First Home Buyer Home Loans in Melbourne
Sorting out first home buyer home loans Melbourne wide can feel overwhelming — grants, stamp duty, deposit schemes and dozens of lenders. Best Brokers Melbourne matches you with a licensed broker who walks you through your options and compares lenders, at no cost to you.
Licensed brokers only · Free and no obligation · First home buyer specialists.
Support that may be available to Victorian first home buyers
As general information, Victorian first home buyers may be able to access several forms of support, including:
- First Home Owner Grant (FHOG) — a grant for eligible buyers purchasing or building a new home up to a set value cap.
- Stamp duty concessions — first home buyers in Victoria may pay no stamp duty below a lower price threshold, with a reducing concession up to a higher threshold.
- First Home Guarantee — a federal scheme that can let eligible buyers purchase with a smaller deposit and avoid lenders mortgage insurance.
Eligibility rules, value caps and amounts change over time and depend on your circumstances. A licensed broker can confirm what currently applies to you and check it against official sources such as the State Revenue Office Victoria. This page is general information only and is not financial or credit advice.
Why first home buyers in Melbourne use a broker
A broker matched to first home buyer home loans Melbourne wide does two useful things at once: works out which grants and schemes you may qualify for, and compares lenders to find one that accepts a smaller deposit on terms that suit you. That saves first home buyers a lot of guesswork at the most stressful point in the process.
How much deposit do first home buyers need?
There’s no single answer — it depends on the lender, the price, and whether you qualify for a government-backed scheme. Some options let eligible buyers in with a smaller deposit and without paying lenders mortgage insurance, while others want a larger deposit but offer a sharper rate. A broker lines these up side by side so you can see the real trade-off between getting in sooner and paying less over time, rather than guessing from a bank’s website.
How it works
- Tell us your situation — a short enquiry: what you’re looking to do, when, and where. No documents, no credit check.
- We match you with a broker — your details go to one licensed Melbourne mortgage broker suited to your enquiry, who contacts you directly.
- The broker takes it from here — they compare lenders, explain your options in plain English, and guide you through to settlement.
Building your first home rather than buying established? See construction and renovation loans. Buying in a specific area? See our Brighton and Bayside pages, or start from the main Melbourne page.
Frequently asked questions
What grants come with first home buyer home loans Melbourne wide?
Depending on eligibility, Victorian first home buyers may access the First Home Owner Grant for new builds, stamp duty concessions, and the federal First Home Guarantee. A broker confirms what currently applies to you.
How big a deposit do I need as a first home buyer?
It varies by lender and scheme. Some government-backed options allow a smaller deposit without lenders mortgage insurance. A broker compares lenders to match your deposit to the best available terms.
Is the first home buyer broker service free?
Yes. Best Brokers Melbourne is a free referral service; the broker is generally paid by the lender, disclosed to you.
Get matched with a broker
Best Brokers Melbourne is a free referral service — we’re not a mortgage broker and don’t give credit advice. We pass your details to one licensed broker, and may receive a referral fee at no cost to you.
This page is general information only and is not financial or credit advice.