Buying your first home is both exciting and overwhelming. Between understanding your budget, applying for a loan, and finding the right property, it’s easy to feel lost. That’s why we’ve put together this simple guide to help first-home buyers feel more confident and prepared.

Step 1: Know your budget.
Before you start browsing properties, it’s important to know how much you can borrow. This involves assessing your income, savings, and expenses. At Reachable Finance, we offer a free borrowing power assessment to help you understand your limits without overextending.

Step 2: Save for a deposit.
Most lenders prefer a deposit of at least 10–20% of the property value, although some options exist for lower deposits if you meet certain criteria or use a guarantor.

Step 3: Explore government incentives.
First-home buyers may be eligible for benefits such as the First Home Owner Grant (FHOG), stamp duty concessions, or the First Home Loan Deposit Scheme. These can help reduce upfront costs significantly.

Step 4: Get pre-approved.
Loan pre-approval gives you confidence when making an offer. It shows sellers you’re serious and helps you stay within budget.

Step 5: Choose the right home and loan.
We work with you to compare hundreds of loan products and make sure you choose a loan that suits your financial situation and goals.

Buying your first home doesn’t have to be stressful. With the right guidance and preparation, it can be a rewarding and empowering journey. Let Reachable Finance help you take that first step with confidence.