My Mortgage butler
First home buyers
Embarking on your first home purchase can be daunting. We streamline the process with expert advice on home loans, grants, and tailored solutions to make your journey to homeownership smooth and straightforward. For a mortgage broker, first-home buyer loans are often the most rewarding part of the job. Giving the keys to a couple that has just begun a new chapter of their lives is a milestone we are honoured to be part of, and we enjoy making this process as simple and stress-free as possible so you can focus on the exciting parts.
It’s cost and obligation-free
Access to 40+ lenders to get you your most suitable loan
First Home Buyers Mortgage
Buying your first home can be daunting and stressful, and we understand that. We aim to make this process as simple and stress-free as possible by guiding you every step of the way.
You likely have a clear vision of what you want for your first home, but where do you begin when it comes to securing a home loan?
During your initial consultation, we’ll discuss available grants and concessions, the best strategies for entering the world of first-time homeownership, and the next steps.
What is the first home owners grant?
The First Home Owners Grant Queensland is a one-off tax-free payment designed to financially assist first-time home buyers with the expenses of buying a home.
For buying or building a new home, the grant amount is:
- $30,000 for contracts signed between 20 November 2023 and 30 June 2025 (both dates inclusive)
- $15,000 for contracts signed before 20 November 2023.
For owner-builders, the grant amount is:
- $30,000 where foundations are laid between 20 November 2023 and 30 June 2025 (both dates inclusive)
- $15,000 where foundations were laid before 20 November 2023.
First home owners grant eligibility
Before applying for the first home owners grant, it’s essential to check if you are eligible to apply. The criteria as set by the Queensland Government are:
- You are aged 18 years or older
- You must be an Australian citizen or permanent resident (or applying with someone who is).
- A New Zealand citizen with a special category visa must have a current New Zealand passport to be a permanent resident.
- You or your spouse must not have previously received a first home owner grant in any state or territory of Australia.
If you are unsure if you have met the criteria for the first home owners grant, book an appointment with one of our mortgage brokers and we can discuss the requirements and your eligibility.
How My Mortgage Butler helps you buy your first home
Navigate Government Grants
You may be eligible for the First Home Guarantee, which offers a 5% deposit with no Lenders Mortgage Insurance (LMI) and stamp duty concessions. Additionally, you could qualify for the first homeowners grant, providing $30,000 for contracts signed between 20 November 2023 and 30 June 2025. We help you determine your eligibility for both the grant and the guarantor and guide you through the application process.
Identify Required Funds
We help you identify the property you want, understand your financial goals, and determine the funds needed for your deposit and what your home loan repayments may look like. Together, we’ll create a budget that puts you on track to secure your dream home.
Ensure you have all the paperwork
There are many paperwork details to manage, and knowing what to sign, when to sign, and where to send it can be overwhelming. We help you stay on top of your paperwork and ensure no deadlines are missed so you can buy your first home faster and stress-free.
Helping you find the right loan to secure your first home
We take the time to understand your financial situation, goals, and requirements, and then find loans that will assist you in achieving your goal of home ownership.
Support you in the approval process
From pre-approval to receiving the keys to your first home, we’re here to guide you, answer your questions, and ensure you’ve covered all the bases to make buying your first home a seamless and exciting experience. A mortgage broker acts on your behalf so you can rest assured that everything is being completed accurately.
First home buyer loan process
At My Mortgage Butler, we often work with first-home buyers who have never navigated the process of purchasing their first property. We make the process as simple as possible so it’s less overwhelming and you can make informed decisions about your property purchase.
Step 1
Initial consultation
Have your obligation-free, initial consultation over the phone. This will take 20-30 minutes.
Step 2
Supporting documents
Your dedicated mortgage broker will grant you access to the client portal, Finance Vault, where checklists and documentation requirements can be found. You will need to include:
- Details about yourself and, if applicable, your co-applicant, including contact, income, assets, liabilities, and employment.
- Income documents, including recent payslips and tax returns.
- Identification documents
- Bank statements
Step 3
Finance appointment
We will discuss your financial circumstances to understand your borrowing capacity and goals. We will then go over how you would like to structure your home loan, the funds necessary to reach your goals, and any potential issues that can arise during the application process.
Step 4
Assessment & recommendations
Once your financial situation has been analysed and you understand your options, one of our experienced mortgage brokers will complete a preliminary assessment and narrow down suitable home loan options.
We will also discuss:
- Discuss the pros and cons of each
- Our highlighted option and the reason why
- A breakdown of the funds required
- How you would like to structure your loan
- Reasons why you may not meet the eligibility criteria for certain home loans
- If you believe there’s a better option, we’ll gladly reassess and find the best fit
Step 5
Application & approval
After you have decided on a lender and product, we will prepare your application either for home loan pre‐approval or, if you have a contract ready to go, we will order a valuation and submit your application for “Formal Approval”. This is a bit of a complex process and why we are here to help. We will complete all the data, forms, proposals, and documents necessary to ensure your loan is approved.
We will then chase your lender, liaise with and communicate with conveyancers and real estate agents to ensure a smooth home buying process.
Step 6
Settlement & Beyond
For first time home buyers, the exciting part of securing a first home buyer loan is the process of officially transferring the property into your name. During this process, funds are disbursed, and the necessary documents for transferring property ownership are filed.
Step 7
Ongoing support
Our team of committed home buyer mortgage brokers is here to provide ongoing support, especially for first-time buyers. We have successfully guided over 100 clients through the process, helping them secure grants and find properties that align with their budgets and preferences. From the first step to the last, we’re dedicated to ensuring a smooth and informed journey into homeownership.
For more details about what the home loan process entails, please visit our process page.
We provide support at every stage, from your initial consultation to yearly check-ins, ensuring your mortgage stays on track
We are with you from start to finish, from preparing all the paperwork for your application to chasing the lender for approval, settlement, and beyond.
It’s cost and obligation-free
Why Choose My Mortgage Butler?
Genuine advice
We work in your best interest, not the lenders. With our guidance, you can trust that you are getting the best advice to secure the right home loan tailored to your financial situation, goals, and requirements.
We check in with you annually
Get support from a mortgage broker who checks in with you. Today's most suitable home loan might not be the same in two years. We'll keep in touch to make sure you're supported with the right advice.
Home loans delivered sooner & with clarity
Buying your first home should be an exciting and enjoyable journey. We work to ensure the process is smooth and straightforward, helping you unlock the door to your new home sooner rather than later.
You'll always know where your loan is at
We don't leave you in the dark. Our team will provide regular updates as we progress through the research, application, and approval stages of your first home. You're always welcome to ask us a question at any stage of your home loan journey.
Spend less time on paperwork & more time scrolling real estate listings
It's important to us that you get to enjoy buying your first home. Spend more time scrolling through real estate listings and attending open homes; we'll take care of all the behind-the-scenes admin.
We're rated 5 stars from 40+ Google Reviews.
A mortgage broker like terence really cares
Terence and the team have been incredibly helpful saving me thousands off my home loan. Banks do not care about you but a mortgage broker like terence really cares about all his customers and best interests for you! All banks want are profits but Terence found the best deal possible and how to save as much interest to pay off our home quicker! If it weren’t for his knowledge we would be screwed. He structured all our loans and investments the best way!
From "can we afford a house" through to now living in our own home.
Rhys took us from "can we afford a house" through to now living in our own home. He was kind, respectful and understanding and is continuously following up with our many questions. Highly recommended.
A great help
Rhys from My Mortgage Butler has been a great help in getting me a home loan in a very short period of time. Rhys guided me all the way till the end and even after handover. If you need a home loan, My Mortgage Butler and team are the peolple u need to contact ❤️
Always available for any questions
Rhys has been very helpful and supported me through the process of buying my first home. He was always available for any questions and stepped me through the process. Thank you so much for all your help Rhys! I would highly recommend My Mortgage Butler!!
Frequently Asked Questions
What if I'm not eligible for the grant?
If you aren’t eligible for the grant, we can work with you to find other potential grants for which you might fit the criteria and navigate your financial circumstances to find a solution that suits you and your goals.
Can I buy an investment property with the first home owners grant?
Unfortunately, this grant is not intended for investment properties. You are required to move into your new home as your principal place of residence within one year of the completed transaction and live there continuously for six months.
During the six-month residency period, you may rent out one or more rooms in your home, provided that this arrangement does not interfere with your use of the property. However, renting out any rooms during the first year after moving in may impact your eligibility for the first home concession or the first home vacant land concession. This is important to discuss with your home buyer mortgage broker, who can help you understand the residence requirements.
Can you use the first home buyers grant as a deposit in Queensland?
You can use the grant as your deposit. It can be applied at different stages of the home loan process, depending on how and when you apply. If you plan to use this grant to help with your deposit, make sure to inform your mortgage broker during the initial consultation.
How do I work out what my purchase price should be?
During our finance appointment, we analyse your finances and goals to determine a purchase price that aligns with your repayment goals. We ensure you are comfortable with your decision and understand how much deposit is required.
I have no idea how to buy a home, can you help me?
Absolutely. One of the best parts about being a mortgage broker is helping people buy their first home. We not only assist you with navigating the loan application but we want to educate you on the process so you can be well informed for future investments.
Take the first step towards home ownership with My Mortgage Butler and unlock the door to your first home with the confidence that you’ve made the right choice
It’s cost and obligation-free