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First Home Buyer

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First Home Buyer

Lending for First Home Buyers

Start your homeownership journey with confidence. We guide you through government grants, deposit schemes, and help you structure a winning application for maximum loan approval.

Welcome to Your First Home

Buying your first home in Australia is a major milestone, but it also comes with a lot of complex rules, grants, and lending policies.

At MCT Financial Solutions, we specialize in helping first-time buyers navigate the market and find the right loan structure. We'll help you understand:

  • First Home Guarantee Schemes: How to buy a home with as little as a 5% deposit and avoid paying Lenders Mortgage Insurance (LMI).
  • Stamp Duty Concessions: State-specific duty exemptions or reductions that can save you thousands.
  • First Home Super Saver Scheme: How to use your super fund to save for your first home deposit.

The Step-by-Step Process

  1. Initial Assessment: We evaluate your income, expenses, and deposit level to calculate your borrowing capacity.
  2. Loan Structuring: We find a lender whose policies align with your employment type (e.g. casual, part-time, or full-time).
  3. Pre-Approval: We secure pre-approval so you can shop for your home with confidence.
  4. Settlement: We guide you through to the day you receive the keys.

Key Challenges

  • •Meeting the minimum 5% or 20% deposit requirements
  • •Understanding complex government grants and stamp duty exemptions
  • •Short credit histories or strict living expense audits by banks
  • •High interest rate environments limiting borrowing capacity

How MCT Helps

  • Navigating First Home Guarantee schemes to buy with a 5% deposit and no LMI
  • Securing family guarantor loan options to eliminate deposit requirements completely
  • Accurate borrow capacity calculations across 40+ bank and non-bank lenders
  • Guidance structuring accounts to pass bank living expense assessments
Have a unique situation?

Our brokers specialize in complex income, business lending, and non-resident applications.

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Client Profiles
Business OwnerProperty InvestorProperty DeveloperNon Resident

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