First Home Buyer Finance
As Australia’s leading builder for First Home Buyers, we know that budgeting for a new home can be overwhelming. Figuring out how much deposit you need, and being comfortable with the mortgage repayments will help you feel confident in your new home purchase and make it more enjoyable. That’s why we have an in-house finance team of mortgage specialists and finance experts from Resolve Finance to help with all your first home finance needs.
Resolve Finance: Our in-house finance specialists
To ensure the smoothest process possible, our Resolve Finance specialists work alongside your New Homes Consultant. Established in 1997 as part of the ABN Group, Resolve Finance opened their first office in Victoria in 2008. With over two decades in the business, Resolve Mortgage Brokers has helped buyers secure loans for over 88,000 homes. Resolve Finance has become one of Australia’s undisputed leaders in their field – recently named in Australia’s Top 10 Brokerage List by The Adviser. Over 80% of the loans written by our team of specialists are construction loans, accounting for 1 in 20 construction loans across both Western Australia and Victoria.
Rent Converter
Discover House & Land packages that fit with your lifestyle. Based on your weekly rental repayments, we’ll display a selection of homes that could cost you the same, or less than you are giving your landlord each week.
Start your new home journey
With new housing initiatives recently announced in Victoria – there’s never been a better time to buy your first home than now.
Why do so many Homebuyers Centre customers use Resolve for their First Home Finance?
Resolve Finance mortgage specialist, Jamie answers the most frequently asked questions around financing your first new home.
Award winning construction finance from Resolve
Purchasing your first home is an exciting time but can also be challenging. That’s why it’s so important to have a Resolve Finance mortgage specialist in your corner – and they are the best in the business at construction loans. Designed for people who are building a new home, a construction loan is often an interest-only loan that grows to cover each new stage of your building process. When your home has reached completion, you usually begin repaying the principle (the amount you borrowed) and interest.
Winners of the 2023 Better Customer Service Award, Resolve is your trusted companion, guiding you with confidence throughout the entire process.
Low deposit loans
When it comes to your first home and your finance, whether you’ve been saving for years, or struggling with saving for your deposit, Resolve can help you out. They get everyone is different, so they make sure you get access to a huge range of products. They have everything from no deposit home loans and finance planning programs, through to low deposit home loans and ‘Parent Assist’ loans (and word on the street is that some of them you won’t find anywhere else outside of WA and VIC). That’s very, very useful.
Resolve have some great low deposit home loans available that use your First Home Owners Grant or gifted funds. We think this is a pretty great option, especially because most lenders in Victoria require a minimum 5% deposit. And, we know you want to get into your new home sooner.
Well first off, lucky you. And secondly, you’re 100% right, there are other ways they can support you. For example, if your parents own a home, we can use that equity for your home loan, which basically means they don’t have to fork out a thing. And, it significantly reduces the deposit needed, and your mortgage insurance. It’s a win-win. (Just make sure you make your repayments.)
Sure is, it’s called Parent Assist. This means your parents come up with your deposit and you repay them with interest, just like any other official loan. But you pay them back at half the rate of your home loan. It’s a neat way to save on your mortgage insurance and still get the First Home Owners Grant and stamp duty concessions. Makes it a lot easier to ask for the dollars.