Buying your first home is one of the most significant financial decisions you'll ever make — and it can feel overwhelming. Between saving a deposit, understanding loan options, applying for the First Home Owner Grant, and navigating settlement, there's a lot to get right. At Wiseman Financial Solutions, we specialise in helping first-time buyers in Sydney understand their options and move forward with confidence.
Common Challenges
What's Included
Our Process
Why Choose Wiseman Financial?
Frequently asked questions
How much deposit do I need as a first home buyer in NSW?
Most lenders require a minimum 5–10% deposit. However, a 20% deposit avoids Lenders Mortgage Insurance (LMI). Some government schemes allow eligible buyers to purchase with as little as 5% without paying LMI.
What is the First Home Owner Grant in NSW?
The NSW FHOG provides $10,000 to eligible first home buyers purchasing a new home or building. There are also stamp duty concessions available for properties under specific thresholds.
How long does pre-approval take?
Pre-approval typically takes 3–5 business days, though this varies by lender and the complexity of your application. We ensure your documents are complete to avoid unnecessary delays.
Can I use a guarantor?
Yes. A family guarantee (often called a parental guarantee) allows a family member to use equity in their property to help you avoid LMI or cover a deposit shortfall. We can walk you through how this works.