First Home Buyers
Starting Your Journey as a First Home Buyer with ArrowFin
First Home Buyer FAQ
How much can I borrow?
Every financial situation is different. ArrowFin will help you determine your borrowing capacity with personalized calculations.
How do I choose the right loan?
ArrowFin offers guidance on the various loan types available, helping you select the one that best fits your situation.
What do I need for a deposit?
Typically, a deposit ranges from 3% to 10% of the property’s value. ArrowFin can assist in exploring all your options, including using existing equity.
What will my repayments be?
ArrowFin provides access to a Repayment Calculator to estimate your payments and will help structure a loan that suits your financial needs.
How often will I make repayments?
Most lenders offer flexible repayment options. ArrowFin will help you choose a schedule that aligns with your financial goals.
What is the First Home Owner Grant, and am I eligible?
The grant is available for first-time homebuyers who are Australian citizens or permanent residents. ArrowFin will assist you in determining your eligibility and guide you through the application process.
What fees should I budget for?
ArrowFin will help you account for all associated costs, including stamp duty, legal fees, inspections, lender fees, moving expenses, mortgage insurance, and ongoing costs like council rates and insurance.
Why Choose ArrowFin?
More than half of Australians now rely on brokers to secure a home loan because brokers work for you, not the banks. ArrowFin is dedicated to understanding your needs and using our market expertise to negotiate the best loan options for you. We ensure that the loan you choose is tailored to your situation, not the lenders’. Embarking on the journey to purchase your first home is one of life's most exciting milestones. But, it can also be daunting with so many options and decisions to make. At ArrowFin, we specialize in turning the complexities into a clear, straightforward process. From securing pre-approval to finding the best loan product tailored to your needs, we are here to ensure your first home purchase is as smooth and stress-free as possible.