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First Home Buyers

Purchasing your first home is an exhilarating yet daunting experience! Smyth Loan Co understands the challenges first-time homebuyers face and we are here to assist you every step of the way!

First and foremost, it’s crucial to recognise the many loan options tailored specifically for first home buyers. These products aim to facilitate your entry into the property market effectively.

There are several State & Federal Government Grants, Schemes & Incentives that may improve your chances of owing a home if your income is not quite enough to borrow what is needed through normal means OR your deposit is lacking.
We have noted these up below and have a seperate ‘Government Schemes & Grants’ page that provide further detail.

Government Schemes & Grants

  • Australian Government 5% Deposit Scheme
  • First Home Owners Grant & Duty Concessions
  • MyHome Scheme (Tasmania)

Additionally, as a first-time homebuyer, it’s essential to look at your long-term financial objectives and what you think is affordable – adjusting to home ownership & the additional costs of having your own property can take some time. We will let you know your options, what you can borrow, and what you can afford, based off the income you are earning and the deposit you have saved hard for (Bank of Mum & Dad can help too).

Understanding the home buying process is another vital aspect for first-time buyers. Smyth Loan Co will guide you through assist in giving advice with things such as contracts, finance clauses, property inspections, conveyancing and settlement.

We are here to transform your dream of homeownership into reality and embark on the journey of building wealth through property ownership.

Please refer to the ‘Home Loans’ page for further information in relation to loan amounts, deposits, and home loan specifics that might be relavent, OR simply call us on 0419 55 66 88 today.

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