FIRST HOME LOAN
Buying your first home? We are here to help!
At SB finance, we understand that buying your first home is a special time but amongst the excitement, it can also be stressful and overwhelming. We are here to guide you through every step of the process.
We can help you understand how much you need to save, what your borrowing capacity is, what your repayments will be when you do proceed. Our experts will explain all the other costs associated with getting a home-loan including stamp-duty, settlement fees and LMI (lenders mortgage insurance) if applicable.
We have access to a panel of lenders along with all the major banks, allowing us to secure a competitive loan package to meet your requirements. We can help you have your pre-approval in place before you start shopping for a property.
SB finance does not offer personal advice and aims to provide information which is factual and in-line with lenders requirements and a customers best interest. We encourage you to to seek independent legal and financial advice before proceeding. our credit guide and Privacy disclosure is available on our website.
Frequently asked questions
At SB Finance we have access to a very large panel of lenders that can lend from $50,000 upwards. The total amount borrowed will vary depending on an applicant’s financial position, serviceability, property valuation and total deposit. Speak to one of our team for a free assessment!
Yes, at SB Finance we have several loan options that can assist with purchasing your first home. Speak to one of our team today to discuss how we can help you get a loan to suit you. We offer a free consultation to discuss your requirements and will guide you through the process of what is required to apply.
Yes! With access to over 40 of Australia’s largest lenders, we do have lenders on our panel that will consider bad credit or defaults subject to the application. Speak with our team to find out more!
With such a large panel of lenders to choose from No Deposit(subject to application and lender guidelines). The most common deposit amount required would generally range between 10%-20% depending on the lender.
LMI stands for Lenders Mortgage Insurance and is designed to provide lenders with an additional level of protection in the event the borrower defaults (doesn’t repay) the loan.
LMI can be avoided with a deposit as per lenders guidelines (usually 20%) or a guarantor going on the loan. Speak with our team and they can discuss the guidelines around LMI.
Stamp duty is a tax levied by state or territory governments on certain purchases, including buying a home, land or investment property. The amount of stamp duty charged varies depending on where the transaction takes place and the value of the property. Each state and territory has its own fee schedule, so you need to check with your local revenue office. If you are a first If you’re buying your first home you might not have to pay stamp duty if you are eligible for the state-based First Home Owners Grant.
There are several ways you can apply, all of which are simple. you can contact us on 1300 172 346 or email firstname.lastname@example.org to speak with our team. alternatively, you can speak to us via any of our social media platforms or fill in the quick quote form on our page and we can reach out to you.