Loan For First Home Buyers

Not sure where to start with your first home loan?

Buying your first home is a major life milestone, and yes, it can feel a little daunting. From figuring out your borrowing power to navigating grants and loan options, there’s a lot to take in.

That’s where we come in. Our team is here to guide you through every step, making the process easier, clearer and far less stressful, so you can focus on the excitement of owning your very first home.

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Get Help Buying Your First Home

Taking the leap into home ownership is a big deal, and feeling unsure about where to start is completely normal.

At Richmond Residential, we’re here to simplify the process and take the pressure off.

From working out your borrowing power to choosing the right loan and navigating the paperwork, we’ll walk you through each stage with expert advice and personalised support.

With the right guidance, buying your first home can be less stressful and a whole lot more exciting. Let’s take the next step together.

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Eligibility for the First Home Guarantee

Income Requirements

To be eligible, single applicants must have earned less than $125,000 and couples under $200,000 in the previous financial year. When applying, you’ll need to provide your Notice of Assessment from the ATO as evidence.

Who Can Apply

You can apply on your own or jointly with another eligible person. This could be a partner, sibling, friend or family member.

First Home Buyer Criteria

You must either be purchasing your first home or show that you haven’t owned or had an interest in residential, commercial or investment property in Australia in the past ten years.

Citizenship Status

Applicants must be Australian citizens or permanent residents at the time the loan is established to qualify for the scheme.

Owner-Occupier Requirement

You must move into the home within six months of settlement and continue to live in it while the loan is supported by the scheme.

Minimum Age

All applicants must be 18 years or older at the time of applying.

Need a first home? Let Richmond Residential connect you with the right private lender. Get in touch today to explore your options.

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Why Choose Richmond Residential For Your First Home?

We don’t just help you tick boxes; we make sure your first home buying journey is built on clarity, confidence and the right advice.

Whether you're still working out what you can afford or already house hunting, our mortgage experts will tailor support to where you're at.

With up-to-date insights on government grants, lender requirements and local property trends, we’ll help you navigate the process smarter, not harder.

Think of us as your go-to team for reliable guidance from first enquiry to final settlement.

Take the First Step Towards Financial Goals

Book a personalised financial strategy session today and start making your financial goals a reality. Let’s explore your options and create a plan to help you get the most out of your finances.