First Home Buyer Loans Melbourne
Get into your first home sooner with government grants, low deposit options from 5% (subject to eligibility), and expert guidance from Melbourne brokers who specialise in first home buyers.
“Michael made the whole process simple and stress-free.”Julia T., First Home Buyer
Buying Your First Home Shouldn't Feel Like Guesswork
At Lifestyle Loans, we guide first home buyers across Melbourne through every step of the process, from understanding your borrowing capacity to accessing government grants and settling on your property.
- ✓Access government grants and stamp duty concessions
- ✓Compare 60+ lenders for the right loan structure
- ✓Low deposit options from 5% with no LMI (subject to eligibility)
- ✓Pre-approval support before you start making offers
How Much Deposit Do You Need?
You may be able to buy sooner than you think.
5% Deposit
Eligible first home buyers can purchase with as little as 5% through the Federal Government's First Home Guarantee, with no Lenders Mortgage Insurance required.
10% Deposit
A 10% deposit opens more lender options and competitive rates while keeping your savings target achievable.
20% Deposit
A 20% deposit avoids Lenders Mortgage Insurance entirely, giving you access to the full lender panel and sharper rates.
Guarantor Loan
A family member can use equity in their property to support your purchase, helping you buy sooner with a smaller deposit.
Government Support for Victorian First Home Buyers
You may have access to significant government support. We will help you understand and apply for everything you qualify for.
First Home Guarantee
5% Deposit, No LMIEligible first home buyers can purchase with as little as a 5% deposit without paying Lenders Mortgage Insurance through the Federal Government guarantee scheme.
Stamp Duty Exemption
Up to $31,070 savedNo stamp duty on homes up to $600,000. Partial concession applies on homes up to $750,000. New and existing homes.
First Home Owner Grant
Up to $10,000A $10,000 grant for eligible buyers purchasing or building a new home valued up to $750,000.
Government grants, concessions and eligibility criteria vary by state and territory.
Speak with our team or use our Stamp Duty Calculator to understand what support may be available to you.
Why First Home Buyers Choose Lifestyle Loans
Pre-Approval Support
Understand your borrowing capacity and secure lender pre-approval before you start making offers.
Check your borrowing powerLow Deposit Options
Access 5% deposit options through government-backed schemes with no LMI required (subject to eligibility and scheme availability).
Calculate your funds to complete60+ Lenders
Sixty lenders, one conversation. We compare major banks and specialist lenders to match you with the strongest loan structure for your goals.
Government Scheme Guidance
We identify every grant and scheme you qualify for and handle the application process with you.
Check your stamp duty savingsAuction & Offer Guidance
Whether you're buying at auction or making a private offer, we'll help you understand timelines, finance conditions and how to put yourself in the strongest position.
Ongoing Support
We stay in contact through every stage from application to settlement.
From First Call to Front Door
A simple step-by-step process from enquiry to settlement.
Book A Call
Discuss your goals, deposit, and financial position.
Understand Your Borrowing Power
Work out your borrowing limit, deposit options and repayment estimates.
Access Grants & Schemes
Identify government grants, schemes and concessions you qualify for.
Get Pre-Approved
Secure lender pre-approval before you start making offers.
Settle & Move In
Make offers, attend auctions and complete settlement with our support.
Book A Call
Discuss your goals, deposit, and financial position.
Understand Your Borrowing Power
Work out your borrowing limit, deposit options and repayment estimates.
Access Grants & Schemes
Identify government grants, schemes and concessions you qualify for.
Get Pre-Approved
Secure lender pre-approval before you start making offers.
Settle & Move In
Make offers, attend auctions and complete settlement with our support.
Calculators for First Home Buyers
Use our planning tools to understand your numbers before you start searching.
Borrowing Power Calculator
Find out how much you can borrow based on your income, expenses and financial position.
For planning your property budget
Funds to Complete Calculator
Model your total purchase costs including deposit, stamp duty and upfront fees across different price points.
For estimating your total buying costs
Stamp Duty Calculator
Estimate your stamp duty costs including first home buyer concessions and exemptions.
For estimating upfront government costs
What First Home Buyers Say
Don't just take our word for it.
Here's what recent first home buyers had to say about working with Lifestyle Loans.
Mik L.
“As first-time homebuyers and new to the process, Stephen took the time to walk us through every single step, ensuring we understood everything clearly. Anytime we had a deadline, he ensured he would stay on after hours to deliver, which really showed his dedication.”
Natasha S.
“As first home owners who really had no idea about the first thing about buying a home, he stepped us through every detail and process, he was so reliable, responsive and answered all of our questions!”
Amanda C.
“I was quite nervous buying my first house and he was knowledgeable and responsive at answering all my questions which helped ease my nerves and made the whole process smooth and easy.”
Vittoria T.
“We had an amazing experience working with Michael at Lifestyle Loans. Incredibly professional and patient as he helped us understand every step of the process when purchasing our first home.”
Des D.
“He is very patient and objective, I felt very supported and respected in terms of taking things at my own pace. For anyone who is buying for the first time, Michael would be your best option.”
Neehara R.
“Given it was my first time going through the processes of purchasing a home, Michael took his time to explain everything in detail and was always available to talk. Michael has been wonderful to work with and has been extremely kind and patient.”
A Melbourne Team in Your Corner
At Lifestyle Loans, we work with first home buyers across Melbourne and Victoria to compare loan options across 60+ lenders, access available government grants and schemes, and structure a loan that fits your situation.
Whether you are looking to buy an established home, build new, or purchase off the plan, our mortgage brokers guide you through every step of the process. We handle the lender research, paperwork and application so you can focus on finding the right property.
As Melbourne-based brokers, we understand Victorian stamp duty concessions, First Home Owner Grant criteria and low deposit options available in this market. We help you compare lenders, access government schemes, and work through pre-approval and settlement from start to finish.
Common First Home Buyer Questions
Ready to Buy Your First Home?
We will help you understand your borrowing capacity, access available grants and find the right loan for your situation.