First Home Buyers

We'll help you understand the loan types, grants and incentives to get you into your First Home

Embarking on the journey of buying your first home is an exciting milestone, but it can also feel overwhelming. At Derry & Co., we specialise in assisting first home buyers in Perth and throughout Australia, providing expert guidance every step of the way. Our extensive network allows you to access Home Loan options from banks and lenders across Australia, ensuring you find a solution that fits your financial situation. Whether you're looking to get pre-approved, understand your borrowing capacity, or explore interest rate options, we are here to simplify the process and make your dream of home ownership a reality.

Understanding the intricacies of the property market and the various financial products available is crucial for first-time buyers. One of the first steps in buying your first home is checking eligibility for first home owner grants (FHOG) and lenders mortgage insurance (LMI) waivers. These can significantly reduce upfront costs and make your transition into home ownership smoother. At Derry & Co., we help you navigate these options, ensuring you fulfil all requirements to take advantage of these benefits.

Interest rates are another major consideration when applying for a home loan. With choices between fixed and variable interest rates, it's essential to understand how each affects your loan amount and monthly repayments. A fixed interest rate offers stability, allowing you to budget effectively, while a variable interest rate may offer more flexibility and the potential for lower repayments if rates drop. Our team will help you weigh these options, taking into account your personal preference and financial situation.

When assessing your borrowing capacity, lenders will delve into your credit history and bank statements to determine the loan to value ratio (LVR) you can afford. A good credit history can also lead to interest rate discounts, making your loan more affordable over time. We work with you to present the best possible application package, ensuring you have a realistic understanding of what you can borrow. Additionally, we offer guidance on offset accounts and other features that can reduce your overall interest paid.

Stamp duty is another cost that first home buyers need to consider. Depending on the property value and location, this can be a significant expense. However, there are concessions available for first-time buyers that could alleviate some of this financial burden. Our experts at Derry & Co. ensure you are aware of these opportunities and help you apply for any applicable discounts.

For those considering future investments, understanding investment loan options is essential. Whether you're planning on purchasing your first investment property now or in the future, our team can guide you through the investment loan application process. We provide access to banks and lenders nationwide, offering competitive interest rates and a streamlined application process.

Buying a home is more than just a transaction; it's a significant life event that requires careful planning and informed decisions. At Derry & Co., we pride ourselves on making the home buying process as straightforward as possible for first home buyers. By helping you apply for a home loan that suits your needs and future plans, we aim to set you on a path to long-term financial security.

Taking the first step towards buying your first home doesn't have to be daunting. Our dedicated team at Derry & Co. is ready to assist you with every aspect of applying for a home loan, from understanding interest rates and checking eligibility for grants to optimising your borrowing capacity. Contact us today to begin your journey with confidence and clarity. Let us help you turn your dream of owning a home into a reality with our extensive access to banks and lenders across Australia.