After years of renting, Emily was ready to buy her first home. As a registered nurse working full-time, she had a stable income and a strong savings record. However, rising property prices made it difficult to save a large deposit while also keeping up with increasing rent.

Like many first-home buyers, Emily assumed she would need a full 20% deposit before she could buy. She worried that by the time she reached that target, property prices would have climbed further — pushing home ownership even further out of reach.

What Emily wanted to understand was whether there was a way to purchase a property sooner, without compromising her financial security.

Finding the Right Solution

After reviewing Emily’s financial position, our broker identified that she was a strong candidate for the First Home Guarantee. Under this government scheme, eligible first-home buyers can purchase with as little as a 5% deposit, with the government guaranteeing a portion of the loan so the buyer avoids paying Lenders Mortgage Insurance (LMI) — often a saving of thousands of dollars.

We carefully assessed her income, savings history and ongoing expenses to confirm her borrowing capacity, then compared lenders offering competitive rates and flexible policies for first-home buyers under the scheme. This allowed us to match Emily with a lending solution that suited both her current circumstances and her long-term goals.

The Application Process

To keep the application moving smoothly, we worked closely with Emily to gather the required documentation and prepare a strong, well-structured loan application.

Throughout the process, we kept her informed at every stage — explaining the lender’s requirements, securing her place under the scheme, and walking her through each step involved in obtaining finance.

Because the file was well prepared, the lender was able to assess it efficiently and issue formal approval within the expected timeframe.