First home buyer loans.

Plan your first home buyer loan, deposit, schemes, LMI position and lender approval steps before you start making offers.

Your first home buyer pathway starts with a clear loan plan.

What first home buyers should check early:

How much deposit is available after government costs
Whether the 5% Deposit Scheme or Help to Buy could fit
Whether grants, concessions or family support apply
Borrowing power before relying on a purchase price
LMI, LVR and lender policy for the property type
Pre-approval conditions before contracts or auctions
Repayment comfort after settlement and moving costs
Documents needed for income, savings and debts

First home buyer repayments calculator

Estimate repayments from purchase price, deposit, loan amount, LVR and upfront government costs.

Purchase price Deposit / cash contribution Target LVR Calculated loan amount State / territory Buyer type Help to Buy government share Interest rate Loan term Frequency

Estimated monthly repayment$0

Calculated loan amount$0

Estimated LVR0.0%

Government costs$0

Deposit required$0

Repayment frequencyMonthly

Help to Buy shareN/A

Principal and interest estimate only. Fees, offsets, lender policy and actual assessment rates can change the outcome.

Repayment and government cost estimates are general only. Help to Buy examples reduce the buyer loan by the selected government share of the purchase price only. The 2% gov scheme target option estimates buyer contribution as estimated government costs plus 2% of purchase price. You can still enter a deposit manually. Lenders and scheme rules may calculate eligibility, LVR, costs, concessions and loan structure differently.

The first-home approval path

The smoothest first purchase is usually deposit, scheme and lender checks moving together before you make offers.

Check deposit and costs

Review savings, deposit, stamp duty, registration, conveyancing and moving costs.

Compare schemes and lenders

Check lender policy, LMI options, deposit schemes and concessions together.

Test borrowing power

Look at repayments, living expenses, debts and lender buffers before relying on a price range.

Prepare documents

Gather income, savings, ID and debt details so approval can move cleanly.

Pre-approval and property search

Understand conditions before auctions, offers, contracts and settlement dates.

Settlement and review

Confirm final approval, insurance, loan setup and repayment settings after settlement.

More calculators

Servicing

Servicing calculator

Construction

Construction calculator

Refinance

Refinance calculator

Stamp duty

Stamp duty calculator

First home buyer questions

Can first home buyers buy with a low deposit?

Some eligible buyers may be able to use government schemes or lender options that reduce the deposit or LMI barrier.

What is the 5% Deposit Scheme?

The 5% Deposit Scheme can help eligible first home buyers purchase with a smaller deposit, subject to current government rules and lender requirements.

Can you help with Help to Buy Scheme questions?

Yes. Winning Home Loans can explain general scheme pathways and help you compare loan options alongside eligibility checks.

Let us help you make your dreams come true.

Book a call and we will help you map the deposit, scheme options, lender questions and next steps for your first purchase.

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