Congratulations, becoming a first home owner is a significant moment in life that you will always remember. This is a very exciting journey, but we know it can also be overwhelming. At Rhythm Finance Co our mortgage brokers will help you navigate every step of the process, so that you can relax knowing we are working hard for you. We don't charge any fees for our service, because the lender pays us once your loan has settled. It’s important to understand that we work exclusively for you and your best interests. Rhythm Finance Co is family owned, our brokers are local to the Coffs Harbour area and eager to help you achieve your goal of home ownership.
How we help you…
- We'll understand your needs and goals
- We'll work out how much you can afford to borrow
- We'll save you time and breakdown the jargon
- We'll find you the right home loan from hundreds of options
With interest rates at historical low levels and government assistance available to support first home buyers, now is a great time to get started. We can also discuss loan structures to get you into your own home sooner without a full deposit.
The First Home Guarantee (FHBG) is an Australian Government initiative to support eligible first home buyers purchase their first home sooner.
35,000 First Home Loan Deposit Scheme places will be available to eligible first home buyers from 1 July 2024 to 30 June 2025.
Usually, first home buyers with less than a 20% deposit need to pay lenders mortgage insurance.
Under this Scheme, part of an eligible first home buyer’s home loan from a Participating Lender will be guaranteed by NHFIC. This is aimed at enabling you to purchase your first home sooner with as little as a 5% deposit.
Any guarantee of your home loan is for up to a maximum amount of 15% of the value of your property (as assessed by your lender). This guarantee is not a cash payment or a deposit for your home loan.
Visit the First Home Guarantee website or contact us to learn more.
The Family Home Guarantee aims to support eligible single parents with at least one dependent child in purchasing a family home, regardless of whether that single parent is a first home buyer or a previous home owner.
10,000 Family Home Guarantees will be made available over four financial years from 1 July 2021 to 30 June 2025.
Usually, home buyers with less than a 20% deposit need to pay lenders mortgage insurance.
Under this Scheme, part of an eligible home buyer’s home loan from a Participating Lender will be guaranteed by NHFIC. This is aimed at enabling you to purchase your first home sooner with as little as a 2% deposit.
Any guarantee of your home loan is for up to a maximum amount of 18% of the value of your property (as assessed by your lender). This guarantee is not a cash payment or a deposit for your home loan.
Visit the Family Home Guarantee website or contact us to learn more.
In NSW, the First Home Owner Grant (New Home) pays $10,000 for applicants who:
- buy or build their first new home, which no-one has lived in before and has a value of less than $750,000
- purchase a new home or a significantly renovated home which has a total value of less than $600,000
Under the NSW First Home Buyers Assistance Scheme, eligible first home buyers will receive an exemption from transfer duty for purchases of new and existing homes up to $800,000 and a concessional rate of duty for homes up to $1,000,000.
Other states and territories of Australia have their own schemes to help first home buyers get into the market sooner. We can help you understand all the benefits and take care of the paperwork to apply.