Your Mortgage Broker For First Home Buyers
Award-winning mortgage broker helping first home buyers compare home loans from 60+ lenders.
Buying a home for the first time is a big deal, and the home loan side is where most first home buyers get stuck. As a Sunshine Coast mortgage broker working with first home buyers across Australia, we make buying a home simpler. Our finance broker team compares home loan products from 60+ banks and lenders, works through which government grants you qualify for, and handles the loan application from start to settlement. No bank script, no jargon, just honest advice from a mortgage broker on your side.
What a mortgage broker does for first home buyers
A mortgage broker sits on your side of the table and finds a home loan that fits, rather than slotting you into a single bank's product. For first home buyers, that matters. You probably haven't taken out a home loan before, your deposit might be smaller than you'd like, and the rules around buying a home as a first home buyer keep changing.
Here's what a good mortgage broker does:
- Works out your real borrowing capacity, not a quick online estimate
- Compares home loan options across 60+ lenders to find competitive rates
- Helps you access government grants and finance schemes you qualify for
- Package your home loan application so it lands well with the lender
- Stays your point of contact through to settlement, and after
In most cases, our finance service is free. The lender pays us a commission once your home loan settles, and we explain how that works up front. Because we work with 60+ lenders rather than a single bank, we can shop the market and find a fit that suits you.
Government grants and schemes for first home buyers
There's real money on the table when you're buying a home for the first time. We'll work out which grants apply to your purchase and which lenders participate.
First Home Guarantee
Buy a property with a 5% deposit and skip Lenders Mortgage Insurance. Income caps and property price limits apply. Places are capped each year, so timing matters. We'll check eligibility and match you with a participating lender.
First Home Owner Grant (QLD)
The First Home Owner Grant is a one-off grant for eligible first home buyers buying or building a new property in Queensland. We'll talk you through the current grant amount and how it stacks alongside other support for your purchase.
Stamp duty concessions
Queensland offers stamp duty concessions for eligible first home buyers, often saving thousands at settlement.
Home loan options for first home buyers
The right home loan depends on your deposit, income, and how you want to manage repayments.
Variable-rate home loans
Rates move with the market. Usually come with offset accounts, redraw, and unlimited extra repayments.
Fixed-rate home loans
Lock in a rate for one to five years. Predictable repayments, good for budgeting certainty early on.
Low deposit home loans
5% deposit options through the First Home Guarantee, or LMI-supported loans if you don't qualify. Gift funds from family can also count toward your deposit.
Guarantor home loans
A guarantor home loan is when a family member uses equity in their property as security. Often lets you purchase a home with little or no deposit and skip LMI.
How we work with first home buyers
Working with our mortgage broker team usually goes like this
- First chat
We talk through your goals and finances. No commitment. - Loan options
We compare home loans across our lender panel and present the ones that suit you, with clear numbers on rates, repayments, and fees. - Pre-approval
We package your application and secure pre-approval, usually valid for three months. A strong position when house hunting. - Property and formal approval
Once you've found the place, we manage the formal home loan application, valuation, and lender liaison. - Settlement
We coordinate with everyone so funds land on time. - Ongoing support
We stay in touch to make sure your loan still suits you. A rate review and loan health check every couple of years often saves clients real money.
Why first home buyers choose Mason Finance Group
We're a boutique mortgage broker in Maroochydore, working with first home buyers across the Sunshine Coast and Australia-wide.
- 900+ five-star Google reviews
- Access to 60+ banks and lenders, including the big four banks, credit unions, and specialist non-bank lenders
- Top 24 Mortgage Brokerage in Australia (MPA, 2024)
- Independent finance broker team, not bank-owned
- Local Queensland knowledge for properties from Caloundra to Noosa, plus help for clients buying a home interstate
Calculators
In the realm of financial empowerment and planning, knowledge is your greatest ally. Use these calculators to get an idea of how much you can borrow and how much your repayments might be.
FAQs for first home buyers
We’ve got your questions covered.
What are the benefits of using a mortgage broker as a first home buyer?
A mortgage broker does the legwork for you. We compare home loan products from 60+ banks and lenders rather than pushing one bank's offering, work out which government grants you qualify for, and package your application so it lands well with the lender. For first home buyers in particular, having an experienced finance broker in your corner often means a cleaner application, fewer surprises, and a better shot at approval. In most cases, our service is also free for you, since the lender pays our commission once your home loan settles.
How can first home buyers access government grants?
Most grants are accessed through a participating lender, not by applying directly to the government. The First Home Guarantee, the First Home Owner Grant (QLD), and stamp duty concessions each have their own eligibility rules around income, property price, property type, and whether you're buying a new or existing home. We'll check what you qualify for, match you with a lender that participates in the right scheme, and handle the paperwork as part of your loan application. Timing matters too. Some grants have annual caps that fill up, so getting the application in early can make the difference.
What types of home loans are available for first home buyers?
Most first home buyers end up choosing between a variable rate loan, a fixed rate loan, or a split of both. On top of that, there are low deposit loans (5% deposit through the First Home Guarantee, or with LMI), guarantor home loans where a family member uses their property as security, and construction loans if you're building rather than buying. The right home loan depends on your deposit size, income stability, and how much certainty you want around repayments. We'll talk through the trade-offs in plain English.
What should I prepare for the loan application process?
Lenders want to see proof of income, savings, and existing commitments. That usually means recent payslips (or tax returns and BAS if you're self-employed), three to six months of bank statements showing genuine savings, ID documents, and a list of current debts, including credit card limits. If you're applying for a grant or scheme, there may be additional paperwork around the property type, the purchase price, and your first home buyer status. We'll send you a clear list once we've had a first chat, so you're not chasing documents at the last minute.
How are your services paid for?
We're typically paid a commission by the lender you choose, meaning our services are generally free to you. We'll always disclose our commission arrangements transparently and ensure you understand any fees before proceeding. Our goal is to find you the right loan, not the highest commission product.
Ready to start buying your first home?
Whether you're months away or want to test the water with a borrowing capacity check, we're happy to talk it through. Honest advice from a mortgage broker who works for you, not the bank.