Finding the Correct Home Loan for First Time Buyers

There is a range of standard and specialised home loans suitable for first home buyers. Some of the specialised options are discussed below – you can read more about standard loans in our home loans section.

To match your situation to the right first home loan, or to discuss budgeting, deposit options or securing pre-approval, talk to your mortgage broker or call us on 0508 722 205 (+64 9 526 0122).

Find Out About Your Home Loan Options

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Limited Guarantor Loans

Limited guarantor loans, or equity guarantee loans, allow an immediate family member to assist a borrower with the purchase of their home by acting as guarantor providing additional security. Most banks allow for this in in one variation or another. If your family owns a home (with or without a mortgage owing) and would like to help you then consult your mortgage broker on the solution that will work best for your circumstances.

Family Gifts

If your family is prepared to help but are either unwilling or unable to act as guarantor, then a gift from family is often accepted as the deposit on your first home. This has the benefit to your family of limiting the amount of their exposure and can still be a great start to getting you into your first home.

More information on first home buyer loans

For more information on how to get into your first home, or the home loan that is in your best interest, talk to your local mortgage broker or call us at any time on 0508 722 205 (+64 9 526 0122).