Take the First Step with Finance for Living
Ready to buy your first home? We make the mortgage process simple, transparent, and stress-free. Start your journey today with a free, no-obligation consultation.
Buying your first home in Melbourne doesn’t have to be complicated. With Finance for Living, you’ll receive expert advice, personalised loan solutions, and ongoing support every step of the way.
We collaborate with a range of lenders to find the best solution for your unique situation. Our process is straightforward and stress-free:
We know the ins and outs of Melbourne and Australia’s property market and first-home buyer incentives.
We offer loans designed for your unique financial situation.
No hidden fees, no surprises - just clear advice.
We ensure you take full advantage of the grant.
The First Home Guarantee (FHBG) is a valuable government incentive designed to help first-time buyers like you get into the property market. At Finance for Living, we make sure you fully understand the grant and how to maximise the benefits it offers.
The FHBG is a one-time grant provided by the Australian to eligible first-home buyers purchasing or building a new home. The amount of the grant depends on the location and value of the property, but it can significantly reduce your overall costs.
We’ll walk you through the eligibility criteria to determine if you qualify. Typically, the grant applies to new homes, and there are restrictions on property value and whether you’ve owned property before.
Our team handles the paperwork and ensures that your application is submitted correctly and on time, so you don’t miss out on this opportunity.
In addition to the grant, we can explore other financial incentives available to first-home buyers, such as stamp duty concessions, which could save you thousands.
Call us today at 0424 241 262 or Submit an Enquiry, and let’s see how much you can save with the First Home Guarantee Grant. At Finance for Living, we take the stress out of applying for a mortgage, guiding you every step of the way.
We start with a free, no-obligation meeting to understand your financial goals and unique needs. Whether you're wondering about loan eligibility, grants, or long-term affordability, we’ll help clarify the next steps.
Based on your situation, we present tailored mortgage solutions from a wide range of lenders. We ensure the loan matches your goals, not just offering the lowest rate, but the suitable fit for your financial future.
We take care of all the paperwork, from grant applications to liaising with lenders, so you don’t have to. Our goal is to make the approval process as smooth and stress-free as possible.
Our support doesn’t end at settlement. We offer ongoing assistance, including annual loan reviews and refinancing options, ensuring your mortgage continues to work for you in the years to come.
Whether you’re ready to begin or have more questions about the process, we’re here to help. Contact us today to schedule your free consultation and take the first step towards homeownership.
The deposit required for buying a home in Melbourne & Australia-Wide typically ranges from 10-20% of the property’s value. This means that if you’re purchasing a home valued at $600,000, you would generally need a deposit between $60,000 and $120,000.
However, first home buyers may have more flexible options. With government-backed schemes such as the First Home Guarantee or the Family Home Guarantee, you may be able to secure a loan with a deposit as low as 5% of the property value. These schemes are designed to help first-time buyers enter the property market sooner by reducing the upfront costs required.
It’s also worth noting that lenders may offer low-deposit home loans. However, these often come with the requirement to pay Lenders Mortgage Insurance (LMI), which is an additional cost if your deposit is less than 20%. At Finance for Living, we can help you explore options to either minimize or avoid LMI where possible.
If you’re purchasing or building a new property in Melbourne or regional Victoria, you may be eligible for the First Home Owners Grant (FHOG). This grant is a government initiative designed to assist first-time home buyers by reducing the cost of their purchase, making homeownership more accessible.
To qualify for the FHOG, you’ll need to meet certain criteria:
In addition to your deposit, there are several other costs to consider:
At Finance for Living, we help you budget for these costs and explore options to reduce them, ensuring you’re fully prepared for your first home purchase.
Having bad credit can make it more challenging to secure a home loan, but it doesn’t mean it’s impossible. At Finance for Living, we work with a wide network of lenders who specialise in offering loans to individuals with less-than-perfect credit. These lenders understand that life events—such as missed payments, defaults, or other financial hardships—can affect your credit score, but they are still willing to offer financing options to help you achieve your homeownership goals.
The mortgage approval process usually takes between 1 to 4 weeks, depending on your circumstances and the lender
Throughout this process, Finance for Living will keep you updated and ensure everything moves smoothly. We’re here to help minimise delays and make the approval process as stress-free as possible.
With Finance for Living, you’re not just getting a mortgage broker, you’re gaining a partner in your journey to home ownership. Let’s work together to make your dream home a reality.
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Simon O’Kelly (Credit Representative Number: 439252) and Ainslie Conheady (Credit Representative Number: 537417) are credit representatives of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237. Copyright © 2025 – Credit Guide and Privacy Disclosure Statement & Consent: Simon O’Kelly, Ainslie Conheady. Website by nuvismedia
