Buying your
first home?
We
make it simple
We take the guesswork out of the process, help you get approved fast, and make sure you get the best loan for your needs.
Your first home,
without the stress
If you’re like most first home buyers, you’ve probably got a lot of questions and the last thing you need is confusing finance jargon. That’s where we come in.
Find out how much you can borrow
Get pre-approved so you can house hunt with confidence.
Get the best loan for your situation
Fast approvals, no waiting around
80% of our loans are approved within 10 days.
Expert advice, no cost to you
We’re paid by the lender (not by you) and all lenders pay us the same, so our advice stays focused on what’s best for you.
First home buyer grants & incentives
We help you access government support to boost your deposit.
We take the stress out of the process
From confusing paperwork to planning your repayments, we guide you through every step.
A loan that works for you.
Now & in the future
Getting approved is just the beginning. We make sure your loan is set up to give you flexibility now, and options later so it keeps working for you long after you’ve moved in.
Maximise your borrowing power
Get the best structure so you can buy with confidence.
Flexible loan options
Fixed, variable, offset. We explain your options in plain English.
The biggest mistake first home buyers make
We make sure you get:
Competitive rate that saves you money
Smart borrowing decisions
A clear path forward
We simplify the entire loan process, from deposit options to lender choice, so you can buy with clarity, confidence, and a plan that works.
What out clients say
I’ve had an outstanding experience with OpenCorp. The whole process was seamless from start to finish. The team were professional, knowledgeable, and supportive throughout every stage. They made the entire journey – from finding the right property, securing finance, right through to property leasing and management – completely stress-free.
Michael
We have 2 properties with Opencorp. They have a team of superstars ready to answer anything that needs addressing. Our experience was smooth and stress free, exactly what you want when starting out on an investment journey. Exceptional service 10 out of 10 and we have absolutely no hesitation in recommending Opencorp to anyone looking to start or build on their investment property journey.
Elise
Adrian
How to get your first home loan - step by step
Buying your first home doesn’t have to be complicated. Here’s how we make it simple and stress-free.
First home buyer FAQs
How much deposit do I need to buy my first home?
It depends. Some lenders let you buy with as little as 5% deposit, and if you’re eligible for the First Home Guarantee, you might even skip Lenders Mortgage Insurance (LMI). But the more you save, the better your loan options will be.
Can I buy a home with no deposit?
Technically, yes, but you’ll need the right strategy. Many first home buyers use family support to enter the market sooner, whether through a guarantor loan, parental equity gift, or co-investing with family.
- Guarantor Loan – A parent or family member uses their home’s equity as security, so you don’t need a full deposit.
- Equity Gift – A family member gifts part of their home’s equity, giving you a deposit without taking on a guarantor role.
- Co-Investing – Buy a property with family, pooling resources for a deposit and shared ownership.
Each option has its pros and cons, and it’s important to structure it correctly to protect everyone involved. We’ll guide you through the best approach for your situation.
What government grants and incentives can I get?
Depending on your situation, you could access:
- First Home Owner Grant (FHOG) – A lump sum to help with your deposit.
- Stamp Duty Concessions – Save thousands on upfront costs.
- First Home Guarantee – Buy with as little as 5% deposit, no LMI.
- Super Saver Scheme – Use voluntary super contributions for your deposit.
We’ll help you figure out what you’re eligible for and what’s best for you now and in the future.
What’s Lenders Mortgage Insurance (LMI) and how can I avoid it?
LMI is a fee lenders charge if your deposit is under 20% it protects them, not you. While avoiding LMI can save you thousands upfront, it’s not always a bad thing. If paying LMI helps you get into the market sooner and start building equity, it may be worth considering.
You can avoid LMI by:
- Saving a 20% deposit
- Using the First Home Guarantee (if eligible)
- Having a guarantor
We’ll help you weigh up whether avoiding LMI or getting into the market sooner is the smarter move based on your goals.
How much can I borrow?
That depends on your income, expenses, debts, and credit score. A good rule of thumb? Your borrowing power is roughly 5-6 times your annual income but every situation is different. We’ll assess your personal situation and give you real numbers, not online calculator guesses.
Should I go with a fixed or variable rate loan?
Both have pros and cons:
- Fixed Rate – Locks in your repayments for 1-5 years, so no surprises.
- Variable Rate – Moves with the market (up or down) but gives you flexibility.
- Split Loan – Best of both worlds a mix of fixed and variable.
What’s right for you depends on your plans, risk appetite, and cash flow. We’ll walk you through the options.
Do I need pre-approval before house hunting?
What extra costs should I budget for?
First home buyers often focus on the deposit but forget about other costs. Here’s what to plan for:
- Stamp duty (unless you qualify for exemptions)
- Lender fees & conveyancing costs
- Building & pest inspections
- Moving & setup costs (utilities, furniture, etc.)
We’ll help you budget properly, no nasty surprises.
Can I still get a home loan if I’m self-employed?
Yes, but you’ll need the right lender. Some banks make it hard, but others offer Lo-Doc Loans, where some self-employed applicants can use tax returns, BAS statements, or business financials instead of payslips. We know which lenders work best for self-employed buyers.
How long does it take to get approved?
It depends on the lender, but with the right paperwork, we can get formal approvals sorted in as little as 48 hours. The key? Getting your documents sorted early, and that’s where we help.
Take the first step towards your new home
Your first home might be closer than you think, let’s make it happen.