First Home Buyers

Home Loans

Looking to buy your next property? Whether you’re upgrading, relocating, or investing, we’re here to help you make the most of your next move. At Big Bear Wealth, we take the time to understand your goals and structure your next home loan with clarity, confidence, and strategy—so you can grow with peace of mind.

Who Is It For

Whether you’re moving into a larger home, relocating, buying a holiday property, or expanding your investment portfolio, a next home loan is the key to keeping your momentum going—without unnecessary stress or over complication.

We help:

• Growing families needing more space.
• Homeowners relocating for lifestyle or work.
• Investors purchasing their second or third property.
• Clients leveraging equity in an existing home.

First Home Buyers

Buying your first home is a big milestone—and we’re here to make it simple. At Big Bear Wealth, we guide first home buyers through every step of the journey, from understanding government schemes to securing the right loan with confidence and clarity.

How We Help

We break the process down into simple, easy-to-understand steps so you feel confident at every stage. Our role is to:

• Help you understand your borrowing capacity
• Explain loan types, interest rates, and repayment options
• Assist with first home buyer grants and government schemes
• Compare loans across 30+ lenders to find the best fit
• Prepare and submit your loan application
• Support you right through to settlement and beyond

Our First Home Process

1. Initial Chat
   We get to know you, your goals, and how much you can comfortably borrow.
2. Pre-Approval
   We secure a lender pre-approval so you can house-hunt with confidence.
3. Government Grants Check
   We review all available first home buyer assistance and submit applications where eligible.
4. Loan Match & Application
   We compare lenders and submit your application for formal approval.
5. Settlement & Ongoing Help
   We guide you through settlement and remain in touch for future reviews and support.

Who Qualifies?

To access first home buyer benefits and government schemes, certain criteria must be met. While requirements vary slightly depending on the specific grant or program, here’s a general guide:

• You’re 18 years or older
• You’re an Australian citizen or permanent resident
• You’ve never owned property in Australia (including investment property)
• You’re buying or building your first home to live in (not rent out)
• You meet the purchase price limits and income thresholds set by the program
• You intend to live in the property as your principal place of residence

Additional Notes:

• First Home Guarantee (FHBG): Requires at least 5% deposit, income limits apply (e.g. $125,000 for singles, $200,000 for couples), and the property must fall under price caps.
• First Home Owner Grant (FHOG): Often limited to new builds or substantially renovated homes.
• Stamp Duty Concessions (NSW): Available up to a certain purchase price—e.g. full exemption under $800,000 for new homes (as of 2024/2025 rules).

We’ll check your eligibility across all available grants and schemes and handle the application process for you.

FAQs

Q: How much deposit do I need as a first home buyer?
A: With the First Home Guarantee, you may only need 5%. Without it, aim for 10–20%. We’ll assess your options.

Q: Can I still buy with help from parents?
A: Yes! There are guarantor and gifted deposit options—we’ll talk you through both.

Q: What if I’m self-employed or on a contract?
A: That’s fine. We work with lenders who support different income types and employment structures.