Buying Your First Home? Get Expert Advice and Support
At Jump Financing, we make finance simple for you so you can focus on finding your dream home. We work with you on getting the right first time home buyer loans in Melbourne for your situation.
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First Home Buyer? Let's Get Started!
Are you ready to make an exciting leap into owning your first home? As mortgage brokers Melbourne, we have helped many families and young people move into their first homes. We will guide you through various financial options and be with you at every step of the journey to help you find the best home loans for first time buyers in Melbourne that works for you. Our team will also help you apply for government grants and financial incentives if you are eligible.
What Are the Features of Our First Time Home Buyer Loans in Melbourne?
Offset Facility
The lenders we have tied up with offer a 100% offset facility on variable home loans. A separate savings or transaction account will be linked to your home loan account, and the balance of this account will be deducted from your first time home buyer loan balance to reduce the loan interest amount you have to pay.
Redraw Facility
The redraw facility lets you redraw extra principal repayments you have made on your loan. This facility helps you reduce the amount of interest you pay on your home loan. Moreover, you can redraw the money when you need some extra cash.
Additional Repayments
Pay more than the minimum amount required on your first time home buyer loan in Melbourne and save thousands in the long run and reduce the life of your home loan.
Split Loans
You can choose to divide your first time home buyer loan in Melbourne into two accounts, one with a variable rate and the other with a fixed rate. Splitting your loan lets you leverage the benefits of both fixed and variable loans.
Interest Rates
As leading mortgage brokers Melbourne, we offer best home loans for first time buyers in Melbourne at variable and fixed interest rates. You can opt for one as per your convenience. However, loans with variable interest come with additional features and generally have lower interest rates.
What Are the Eligibility Criteria to Apply for First Time
Home Buyer Loan in Melbourne?
All applicants for first time home buyer loan in Melbourne must meet the following eligibility requirements:
- Should be first home buyers.
- Should be 18 years or older
- Should be an Australian citizen
- Singles must have a taxable income of no more than $125000 in the last financial year, and couples must have a taxable income of no more than $200,000.
- Couples should be either married or be in a de-facto relationship with each other.
- Should be buying an eligible property within the property price threshold of that area.
How We Help First Home Buyers?
We guide you through the entire process and help you buy your first home. As a mortgage broker Melbourne, we advise you on the following:
- Borrowing power
- Deposit requirements
- LMI and ways to minimise LMI cost
- Loan options
- Applying for incentives
- Home buying process
- Initial consultation where we understand your goals and needs.
- Gather your financial documentation to ensure it is application ready.
- After assessing your financial position, we provide you with the best home loans for first time buyers in Melbourne to help you make an educated and informed decision.
- Once you decide, we will complete the paperwork.
- After your loan application is approved by your lender of choice, we finalise approvals, arrange formal paperwork to be signed and apply for incentives.
- We coordinate the settlement process and provide ongoing support.
Why People Choose Jump Financing for Loan for Their First Home?
Wide Range of Loans
We are associated with all leading lenders in Australia who offer a range of flexible fixed or variable home loan products, ideal for first time home buyers in Melbourne. With features such as redraw, offset, additional repayment, etc., there is one that will surely fit your needs.
Exceptional Service
At Jump Financing, we take pride in delivering exceptional customer service. We appoint a dedicated specialist first time home buyer loan in Melbourne for you who will help you every step of the way.
Easy Loan Approval and Settlement
As leading mortgage brokers Melbourne, we guide you throughout your first time home buyer loan in Melbourne process, from first contact to settlement, ensuring you have quick and easy loan approval.
Get Pre-Approval for A Home Loan
Feel confident about how much you will likely be able to borrow before beginning the house hunting with our pre-approval facility. We perform a credit check and analyse your financial situation to determine your borrowing capacity. To apply for pre-approval of a first time home buyer loan in Melbourne, you will need identity proof, income proof, and a run-down of your assets, liabilities and expenses. To know more, contact our team of mortgage brokers Melbourne.
Want To Apply for First Time Home Buyer Loan in Melbourne?
Buying your first home is exciting, yet it is a big step to take and comes with many questions and decisions. This is where Jump Financing can help you. As mortgage brokers Melbourne, we do all the legwork for you and find the best home loans for first time home buyers in Melbourne. We have tied up with all leading lenders in Australia and can help you get a loan at the most competitive rates for your unique circumstances. We will be there at every step of the way and guide you through the entire process of first time home buyer loan in Melbourne– from application to approval. To know more, book an appointment with our loan experts.