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First Home Loans

  • The epic step of buying your first home is finally here. There are plenty of sweet home loans out there in the bustling home loan market that offer no ongoing fees, a low interest rate and let you borrow at least 90% of the property value. Start your search below.

  • What does loan to value ratio (LVR) mean?

    Loan to value ratio or LVR basically equates to how much deposit you have. For example if you're buying a $300,000 apartment, you should aim for a deposit of $60,000 (20% of the value of the property), which would make your LVR 80%. Generally, if your LVR is more than 80% , which it often is for first home buyers, you'll have to pay lenders mortgage insurance.

  • How do I choose a first home buyers home loan?

    Taking the plunge into the property market and investing in your future is exciting. But for mortgage newbies selecting the right home loan can be a bit of a daunting task. Take a glance at the table below to compare the variable and fixed rate home loans on offer right now for first home owners. Look for a home loan with a low application fee and no ongoing fees.

  • Can I apply for a first home owners loan online?

    Yes and it's never been easier! Click on one of the "go to site" buttons below to start your path to greater financial independence.

Home loan comparisons on Mozo - rates updated daily

  • promoted

    Discounted Home Value Loan

    Owner Occupier, Principal & Interest

    • Owner occupier only
    • Available to new borrowings to HSBC of $50,000 or more
    • Your own Personal Relationship Manager

    interest
    rate

    3.65% p.a. variable

    comparison
    rate*

    3.66% p.a.

    Upfront
    fees

    $0

    initial monthly
    repayment**

  • MOZO EXPERTS CHOICE 2017
    promoted

    Platinum Home Loan

    Intro Rate Special, Owner Occupied, LVR<90%

    • Forget traditional models! Get a more flexible home loan
    • Be approved in 24 hrs. Stay approved for 4 months
    • 10% deposit OK. 100% offset. No App & Val fees

    interest
    rate

    3.70% p.a.variable for 12 months and then 3.87% p.a. variable

    comparison
    rate*

    3.95% p.a.

    Upfront
    fees

    $0

    initial monthly
    repayment**

  • promoted

    Mortgage Saver Special

    Owner Occupier, Principal & Interest

    • $0 Establishment fee
    • Unlimited additional repayments
    • Borrow up to 95% of the property value

    interest
    rate

    3.74% p.a. variable

    comparison
    rate*

    3.74% p.a.

    Upfront
    fees

    $0

    initial monthly
    repayment**

  • promoted

    Health, Wealth and Happiness Variable Rate Package

    Owner Occupier, Principal & Interest

    • No annual fee on a credit card of your choice
    • 100% offset facility
    • Owner occupied only

    interest
    rate

    3.84% p.a. variable

    comparison
    rate*

    4.25% p.a.

    Upfront
    fees

    $0

    initial monthly
    repayment**

  • promoted

    Accelerator Home Loan

    Owner Occupier, LVR<95%

    • Life-of-loan discount off the standard variable rate
    • Special discounted rate for the first 2 years
    • 100% offset account

    interest
    rate

    3.84% p.a.variable for 24 months and then 4.69% p.a. variable

    comparison
    rate*

    4.58% p.a.

    Upfront
    fees

    $769

    initial monthly
    repayment**

  • promoted

    Essential Home Loan

    Owner Occupier, Principal & Interest

    • Experts Choice Winner - Home Loans 2017
    • Additional repayments anytime
    • Waived establishment & settlement fees

    interest
    rate

    3.96% p.a. variable

    comparison
    rate*

    3.98% p.a.

    Upfront
    fees

    $295

    initial monthly
    repayment**

Want more? Compare all 531 home loans in the Mozo comparison engine.

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*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

**Monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Fees are included in the representative example but not the monthly repayment. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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