Buying your first home with as little as 5% saved may be possible through government schemes. We check which ones you qualify for, work out your real budget including stamp duty, and get you pre-approved before you start bidding.
Most first home buyers start with the interest rate. The bigger numbers come first: your deposit, whether you need lenders mortgage insurance (LMI), and whether you pay stamp duty. A 20% deposit usually avoids LMI; with 5% to 20%, you either pay LMI or use a government guarantee that replaces it.
| Scheme | What it does | Official source |
|---|---|---|
| First Home Guarantee (federal Home Guarantee Scheme) | Lets eligible buyers purchase with a smaller deposit without paying LMI | Housing Australia |
| First Home Buyers Assistance Scheme (NSW) | Stamp duty exemption or concession, depending on price | Revenue NSW |
| First Home Owner Grant (NSW) | A grant for eligible new homes | Revenue NSW |
What we help with: pre-approval guidance, loan application support, government scheme applications, lender matching, low deposit loans, and a refinance review later.
See what you may pay on a NSW purchase with the stamp duty calculator, including first home buyer concessions.
For first home buyers, including those using government schemes.
Tap any one to read the detail.
Self-employed buyers can qualify too, usually with recent tax returns or BAS statements.
Starts with a free assessment
The lender that funds your loan pays us a commission when it settles. If a fee ever applies, for example on a complex or commercial loan, it is agreed in writing before any work starts, and our credit guide sets out exactly how we are paid.
“Highly recommend Mortgage Pass. Excellent service from start to finish. Julie made the whole process so much easier! She’s extremely thorough, goes above and beyond to find the best deal, and keeps you updated every step of the way. Very professional, knowledgeable and always happy to help. If you’re looking for a reliable and helpful broker, Julie is your go-to!”
“We wanted to cash out against our home to renovate and had no idea where to start. Julie was so helpful from day one. She walked us through all our options, explained the numbers clearly, and found us a great deal that let us access the equity without messing up our existing loan. Communication was excellent the whole time, everything was handled quickly and settlement was smooth. Made what could have been stressful actually really easy. Highly recommend Julie if you need a mortgage broker.”
“We couldn't recommend Julie from Mortgage Pass highly enough! From the very beginning, Julie was professional, knowledgeable, and incredibly supportive throughout what turned out to be a challenging loan process. Thanks to Julie's hard work and determination, we've secured the finance to build our dream home. If you're looking for a mortgage broker who will go the extra mile, Julie is the person to call. Thank you, Julie, we're so grateful for everything you've done to help make our dream a reality!”
These are just some of the local suburbs we cover.
5X7Q+HHStatus: Open today 9:00 am – 6:00 pm