Home loans • First-home buyers
How do you get a first home loan in 2026?
From deposits and grants to pre-approval, this guide covers the steps we use to get first-home buyers ready in NSW.
What are the key takeaways (TL;DR)?
- Know your deposit range and available grants before you apply.
- Stabilise spending and reduce unused credit to lift borrowing power.
- Prepare a clean document pack to speed pre-approval.
Amelia Hart
What deposit and grants can you access?
Start with your deposit range and check eligibility for first-home buyer support. In NSW, guarantees and stamp duty relief can shift your upfront cash by thousands.
How do lenders calculate borrowing power?
Lenders assess income, living expenses, and existing debts. Reduce unnecessary limits on credit cards, keep spending consistent for three months, and document any bonus income.
How long does pre-approval take?
Pre-approval usually takes 3–7 business days once documents are complete. We package payslips, ID, statements, and a clear summary so assessors can tick off the checklist fast.
Which mistakes should first-home buyers avoid?
- Do not apply for multiple loans at once. It hurts your score.
- Keep job changes away from the application window where possible.
- Do not ignore account conduct. Lenders read transaction notes.
What is the first-home loan checklist?
- Photo ID and proof of address.
- Two to three recent payslips and an employment letter.
- Three to six months of savings history and bank statements.
- Deposit source evidence (gifts, sale of assets, or savings).
- A clear budget showing living expenses and existing debts.
What are the next steps?
Email your latest payslips and savings summary to info@newgenfinancebrokers.com or call 0451 414 800. We will map the pre-approval plan and lender shortlist in one call.