First home buyer loans

Buying your first home signifies a thrilling milestone in your life journey! After diligently saving for a considerable period, you may find yourself pondering if the timing is just right. This scenario is familiar to many. Eventually, you’ll feel confident about your income stability and job security, managing your expenses effectively. You might even find yourself browsing through real estate listings or exploring open houses. Your journey towards this goal has been a dedicated commitment, and now might be the perfect time to take the plunge.

In this stage, you may find yourself contemplating a variety of questions.

What are the crucial stages in the process of purchasing a home?
What should be my next course of action from this point forward?
What are the available benefits for first-time homebuyers that I can access?
Do I have enough for the down payment?
What loan amount fits within my financial capabilities, and what would be the resulting repayment terms?

Unlock your dream home with Credit Stream

If you’re looking at building your first home, complete our enquiry form to get the journey started and we’ll be in touch.

What are the stages involved in the purchasing process?

Two processes are occurring simultaneously: the property buying process and the finance process. Although they interact, they have distinct milestones. We provided a comprehensive description of both processes and how they must synchronise on a separate page.

Upon completing the finance application, you receive pre-approval, indicating readiness to make offers or participate in auctions.
Offer is agreed upon / Submit holding deposit (Initiates the cooling-off period).
Finalised / unconditional finance approval
Complete the exchange / finalise the purchase agreement (requiring a 5% or 10% deposit payment).