First Home Buyer? We'll Connect You With the Right Specialist.
Buying your first home is daunting. Simple Loans doesn't arrange home loans directly, but we'll refer you to a trusted partner mortgage specialist who can help you navigate the First Home Guarantee, FHSS withdrawals, state grants, and lender requirements.
Why choose Simple Loans.
5% Deposit Options
The First Home Guarantee allows eligible buyers to purchase with just 5% deposit, no LMI.
FHSS Strategy
Withdraw up to $50,000 of voluntary super contributions tax-effectively.
State Grant Guidance
Your partner helps you access First Home Owner Grants in your state, up to $30,000.
Stamp Duty Concessions
Most states offer stamp duty discounts or exemptions for first home buyers.
Genuine Savings Tips
Some lenders accept rent as evidence of savings discipline.
Pre Approval Before You Shop
Know your budget before you start house hunting.
First Home Buyer Schemes Available in 2026
Australia has more first home buyer support available than ever. The key schemes to know are:
- First Home Guarantee (FHBG): 5% deposit, no LMI, government guarantees 15%
- Regional First Home Buyer Guarantee: Same as FHBG but for regional areas
- Family Home Guarantee: 2% deposit for single parents
- First Home Super Saver Scheme (FHSS): Up to $50,000 from voluntary super contributions
- State First Home Owner Grants: $10,000 to $30,000 cash grants
- Stamp duty concessions: Reduced or waived stamp duty in most states
Eligibility, price caps, and combination rules vary. Your partner specialist helps you stack the right combination for your situation.
How Much Can First Home Buyers Borrow?
Borrowing capacity depends on income, expenses, deposit, and existing debts. Each lender calculates serviceability slightly differently. Your partner specialist provides an accurate borrowing capacity assessment across multiple lenders so you know exactly where you stand before you start house hunting.
Tips for First Home Buyers in 2026
- Get pre-approval before you start house hunting
- Budget for stamp duty, conveyancing, building and pest inspections, and moving costs (typically 3% to 5% on top of the property price)
- Don't max out your borrowing capacity, leave a buffer for rate rises
- Consider your suburb's growth potential, not just affordability today
- Use a buyer's agent if you don't know the area well
- Check the strata report carefully if buying an apartment or townhouse
How it works.
Submit Your Details
Fill out our 60 second enquiry form. No paperwork, no obligations, and zero upfront fees.
We Refer You to a Partner
We match your enquiry to one of our trusted partner mortgage specialists who suits your situation.
Your Partner Helps You Settle
Your specialist compares lenders, structures your loan, and coordinates settlement from go to whoa.
Frequently asked questions.
Does Simple Loans arrange first home buyer loans?
No. Simple Loans is a vehicle and asset finance specialist. For first home buyer loans, we take your enquiry and refer you to a trusted partner mortgage specialist who looks after you from there.
What is the First Home Guarantee?
The First Home Guarantee (FHBG) is a federal government scheme allowing eligible first home buyers to purchase a home with just 5% deposit and no Lenders Mortgage Insurance, with the government guaranteeing the remaining 15%. There are 35,000 places per financial year, subject to property price caps that vary by region.
How does the First Home Super Saver Scheme work?
The FHSS lets you make voluntary contributions to your super of up to $15,000 per year and $50,000 total, then withdraw those contributions plus deemed earnings to use as a home deposit. Because super is taxed at 15% rather than your marginal tax rate, this can save thousands.
How much deposit do I really need?
Without the First Home Guarantee, most lenders prefer 20% to avoid LMI. With FHBG, just 5%. With LMI, some lenders accept as low as 5% but you'll pay LMI. Your partner specialist will explain your options.
Are there grants for first home buyers?
Yes. State governments offer First Home Owner Grants ranging from $10,000 to $30,000 depending on the state and whether you're buying new or established. Most states also offer stamp duty concessions or exemptions for first home buyers up to certain price caps.
What happens after I submit my enquiry?
We review your details and refer you to the partner specialist best matched to your situation. They'll contact you to walk through your options, free and with no obligation.
Ready to get started.
We don't arrange home loans directly. Share a few details and we'll refer you to one of our trusted partner mortgage specialists for a free, no-obligation assessment.
People we also help
Simple Loans is a finance comparison tool. Holder of Australian Credit Licence No. 509582. All applications are subject to lender approval. Terms, conditions, fees and charges apply. This information is general in nature.
Free assessment
Tell us what you need, we'll do the running around
One short form, then we'll refer you to a trusted partner mortgage specialist for a free, no-obligation assessment. No credit impact to get started.