First Home Buyers Grant Melbourne and the First Home Buyer Loan Melbourne by Ingenious-finance

Buying your first home is an exciting milestone—but it can also be overwhelming. At Ingenious Finance, we make it simple. Whether you’re applying for the First Home Buyers Grant in Melbourne or need guidance on securing the right first home buyer loan in Melbourne, our expert mortgage brokers are here to guide you every step of the way.

Unlock the First Home Buyers Grant in Melbourne

The First Home Owner Grant (FHOG) is a government initiative designed to help eligible first-time buyers enter the property market. If you’re buying or building a new home in Victoria, you could be entitled to a $10,000 grant (or more in regional areas). At Ingenious Finance, we help you check your eligibility, prepare documentation, and lodge the grant application—seamlessly.

What You Need to Know About the First Home Buyers Grant in Melbourne:

• Available for new homes only
• You must be an Australian citizen or permanent resident
• The home must be your principal place of residence
• The total value of the property must be within the state’s threshold limits

Our team of experts helps first-time buyers get government benefits, compare loans that are competitive, and make sure the home loan application process goes smoothly. We can help you make your dream of owning a home come true by walking you through the details of the First Home Buyers Grant Melbourne and helping you find the right First Home Buyer Loan Melbourne that fits your needs.

What is the Melbourne First Home Buyers Grant?

The First Home Buyers Grant Melbourne (FHOG) is a program run by the government to help first-time homebuyers in Victoria buy or build a new home. The grant is a one-time payment that helps people or couples buy a home by lowering the costs of doing so.

If you buy or build a new home in Melbourne or regional Victoria, you may be able to get between $10,000 and $20,000 from the First Home Buyers Grant Melbourne, depending on where the home is and how much it is worth.

Requirements to Get the First Home Buyers Grant Melbourne

To be eligible for the First Home Buyers Grant Melbourne, you must meet a number of important requirements:

You have to be buying or building a new home, not one that someone else has lived in before.
The property can’t be worth more than $750,000.
You have to be at least 18 years old.
One of the applicants must be an Australian citizen or permanent resident.
You or your partner can’t have owned a home in Australia before.
You have to live in the house as your main home for at least 12 months.

Townhouses, apartments, and house-and-land packages can all get the First Home Buyers Grant Melbourne, as long as they meet the requirements above. Ingenious Finance will help you figure out if you qualify and take care of all the paperwork from start to finish.

What First Home Buyer Loan Melbourne Means for You

Most first-time buyers need more than just the grant to buy a home. A First Home Buyer Loan Melbourne can help with that. This is a type of mortgage loan that is made just for first-time buyers who want to buy a home.

To find the best First Home Buyer Loan Melbourne, you need to look at different lenders, interest rates, features, repayment options, and government help programs. Ingenious Finance compares offers from more than 40 banks and lenders to find the best First Home Buyer Loan Melbourne for you.

Different Types of First Home Buyer Loans We Offer in Melbourne

People who buy things have different needs. That’s why we give you access to a lot of different First Home Buyer Loan Melbourne options:

1. Melbourne Variable Rate First Home Buyer Loan

This kind of loan lets you change how you pay it back and has features like redraw and offset accounts. The interest rate may change depending on what is happening in the market.

2. Fixed Rate First Home Buyer Loan in Melbourne

You can lock in your interest rate for a set amount of time, usually between one and five years. This gives you peace of mind about your budget and the ability to pay back the loan.

3. Split Loan for First Home Buyer Loan in Melbourne

This has both fixed and variable interest rates. A split First Home Buyer Loan Melbourne lets you choose between fixed and variable rates, giving you the best of both worlds.

4. Low Deposit First Home Buyer Loan in Melbourne

A lot of lenders have options that only need a 5% deposit, especially when they are combined with things like Lenders Mortgage Insurance (LMI) waivers or government guarantees.

Our mortgage brokers will look at your income, credit history, deposit, and way of life to make sure you get the right First Home Buyer Loan Melbourne structure.

Your First Home Buyer Loan Melbourne and the First Home Loan Deposit Scheme (FHLDS)

You might also be able to get the First Home Guarantee Scheme (formerly the First Home Loan Deposit Scheme) in addition to the First Home Buyers Grant Melbourne. This lets qualified buyers buy a home with only 5% down, and the government backs the loan up to 15%—no LMI needed.

We can help you apply for this program along with your First Home Buyer Loan Melbourne. This will lower your upfront costs even more and help you get your property sooner.

More Benefits for First-Time Buyers in Melbourne

You might also be able to get the following when you apply for the First Home Buyers Grant Melbourne and choose your First Home Buyer Loan Melbourne:

Stamp Duty Concessions or Exemptions: If your property is worth less than $600,000, you might not have to pay any at all. Partial concessions are available up to $750,000.

HomeBuilder Grants (programs that only last for a short time)
Discounts for off-the-plan purchases
In some cases, shared equity schemes
Along with the First Home Buyers Grant Melbourne, there are all of these other benefits that we can help you understand.

Why you should choose Ingenious Finance for the First Home Buyers Grant Melbourne and the First Home Buyer Loan Melbourne

We do more than just the basics at Ingenious Finance. Our goal is to help first-time homebuyers like you feel confident, clear, and financially at ease when they buy their first home. This is why people in Melbourne choose us:

✅ Full Support: We take care of your First Home Buyers Grant Melbourne application and your First Home Buyer Loan Melbourne from the time you apply until the time you close.
✅ Personalized Advice: We make sure that your loan options fit your budget, career stage, and future plans.
✅ Access to Trusted Lenders: With more than 40 lenders, we make sure you get the best interest rates and features.
✅ No Fees for You: The lender usually pays for our broker services, not you.
✅ Local Knowledge: We know the Melbourne market and can help you pick suburbs that are likely to grow and be worth a lot.

We know that buying your first home can be stressful and confusing, especially with all the different types of loans, terms, and hidden costs. That’s why we’re here: to help you have a smooth and successful experience with your First Home Buyers Grant Melbourne and First Home Buyer Loan Melbourne.

Questions and Answers about the First Home Buyer Loan Melbourne and the First Home Buyers Grant Melbourne

Q: Is it possible to use the First Home Buyers Grant Melbourne to buy a home that is already built?

A: No. The grant is only good for new homes or homes that have never been lived in before.

Q: Is it possible to apply for both the First Home Buyers Grant Melbourne and the First Home Guarantee Scheme at the same time?

A: Yes. These two plans are different, but you can use them together to save a lot of money up front.

Q: How much can I borrow with a First Home Buyer Loan in Melbourne?

A: It depends on how much money you make, how much debt you already have, and how much you can put down. Most people who buy their first home can borrow 90–95% of the property’s value.

Q: How long does it take to get the First Home Buyers Grant in Melbourne?

A: Once all the paperwork is in, it usually takes a few weeks. The payment is usually made at settlement or during construction.

If you’re ready to use your First Home Buyers Grant Melbourne and apply for a First Home Buyer Loan Melbourne, check out these suburbs that are good for first-time buyers and have a lot of growth and value:

Wyndham Vale has cheap and growing infrastructure.

Cranbourne: New schools and developments

Pakenham is growing quickly and has great transportation options.

Sunshine is close to the CBD and has a diverse community.

Epping—more stores and medical services are opening up

We help you find loans and grants that fit your location preferences and financial plan.

Ingenious Finance can help you start your first home journey today.

Getting the right advice, support, and access to the best financial tools is the first step on the road to owning a home. Every year, Ingenious Finance helps thousands of people buy their first home. We help them with everything from the First Home Buyers Grant Melbourne to getting the best First Home Buyer Loan Melbourne.

Our team of experts is dedicated to helping you every step of the way, from planning and checking your eligibility to applying, getting approved, and more.