First home buyer mortgage broker

Considering buying your first home in Melbourne?

Trust in the Melbourne's best first home loan brokers

The decision to buy your first home is usually filled with a mix of excitement and hesitation. You’re keen to have a place you can call your own, but feel some trepidation getting your head around the financial requirements to make your dream a reality.

That’s where we come in.  When buying your first home in Melbourne and beyond, our mortgage brokers are the experts at guiding first home buyers through the purchase process. We take the hard work off your plate, leaving you to focus on the fun side of buying your first home. 

Our mortgage brokers understand first home buyers needs

Do I need a deposit or can a broker help before I have anything saved up? Can I get the First Home Owners Grant? What will my repayments be? These are just a few of the questions you may have swirling around in your head.

Our experienced mortgage and home loan brokers understand first home buyers’ concerns. You don’t need to have a deposit saved to start the process with a broker. In fact, the earlier you get in touch the sooner we can help guide you as to what is needed to get you into your first home sooner. 

At Loan Gallery we’re there to provide you with a personalised experience to ensure you feel confident and informed through the process.  

We get to know exactly what your unique goals are, to help you to get into your new home sooner. 

We take great pride in being in your corner, by keeping you informed at each stage of the process. So you feel confident every step of the way. 

By tailoring a solution that’s just right for you, we’ll match you with the right home loan to get you onto the property ladder.

Why choose Loan Gallery Finance?

At Loan Gallery, our mortgage brokers are in your corner helping you to buy your first home. Here’s how we help.

We put you first

We get to know not just you, but also your goal. While being responsive and flexible during the process.

Experience you can trust

Our mortgage brokers are experienced professionals with extensive lender and finance knowledge.

Access to lenders

We have strong existing relationships with over 70 lenders to help us negotiate the right deal.

Strong ethical standards

We go beyond the standard expectation when it comes to our compliance practices.

Flexibility and after hours support

We keep your options open and risk assess as we go. You can trust our quick response times and after hours support.

We are number one

We’re rated the Top performing brokerage in VIC/TAS by AFG for 8 years running. We really do know our stuff.

The first home buying process

1. Speak to us

Tell us a bit about yourself, your needs and home loan preferences. We’ll ask about income, expenses, credit history, employment history and any current loans. We’ll also assess your eligibility for various government schemes such as First Home Buyers Grant.

2. Loan comparison check

Once we have a view of your financial situation, your broker will then negotiate competitive finance from our wide range of lenders and present you with the best options for your needs.

3. Application preparation

Once you’ve selected a lender, we do all of the legwork for you. Preparing the application and gathering any other necessary documentation. We also prepare and apply for all grant applications on your behalf.

4. Loan application updates

From here we’ll do the heavy lifting for you. Liaising with the lender, keeping you updated on your loan’s progress. Plus we are available to answer any questions you might have along the way.

5. Your lender makes a decision

Your chosen lender will assess your application and your ability to pay back the loan amount. Once approved your loan, and you, can move towards settlement. We’ll meet again to explain your loan in full and providing you’re comfortable with everything, run you through which documents need to be signed.

6. Settlement

The final and most exciting step. We liaise with your conveyancer and/or solicitor to organise a settlement date with the lender. Giving you the time to celebrate your big milestone.

Concessions and grants for first home buyers

It will be no surprise to you that making that first leap onto the property ladder is quite often the hardest one. The government recognises this and provides a number of grants and concessions to first home buyers, at both the federal and state level. 

We keep up-to-date with what is available as first home buyer mortgage brokers in Melbourne as well as what is on offer around the country. Some of the concessions available may include the First Home Owners Grant (FHOG), First Home Loan Deposit Scheme, Stamp duty exemptions and reduced Lenders Mortgage Insurance.

Your eligibility will vary depending on the state or territory you are looking to buy in. So it’s always a good idea to chat to our experts first, to make sure you are taking advantage of all that is on offer.

Things to consider for your first home loan

Our home loan mortgage brokers are the experts at helping first home buyers purchase their first home. As your trusted advisors throughout the process, there are several features we will discuss with you when considering the right home loan for you. These include:

  • Interest rates
  • Ongoing fees
  • Loan terms and conditions
  • Low deposit loans
  • Options to make extra mortgage repayments
  • Home loan redraw facilities 
  • Home loan flexibility

Ready to buy your first home?

Speak to a Loan Gallery first home loan specialist to get started.

Calculate your home loan borrowing power​

Use our handy home loan borrowing power calculator to work out how much you can borrow.

Other calculators
Repayment calculator

Calculate your estimated home loan repayments and see how a rate change could impact your budget.

Stamp duty calculator

Find out how much you may need to pay in stamp duty and see what assistance could be available to you.

Budget planner

Work out how long you can expect to be saving to have the right amount for a home loan deposit.

Download our First Home Buyer Guide

Download our handy guide that explains all you need to know when buying your first home.

Let’s get started

Why wait? Speak to a Loan Gallery mortgage broker in Melbourne about buying your first house today. Also, enquire about other loan options like land and construction loans, refinance mortgage and investment property in Melbourne.

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TOP 25 Brokerage 2022 by the adviser, 2021 top mortgage emlpoyers, Australian Broking Awards, AFG Champion Broker group
Speak to a mortgage broker today!

Looking for your first home or to refinance your existing home, we’ll find the best solution and tailor it to you.