Use a Mortgage Broker To Purchase Your Next Home
Looking for the right loan to buy your dream home can be exciting yet overwhelming.
On top of visiting open homes, you also need to deal with paperwork, credit enquiries, bank interviews, and more.
If you want to save time, money, and energy in looking for the right mortgage loan for you, team up with PFC Mortgage. Our team can help you choose the best mortgage option based on your goals.
First Home Buyers Loan in Brisbane
There are many things to consider if you are a first time home buyer in Brisbane, and getting the right advice from professionals can help you.
Our licensed mortgage brokers at PFC Mortgage are here to help you get your First Home Buyer Loan approved and guide you through the process of purchasing your first home.
We have guided hundreds of homebuyers in QLD, and we want to extend the same service to you!
Brisbane Lenders Offering Home Loans
We’ll help you find the best home loan deals in Brisbane, with low rates and repayments that are suitable to your means.
We have a vast network of panel lenders that offer different rates so you can shop around.
At PFC Mortgage, we make it easy to compare different first home buyer loans from QLD banks such as ANZ, Commonwealth Bank, Westpac and more.
First Home Buyer Frequently Asked Questions (FAQs)
No, a mortgage broker is not a requirement to purchase a home in Brisbane.
But teaming up with a professional has its benefits such as:
- Professional assessment of your eligibility for available grants for first home buyers
- Find first home loans faster
- Access offers from non-banks and alternative lenders
To determine how much deposit you need for your home, you should first calculate how much you can afford to borrow.
For instance, if you are planning to purchase a $250,000 home in Brisbane, you need to put down the following deposit:
- 5% deposit $12,500
- 10% deposit $25,000
- 15% deposit $37,500
The minimum credit score needed for first time home buyers in Brisbane is around 580.
But if you can pay at least a 10% deposit, some banks will accept a score between 500 and 579.
In Queensland, you are eligible to receive a first home buyer grant if you are:
- At least 18 years old and above
- Must be an Australian citizen or permanent resident
- You must be purchasing or building a brand new home
- You or your partner must have not previously owned a residential property in Australia
- The property’s value is less than $750,000
- You should move into the property as your primary residence within one year of the completed transaction and reside there continuously for six months.