First Home

Buying your first home is a big move. Getting the right advice makes it easier.

From saving for your deposit to navigating government incentives and finding the right loan, there’s a lot to weigh up.

At Vita Finance, we help you cut through the noise, avoid common mistakes, and secure finance that actually fits your goals, not just today, but in the years ahead.

Can I Get Approved?

Most banks use what’s known as the 3 C’s to assess you

  • Collateral

    They’ll need the property to be acceptable security and usually ask for at least a 5–20% deposit.

  • Capacity

    Your income and living expenses must support the monthly repayments, even with potential interest rate increases.

  • Character

    Lenders look for things like stable employment, clean credit history, and consistent savings habits.

  • First home buyer incentives vary by state and change often. Some allow you to reduce or waive stamp duty, and some allow you to buy with a lower deposit under First Home Buyer Schemes.

    We stay on top of all the available options and will make sure you don’t miss out on the assistance you’re eligible for.

    Check the latest for your state:
    NSW | VIC | QLD | Other States

  • IIdeally, banks like a 20% deposit, but that’s not always possible. Many of our clients get started with as little as 5%. If you borrow more than 80% of the property value, you may need to pay Lenders Mortgage Insurance (LMI)—a one-off premium that protects the bank (not you). It can be significant, but we’ll help compare lenders so you don’t pay more than you need to.

  • A family guarantee can fast-track your path to homeownership by avoiding LMI altogether. If a parent or close relative is willing to use equity in their home as security, it can reduce how much cash you need upfront.

    Not all banks treat guarantors the same—some are more flexible on who can guarantee, what property they use, and whether they’re still paying off a mortgage. We’ll guide you through the best lender for your situation and help manage the conversations with your family.

  • Fixed or variable? Offset account or redraw? Should I split the loan? And what if I want to make extra repayments later?

    We don’t expect you to know the answers. That’s our job.

    By understanding your goals, your lifestyle, and your longer-term plans, we’ll recommend a loan that’s right for you, not just the bank. And once you settle, we stay in touch to help you review and adapt your loan as life changes.

In just a few minutes, we can help you understand your borrowing power and what’s realistically achievable, so you can house-hunt with confidence.