What do I need to buy my first home?
When looking to buy your first home, you’ll need the following:
- A deposit. Usually 20% of your loan amount, or 10% which will require you to pay Lenders’ Mortgage Insurance (LMI).
- Funds to pay for government and third-party fees
- Your bank statements
- PAYG summaries
- Income statements
- Details of any other debt or financial responsibilities you currently have
Our self-serve home loan application can be completed independently and at your own pace, so if you’ve checked your eligibility and prepared the documentation you need - get started!