How we can help
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Start with Just a 5% Deposit:
We specialize in helping first-time homebuyers secure a loan with only a 5% deposit, using the First Home Guarantee Scheme to help you avoid Lenders Mortgage Insurance (LMI). -
Expert Loan Guidance:
Not sure where to start? Our team will walk you through each step of the home loan process, explaining everything in clear, simple terms. -
Access Government Schemes:
We’ll make sure you’re aware of any first-home buyer grants and incentives available, like the First Home Guarantee Scheme, to help you save on costs. -
Calculate Your Deposit & Fees:
Get a clear picture of how much you need to save, covering everything from deposit to stamp duty and other fees. -
Full Support Throughout:
Whether it's your first inquiry or settlement day, we’ll be by your side to make sure the process goes smoothly — no surprises, just expert help. -
Completely Free of Charge:
Our services come at no cost to you — we provide expert mortgage guidance without charging you a fee.
How to Buy Your First Home with Just 5% Deposit
Get all the information you need to buy your first home in one convenient guide:
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Find out if you are eligible to access government grants and other incentives.
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How the First Home Guarantee Scheme works to save you from paying LMI.
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A complete breakdown of deposits, fees, and stamp duty.
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Step-by-step guidance through the loan application process.
Case Study
Meet Jon and Jen, a couple from Melbourne looking to purchase their first home, valued at approximately $650,000.
In a typical situation, Jon and Jen would need to save a 20% deposit, which amounts to $130,000, in addition to covering other costs such as stamp duty, transfer of land fees, legal fees, and loan establishment and settlement fees.
However, with the First Home Guarantee Scheme, Jon and Jen only need to put down a 5% deposit, which is just $32,500. This significantly reduces the upfront costs and makes their dream of owning a home much more achievable.
Are you in a similar situation?
If you’re wondering whether you’re eligible for the First Home Guarantee Scheme, book a free, no-obligation consultation with us. We’ll assess your financial situation and guide you through the process of buying your first home with as little as a 5% deposit.
How the process works
What Our Clients Are Saying
“Working with Liem and his team made buying our first home so much easier. They were always available to answer our questions and guided us through the entire process!”
H.P
“We didn’t know where to begin, but LNG Mortgage Solutions helped us from day one. Their expertise in first-home grants saved us thousands!”
H.M
“Thank you for all the support, Liem. I will be surely getting back in the future needs!”
L.M
Frequently Asked Questions
How does the 5% deposit work? The First Home Guarantee Scheme allows eligible first-home buyers to purchase a property with a deposit as low as 5%, without having to pay Lenders Mortgage Insurance (LMI)
Am I eligible for the First Home Guarantee Scheme? Eligibility depends on your income, property value, and whether you're a first-time homebuyer. We’ll assess your situation and confirm your eligibility during the consultation.
How can I access government incentives for first-home buyers? We specialize in helping first-home buyers access all available grants and schemes to save on costs. Book a consultation to learn more
What fees should I be prepared for? Apart from your deposit, you’ll need to budget for stamp duty, legal fees, loan establishment & settlement fees, and any government fees. Our team will give you a detailed breakdown during the consultation.
Contact Us
Liem Ngo - LNG Mortgage Solutions
Phone: 0415 455 009
Email: liem.ngo@lngmortgagesolutions.com
Website: www.lngmortgagesolutions.com.au
