What We Offer

First Home Buyer Mortgage Broker

At CLN Home Loans, we specialize in helping first-time homebuyers achieve their dream of homeownership. As your dedicated mortgage broker, we provide personalized guidance and expert support throughout the process, making your journey to owning your first home seamless and rewarding.

What We Offer

Comprehensive Offerings at CLN Home Loans

Explore the diverse and comprehensive offerings at CLN Home Loans designed to meet your individual financial needs. Our range of services includes personalized mortgage solutions, expert guidance for first-time homebuyers, refinancing options, competitive interest rates, efficient and transparent processes, and ongoing support to ensure a seamless and rewarding experience throughout your homeownership journey.
Trust CLN Home Loans for a holistic approach to your mortgage needs, where our commitment is to provide you with the most suitable and advantageous solutions for your financial well-being.

First Home Buyer Grants Melbourne

We’re With You, Every Step of the Way

At CLN Home Loans, we're more than just mortgage providers; we're your dedicated partners in every aspect of your homeownership journey. From the initial consultation to securing the keys to your dream home, our committed team ensures a seamless and positive experience. With personalized solutions, expert guidance, and unwavering support, we stand by you at every step, making your path to homeownership a smooth and fulfilling one.

First Home Owner Grant (FHOG)
The First Home Owner Grant (FHOG) is a government initiative designed to assist first-time homebuyers in achieving their homeownership dreams. At CLN Home Loans, we guide you through the process of accessing the FHOG, providing expert advice and support. This grant offers financial assistance to eligible individuals or couples purchasing their first home, helping to alleviate the initial costs of homeownership. Our team is dedicated to ensuring you leverage this valuable opportunity to make your first home purchase a reality.
Trust CLN Home Loans for expert assistance in navigating the FHOG application process and turning your dream of homeownership into a tangible and affordable goal.
Eligibility Criteria for FHOG
The eligibility criteria for the First Home Owner Grant (FHOG) can be pivotal in realizing your dream of homeownership. At CLN Home Loans, we demystify the requirements, ensuring you have a clear understanding of the criteria. Typically available to first-time homebuyers, the FHOG eligibility hinges on factors such as property value, residency status, and the intention to live in the newly purchased home. Our dedicated team is committed to guiding you through these criteria, providing expert advice to maximize your chances of securing the FHOG.
Stamp Duty Exemption or Concession
A Stamp Duty Exemption or Concession is a valuable financial benefit that can significantly reduce the upfront costs associated with purchasing a property. In some cases, first-time homebuyers may enjoy complete exemption from this tax, saving thousands of dollars. For others, there might be a substantial concession, easing the financial burden of acquiring a new home. At CLN Home Loans, we provide expert guidance on accessing these exemptions or concessions, helping you navigate the complex landscape of property taxes. Our knowledgeable team is here to assist you in understanding and leveraging these opportunities, ensuring you maximize your savings during the property purchase process.

We are here to walk you through the home loan process.

First Home Buyer Checklist

If you’re thinking about becoming a first home buyer in Melbourne in the next three months, our essential checklist is for you.

Determine your budget
What is your maximum borrowing capacity, and what sort of price range should you be looking at properties in? How much can you afford in monthly repayments.
Choose your suburb
Keep in mind that you’ll be living here for at least the next 5 to 10 years. If your ideal suburb is too highly priced, consider the surrounding suburbs - you’ll still be nearby.
Consider the property’s capital growth
Do you have any statistics or sales history for the area? Is your chosen mortgage broker able to provide you with this free service?
Consider bedroom and living space needs
How many bedrooms and living areas does a prospective property need to have? It might be nice to have two living areas, but you could get away with just one.
Decide whether to build or buy an established home
Also ensure that you understand the pros and cons of your choice (ie when building, you’ll have to wait months until you can move in). If you’ve opted to buy off-the-plan, understand the pros and cons of this decision. Would this save you more money than buying an established home or contracting a custom builder?
Understand your eligibility for first home buyer grants in Melbourne
Be aware that different state governments have different requirements, so ensure that the information you have is relevant to Victoria.
Consult with a mortgage broker
Buying a home can be complicated, whether you’re doing it for the first time or the tenth time. Make an appointment with Mel Finance to discuss your options today.

Q&A Session

Your First Home Buyer Questions Answered

How much deposit do you need for a first home buyer in Victoria?
It is recommended that buyers have a deposit of at least 20%, as this will mean you won’t have to pay Lenders Mortgage Insurance (LMI). First home buyers in Melbourne with a deposit of only 5%, however, may be eligible for the First Home Loan Deposit Scheme.
Can I use my superannuation to buy a house?
Yes, in some circumstances first home buyers can access their super to purchase a home. This is known as the First Home Super Saver (FHSS) scheme. It allows you to contribute up to $15,000 each financial year that can later be withdrawn as your deposit (up to a maximum of $50,000). Please contact us for more information on this scheme.
Do couples lose the first homeowners grant if one partner has bought in the past?
If one partner has previously owned or bought property in Australia, it may have an impact on your first-time buyer status when you make a joint application for a mortgage. If they did not live in the property as their primary residence, you may still be eligible for the first home buyers grant in Melbourne. Please contact us for more information.
Do first-home buyers pay stamp duty in Victoria?
No, under the Stamp Duty Exemption, first home buyers in Melbourne currently do not pay stamp duty providing their property is valued at $600,000 or less. Buyers who have purchased properties valued between $600,001 and $750,000 may be eligible for a stamp duty concession.
How much deposit do you need to avoid LMI?
In order to avoid LMI, you need a deposit of at least 20%.
Can you get the first homeowner grant on Centrelink?
Yes, providing you meet all other eligibility criteria and have the means of making your monthly mortgage repayments.
Which suburbs do you get home loans for?
We service clients in the Melbourne CBD area and across the surrounding suburbs of Melbourne, Australia.
At CLN Home Loans, we understand how daunting and tedious buying your first home can be. From rising property prices and a wealth of new concepts to get your head around to the fierce competition posed by established investors and other first-home buyers in Melbourne – it’s no wonder so many people feel overwhelmed.
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