First Home Buyer

Limitless Finance is a mortgage broker in Leppington, south-west Sydney, helping first home buyers across NSW and Australia buy their first home with as little as a 5% deposit. We compare home loans across a wide panel of lenders, check which first home buyer grants and government schemes you qualify for — including the First Home Guarantee, Help to Buy and stamp duty concessions — and manage the entire process from working out your borrowing power to settlement. Buying your first home should feel achievable, not overwhelming, and our job is to make every step clear.

How a mortgage broker helps first home buyers

Saving a deposit is hard enough. Navigating lender policies, government schemes and the sea of loan options can feel even harder. As a mortgage broker, we work with a wide panel of lenders to find a loan that suits your situation — not just the one product a single bank wants to sell you. You get choice, clear explanations, and someone in your corner through every step.
Support from application to settlement
We handle the paperwork, keep things moving and communicate every step of the way
Compare lenders
Compare lenders Access to a wide panel of lenders so you get the right loan, not just one option.
Understand your options
Understand your options We explain schemes, features and strategies in plain English so you can make confident decisions

Government schemes for first home buyers in NSW

First Home Guarantee

First Home Guarantee Buy with as little as a 5% deposit and avoid LMI, with no income limits and unlimited places available. Property cap: $1.5 million in Sydney and major NSW capital-city and regional-centre locations; $800,000 in other NSW areas.

First Home Super Saver
Scheme (FHSS)

Use eligible voluntary super contributions to build your deposit faster.

Stamp duty concessions

Stamp duty concessions Eligible first home buyers in NSW may receive a full exemption from transfer duty (stamp duty) on homes valued up to $800,000, with a concessional rate applying on homes valued between $800,000 and $1 million — under the NSW First Home Buyers Assistance Scheme (FHBAS).

Help to Buy

Help to Buy A federal shared-equity scheme where the government co-purchases part of your home — up to 40% of a new home or 30% of an existing home — so you can buy with as little as a 2% deposit and no LMI. Income limits apply: $100,000 for individuals and $160,000 for couples and single parents.

Our first home buyer process – step by step

Discovery
conversation

We get to know you, your goals and your timeframes.

Borrowing power
assessment

We review your finances
and determine how
much you could borrow.

Scheme and
grant check

We identify which schemes and grants you’re eligible for.

Loan comparison
and recommendation

We compare lenders and
recommend the right loan for you.

Application and
settlement

We handle the process
and get you to the finish line.

What documents do first home buyers need?

What documents do I need? Getting your documents organised early keeps your home loan application smooth and helps avoid delays. Most lenders will ask first home buyers for the following:
Let’s Find The Right Lending Pathway
Not sure if you have everything? We will run through your situation and tell you exactly what is needed before you lift a finger.

Proof of identity

at least two forms, typically a current passport or driver licence supported by a Medicare card or birth certificate.

Proof of income

PAYG employees: two most recent payslips (showing year-to-date) plus your latest PAYG summary. Casual employees: payslips covering at least 12 months of consistent work. Self-employed: last two years of personal and business tax returns plus ATO assessments.

Living expenses

your monthly spending across groceries, utilities, insurance, childcare, transport and entertainment. Reviewing your bank statements first helps, as most people underestimate what they spend.

Assets

Assets savings (with 3–6 months of statements), superannuation, vehicles, shares, cryptocurrency and any other assets you own.

Liabilities

credit cards (including those with no balance), personal loans, car loans, HECS/HELP debt and buy-now-pay-later accounts. Lenders assess your total debt exposure, not just current balances.
Frequently Asked Questions
Have Questions About Finance Or Lending?
Whether you are buying, refinancing, investing, or exploring loan options for the first time, we are here to help you understand the process and make your next step clearer.
How much deposit do I need to buy my first home?
Eligible first home buyers can purchase with as little as a 5% deposit using the First Home Guarantee, which removes the need to pay Lenders Mortgage Insurance. Without a scheme, most lenders look for around 5–20%, and a deposit under 20% usually attracts LMI.
Yes. Under the First Home Guarantee, the government guarantees part of the loan so eligible buyers can borrow with a 5% deposit without paying LMI, potentially saving thousands.
In Sydney and major NSW capital-city and regional-centre areas the cap is $1,500,000. In other NSW areas the cap is $800,000.
No — an initial consultation with Limitless Finance is free, and for most home loans our service comes at no cost to you, as we’re paid a commission by the lender once your loan settles. We explain how broker remuneration works upfront, so there are no surprises.
Whether you are just starting to think about buying or you are ready to go, we are here to help across NSW and Australia-wide.
Call Limitless Finance on 0499 788 777, email info@LimitlessFinance.com.au, or book a free consultation at limitlessfinance.com.au.
Most people think their options are limited. Most people are wrong.
Book a consultation with us, to see how we can stretch the limits to suit your financial needs.