Getting Into Your First Home Just Got Easier — Here’s How Direct Mortgages Wollongong Can Help
Hey future homeowner,
If you’ve been stressing about saving a 20 percent deposit while rent eats half your income and coffee prices keep climbing, you’re not alone. The good news is you don’t need to wait until you’ve got six figures in the bank to buy your first place.
Enter the First Home Buyer Scheme. Yes, it’s a real program, and it might just be your fast-track into the property market.
What is the First Home Buyer Scheme?
The First Home Buyer Scheme, also known as the First Home Guarantee, is a government initiative that helps eligible first home buyers purchase a home with as little as a 5 percent deposit—without having to pay Lenders Mortgage Insurance (LMI). That’s a massive saving, often worth thousands of dollars.
Not every bank offers this scheme, and not every broker knows how to navigate the fine print. That’s why working with Direct Mortgages Wollongong is a smart move. We specialise in this space and know exactly which lenders participate and how to get you across the line.
Why Use Direct Mortgages Wollongong?
There are plenty of reasons why first home buyers across the Illawarra are turning to Direct Mortgages Wollongong. Here are a few:
We understand the First Home Buyer Scheme in detail, so you don’t have to
We deal with a broad range of lenders, not just one bank
We explain everything in plain English (no jargon, no confusion)
Most importantly, we care about getting you the best outcome
Whether you’ve just started saving or are already house-hunting, our team can step in at any stage to help you make your home ownership goal a reality.
What Can You Buy with a 5 Percent Deposit?
Let’s say you’re looking at a property worth $600,000. Under this scheme, you’d only need a $30,000 deposit. That’s far more achievable than trying to save $120,000 for a full 20 percent deposit. The government guarantees the rest, and you avoid paying LMI.
Not sure how much you can borrow or what your repayments might look like? That’s where Direct Mortgages Wollongong shines. We will do the calculations and give you clear, honest answers based on your financial situation.
It's More Than Just a Mortgage
Buying your first home is a major milestone. It’s not just about rates and repayments. It’s about finally having a space to call your own. Whether it’s painting the walls your favourite colour or getting a dog, home ownership is about freedom and stability.
Having someone on your side to guide you through the process can make all the difference. Direct Mortgages Wollongong is here to remove the stress and replace it with clarity, confidence, and the excitement of a fresh start.
Ready to Get Started?
If you're thinking about buying your first home and want to know how the First Home Buyer Scheme could work for you, your next step is simple. Talk to Direct Mortgages Wollongong.
We’ll help you check your eligibility, connect with the right lender, and support you through the entire process, from deposit to handing over the keys.
Direct Mortgages Wollongong: Helping First Home Buyers Make Moves Without the Headaches.