First Home Buyer Loans.
Start your home ownership journey fully informed and with confidence.
- Fast approvals
- Expert Advice
Why Gusto Home Loans
20+ years of experience
in mortgage lending
Contact our team for a free consultation and discover your mortgage options.
Fast Pre-Approval
Get pre-approved for your first home loan in as little as 24 hours, so you can house-hunt with confidence and move fast when you find your dream home!
Step-by-Step Guidance
We guide you through every stage of the loan application process all the way through to settlement. Our brokers are always available to answer your questions.
Government Incentives
We help you unlock first home buyer assistance schemes and grants where available, and assist you in accessing programs like the First Home Guarantee, saving you thousands!
Low Deposit Options
Buy your first home with as little as a 5% deposit, without having to pay Lenders Mortgage Insurance. Book a free consultation today and ask us how!
How we can help you secure your first home loan:
The Gusto Edge
Expert mortgage advice to give you clarity and confidence when buying your first home.
- Fast pre-approval to get you started
- 30+ lenders to find you a great deal
- Fully online application process and Australia wide
- Personalised and responsive service
How does it work?
The Gusto Way
Fast-track your home loan pre-approval by speaking to our expert team of brokers today.
Buying your first home should feel exciting, not overwhelming. We’ll guide you every step of the way so you can stop renting and start building your future with confidence.
Free Consultation
A no-obligation consultation where we seek to understand your short and long term objectives so we can find the mortgage products that align with your goals.
Product Selection
Detailed information is prepared on the most suitable home loan options for your circumstances and a follow up consultation to ensure you understand and all questions are answered.
Approval
A comprehensive application is submitted to the lender to ensure a prompt credit assessment is completed and a speedy outcome is achieved.
Settlement
We will liaise with conveyancers, real estate agents, and the lender to ensure you are on track for your settlement date and the transaction can be completed without any unexpected surprises.
Mortgage Services From Gusto Home Loans
Speak to our brokers today about the best home loan finance solutions for your circumstances.
First Home Buyer FAQs
Questions? We're Glad you Asked.
Here’s a little more about how we operate to best serve first home buyers. Got a more specific question? Feel free to get in touch.
Most lenders require at least a 5% deposit, but this may be higher in some circumstances.
If your deposit is less than 20% then you may be required to pay Lenders Mortgage Insurance (LMI).
However, there are various government schemes that can remove this cost, including:
- First Home Buyers Guarantee Scheme (FHBG).
- Family Home Guarantee (FHG)
The FHG allows a minimum deposit of 2%.
The FHBG allows eligible first home buyers to purchase a property with a minimum 5% deposit without being liable for LMI.
The government guarantees the loan so the lender does not require LMI, which is funded by the buyer.
Note, while the number of eligible places under this scheme have increased significantly in recent years, there are still limits for FY26:
- FHBG: 35,000 places
- Regional FHBG: 10,000 places
The FHG is a similar program to the FHBG, but is targetd towards single parents or single legal guardians.
The minimum deposit is 2%.
Note, there are also limited places available (5,000) under the FHG for FY26.
Some states still offer stamp duty concessions to first home buyers, which vary depending on the type of property being purchased.
Our brokers can provide guidance on what is available for your specific circumstances.
Your borrowing limit will be determined by your income, expenses, and current debts.
As part of the initial consultation, our brokers will assess your borrowing power so you know where you stand prior to committing to a mortgage application for pre-approval.
Following the initial consultation, we will propose a number of suitable loan options shortly after along with a recommendation.
Once you are comfortable with the selected loan product we can prepare your application. Once all documents are completed a pre-approval can usually be obtained within 24–48 hours.
Once you have exchanged contracts on a property it usually takes 3-6 weeks to settlement, depending on the state or any non-standard terms that have been negotiated as part of the purchase.
The most important step is securing unconditional loan approval within agreed timeframes.
Followed by ensuring settlement takes place by the due date.
Our brokers have access to a panel of over 20 mortgage lenders.
This allows us to quickly compare home loans and find the best mortgage rates suitable for you.
The best part is that it is a free service for you! We earn our money from the lender in the form of a commission.
Details of this are provided to you in every case for full transparency.
The short answer is no, and there are two main reasons for this.
The first is that your property journey is only beginning and we intend to serve you over the long term.
We can only do this if you are thrilled with our service. This includes finding the most suitable deal for you now, but also monitoring the market into the future for when things change.
The second is that there is a legal requirement for mortgage brokers to act in the best interests of their clients. This regulation was introduced to limit the potential for bad actors in the industry. Giving some peace of mind for those unsure about using a broker.
But our first reason, is our motivation regardless of the regulations.
There are various degrees of bad credit and the overall answer is that it depends.
We have access to a large selection of home loan lenders and our brokers know their criteria inside out.
Book a free consultation today so we can better understand your credit history and can assess what options you have for a home loan.