Skip to main content

Your First Home -Easier Than You Think

We make first home buyer loans simple, achievable and tailored to your life.

Start Your Home Loan Journey Today

Introduction For First Home Buyers

Buying your first home should be exciting – not overwhelming. But between saving for a deposit, understanding your borrowing power, finding the right loan and navigating government grants, most first-timer buyers feel stuck trying to figure out where to start. That’s exactly where Grange Finance steps in.

We’re here to hold your hand through every step, from understanding how much you can borrow to securing the best first home buyer loan that fits your financial goals and lifestyle – not a one-size-fits-all solution.

What First Home Buyers Need to Know

Here’s the honest, straightforward breakdown of what matters:

  • Your deposit matters – but you don’t always need 20% – there are low-deposit options and government schemes that help you get in sooner.
  • Borrowing power isn’t just income vs expenses – lenders look at work type, living costs, credit history and job stability.
  • Saving for upfront costs – we help you plan for stamp duty, legal fees & financial buffers.
  • Home loans are not all the same – we compare across 50+ lenders to find the right fit.
  • First home buyer grants & schemes can cut years off your savings timeline.
  • You need someone who speaks finance in plain English – and negotiates with lenders on your behalf.

Government Grants, Schemes & Concessions

Australia makes entering the property market more realistic with multiple first home buyer programs – but they’re constantly evolving.

There’s the First Home Super Saver Scheme, which lets you use extra voluntary super contributions to boost your deposit faster.

The Australian Government 5% Deposit Scheme lets eligible first home buyers buy with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI), reducing upfront costs.

Newer options like the Help to Buy shared equity scheme can even bridge the gap between what you’ve saved and what you need to borrow – making home ownership more achievable quicker and with lower deposit requirements.

Depending on your state or territory, you may also be able to access First Homeowner Grants or stamp duty concessions – which are often overlooked but can be substantial once you know how to apply.

Home Loans Explained

Plainly put: a home loan is an agreement where a lender lets you borrow money to buy property, and you pay it back over time with interest.

But in real life, the difference between a good and great first home buyer loan is massive – in monthly affordability and long-term cost. That’s where experience matters.

There’s:

  • Fixed rate loans – predictable repayments, peace of mind.
  • Variable rate loans – flexibility, potential savings when markets shift.
  • Low-deposit loans – great if you haven’t hit 20% deposit yet.
  • Offset accounts & redraw facilities – tools that can reduce the time you’re in debt.

We walk you through what each means for your cash flow, how interest is calculated, and real-world scenarios of what different loans cost over 5, 10 or 30 years – so you’re not just signing paperwork, you’re making a smart financial choice.

Benefits of Working with Grange Finance

  • Faster approval with expert document handling
  • Higher borrowing power through strategic planning
  • Access to government first home buyer schemes you might miss
  • Negotiation of interest rates and loan features on your behalf
  • Clarity on what you can afford (real-world figures, not estimates)

Why Choose Us

We don’t just process loans – we’re your home loan partner:

✔ 20+ Years Mortgage Broking Experience

Deep industry insights, not just generic loan sourcing.

✔ 50+ Lenders at Your Fingertips

Banks, non–banks, niche products – all compared for your benefit.

✔ Personalised Strategy for You

No cookie–cutter advice – every plan is shaped around your financial profile.

✔ Ongoing Support After Settlement

We don’t disappear once you move in – we review your loan regularly to keep it optimised.

FAQs

  • 1. What does refinancing a home loan mean?

    Refinancing is when you replace your current mortgage with a new loan — either with the same lender or a different one — to get better terms.

  • 2. Will refinancing save me money?

    If you secure a lower interest rate or better loan features, refinancing can reduce your monthly repayments and total interest paid — but it depends on fees and your loan term.

  • 3. Can I refinance if interest rates are currently low?

    Yes — refinancing during lower interest periods can be a good strategy to improve your loan structure or shorten your loan term.

  • 4. Is refinancing complicated?

    It can be — there are costs and paperwork and understanding what’s worthwhile is key. That’s where using an expert mortgage broker adds real value.

  • 5. How often can I refinance my home loan?

    There’s no strict limit, but you should balance the potential savings with any fees charged by your current lender to break your existing loan.