Finance for Your First Home

Buying your first home is one of the most exciting milestones of life — but it’s also a moment filled with questions, confusion, paperwork, and financial decisions. At PB Finance Group, we make that journey easier, smoother, and stress-free by offering personalised first-home loan solutions tailored to your current financial situation and long-term goals.
We also guide you through understanding repayments, fees, and additional charges so there are no surprises later. Plus, our team will assist you step-by-step with your First Home Owner Grant (FHOG) application to make the process even easier.

Need Your First Home Loan?

Buying a home for the first time is exciting — but it can also feel overwhelming. From choosing the right lender to comparing loan products, the process can seem confusing if you’re doing it alone.
PB Finance Group helps simplify the process by:

• Explaining your loan options clearly
• Assessing affordability based on your income and lifestyle
• Guiding you through pre-approval
• Helping you choose the right home loan structure

Whether you're ready now or just planning, our advisors ensure you're on the right path.

When Should I Buy My First Home?

A common question first-time buyers ask is:
“When is the right time to buy?”
The truth is — there’s no perfect market timing. The right time to buy is when you are financially ready.
Some buyers try to wait for lower prices or interest rates, but property values tend to rise over time. Instead of waiting for the “ideal moment,” focus on preparing your finances and securing the right mortgage with expert help.
With PB Finance Group guiding you, you can make a confident and informed decision based on your circumstances — not the market noise.

How Much Can I Borrow?

Before browsing properties or making offers, it’s crucial to know your borrowing capacity.
Your borrowing power depends on:

• Income and employment stability
• Living expenses and liabilities
• Credit score and financial history
• Deposit amount
• Lender lending criteria

Once you understand how much you can borrow and what your estimated repayments will be, house-hunting becomes easier and more realistic.
Our mortgage experts help calculate your borrowing capacity and guide you on how to improve it if needed.

Which First Home Loan is Best?

Australia offers a wide range of home loan products — fixed, variable, split loans, and more. For a first-time buyer, this can be confusing.
The best home loan depends on:

• Your financial goals
• Repayment preferences
• Deposit size
• Eligibility for government schemes
• Whether you want features like offset accounts or redraw options

Instead of comparing lenders on your own, PB Finance Group does the research for you and recommends the most suitable home loan based on your situation.

Will I Get a First Home Buyer’s Grant?

The First Home Owner Grant (FHOG) is a government incentive designed to support eligible Australians purchasing their first home.
Both the Federal and individual State Governments offer grants, stamp duty concessions, and schemes to make homeownership more attainable.
As long as you meet the eligibility criteria, you may be entitled to significant financial benefits that reduce the upfront cost of purchasing your first home.
PB Finance Group assists you with checking eligibility, documentation, and the complete application process.

Do I Need a Deposit to Buy My First Home?

Many first-home buyers assume they must save a large deposit to purchase a property — however, this isn’t always required.
While traditional loans require a 20% deposit, many lenders offer options with:

• 5–10% deposit
• Use of First Home Guarantee Scheme
• Ability to apply FHOG funds toward purchase-related costs

Some lenders may also accept genuine savings or gifted deposits, depending on circumstances.
Before making assumptions, speak with PB Finance Group — we will assess your situation and guide you on deposit requirements.

What to Ask Your Mortgage Broker

The home loan process involves multiple steps, paperwork, and decisions — which is why working with an experienced broker is essential.
Here are key questions you should ask:
What documentation do I need?
Common documents include proof of income, identification, bank statements, and financial history. Having these ready avoids processing delays.
How long will approval take?
Timelines vary depending on the lender and your situation. Your broker will give a realistic estimate so you can plan accordingly.
What fees and costs should I expect?
Settlement fees, lender charges, legal costs, and government fees may apply. Understanding these early helps you manage your budget confidently.
What interest rate will I pay?
Interest rates change frequently. Your broker will guide you on current rates and which structure suits you best.
What loan types am I eligible for?
Your circumstances may unlock exclusive products or schemes not available directly through banks.
Are there any penalties?
Some loans have break fees or limits on extra repayments. Your broker will explain all terms clearly. Never hesitate to ask questions — clarity leads to confident decisions.

At PB Finance Group — We Put You First

PB Finance Group is committed to helping first-home buyers secure the right loan with confidence. With access to a broad panel of lenders across Australia, we compare multiple options to find a loan that matches your needs. Many of our lenders include well-known banks as well as specialist lending institutions that provide solutions designed for diverse financial backgrounds. Whether you're buying your first home or planning your future purchase, PB Finance Group is here to support you every step of the way. 📞 Call us today — +61 432 149 186