Home Purchase Loans Melbourne | Navigator Broking

Home Loans for Every Buyer

Tailored solutions whether you're a first-timer or seasoned property owner

Upgraders & Next Home Buyers

Moving up the property ladder

Ready for more space or a better location? Whether you're upsizing for a growing family or relocating for lifestyle, I'll help you navigate the transition smoothly.

Buy Before You Sell: Bridging finance options to secure your next home first
Equity Release: Use your current home's equity for the deposit
Settlement Timing: Coordinate buying and selling for a smooth transition
Keep as Investment: Options to retain your current home as an investment
Simultaneous Settlements: Expert coordination of buying and selling
Rate Optimisation: Review your entire portfolio for savings

Building or Buying Off-the-Plan

Construction and new build financing

Building your dream home or buying off-the-plan requires specialist lending. Construction loans work differently to standard home loans, with staged drawdowns and specific requirements.

Progress Payments: Funds released at each construction stage
Interest Only During Build: Only pay interest on funds drawn down
Fixed Price Contracts: Lenders prefer fixed price building contracts
Land & Build Packages: Finance for both land purchase and construction
Owner Builder: Specialist options if you're managing the build yourself
Off-the-Plan: Sunset clause protection and valuation risk management

First Home Buyers

Your journey to homeownership starts here

Buying your first home is exciting but can feel overwhelming. I'll guide you through every step, from understanding your borrowing capacity to settlement day.

Government Grants: Access First Home Owner Grants up to $10,000
Stamp Duty Concessions: Significant savings on stamp duty in Victoria
First Home Guarantee: Buy with as little as 5% deposit, no LMI
Super for Home Deposit: Access your super through the FHSS scheme
Parental Guarantees: Use family equity to avoid Lenders Mortgage Insurance
Budget Planning: Understand all costs before you commit

First Home Buyer Grants & Incentives

Maximise your benefits with government incentives

First Home Owner Grant: Up to $10,000 for new homes valued up to $750,000
Stamp Duty Exemption: Full exemption for homes up to $600,000 in Victoria
Stamp Duty Concession: Reduced rates for homes $600,001 - $750,000

First Home Guarantee: Buy with 5% deposit, no LMI (income caps apply)
First Home Super Saver: Withdraw up to $50,000 from super for your deposit
Family Home Guarantee: Single parents can buy with 2% deposit

What You Need to Buy a Home

Be prepared with these key requirements

Deposit: Typically 5-20% of purchase price (lower with guarantor or government schemes)
Income Evidence: Recent payslips, tax returns, or business financials
Identification: 100 points of ID (driver's licence, passport, proof of address)

Credit History: Clean credit with no defaults; existing debts assessed for serviceability
Savings History: Evidence of genuine savings demonstrates financial discipline
Additional Costs: Budget 5-7% of purchase price for stamp duty, legal fees, inspections

Your Home Buying Journey

A clear path from first enquiry to settlement

Initial Consultation

Discuss your goals, assess your borrowing capacity, and understand your options. Get pre-approved so you can shop with confidence.

Property Search

Armed with pre-approval, search for your ideal property knowing exactly what you can afford.

Formal Application

Once you've found your property, submit a full application with the best-suited lender from our panel.

Valuation & Approval

The lender arranges a property valuation and completes their assessment. I manage all communication and requirements.

Settlement

Coordinate with solicitors, sign loan documents, and complete settlement. Collect your keys and move in!

Understanding Purchase Costs

Budget for all costs, not just the purchase price

Typical Costs for a $700,000 Property (First Home Buyer in VIC):

Stamp Duty (with FHB concession) $0 - $17,000

Legal/Conveyancing Fees $1,500 - $2,500

Building & Pest Inspection $500 - $800

Loan Application Fees $0 - $600

Lenders Mortgage Insurance (if LVR >80%) $0 - $15,000+

Moving Costs $500 - $2,000

Total Additional Costs $3,000 - $38,000+

Rule of Thumb

Budget an additional 5-7% of the purchase price for all buying costs on top of your deposit.

For a $700,000 property, that's $35,000 - $49,000 in addition to your deposit.

How Much Can You Borrow?

Your borrowing capacity depends on several factors including income, expenses, existing debts, and the lender's assessment criteria.

Gross income and employment type
Living expenses and financial commitments
Credit card limits (even if unused)
HECS/HELP debt repayments
Number of dependants

Try Our Borrowing Calculator

Example Borrowing Capacity

Single Applicant: $120,000 income

No Existing Debts

$720,000

Approximate maximum borrowing capacity

Couple: $180,000 combined income

One Credit Card: $10,000 limit

$980,000