First Home Buyers Guide | Mortgage Broker Perth by Natloans

Helping Perth First Home Buyers Get Started

Buying your first home is one of the biggest financial decisions you will ever make, and getting the right guidance from the start can make a real difference. At Mortgage Broker Perth by Natloans, we work with first home buyers across Perth to help them understand their home loan options, access available grants and concessions, and move forward with confidence.

Understanding Your First Home Buyer Eligibility

Before you apply for a home loan, it is worth understanding what you may be eligible for as a first home buyer. In Western Australia, eligible first home buyers can access the First Home Owner Grant (FHOG) of $10,000 for new homes valued up to $750,000 south of the 26th parallel, or $1,000,000 north of that line. This grant is available for new builds only and cannot be claimed on established homes.

On top of the grant, first home buyer stamp duty concessions are available in WA. The First Home Owner Rate provides a full duty exemption on homes up to $430,000, with the concession phasing out to $530,000. For transactions from 21 March 2025, concessions now apply up to $700,000 in the Perth Metropolitan and Peel regions, and up to $750,000 outside those regions. There is also an off-the-plan rebate of 75% for apartments under construction or newly completed, capped at $50,000. These concessions can meaningfully reduce the upfront cost of buying your first home in Perth.

Federal Support for First Home Buyers

The Australian Government offers several schemes designed to help first home buyers get into the property market sooner. The most widely used is the Australian Government 5% Deposit Scheme, which allows eligible first home buyers to purchase a property with just a 5% deposit without paying Lenders Mortgage Insurance (LMI). Housing Australia guarantees the difference between the deposit and 20% of the property value. There are no income caps and no annual place limits, making this one of the most accessible low deposit options available. Eligible single parents or legal guardians can purchase with as little as a 2% deposit under the same scheme. In Perth, the property price cap under this scheme is set at a level that covers a broad range of homes across the metropolitan area.

The Help to Buy scheme, operative from 5 December 2025, is another federal option. Under this scheme, the Australian Government contributes up to 30% of the purchase price for an existing home or up to 40% for a new home, in exchange for an equity stake. A minimum 2% deposit is required, and income limits apply: $100,000 for individuals and $160,000 for joint applicants or single parents. Western Australia joined this scheme in early 2026. Help to Buy cannot be combined with the 5% Deposit Scheme, but it can generally be used alongside applicable state grants and duty concessions.

The First Home Super Saver Scheme is another option worth knowing about. It allows eligible individuals to make voluntary contributions to their superannuation and then withdraw those funds to use as part of a home loan deposit. This can be a tax-effective way to build a first home buyer budget over time. Mortgage Broker Perth by Natloans can help you understand how this fits into your overall deposit strategy, though we recommend speaking with a licensed financial adviser or tax professional about the specifics of the scheme.

Choosing the Right Home Loan

Once you understand your eligibility and available grants, the next step is finding the right home loan options for your situation. At Mortgage Broker Perth by Natloans, we compare home loan products from a wide panel of lenders to find a loan structure that suits your needs.

One of the first decisions you will face is whether to choose a fixed interest rate or a variable interest rate. A fixed interest rate locks in your repayments for a set period, which can be helpful if you want certainty in your budget. A variable interest rate moves with the market, which means your repayments can go up or down. Some first home buyers choose a split loan, combining both types to balance certainty with flexibility.

You will also want to consider loan features such as an offset account and redraw facility. An offset account is a transaction account linked to your home loan. The balance in the account offsets the amount you owe, which reduces the interest you pay. A redraw facility allows you to access any extra repayments you have made on your loan. Both features can help you manage your first home loan more effectively over time.

Interest rate discounts are often available depending on the lender, your deposit size, and your overall financial profile. Our brokers at Mortgage Broker Perth by Natloans work to identify where you may be eligible for a more competitive rate, without making any promises about outcomes.

Getting Pre-Approval and Preparing Your Application

For first home buyers in Perth, getting pre-approval before you start inspecting properties is a practical step. Pre-approval gives you a clearer picture of your borrowing capacity and helps you search within a realistic price range. It also signals to sellers and agents that you are a serious buyer.

When you are ready to move forward with your first home loan application, Mortgage Broker Perth by Natloans will help you understand what documentation is required and how to present your financial position clearly to lenders. A well-prepared application can support a smoother process.

If you are working with a smaller deposit, it is also worth understanding the role of Lenders Mortgage Insurance (LMI). LMI is a one-off insurance premium that protects the lender if a borrower defaults. It is generally required when a borrower has less than a 20% deposit. However, through the Australian Government 5% Deposit Scheme, eligible first home buyers can avoid LMI entirely, which can represent a significant saving.

A gift deposit, where a family member contributes funds toward your deposit, may also be accepted by some lenders under certain conditions. Our team can help you understand how a gifted deposit is treated in a first home loan application and which lenders are more flexible in this area.

At Mortgage Broker Perth by Natloans, we are here to support first home buyers in Perth at every stage of the home loan process. Whether you are still building your first home buyer budget, exploring your first home buyer eligibility, or ready to apply for a home loan, our team is ready to help you take that next step with clarity and confidence.

Getting Started is Easy

Step 1: Initial Consultation
We start with a free, no-obligation chat to get to know you. We listen to your goals, your situation, and what you are hoping to achieve. Whether you are buying your first home, refinancing, or investing, this is where it all begins.

Step 2: Understanding Your Finances
Next, we take a close look at your financial position. This includes your income, expenses, savings, and any existing debts. Getting a clear picture of where you stand helps us find the right loan options for you.

Step 3: Researching Your Options
With access to a wide panel of lenders, we do the legwork for you. We compare hundreds of loan products to find the ones that best match your needs, goals, and budget. You get options, not just one answer.

Step 4: Presenting Our Recommendations
We walk you through our top recommendations in plain English. No jargon, no confusing fine print. We explain the features, fees, and repayments so you can make a confident, informed decision.

Step 5: Preparing Your Application
Once you are happy with a loan, we prepare your application and gather all the required documents. We make sure everything is accurate and complete before it goes to the lender, giving you the best chance of a smooth approval.

Step 6: Lodging and Managing Your Application
We submit your application and act as your point of contact with the lender throughout the process. We follow up, answer questions, and keep you updated every step of the way so you are never left in the dark.

Step 7: Settlement and Beyond
Once your loan is approved and settled, our job is not done. We stay in touch to make sure your loan continues to work for you. As your life changes, we are here to review your loan and help you make the most of your mortgage.

At Mortgage Broker Perth by Natloans, we are with you every step of the way.

Hear From Our Clients

Hi I’m Eric, I liked how easy it was to apply for financing. Most of the paperwork was completed online, making the process quick and hassle-free. The approval came through faster than I expected, and communication throughout the process was excellent. Specially to Lizzy she’s very kind she really loves her job and I would confidently recommend this finance service to anyone looking for a reliable car loan.

Jong Fillarca

I had a wonderful experience with Natloans, as an older customer I do represent something of a challenge but Michelle worked really hard to secure the loan I needed and her efficiency was above and beyond. Thanks Natloans I would not hesitate to recommend your services. 10 out of 10 in my book!

Vicki Green

Lizzy was great. Was a bit of a long process for me. But Lizzy got it there in the end. Thank you

Sammy Harrison

I am extremely happy with the service, assistance and guidance I received from Lizzy. Throughout the loan process she kept me updated and listened carefully to my situation and needs, eventually finding the loan that was the most suitable for me. I would highly recommend her without reservation.

Nicky

Got Questions?

Can Mortgage Broker Perth by Natloans help me if I am self-employed?

Yes, we regularly assist self-employed clients in Perth with their home loan needs. Applying for a home loan when you are self-employed can be a little more involved than a standard application, as lenders often require additional documentation to verify your income. This might include tax returns, business activity statements, and profit and loss statements. Some lenders also offer loan products specifically designed for self-employed borrowers. At Mortgage Broker Perth by Natloans, we understand the unique circumstances that come with being self-employed and we will work with you to present your financial situation in the clearest and most accurate way possible when submitting your application.

How long does the home loan process take?

The timeline for a home loan can vary depending on a number of factors, including the lender you apply with, the complexity of your financial situation, and how quickly all required documents are provided. Generally speaking, the process from initial consultation to loan approval can take anywhere from a few days to several weeks. At Mortgage Broker Perth by Natloans, we work to keep things moving as efficiently as possible by preparing your application thoroughly and maintaining regular communication with your lender. We will keep you updated throughout the process so you always know where things stand and what to expect next.

Can a mortgage broker help me if I am a first home buyer?

Absolutely. First home buyers are one of the groups we most enjoy helping at Mortgage Broker Perth by Natloans. Buying your first home can feel overwhelming, especially when you are trying to understand loan types, deposit requirements, government grants, and the application process all at once. We take the time to walk you through each step and explain things in plain language so you feel confident in the decisions you are making. We can also help you understand whether you may be eligible for government schemes such as the First Home Owner Grant in Western Australia, though eligibility is always subject to individual circumstances and government criteria.

How is using a mortgage broker different from going directly to a bank?

When you go directly to a bank, you only see the products that particular bank offers. A mortgage broker, on the other hand, has access to multiple lenders and a broad range of loan products. This means you get to compare more options before making a decision. At Mortgage Broker Perth by Natloans, we take the time to understand your personal circumstances and then present you with options that may be suitable for your situation. We also handle much of the paperwork and communication with lenders on your behalf, which can save you a significant amount of time and effort throughout the process.

What does a mortgage broker actually do?

A mortgage broker acts as a go-between for you and a range of lenders, including banks, credit unions, and other financial institutions. Rather than you having to approach each lender individually, a mortgage broker does the legwork on your behalf. They assess your financial situation, help you understand your borrowing options, and submit your application to a lender that may suit your needs. At Mortgage Broker Perth by Natloans, we work with a wide panel of lenders, which means we can present you with a range of options rather than just one. Our role is to make the home loan process clearer and more manageable for you from start to finish.

How much does it cost to use Mortgage Broker Perth by Natloans?

In most cases, our service comes at no direct cost to you as the borrower. Mortgage brokers in Australia are typically paid a commission by the lender once your home loan settles. This commission is paid by the lender, not by you. We are required by law to disclose any commissions or fees upfront, so you will always know exactly how we are compensated before you proceed. If there are any circumstances where a fee may apply, we will be completely transparent about this from the outset. Our goal is to ensure you feel informed and comfortable with every aspect of working with us.

What documents will I need to apply for a home loan?

While the exact documents required can vary between lenders, there are some common items you will typically need to have ready. These usually include proof of identity such as a passport or driver's licence, recent payslips or proof of income, bank statements from the past few months, details of any existing debts or liabilities, and information about the property you are looking to purchase. If you are self-employed, you may also need to provide tax returns and business financial statements. At Mortgage Broker Perth by Natloans, we will give you a clear checklist of what is needed for your specific situation so you can gather everything without any confusion.

Why should I choose Mortgage Broker Perth by Natloans over other brokers?

At Mortgage Broker Perth by Natloans, we are committed to putting our clients first in everything we do. We take the time to genuinely understand your situation, your goals, and your concerns before presenting any options. We believe that a good outcome starts with a good conversation, and we pride ourselves on being approachable, honest, and thorough throughout the entire process. Our clients trust us because we communicate clearly, act with integrity, and are with you every step of the way from your first enquiry through to settlement.

What types of home loans can Mortgage Broker Perth by Natloans help me with?

We can assist with a wide range of home loan types to suit different situations. Whether you are purchasing your first home, upgrading to a larger property, investing in real estate, or looking to refinance your existing loan, we can help you explore your options. We work with lenders who offer variable rate loans, fixed rate loans, split loans, interest-only loans, and more. Each loan type has its own features, benefits, and considerations, and we will help you understand what each one means for your situation. Our aim is to make sure you have a clear picture of your options so you can make an informed choice.

First Home Buyers Perth

Your First Home Loan, Made Clear