SK Finance and Home Loans
First Home Buyers
Buying your first home comes with plenty of questions. We help make the finance side easier to understand.
About this service
Finance guidance built around your circumstances.
Buying your first home can feel overwhelming. We can help you understand the finance side, from your borrowing position to the loan application.
Every borrowing situation is different. Your income, financial position, goals, property and the lender's assessment criteria can all affect the options available to you.
Our role is to help you understand the finance process, discuss your requirements and explore lending options that may be suitable for your circumstances.
Who this may be for
This service may be relevant to customers in situations such as:
- People buying their first home.
- First home buyers unsure about their borrowing capacity.
- Buyers working out their deposit requirements.
- Anyone wanting guidance with their first home loan.
How we can help
Depending on your circumstances, we can help you understand areas such as:
- Understanding your borrowing position.
- Discussing deposit requirements.
- Comparing home loan options.
- Understanding repayments and loan features.
- Preparing your application.
- Understanding the process through to settlement.
Things to consider
Your circumstances matter.
When assessing a lending option, there are several factors that may need to be considered. The exact requirements depend on the lender and your individual circumstances.
Your income and employment.
Your savings and deposit.
Existing debts and commitments.
Your credit history.
The property and purchase price.
Relevant government schemes or concessions.
Why work with us
A simpler way to approach your finance.
We focus on clear conversations, practical guidance and helping you understand your lending options.
A clearer idea of what you can afford.
Help preparing your first loan application.
Access to lenders on our panel.
Support throughout the finance process.
Our process
From conversation to next steps.
The exact process can vary depending on your circumstances, lender and finance requirements. Generally, the journey can look like this.
Talk about your plans
We discuss the type of home you are looking for, your budget and your timeframe.
Review your finances
We look at your income, expenses, savings and existing commitments.
Explore your options
We explain the loan options that may be available based on your circumstances.
Prepare for pre-approval
Where appropriate, we help you understand what is needed for a pre-approval application.
Find your home
With a clearer idea of your finance position, you can continue your property search.
Move towards settlement
Once you have found your home, we continue to help with the finance process.
Getting prepared
Documents you may need.
The documents required will depend on your circumstances and the lender. These are examples of information that may be requested.
Photo identification.
Recent income evidence.
Bank statements.
Evidence of your savings and deposit.
Details of existing debts.
Other documents requested by the lender.
Frequently asked questions
Questions about first home buyers?
Do I need a large deposit?+
Deposit requirements vary between lenders and depend on your circumstances and the property you are buying. Other purchase costs may also apply.
Can I get pre-approval before finding a property?+
Depending on your circumstances, you may be able to apply for pre-approval. Pre-approval is subject to lender criteria and does not guarantee final approval.
Can you help with first home buyer schemes?+
We can discuss how relevant schemes may relate to your finance situation. Eligibility and scheme rules can change, so official government information should also be checked.
Let's talk
Ready to talk about your finance goals?
Start with a conversation about your goals and circumstances. We'll help you understand the next steps and the lending options that may be available to you.
First home buyer eligibility, government schemes and lending requirements can vary. Lending remains subject to lender criteria, assessment and approval.