Steps to Buying Your First Home

Buying your first home is one of the biggest decisions you will ever make. For most first home buyers, that decision is also complicated by things like building your credit score, deciding the type of property you can afford, scrimping and saving for a deposit and getting pre-approval for a home loan.

However, when you partner with No Deposit First Homes, buying your first home is much easier. Here are the simple steps to buying your first home.

Apply for a Government Grant
There are many generous government incentives to help you get into your first home sooner.
These include: The Great Start Grant (up to $20,000 for first home buyers).
The First Home Owner Grant (New Homes). For NSW residents, this grant entitles you to $10,000 towards your new home.
The First Home Owner Grant (regional Victoria). This grant has been increased to $20,000
The First Home Owner Grant (South Australia). Depending on the property you purchase, this grant ranges between $15,000-$21,330.
The First Home Owner Grant (Tasmania). This grant entitles you to $10,000 towards your first home.
To qualify for any of the above grants, you must:
-Be an Australian resident or permanent resident
-Have never owned a residential property in Australia
-Have never received a First Home Buyers’ Grant from any other State
-Be 18 years old or over
-To receive the First Home Owners’ Grant (FHOG), you must occupy the home as your principal place of residence for at least six months. This must take place within 12 months of receiving the FHOG.

Take a Financial Snap Shot with Our Mortgage Broker Partners
At No Deposit First Homes, we want to make the journey to buying your first home as easy as possible. That’s why we partner with respected mortgage brokers.
Our mortgage brokers will help you get approval for a home loan, handle the entire application process and save you money in the process. After you have been approved, our mortgage brokers will help you properly manage your loan. This could save you thousands of dollars over the life of the loan and even help you pay it off sooner.

Choose Your Location
Whether you decide to live near the beach, in the city or in the hinterland, the Gold Coast is a fantastic place to purchase your first home.

And, with the help of No Deposit First Homes, purchasing your first home has never been easier. Simply choose your dream location, and we will guide you through the rest of the process.
At No Deposit First Homes, we believe every Australian should be able to afford to get on to the property ladder. If you’re ready to start the exciting journey, simply call or email our expert team today.

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