First Home Owner Grant (FHOG) Support – Home Loan Guidance & Eligibility Help

⚡Understand how the First Home Owner Grant (FHOG) works in Queensland. Learn eligibility requirements, application tips and strategies to maximise your buying power while accessing competitive rates and flexible loan features tailored to first home buyers.

Suitable For

✓ First-time buyers entering the property market
✓ Singles, couples, and families seeking deposit-friendly options
✓ Clients using government schemes, grants, or concessions
✓ Buyers needing structured guidance through the full purchase process

Loan Purpose

✓ Purchase your first residential property, established or newly built
✓ Access eligible government grants, schemes, and stamp duty concessions
✓ Support low-deposit or no-LMI pathways
✓ Assist with borrowing assessments, lender policy checks, and purchase strategy

Loan Structure

✓ Options include variable, fixed, or split rates
✓ Low-deposit loans from 5% (and in some cases 2% with qualifying schemes)
✓ Potential LMI waivers or government-backed guarantees
✓ Tailored loan products based on income, deposit size, and long-term plans

Success Story

From Renting to Owning

A young Brisbane couple secured their first home with a 5% deposit using a First Home Guarantee. Guidance on grant applications and lender comparison allowed them to move in within eight weeks.

Single Buyer Leveraging Government Schemes

A Sydney single buyer combined the First Home Buyer Assistance Scheme and the First Home Owner Grant for a new build, reducing upfront costs and avoiding family guarantees.

Family Purchasing with Limited Savings

A Melbourne family with minimal savings used a flexible lender option to secure a townhouse, avoiding further rental increases and utilising government grants effectively.

Advantages

LOWER ENTRY

Access grants, concessions, and guarantee schemes to reduce upfront expenses.

DEPOSIT FLEXIBILITY

Low-deposit options available for eligible first-home buyers.

LMI & STAMP DUTY EXEMPTIONS

Potentially exempt from Lenders Mortgage Insurance for qualifying applicants.

GOVERNMENT GRANTS

Leverage stamp duty concessions, First Home Owner Grant incentives, and property value caps designed for first-time buyers.

FAQ

Contact QLoans.au for the latest policies, rates, and industry updates.

How much deposit do I need as a first home buyer?

Most lenders require 5–20%. With government guarantees, eligible buyers may qualify with as little as 2–5% deposit without paying LMI.

What government schemes am I eligible for?

Eligibility depends on income, property type, property value caps, and prior property ownership. Grants, concessions, and federal/state guarantee schemes vary by state.

Can my parents help with my first home purchase?

Yes. Options include family guarantees, gifted funds, or co-borrowing arrangements depending on lender policy and risk profile.

Does being in a partnership affect my eligibility?

Some schemes require both applicants to meet first-home buyer criteria; lender policies may differ.

Can I use a FHB loan for an investment property?

Most first-home schemes require owner-occupation. Some lenders allow investment purchases, but government incentives typically only apply to owner-occupied homes.

What makes QLoans.au different from going directly to a bank?

A conversation with QLoans.au can uncover loan solutions that one lender alone might not offer. Our expert brokers compare competitive options across banks, non-banks, and specialist lenders, keeping you informed on current policies. From pre-assessment to post-settlement, we provide guidance to streamline the entire process and maximise your options.

Pre-qualify for a loan

Check your estimated loan range and compare three rates tailored to your borrowing position.

If a loan isn’t suitable right now, we’ll help you get ready for when it is.

✓ Connect with a broker, not an AI assistant

Call Natalee at QLoans.au