Pre-Qualification
We look forward to speaking with you. Before we do, we ask that you complete the Pre-Qualification Form below, then we will call you to discuss your options.
If you are interested in buying your first home and don’t have the necessary deposit – or are finding the banks are not listening – we have a solution that helps first time home owners, like you, get onto the property ladder.
No Deposit First Home in conjuction with the First Home Buyers Grants, cover the 5% deposit required by the banks and you pay no mortgage insurance (t.a.p).
However, as previously stated, you will require some funds of your own to cover costs such as transfer of title, mortgage registration and your own solicitors’ fees.
Based on a $700,000 first home purchase (house and land) you will need to have a minimum of $10,000 savings.
Please ensure you have a minimum of $10,000 saved and earn over $100,000 if you are a first home buyer.
If you have owned previously the minimum deposit is $45,000.
The savings DO NOT need to be genuine savings i.e. they can be gifted from family, an inheritance, or from the sale of assets.
If you are single with no dependants and no debts, that you are earning a minimum of $100,000 per annum before tax.
If you are single with dependants or debts then a minimum of $110,000 per annum before tax is required.
If you are a family with 2 dependants, that you are earning a minimum $130,000 per annum before tax (not including any income from Centrelink).
* The figures above may change depending on the location where you wish to purchase.