First Home Buyers

Buying a property for the first time is an exciting time, however some people believe it can be a daunting experience. At Citywide we're ‘keeping it simple’, we understand that there are many loans and the whole process can get quite confusing. A Citywide Lending consultant has access to, and can compare hundreds of loan products within minutes. More so, we’ll explain it to you in plain English.

GET A FREE PRE-APPROVAL BEFORE ANTHING ELSE
It’s important to know exactly how much the lenders will approve you for. In doing so, you can shop around and know what your price range is. Also you will know exactly what your limit is when bidding at an auction. A pre-approval gives you the luxury to shop around for your first home and not have to worry about the finances.

It has never been better to be a First Home Buyer. These days you may be eligible for some Government Concessions and the Banks have really begun to provide flexible lending policies that make it easier to finance a home.

GOVERNMENT CONCESSIONS
As a First Home Buyer you may be eligible for the Federal Governments $7,000 Grant. This is payable to you upon settlement and can also be used as part of the deposit for the home or can help with legal and other costs.

In NSW, a First Home Buyer also has the opportunity to apply for FREE Stamp Duty for a property valued up to $500,000. Concessions in Stamp Duty also apply for properties valued between $500,000 and $600,000.

Contact us today to see how these Government Concessions can help you.

DEPOSIT REQUIRED
A general rule of thumb is that the Lenders require a 5% deposit and proof of a regular savings history. However in today’s competitive environment there are many options available to you. These options include but are not restricted to:

- Use of Family Equity
- Family Guarantors / Pledges
- 100% home loans

Check out our Calculators to find out how much you can borrow and what your repayments will be.

Please fill out our online enquiry form for more information.

A Citywide Lending consultant can walk you through every step of the way. Make a FREE no obligation appointment today to see how we can help.