First home buyer home loans.

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Buying your first home.

Buying your first home is exciting, but it can also feel overwhelming.

There’s a lot to figure out. How much you can borrow. What deposit you need. What grants you’re eligible for. And how the whole process actually works.

That’s where Dandy comes in.

You don’t need to have everything worked out before you get in touch. You just need a place to start.

Book a call

First home buyer grants and support (QLD).

As a first home buyer in Queensland, you may be eligible for a range of government support.

Here is a general outline, but once we understand your situation, we can let you know what you’re likely eligible for.

Depending on your situation, you may be able to:

  • Buy with as little as 5% deposit and avoid LMI

  • Access shared equity schemes with deposits as low as 2%

  • Save for your deposit faster through your super

  • Reduce or eliminate stamp duty

The options can vary depending on your income, deposit and the type of property you’re buying.

We’ll walk you through what applies to you, and what actually makes sense for your situation.

  • The Queensland Government currently offers a $30,000 grant for eligible first home buyers building or buying a new home.

    Eligibility generally includes:

    • Buying a home (including apartment, unit, townhouse, house)

    • Building a new home to be your primary residence

    • Living in the property as your primary residence

    • Meeting price thresholds and other criteria 

  • Australian Government Home Guarantee Scheme

    The Home Guarantee Scheme can help eligible first home buyers purchase a home with as little as a 5% deposit, without paying Lenders Mortgage Insurance (LMI).

    There are also options available for eligible single parents to purchase with as little as a 2% deposit.

    Potential benefits:

    • Buy sooner with a smaller deposit

    • Avoid paying LMI

    • Available to eligible first home buyers and single parents

    • Access a range of participating lenders

    Eligibility criteria apply, including income limits and property value caps.

  • The Help to Buy Scheme is a shared equity program designed to make home ownership more accessible.

    Under the scheme, the Australian Government contributes up to:

    • 40% of the purchase price for a new home

    • 30% of the purchase price for an existing home

    This can allow eligible buyers to purchase with as little as a 2% deposit, reducing both the amount they need to save and the amount they need to borrow.

    Eligibility criteria apply, including income limits and property requirements.

Book a call

The process:

  • 1. Let's chat

    We'll start with a conversation about your goals, answer your questions, and understand your situation. We’ll also get you to complete a questionnaire via email.

  • 2. Review options

    We’ll shortlist up to three loan options for you to review. These will be based on the best rates, fee structure, facilities (such as redraw/offsets), and other factors to your circumstances. We can talk these through, and you can ask any questions.

  • 3. Apply for loan

    Once you've chosen an option, we'll handle the application and work directly with the lender on your behalf. You’ll need to provide ID, payslips and other documentation.

  • 4. Pre-approval

    If the bank approves our application, you'll be granted pre-approval for your loan. You can make an offer on a home with confidence, or even bid at an auction.

  • 5. Approval & Settlement

    Once you’ve found your home, we work with your lender to make it all official. We’ll make sure your deposit is paid and your conveyancer has all the details for settlement.

FAQs.

  • It depends on your situation, but many first home buyers can purchase with as little as 5% deposit, and sometimes even less with government support.

    We’ll walk you through what’s possible based on your income, savings and goals, so you know exactly where you stand.

  • Your borrowing capacity depends on your income, expenses, debts and deposit.

    Rather than guessing, we’ll break it down clearly so you understand your budget and what you can comfortably afford.

  • You may be eligible for the First Home Owner Grant, as well as stamp duty concessions and other support programs.

    The exact benefits depend on the property you’re buying and your personal situation, so we’ll guide you through what applies to you.

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Contact Dandy.

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