YOUR FIRST HOME
First Home Buyer Loans
Your first home starts with the right support.
Buying your first home is a big milestone, and having the right people in your corner can make all the difference.
At Millennial Finance Group, our mortgage brokers help first home buyers understand their borrowing power, explore suitable home loan options and navigate the journey towards home ownership with confidence.
Whether you're ready to buy or still working towards your deposit, we're here to help you take the next step.
I’M LOOKING FOR…
Bendigo Residential Loans
Bendigo Asset Finance
Bendigo First Home Buyers
Bendigo Mortgages
Bendigo Mortgage Broker
Bendigo Loan Broker for Mortgages & Residential Loans
Bendigo Residential Loans Bendigo Asset Finance Bendigo First Home Buyers Bendigo Mortgages Bendigo Mortgage Broker Bendigo Loan Broker for Mortgages & Residential Loans
FIRST HOME BUYER FINANCE
Buying your first home? Let's make it simpler.
From saving your deposit to finding the right lender, buying your first home comes with plenty of decisions. How much can you borrow? What deposit will you need? Are you eligible for government assistance? And where do you even begin?
That's where we come in.
Our first home buyer mortgage brokers take the time to understand your financial position, explain your options and help you prepare for the home loan application process.
With experienced brokers based in Bendigo and the Sunshine Coast, we support first home buyers across Australia, providing personalised guidance from your first conversation through to settlement.
We believe your first home buying experience should feel exciting, not overwhelming.
UNDERSTANDING YOUR OPTIONS
Everything you need to know before buying your first home.
01. Understanding your borrowing capacity
Before you start searching for properties, it's important to understand how much you may be able to borrow. Lenders consider factors including your income, living expenses, existing debts, credit history and deposit.
We'll help you understand your borrowing capacity and what your potential repayments could look like, so you can establish a realistic property budget.
02. Saving for your home loan deposit
Not every first home buyer needs the same deposit. The amount required can depend on the lender, property, loan structure and your eligibility for available assistance schemes.
We'll explain the deposit options available to you, including how a smaller deposit may affect your loan and whether Lenders Mortgage Insurance (LMI) could apply.
03. First home buyer grants and government schemes
Depending on your circumstances, location and eligibility, you may be able to access government initiatives designed to help Australians enter the property market.
Our brokers can help you explore relevant first home buyer grants, stamp duty concessions and government-backed home buying schemes, including options available in Victoria and Queensland.
04. Comparing first home loan options
Choosing a home loan involves more than comparing interest rates.
From fixed and variable interest rates to offset accounts, redraw facilities and repayment flexibility, we'll help you understand the features, costs and conditions of suitable loan options.
05. Getting your home loan pre-approved
A home loan pre-approval can help you understand your potential borrowing limit before you make an offer on a property.
We'll guide you through the documentation, lender requirements and application process, helping you approach your property search with greater clarity.
OUR BENDIGO SERVICES
How we can help you…
BENDIGO RESIDENTIAL LOANS
Buying your first home, upgrading, investing or refinancing in Bendigo? We make it simple — no jargon, no overwhelm, just clear guidance and the right loan for your next move.
BENDIGO COMMERCIAL LOANS
From business growth to property and equipment finance, we’re your strategic partner — not just a broker. Smart lending that keeps pace with your plans in Bendigo.
BENDIGO AGRICULTURE
We are agriculture and finance professionals who work for you and support you. We help Bendigo farming businesses to grow, modernise, corporatise and transition across generations with finance that works.
BENDIGO ASSET FINANCE
Need a new ute, truck, or medical equipment in Bendigo? We’ll keep you moving with quick approvals and smart structures. Just real people, real solutions.
BENDIGO ONGOING SUPPORT
We don’t just set and forget in Bendigo. From refinancing to regular reviews, we stick with you long after settlement — making sure your lending stays the right fit.
WHY MILLENNIAL FINANCE GROUP?
Real people. Smart lending. Your future.
Your first home loan is an important financial commitment, and you deserve guidance that puts your interests first.
At Millennial Finance Group, we combine lending expertise with genuine relationships. We'll take the time to answer your questions, explain your options and help you make informed decisions.
With offices in Bendigo and the Sunshine Coast, our brokers offer local knowledge and personalised support to first home buyers across Australia.
NEXT STEPS
Get Started
01
Let's talk about your goals.
We'll get to know you, your financial circumstances and what you're hoping to achieve.
02
Your borrowing options.
We'll assess your circumstances, compare suitable lending options and help you understand the costs involved.
03
Prepare your application.
From gathering documents to submitting your loan application, we'll guide you through the process and keep you informed.
04
Settlement and beyond.
Once your loan is approved and settlement is complete, we'll remain available to help you review your lending as your circumstances change.
Hear from our Valued Clients
HELPFUL TOOLS & RESOURCES
Start planning your next steps.
Get a head start with our free resources and online calculators to help you understand your borrowing capacity and repayment options.
Offset Calculator
Deposit Calculator
Borrowing Power Calculator
Savings Calculator
Repayments Calculator
Asset Finance Calculator
FREQUENTLY ASKED QUESTIONS
First home buyer questions, answered.
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Your deposit requirements depend on the lender, property and loan type. While a 20% deposit can help avoid Lenders Mortgage Insurance, some eligible borrowers may be able to purchase with a smaller deposit. A mortgage broker can help you explore the options available for your circumstances.
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Some eligible first home buyers may be able to purchase with a 5% deposit through participating lenders or relevant government schemes. Eligibility criteria and additional purchasing costs still need to be considered.
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Lenders Mortgage Insurance, or LMI, generally protects the lender if a borrower defaults on their home loan. It may apply when borrowing more than a certain percentage of the property's value, although exemptions and alternative arrangements can be available.
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Your borrowing capacity depends on your income, expenses, debts, financial commitments and the lender's assessment criteria. A broker can help you estimate your borrowing capacity and compare lending options.
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Getting pre-approved can help establish your borrowing expectations and make your property search more focused. However, pre-approval is conditional and does not guarantee final loan approval.
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Mortgage brokers are commonly paid commissions by lenders, although some brokers may charge fees for particular services. Your broker will explain any applicable fees, commissions and relevant disclosures before you proceed.
Ready to make your first move?
Whether you're saving for your deposit, exploring your borrowing options or ready to buy, we're here to help you navigate the journey.