First Home Buyer Mortgage Broker — Melbourne

How We Help First Home Buyers

As your mortgage broker, we do the heavy lifting so you don't have to:

• Compare 40+ lenders to find a loan that may suit your situation — not just the big four banks
• Navigate government grants and concessions including the First Home Owner Grant (FHOG) and Victorian stamp duty exemptions
• Assess your borrowing capacity before you start looking at properties, so you know your budget
• Manage the entire application from document collection through to settlement
• Keep you informed at every step — no jargon, no confusion, just clear communication

Victorian First Home Buyer Benefits

If you're purchasing your first home in Victoria, you may be eligible for:

• First Home Owner Grant (FHOG): $10,000 for new homes valued up to $750,000
• Stamp duty exemption: Full exemption on properties up to $600,000
• Stamp duty concession: Reduced stamp duty on properties between $600,000 and $750,000
• First Home Buyer Guarantee: Purchase with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI) through the federal government scheme

Eligibility criteria apply. We'll help you understand which benefits you qualify for and how to access them.

What to Expect When You Work With Us

1. Have a chat — Tell us about your situation in 60 seconds via our enquiry form, or book a call. There's no obligation.
2. Free strategy session — We'll review your finances, explain your options, and map out a clear plan.
3. We handle the rest — From application to approval to settlement, we manage the process and keep you updated along the way.

Common Questions from First Home Buyers

How much deposit do I need?

Most lenders require a minimum 5% deposit. With the First Home Buyer Guarantee, you may avoid paying LMI even with a smaller deposit.

Will talking to a broker affect my credit score?

No. An initial conversation and assessment won't impact your credit score. A credit enquiry is only recorded when a formal application is submitted.

Do I pay for your service?

Our service is complimentary to you. We're paid by the lender when your loan settles.

Michael Gross is a Credit Representative (546597) of LMG Broker Services Pty Ltd (ACN 632 405 504, Australian Credit Licence 517192).