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First Home Buyer Loan Frequently Asked Questions

If you haven’t used a finance broker before, you probably have some questions. Let’s help you get some answers.

Can first time buyers get a mortgage?

Of course! Everyone has to start somewhere. A mortgage broker, like our team at Oceania Finance, can assess your borrowing eligibility and work out the best solution for you.

Contact us today to kickstart your home loan journey.

Can I use my super for a house deposit?

If you are buying your first home, it may be possible to withdraw money from your super through the First Home Super Saver Scheme. However, this will depend on your individual circumstances and if you have made extra payments into your super.

Can I buy a house without a 20% deposit?

It is possible to purchase a home without a 20% deposit, however, you may need to pay lenders mortgage insurance (LMI).

Contact our mortgage brokers today to find the best deal on LMI for you.