Q2 Finance | Are you a First Home Buyer? We can help you buy!

Getting on the property ladder.

At Q2 Finance, we specialise in guiding first home buyers through the complex process of obtaining their first home loan. We understand that buying your first home is an exciting and significant milestone, and we are dedicated to helping you navigate the challenges and achieve the dream of homeownership.

With our expertise in real estate and finance, we have the knowledge and experience to simplify the process and provide the necessary support for you to make informed decisions. We leverage our background to help you navigate potential pitfalls and present your loan application in a way that increases your chances of approval with lenders.

As a finance broker, we have access to a wide range of loan products specifically tailored for first home buyers. We take the time to understand your unique circumstances, including your financial situation, savings, and long-term goals. This allows us to match you with the most suitable lenders and loan options available in the market.

Affordability is a crucial consideration for first home buyers, and we prioritize finding a loan that meets your financial needs and ensures comfortable repayment terms. We work closely with you to assess your budget, explore any government assistance programs or grants you may qualify for, and negotiate the most favorable loan terms possible.

If you are embarking on the journey to homeownership as a first home buyer, we invite you to leverage our experience as a finance broker. With our industry knowledge, extensive lender network, and commitment to client satisfaction, we are here to assist you in securing the financing needed to turn your dream of owning your first home into a reality.

Understanding your financials

Understanding is the first step to really being in control of your finances. With a home loan down the track, it’s important to understand the basics like budgeting, deposits and the potential for fees down the track. You also need to be able to pay for any maintenance, repairs or improvements to your new abode.

With access to over 50 lenders, we are able to help customers borrow up to 99.9% of a property value including lenders mortgage insurance (LMI). This is ideal for those who have limited funds available for the deposit and costs associated with buying a property such as stamp duty and legal fees.

We also recommend getting pre-approved. By doing so, you not only send a positive signal to the realtor and home seller, you also get a better idea of the budget you are going to have to stick to, giving you greater buying power.

Speak to a broker

You might be able to apply for the First Home Owner Grant, which helps Australians to get the funds they need to buy, or build their first home.

For more information about the First Home Owner Grant, from what it is, to the eligibility criteria, what the differences are in each state, how much you could receive, and when the grant gets paid, we have included helpful links below.

If you would like more information on how we can help you, contact us today!

If you’re a first home buyer and you’re buying or building a new home, you may qualify for a grant under the First Home Owner Grant scheme which varies in value depending on where and when you buy.

First Home Owners Grants are available state by state for both newly constructed homes and for land and dwellings. Share with us your plans to purchase and we can look at what grants might be obtainable for you.

To receive the grant when you buy your home:

you must be an individual, not a company or trust
you must be over 18
you, or at least one person you’re buying with, must be an Australian citizen or permanent resident

Generally, you won’t be eligible for the First Home Owner Grant if you or your spouse:

have previously owned or co-owned a home in Australia or
have received an Australian first home owner grant.

You may still be eligible if you purchased a residential property after 1 July 2000 and didn’t live in it for more than six continuous months.

You or one of the other first home buyers who purchase with must move into the new home within 12 months after buying the property, and live there for at least six continuous months.

If you’re buying land and building a new home, you must move in within 12 months after construction is complete.

If you’re a member of the Australian Defence Force you may be exempt from the six-month residence requirement, provided all buyers are on the New South Wales electoral roll.

What’s considered a ‘new home’?

If you’re buying an existing home, you can apply for the grant if:

this is the first time the house has been sold and
the house has never been lived in before you move in, including by the builder or a tenant.

Recently renovated homes

Your home is also considered new if it has been substantially renovated before you buy it. You might be eligible for the grant if:

most or all of the house was removed or replaced
this is the first time the home has been sold after those renovations
it hasn’t been lived in since being renovated, including by the builder or a tenant.

How We Can Help

The reason for our help becomes clear pretty quickly when you start looking at all the things that accompany a mortgage application.

Not only do you have to fully outline your income (including your partners if it’s a joint application), with all the accompanying statements, you also need to look at various home loan offers available.

At Q2 Finance, we research all your home loan options for you, and with access to over 50 lenders, we can also negotiate with the lender on your behalf, making sure you get a mortgage that matches your income, lifestyle and financial goals.