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First Home Buyer Loans in Sydney

Guiding Sydney first-home buyers through deposits, government schemes and pre-approval to their first purchase.

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First home buyer loans for Sydney buyers

Using the First Home Guarantee in Sydney

Buying your first place in Sydney means working out which government schemes you actually qualify for before you fall in love with a listing. The brokers in our network help first home buyers map the full picture: whether the NSW First Home Buyers Assistance Scheme wipes your stamp duty under $800k or trims it up to $1m, whether the $10,000 First Home Owner Grant applies to a new build under $600k, and whether the First Home Guarantee can get you in with a 5 per cent deposit and no lenders mortgage insurance under the $1.5m Sydney cap. A first conversation usually starts with your savings, your income and the suburbs you are watching. From there the matched broker shows what each pathway changes about your deposit and timeline. Unlike a refinance or investor enquiry, this service is built around stacking concessions correctly the first time.

Who this is for

This is for renters and savers taking their first step onto the Sydney property ladder, including couples pooling deposits, singles buying solo, and families who have never owned before. It suits people unsure whether they clear the First Home Guarantee criteria after the October 2025 changes removed income and place caps, and those weighing a slightly cheaper new build under $600k to capture the grant. If you are staring at a deposit that feels short and wondering whether you can avoid LMI, a broker in our network can tell you which schemes you genuinely meet rather than guessing from a forum thread.

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Deposit and lenders mortgage insurance

The brokers in our network typically cover the following as part of first home buyer loans.

First Home Buyers Assistance Scheme (stamp duty) eligibility
First Home Owner (New Homes) Grant check
First Home Guarantee 5% deposit pathway
Help to Buy shared equity assessment
Deposit and LMI planning

How it works

  1. 01

    Share your goal

    Tell us your savings, income and the Sydney areas you are considering. A first home buyer specialist from our network reviews where you stand.

  2. 02

    Map the schemes

    The matched broker checks your eligibility across FHBAS, the grant, the First Home Guarantee and Help to Buy, then explains the trade-offs.

  3. 03

    Compare options

    You see how different deposits, schemes and lenders on the panel affect your borrowing power, repayments and upfront costs.

  4. 04

    Move to application

    Once a pathway makes sense, the broker prepares your paperwork and lodges with a lender suited to first home buyers.

Why use our network for first home buyer loans

Scheme eligibility checked properly

FHBAS, the First Home Owner Grant, the First Home Guarantee and Help to Buy each carry different price caps and conditions. The matched broker confirms which ones apply to your situation before you commit to an offer or a property type.

Deposit and LMI planning

Going over 80 per cent LVR usually triggers lenders mortgage insurance, but a 5 per cent deposit under the First Home Guarantee can sidestep it entirely. Brokers in our network show how each deposit level changes your costs.

Lenders who like first buyers

Some lenders are far more comfortable with low deposits and scheme-backed applications than others. The matched broker points your file toward lenders on the panel whose policies fit first home buyer circumstances.

Getting your first home loan right is mostly about lining up the schemes and deposit before you bid, not scrambling after. A broker in our network can walk you through what you qualify for and what each choice means for your costs, with no pressure to proceed. Brokers are usually free to you because the lender pays their commission, so the early planning costs nothing. When you are ready, leave your details through the callback form and a first home buyer specialist will be in touch to talk through your options.

First Home Buyer Loans: common questions

Plain answers to the questions we hear most about this service.

What deposit do I need to buy a house in Sydney?
A full deposit is 20 percent of the price, which on Sydney's median house of around $1.6 million is roughly $320,000. However eligible first home buyers can use the federal First Home Guarantee to buy with just a 5 percent deposit and no Lenders Mortgage Insurance, which brings the figure down to around $80,000 on the same price. The Help to Buy shared equity scheme can lower it further to a 2 percent deposit.
What is LMI and how can I avoid it?
Lenders Mortgage Insurance (LMI) is a one-off cost the lender charges when you borrow more than 80 percent of a property's value, and it protects the lender, not you. You can avoid it by saving a 20 percent deposit, using the First Home Guarantee (which removes LMI for eligible first home buyers with a 5 percent deposit), or having an eligible guarantor. A broker can tell you which path costs you least.
What government schemes can first home buyers in NSW use in 2026?
First home buyers in NSW can stack federal and state support. The NSW First Home Buyers Assistance Scheme removes stamp duty on homes up to $800,000 and discounts it up to $1 million, and the $10,000 First Home Owner Grant applies to new homes up to $600,000. Federally, the First Home Guarantee allows a 5 percent deposit with no LMI on Sydney homes up to $1.5 million, and the Help to Buy shared equity scheme allows a 2 percent deposit.
Do I pay stamp duty as a first home buyer in NSW?
Under the NSW First Home Buyers Assistance Scheme you pay no transfer (stamp) duty on a new or existing home valued at $800,000 or less, and a reduced rate on homes valued above $800,000 and under $1 million. Above $1 million the full duty applies. Vacant land you intend to build on is exempt up to $350,000 and discounted up to $450,000.
How much income do I need to buy a typical home in Sydney?
It depends on your deposit and debts, but with Sydney's median house around $1.6 million, buyers typically need a strong combined income and a sizeable deposit to pass serviceability once the 3 percent APRA buffer is applied. Many Sydney first home buyers use the First Home Guarantee or Help to Buy to bridge the deposit gap. A broker can calculate the income required for the specific suburb and price you are targeting.

Sydney suburbs we cover for First Home Buyer Loans

The First Home Buyer Loans service is available across all 15 Sydney suburbs in our coverage area. Pick your suburb for the local notes, or submit the form for a free review.

First Home Buyer Loans in Parramatta Sydney's second CBD with a fast-growing high-rise apartment market drawing first-home buyers and investors alo First Home Buyer Loans in Liverpool A major south-western hub with affordable apartments near the hospital and university plus large family homes First Home Buyer Loans in Blacktown One of Sydney's largest residential districts dominated by affordable freestanding houses and new house-and-la First Home Buyer Loans in Penrith The Nepean regional centre offering detached houses at outer-metro prices First Home Buyer Loans in Bankstown A diverse south-western centre with mid-rise apartments around the CBD and solid post-war houses on quiet stre First Home Buyer Loans in Chatswood An affluent Lower North Shore hub combining premium apartment towers with prestige houses First Home Buyer Loans in Hornsby The Upper North Shore gateway with a growing apartment precinct around the station and large bushland family h First Home Buyer Loans in Sutherland The gateway to the Shire with a mix of unit blocks near the station and comfortable family houses First Home Buyer Loans in Bondi Junction A dense Eastern Suburbs retail and transport hub of art-deco and modern apartments First Home Buyer Loans in Castle Hill An affluent Hills District centre of large family houses on big blocks plus a new metro apartment precinct First Home Buyer Loans in Baulkham Hills An established Hills family suburb of spacious brick homes on large blocks First Home Buyer Loans in Campbelltown A Macarthur regional centre offering some of metro Sydney's most affordable houses First Home Buyer Loans in Ryde A central northern suburb blending mid-century houses with new apartment developments near Top Ryde First Home Buyer Loans in Cronulla Sydney's only beachside rail suburb First Home Buyer Loans in Manly An iconic Northern Beaches harbour-and-ocean suburb of prestige apartments and tightly held coastal houses

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