish, enjoying the process with you.

How it works

If you’re thinking about getting into the property market, it’s important to make sure that your finances and expectations are in order. This is what you can expect when you take the first step to buy your first home.

Consider your current situation and what you are looking for. Do you want a house, townhouse, apartment, or something different? Understanding what your goals and expectations are can help the lending process, so when you talk to us, we can help find the best options to suit your needs.
Step #1
Identify your homeowner goals.
Consider your current situation and what you are looking for. Do you want a house, townhouse, apartment, or something different? Understanding what your goals and expectations are can help the lending process, so when you talk to us, we can help find the best options to suit your needs.
Organise some time with us so we can begin to appreciate your financial and lifestyle goals. We want to understand your current situation and what you looking for so we can start the process of researching and investigating the most suitable options to help you meet your goals. We're also there to answer any questions that might come to mind.
Step #2
Meet with your mortgage broker
Organise some time with us so we can begin to appreciate your financial and lifestyle goals. We want to understand your current situation and what you looking for so we can start the process of researching and investigating the most suitable options to help you meet your goals. We're also there to answer any questions that might come to mind.
There are a lot of different loan types and products out there and it can be overwhelming when trying to decide which one is right for you. We're here to do the hard work for you. All you need to do is let us know your personal circumstances including your savings, existing loans, or investments you have so we can help identify the best options available.
Step #3
Understanding your situation
There are a lot of different loan types and products out there and it can be overwhelming when trying to decide which one is right for you. We're here to do the hard work for you. All you need to do is let us know your personal circumstances including your savings, existing loans, or investments you have so we can help identify the best options available.
Once we've helped you choose the loan that's right for you, our local team will prepare an application and take you through the process from start to finish. Once the lender is satisfied with the application, they will inform us that your application has been conditionally approved, which means with some supporting evidence, they will be happy to offer you a loan.
Step #4
Preparing the application
Once we've helped you choose the loan that's right for you, our local team will prepare an application and take you through the process from start to finish. Once the lender is satisfied with the application, they will inform us that your application has been conditionally approved, which means with some supporting evidence, they will be happy to offer you a loan.
Now you've been approved and your loan documents have been prepared, we will sit with you and take you through all of the details and specifics of the loan agreement to ensure you are informed and feel comfortable. Once this process has been completed, your conveyancer will organise settlement directly with the lender and you will be on your way to your first home!
Step #5
Completing the loan documents
Now you've been approved and your loan documents have been prepared, we will sit with you and take you through all of the details and specifics of the loan agreement to ensure you are informed and feel comfortable. Once this process has been completed, your conveyancer will organise settlement directly with the lender and you will be on your way to your first home!
Step #1 Identify your homeowner goals.
Consider your current situation and what you are looking for. Do you want a house, townhouse, apartment, or something different? Understanding what your goals and expectations are can help the lending process, so when you talk to us, we can help find the best options to suit your needs.
Step #2 Meet with your mortgage broker.
Organise some time with us so we can begin to appreciate your financial and lifestyle goals. We want to understand your current situation and what you looking for so we can start the process of researching and investigating the most suitable options to help you meet your goals. We're also there to answer any questions that might come to mind.
Step #3 Understanding your situation
There are a lot of different loan types and products out there and it can be overwhelming when trying to decide which one is right for you. We're here to do the hard work for you. All you need to do is let us know your personal circumstances including your savings, existing loans, or investments you have so we can help identify the best options available.
Step #4 Preparing the application
Once we've helped you choose the loan that's right for you, our local team will prepare an application and take you through the process from start to finish. Once the lender is satisfied with the application, they will inform us that your application has been conditionally approved, which means with some supporting evidence, they will be happy to offer you a loan.
Step #5 Completing the loan documents
Now you've been approved and your loan documents have been prepared, we will sit with you and take you through all of the details and specifics of the loan agreement to ensure you are informed and feel comfortable. Once this process has been completed, your conveyancer will organise settlement directly with the lender and you will be on your way to your first home!

Why choose GA Finance for your first home

We're with you every step of the way

Our focus is on customer service and we'll be there every step of the way from finding the right home to moving in, saving for your next home, or living your lifestyle dreams through other finance options.

Friendly and professional service

Our team is highly trained and dedicated to finding you the right solution fast so all you have to do is sit back and relax while we secure an account tailored specifically to suit all your needs including saving, borrowing money, and enhancing savings.

We're just next door

As a locally owned business, our team knows the area incredibly well and can provide great insight into what's going on, as well as helping you negotiate with real estate agents on your behalf. Our knowledge and relationships within the community help us provide you with a win-win situation!

FINANCE IS CONFUSING - ASK AWAY!

Frequently asked questions

Pre-approval, or conditional approval, is when you approach a lender when looking to buy a home and ask them to pre-approve you to borrow a certain amount.

For example, the lender might provide an offer for a loan of $500,000, meaning you can borrow up to that amount. This can give you a good indication of whether you’ll be successful in applying for a loan or not, while also narrowing your search for houses in that price range.

It is important to know that a pre-approval is not a guaranteed loan approval! It is however a strong indicator that you are likely to be fully approved for a loan. A guaranteed loan approval requires further detail to be submitted, such as a full credit check and supporting evidence.

It can depend on the value of the property, the repayments you can afford and the lender you choose to go with. 

Generally, if you’re buying your own house you will need to deposit at least 20% of the value of the property to avoid paying for Lender’s Mortgage Insurance or LMI, however, a 10% deposit will usually still allow you to secure a loan.

The First Home Owners Grant (FHOG) is available to Australian citizens or permanent residents who wish to buy or build their first home. The property needs to be the buyer's principal place of residence within 12 months of settlement. Contact us directly to find out more about eligibility requirements in your state and how much grant money you might receive.

Stamp duty is an upfront cost you’ll have to pay when buying a property (in most cases). Stamp duty is a tax imposed by all state and territory governments in Australia and covers the cost of transferring the title of the property to your name.

As a general rule, the more expensive the property, the more expensive stamp duty will be. Stamp duty concessions for first home buyers can make buying a home much cheaper, but these concessions only apply in certain situations.

If you would like more information, we would be happy to answer any questions you have.

There are many different loan products available and each lender will offer slightly different repayments and interest rates, so you will get a better understanding once you start the lending process. 

If you would like to get an estimate, have a look at our online calculators to get an idea of what your loan repayments will likely be.

You shouldn’t have to be a
finance expert to get the best result.

We make the over-complicated seem easy, so you can walk away being the expert of your own finances.

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