2025 is upon us already! With interest rates likely to fall in 2025, according to experts, some lenders are getting ahead of the curve by offering discounted offers especially to first home buyers. Furthermore, lenders on the FHBA Mortgages panel have made changes to their lending policies allowing first home buyers with unusual situations to buy their first home sooner than expected
In the latest RBA meeting in December 2025, the RBA kept interest rates on hold at 4.35%, meaning it has been steady for over a year now. Many economists were predicting for interest rates to stay on hold till 2025, with the next move still likely to be a rate cut.
Some Big 4 banks and smaller lenders are looking to start 2025 on the front foot by lowering their interest rates; therefore, they are offering some special deals/incentives for first home buyers as they consider first home buyers to be an important part of their offering. Our FHBA Coaches have handpicked 10 of the latest home loans offers that are currently available through our exclusive & complimentary first home buyer home loan service – FHBA Mortgages, below:
If you want to discuss how you can get a ‘home loan pre-approval‘ or just want to know what specials you may be eligible for, why not give us a call on 1800 342 287 (1800FHBAUS).
1. 5.99% Federal Government Housing Guarantee (HGS) Loans – FHG, FHBG, RFHBG
Are you looking to take advantage of the Federal first home buyer Government Guarantee Scheme, which allows you to avoid LMI³ and helps you buy your first home with a 2% or 5% deposit (depending on which scheme you are eligible for)?
5.99% Variable Rate – Basic home loan with no application or ongoing fees
You can borrow:
- Up to 95% LVR with no LMI for First Home Guarantee (FHBG) and Regional First Home Buyer Guarantee (RFHBG)
- Up to 98% LVR with no LMI for Family Home Guarantee (FHG)
This special is for a short time only and we can turn around a fully assessed pre-approval within 3 business days!
2. Parent Guarantor Loan
You may not qualify for the HGS due to your income or desired property purchase price being above the threshold. Don’t stress, the parent guarantor loan may also be an option for you to avoid LMI³.
You can buy your first home without a deposit, in fact you will even be able to borrow up to 107% of the property purchase price, allowing you to cover the costs of stamp duty. You also won’t have to go with the same lender your parents may be with, giving you flexibility.
5.99% Variable Rate (Comparison Rate 6.01%) – No application fees
5.69% Fixed Rate (Comparison Rate 6.26%) – No application fees
Find out if you qualify for these special rates for parent guarantor loans
3. Loans for medical professionals not offered before
Professionals that can get LMI waivers up to 90% of the property value include:
- Registered Nurse
- Midwife
- Speech Pathologist
- Podiatrist
- Physiotherapist
- Chiropractor
- + many more
The good news is that there are no property purchase price limits for professionals looking to take advantage of the LMI waivers. The only requirement is that your income must be over $90,000 per annum.
6.05% Variable Rate (Comparison Rate 6.13%) – No application fees
Get your LMI Waiver home loan approved within 1-2 business days!
4. First home buyer cashback of $3,000
Don’t qualify for the Federal Government low deposit scheme because your income is above the threshold or the property you are purchasing is beyond the property purchase price limit?
No need to stress as we have lenders who will instead give a cashback of $3,000 for first home buyers only with a very competitive interest rate from 6.10%.
$3,000 cashback for eligible first home buyers
Find out if you qualify for this special cashback offer
5. Loans for new casual employees
Have you recently approached a lender about your new casual employment and been knocked back?
The good news is that at FHBA we may have solutions if you have been working in the same industry and have only recently started your new casual employment. We can even use the income you earned from your previous employment to assist with maximising your borrowing capacity.
Rates from 6.10% for new casual employees
Simply click below to contact us, so we can assist you with your short-term employment situation – we are the short-term employment specialists!
6. New secondary employment
With the cost-of-living pressures still evident, some aspiring first home buyers may be looking at secondary employment. If you have recently started your second job and it is a permanent part time/full-time role, then we can use both incomes for the purposes of determining your borrowing capacity, even if you only have one payslip for the secondary job!
A lot of lenders will tell you that you need to be employed in your second job for a continuous period of 6 or even 12 months.
Rates from 6.10% for those with a new secondary job
Simply click below to contact us, so we can assist you with your secondary job home loan application.
7. Bad credit score loans
Sometimes we may go through situations where you have missed your personal loan or credit card repayments, which are now reflected on your credit files and can significantly impact your credit score.
The good news is that FHBA Mortgages has access to lenders that don’t do any credit scoring which will allow you to secure a home loan.
Rates from 6.49% for those with a less than satisfactory credit file
Simply click below to contact us, so we can assist you with your home loan application with a low credit score.
8. Rentvestor (investment property) home loans
Perhaps, you may be looking to buy your first home as an investment property rather than an owner occupier. We can still assist you at FHBA as we also do first home investment loans.
If you are living at home and not paying any board or rent to your parents, then we also have lenders that will not take into account any notional rent which can significantly increase your borrowing capacity
6.24% Variable Rate – Basic home loan with no application or ongoing fees
Simply click below to contact us, so we can assist you with your investment home loan application
9. Salaried self-employed applicants
Do you earn your income through a Pty Limited company or a family trust and pay yourself a salary?
Rather than providing tax returns we have lenders that will accept the latest payslip for any income you generate from your company to pay to yourself and not include any business liabilities that you may have under your company/trust.
6.14% Variable Rate – with a 100% offset account
Simply click below to contact us, so we can assist you with your self employed home loan application
10. LMI Waiver for Engineers
Did you know that as a registered Engineer you can qualify for a LMI Waiver with a 10% deposit.
In order to qualify you must be registered with an Engineering Insititute of Australia.
7.24% Variable Rate – Professional Package Home loan with a 100% offset account
Simply click below to contact us, so we can assist you with your LMI Waiver Loan
Glossary of Terms:
¹LMI Capitalisation – Whereby the Lenders Mortgage Insurance premium is not paid upfront by the borrower but instead added onto the total loan balance and therefore paid over the term of the loan by the borrower
² Fixed Rate – A fixed interest rate loan is a loan where the interest rate doesn’t change during the fixed rate period of the loan giving you certainty in your repayments
³ LMI – Insurance premium charged by mortgage insurers – this protects the bank in the event of the borrower defaulting on their home loan obligations.
Every aspiring first home buyer’s situation is different; therefore it is important to get some expert advice on which product is suited to your needs. Are you looking to compare these different home loan products? Perhaps you just want to know your borrowing capacity or get a better understanding of how your first home loan works? Click here to speak with an FHBA Mortgage Broker.
Disclaimer: The information on our website including this page is general in nature and should be solely relied upon. The advertised rates above were true and correct at the time of the publication. The rates do not take into account other fees and charges which you should also consider. The comparison rates are true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The credit license responsible for the mortgage service offered to clients is Mortgage Australia Group Pty Ltd, Australian Credit License (ACL) number 377294, Australian Business Number (ABN) 99 091 941 749. Mortgage Australia Group Pty Ltd is a member of the Mortgage & Finance Association of Australia (MFAA). AKAL & FHBA Pty Ltd is an authorised credit representative of Mortgage Australia Group Pty Ltd. You should seek professional advice when obtaining finance and purchasing your first property.
Written By,
First Home Buyers Australia
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