First Home Buyer Loans Perth

Buying your first home is exciting but can feel overwhelming. Perth Home Loan Broker connects first home buyers with specialist brokers who understand the grants, schemes, and lending options available to you.

Why Use a First Home Buyer Specialist?

First home buyer lending is different from standard home loans. A specialist broker can help you:

• Maximise grant eligibility - Ensure you qualify for FHBG and other schemes
• Minimise deposit requirements - Options from 5% deposit with no LMI
• Navigate the process - Step-by-step guidance from pre-approval to settlement
• Access the right lenders - Some lenders are more first home buyer friendly than others

First Home Buyer Grants in WA

Western Australia offers several assistance options for first home buyers:

First Home Buyer Guarantee (FHBG)

From October 2025, the FHBG scheme allows eligible buyers to purchase with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI):

• Property price cap: $850,000 (Perth metro)
• No income caps
• Unlimited places
• Can be combined with other schemes

First Home Owner Grant (FHOG)

WA offers $10,000 for eligible first home buyers purchasing or building a new home:

• Must be a new home (not established)
• Property value limits apply
• Must live in the property

First Home Buyer Process

A typical first home buyer journey:

1. Get pre-approved - Know your borrowing capacity before house hunting
2. Find your property - Search within your approved budget
3. Make an offer - Your broker can provide finance clauses
4. Formal approval - Lender assesses the specific property
5. Settlement - Keys in hand, you’re a homeowner

Common First Home Buyer Questions

How much deposit do I need?

With the FHBG scheme, you may purchase with just 5% deposit. Without the scheme, most lenders require 5-20% deposit, with LMI payable below 20%.

What income do I need?

Your borrowing capacity depends on income, expenses, and existing debts. A broker can assess your situation and identify which lenders may approve your application.

Can I use the First Home Super Saver Scheme?

Yes - you can withdraw voluntary super contributions (up to $50,000) to use as a deposit. Your broker can explain how this works with your loan application.

Connect with a First Home Buyer Specialist

Tell us about your situation and we’ll connect you with a broker who specialises in first home buyer lending. They’ll help you understand your options and guide you through the process.

Call: 08 5122 5626 Email: loans@perthhomeloanbroker.com.au