First Home Loan

How does it work?

Mortgage Muster assists Broadford clients with collecting payslips, ID, and savings evidence to qualify for the FHOG or First Home Guarantee scheme.

Mortgage Muster helps Kilmore first home buyers understand deposit options, borrowing power, and how the FHOG and First Home Guarantee may apply.

Loan comparison icon representing Mortgage Muster guiding Wallan and Tooborac buyers through lender options that support the Single Parent Family Home Guarantee and FHOG eligibility.

Mortgage Muster helps Seymour and Pyalong clients lodge their first home loan applications, including FHOG, FHBG, and Family Home Guarantee submissions.

Settlement icon showing Mortgage Muster helping Lancefield and Bendigo-region clients finalise their first home purchase under the FHOG or Home Guarantee Scheme.

Lender assessment icon showing Mortgage Muster supporting Heathcote and Wylomavin borrowers through bank reviews and grant qualification checks.

rtgage Muster provides ongoing support for Shepparton and Euroa homeowners, ensuring FHOG and Home Guarantee Scheme loans continue to meet their needs.

Any information on this website is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider whether the information is appropriate to your circumstances before making any decisions. We recommend obtaining independent legal, financial, and tax advice where necessary.

Mortgage Muster supports first home buyers in Pyalong and High Camp with clear, simple lending advice and guidance on the First Home Owner Grant.

the specifics

Step 1

We talk through your goals, budget, and how much you may be able to borrow.
We also explain deposits, LMI (lender’s mortgage insurance), and any government grants you could be eligible for.

First Chat

Helping first home buyers from Forbes and Wylomavin prepare payslips, IDs, and savings records to apply for FHOG or Home Guarantee programs.

Step 2

You’ll likely need:
ID: Licence or passport, Medicare
Income: Payslips, tax returns
Savings history (to show genuine savings)
Other: Statements for any personal loans, credit cards, or HECS/HELP
We’ll also guide you through First Home Guarantee or FHOG paperwork if it applies.

Document Collection

Mortgage Muster compares lenders and home loan products for first home buyers in Tooborac and Redesdale, keeping finance straightforward.

Step 3

We compare lenders and find options that suit first home buyers. We explain things in plain English so nothing feels overwhelming.

Loan Options

Supporting Heathcote Junction and Tantaraboo clients through the loan and FHOG application process with expert local guidance.

Step 4

Application Lodgement

Mortgage Muster helps Glenaroua and Argyle clients navigate lender credit checks and government grant approvals for first home ownership.

We prepare and lodge the application, including any grant applications.

Step 5

The lenders will assess your income, savings &/ or rent history, and deposit.
Conditional approval comes first, followed by full approval once all checks are cleared.

Lender Assessment

Step 6

Settlement

Mortgage Muster provides ongoing loan support and rate reviews for first home owners in Kyneton, Redesdale, and nearby rural Victorian towns.

We walk you through signing contracts and coordinate settlement with your conveyancer.

Step 7

Ongoing
We stay in touch to review your loan over time and check in when you’re ready to upgrade or refinance.

Beyond Settlement

After Something else?

FAQ - First Home Loan

- Can I get a home loan with a small deposit?
Yes — some lenders offer low-deposit options for eligible first-home buyers. You may also qualify for the First Home Guarantee or Family Home Guarantee programs, which can reduce or remove the need for Lenders Mortgage Insurance (LMI).

- How does the First Home Owner Grant (FHOG) work?
The FHOG is a one-off payment from the Victorian Government to help you buy or build your first home. The amount depends on the property’s value and location, and it’s usually paid at settlement or when your builder receives the first progress payment. (Other states have different grants & exceptions - contact us to find out more).

- What’s the difference between the FHOG and the Home Guarantee Scheme?
The FHOG is a cash grant from the state government, while the Home Guarantee Scheme (run federally by Housing Australia) helps reduce your deposit requirement — often as low as 5%, or 2% for single parents under the Family Home Guarantee.

- How much can I borrow as a first-home buyer?
Your borrowing capacity depends on your income, expenses, and deposit size. I’ll help you work through these numbers clearly so you know what’s comfortable — not just what a calculator says.

- Do I need to pay Lenders Mortgage Insurance (LMI)?
Maybe not. If you qualify for a Home Guarantee Scheme place, you can often avoid LMI even with a smaller deposit. I’ll check your eligibility and explain the savings in plain terms. (See our video here explaining LMI)