First Home Buyer Loans
Buying your first home is exciting, but it can also feel overwhelming. From borrowing capacity and grants to choosing the right lender, we'll guide you through every step with honest advice, tailored solutions and zero confusing finance jargon.
Your First Home Starts With A Plan
Buying your first home isn't just about getting approved for a loan. It's about making confident financial decisions that set you up for the future.
Whether you're still saving a deposit, wondering how much you can borrow or ready to start house hunting, we'll help you understand your options, compare lenders and create a strategy that works for your goals.
At EB Finance Collective, we make home loans human, so you can focus on finding the right home instead of stressing over the finance.
How We Help First Home Buyers
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Borrowing Capacity
Understand how much you could borrow before you start looking.
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Loan Options
We'll compare lenders to find the right home loan for your circumstances.
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Grants & Schemes
We'll help you understand what grants and government schemes you may be eligible for.
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Pre-Approval
Feel confident making offers knowing what your budget looks like.
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Ongoing Support
Questions don't stop once your loan is approved, and neither do we.
Our Home Loan Process
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Every home loan journey starts with a conversation. We'll take the time to understand your goals, answer your questions and get to know your financial situation. Whether you're buying your first home or exploring your options, we'll create a personalised lending strategy that's right for you.
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We'll do a Strategy Session (either virtually or in-person if you’re Adelaide based) to assess your income, expenses, savings and financial position to determine your borrowing capacity. We'll also explain your options, discuss available grants or schemes (if applicable), and help you understand what you can comfortably afford before you start house hunting.
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With access to a wide range of lenders, we'll compare home loan products, interest rates and loan features to find a solution that suits your needs. Our recommendations are tailored to your goals, not a one-size-fits-all approach.
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Once we've found the right loan, we'll prepare and manage your application from start to finish. We'll work directly with the lender, keep you updated throughout the process and help you secure pre-approval so you can shop with confidence.
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With pre-approval in place, you're ready to start searching. Whether you're attending open homes, making offers or bidding at auction, we'll be here to answer your questions and support you through every stage of the purchase.
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Settlement day is the exciting part! We'll work with your lender, solicitor or conveyancer to help ensure everything runs smoothly. Even after settlement, we're here to support you with future reviews, refinancing opportunities and any questions along the way.
Frequently Asked Questions
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The amount you'll need will depend on your circumstances, the type of property you're buying and the lender you choose.
While many people aim for a 20% deposit, it's absolutely possible to purchase your first home with less in some situations. There may also be government grants or schemes available that could help you get into the market sooner 🌸
During your Strategy Session, we'll explain your options, help you understand how much you'll need to save and create a plan that's tailored to your goals.Answer -
Pre-approval is an indication from a lender that they're prepared to lend you up to a certain amount, based on your current financial situation.
While it isn't a final loan approval, it gives you a clearer idea of your budget so you can start house hunting with confidence.
We'll guide you through the pre-approval process, explain what it means and make sure you're ready to move quickly when you find the right property ✨Answer -
Yes, in some cases, a guarantor may help you purchase a property sooner or reduce the amount of deposit you need.
A guarantor is often a parent or close family member who uses the equity in their own property as additional security for part of your loan.
It's an option that isn't suitable for everyone, so we'll take the time to explain how it works, the benefits and the risks, helping you decide whether it's the right approach for your situation 🤍
A guarantor will generally also be encouraged to obtain independent legal and financial advice before proceeding.Answer -
The earlier, the better!
Many people wait until they've found a property before speaking to a broker, but having a conversation early can help you understand your borrowing capacity, work towards your savings goals and avoid disappointment later on.
Whether you're planning to buy in the next few months or you're still in the early stages of thinking about home ownership, we're always happy to chat and help you understand your options - no pressure, just honest advice 🌸
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Depending on where you're buying and your individual circumstances, you may be eligible for government grants or first home buyer schemes designed to help you purchase your first property.
Eligibility requirements can vary, and these programs are updated from time to time, so it's important to receive advice that's relevant to your situation.
We'll explain any grants or schemes you may qualify for and help you understand how they could fit into your home buying journey.
If you're purchasing outside of South Australia, we'll explain any grants or schemes that may apply in your state.Answer -
Most lenders issue pre-approvals for around 90 days, although this can vary depending on the lender and your circumstances.
If your pre-approval is close to expiring and you haven't found the right property yet, don't panic! We'll review your situation and help organise an extension or new pre-approval if required, so you're ready when the right home comes along 🏡Answer -
AnswerYour deposit is only one part of the overall cost of buying a home.
Depending on your purchase, you may also need to budget for expenses such as stamp duty (where applicable), conveyancing fees, building and pest inspections, loan establishment costs and moving expenses.
We'll help you understand all the upfront costs involved so there are no unexpected surprises along the way 🤍
Ready to buy your first home?
emily@ebfinancecollective.com.au
Adelaide, South Australia