Helping you understand your Home Loan options and the grants and incentives available

Taking the first step onto the property ladder is an exciting yet daunting process for first home buyers. With Ready Finance by your side, you'll navigate through the myriad of home loan options with ease, ensuring you find the perfect match for your financial situation. Our Home Finance & Mortgage Brokers specialise in helping first home buyers like you. We tap into a wide range of banks and lenders across Australia, ensuring you get access to the best deals out there.

One of the key concerns for first home buyers is finding a competitive interest rate. At Ready Finance, we work tirelessly to secure interest rate discounts that can save you thousands over the life of your loan. Understanding the ins and outs of lenders mortgage insurance (LMI), stamp duty, loan to value ratio (LVR), and how your credit history affects your borrowing capacity can be overwhelming. Our experts are here to demystify these terms for you, ensuring you're well-informed at every step of the application process.

We take pride in offering a personalised service, assessing your individual needs to recommend the right loan amount and product, be it for buying your first home or exploring investment loan options. Applying for a home loan is a significant step, but with Ready Widę Finance, you're not alone. We simplify the application process, guiding you towards making your homeownership dreams a reality. Choose Ready Finance, where first home buyers find the clarity and support they need to embark on their home-buying journey confidently.

Your Guide to the First Home Guarantee, Regional Buyer Support & Queensland First Home Owner Grant (2025)

Thinking about buying your first home in Australia or Queensland in 2025?

You’re not alone — and the good news is, there are several government programs designed to make it easier. At Ready Finance, we’re here to help you understand and apply for the right support, whether you're buying in the city, heading regional, or building from scratch.

What’s the First Home Guarantee and How Can It Help?

The First Home Guarantee (FHBG) is a national scheme that lets eligible first home buyers purchase a property with just a 5% deposit, without having to pay Lenders Mortgage Insurance (LMI). That means you can save thousands and buy your home sooner.

The government acts as your guarantor, backing up to 15% of the loan with your lender. This gives you access to better lending conditions, even with a smaller deposit.

What’s New in 2025?

Starting from July 2025, the government is expanding the program, adding more places to help ease pressure on housing affordability. If you’ve been sitting on the fence, now’s the time to take action — and Ready Finance can guide you through the application step-by-step.

Can You Apply?

To be eligible, you need to be an Australian citizen or permanent resident, aged 18 or over, earning less than $125,000 a year (or $200,000 as a couple). You must be buying your first home, or have not owned one in the last ten years. The home must also be where you plan to live.

Property price caps vary by location, and our team at Ready Finance can help you figure out exactly what the limit is in your area — and which lenders are participating.

Want to Buy in a Regional Area? The Regional First Home Buyer Guarantee Could Be the Key

If you're dreaming of a home outside the hustle of the big cities, the Regional First Home Buyer Guarantee might be just what you need. It works like the First Home Guarantee, offering the same 5% deposit and LMI exemption — but it's specifically for buyers in regional areas.

What’s Different?

To apply, you’ll need to show you’ve lived in the region (or a nearby one) for at least 12 months. It’s the government’s way of encouraging local ownership and helping first home buyers stay close to family, work, or community.

There are 10,000 spots available per year — and at Ready Finance, we can help you apply through one of the participating lenders before they run out.

Building or Buying New in Queensland? Here’s How the First Home Owner Grant Can Help

If you're looking to build or buy a new home in Queensland, the First Home Owner Grant (FHOG) can give you a financial boost to get started. This isn’t a loan — it’s a direct cash payment to help with your build or deposit.

What’s the Grant Worth in 2025?

Right now, eligible buyers can receive $30,000 if their contract is signed between 20 November 2023 and 30 June 2025. From 1 July 2025, it’s set to drop back to $15,000, unless extended. That means there’s still time to secure the larger payment — and Ready Finance can help you get everything sorted quickly.

Do You Qualify?

To be eligible, you must be at least 18 years old, an Australian citizen or permanent resident, and buying or building a brand-new home valued under $750,000. The grant applies only to properties you’ll live in — not investments — and you need to move in within a year and stay for at least six months.

There’s no income limit for this one, and you might also be eligible for stamp duty savings, depending on the home’s value.

How Ready Finance Can Help First Home Buyers in 2025

Navigating grants, guarantees, and lender options can feel overwhelming — but it doesn’t have to be. At Ready Finance, we work with a wide network of approved lenders and keep up to date with the latest government programs to help first-time buyers like you.

We’ll help you:

• Check your eligibility for federal and state schemes

• Apply through the right lender

• Understand how much you can borrow and what deposit you’ll need

• Access available concessions or grants before they expire

The Home Loan Process

Discovery Call

A 15-minute phone conversation with one of our qualified finance and mortgage brokers to establish the outline of your scenario. Whether you’re a first home buyer, refinancing an existing home loan, or seeking investment property financing, we’ll determine how we can help you achieve your goals and recommend the next steps.

Fact Finding and Document Collection

You will receive an email with a secure link to our online client center. Using this platform, you can provide detailed information and upload any documents necessary for our mortgage brokers to complete an initial home loan assessment. This step ensures we understand your financial position and can present the most suitable loan options.

Broker Meeting

Your mortgage broker will carefully review your provided information, calculate your borrowing capacity, and suggest loan options that match your needs. During the meeting, either in-person or via video conference, we’ll explore home loan structures, interest rates, repayment types, and loan terms. Whether you're a first home buyer or refinancing your home loan, our experienced brokers will recommend the best lenders for your scenario.

Submission

Once you and your mortgage broker agree on the most suitable loan solution, we’ll prepare and submit your application to your chosen lender. You’ll be asked to review and sign a summary document outlining the loan details and lender terms. In some cases, lenders may require specific application forms to be signed before submission.

Approval

After submission, your loan application will be assessed by the lender. Approval times may vary, but our team maintains regular contact with the lender to ensure progress. Your mortgage broker will keep you informed at every stage. Should the lender request additional documents or clarification, we’ll promptly coordinate with you to keep the process on track.

Once we receive formal unconditional approval, we’ll share the great news with you.

Post-Approval and Settlement

Following loan approval, the lender’s legal team will generate the loan documents for signing. Most lenders now offer digital signing for added convenience. Our dedicated settlements officer, Ashleigh, will be available to guide you through this final step, ensuring a smooth and stress-free settlement.

Whether you're a first home buyer navigating the loan process or a homeowner seeking to refinance for better rates, our team of expert mortgage brokers is here to help. Reach out today to get started on securing your ideal home loan.