I’m ready to buy

Get your first home loan from the best bank for first home loans.

I'm ready to buy

Congratulations on reaching the final phase of your home buying journey! All your planning and preparation has come together, and now everything is in place for a smooth purchase. 

We’re here to help you make the final decision on your home loan, apply, and get ready to move in.

  • Your Way Owner Occupier Home Loan

    Keep it simple with our basic low-rate home loan with flexible options to help you to do your home loan, your way.

    Learn more

    • 5 .99
      pa %
      Your Way Home Loan Basic Variable rate (Owner, P&I, LVR up to 80%)
    • 6 .01
      pa** %
      Your Way Home Loan Basic comparison rate (Owner, P&I, LVR up to 80%)
    • Fixed and variable rate options
    • Free redraw on the variable portion
    • Make unlimited additional repayments on variable loans
    • Ability to split loan
    • Available for first home loans
  • Your Way Plus Owner Occupier Home Loan

    Take advantage of a home loan with offset, discounted rates for teachers and much more with our package home loan.

    Learn more

    • 6 .09
      pa %
      Your Way Plus Essential Worker^ variable rate (Owner, P&I, LVR up to 60%)
    • 6 .39
      pa** %
      Your Way Plus Essential Worker^ comparison rate (Owner, P&I, LVR up to 60%)
    • Discounted Variable rates for life of the loan
    • Establishment fee waived (normally $600)
    • Flexibility to make additional repayments on variable rate loans and up to $10k per anniversary year on fixed rate loans
    • 100% Offset facility so you can pay your loan down faster
    • Available for first home loans

What do I need to apply for my home loan?

Your home loan application checklist

  • Proof of identity
  • Proof of income
  • Proof of deposit & contributions
  • List of assets & savings
  • List of liabilities
  • List of living expenses
  • Property information
  • Credit history

Supporting this step in your journey

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What’s the home loan application process?

Explore the key stages of applying for a home loan so you can be prepared to apply.

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Understanding home loan features

Learn about the different aspects of your home loan to manage your home loan effectively.

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Tips for bidding at auctions

Learn how to prepare, set your limits, & bid confidently to secure your dream home.

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What’s the difference between offset & redraw?

Understand how each feature works & how they can help you manage your mortgage more effectively.

Supporting this step in your journey

Buying your home and Better money management podcasts

Join host Alan Waugh and financial coach Betsy Westcott. In our Better Money Management podcast series, we'll cover essential topics including budgeting, saving, and being credit healthy. 

In this Savings episode, we talk about why saving is a key part of financial wellness, where we talk about the importance of saving goals/saving strategies and getting set for success with a savings plan.

 

FAQs

What is Lenders Mortgage Insurance (LMI)?

Lenders Mortgage Insurance (LMI) is a type of insurance that protects the lender in case the borrower defaults on their home loan. It’s typically required when a borrower has a deposit of less than 20% of the property’s value.

While LMI doesn’t protect the borrower, it enables them to secure a home loan with a lower deposit, making it easier to enter the property market sooner. The cost of LMI is usually added to the loan amount or paid upfront.

Read more information about LMI.

What is the Home Guarantee Scheme? Am I eligible?

The Home Guarantee Scheme (HGS) is an Australian Government initiative that supports eligible homebuyers looking to purchase a home sooner, with a low deposit and no Lenders Mortgage Insurance (LMI). Read more about the Home Guarantee Scheme.

You find out if you’re eligible on the Housing Australia website/

What is the Loan to Value ratio (LVR)?

The Loan to Value Ratio (LVR) is a percentage that represents the amount of a loan compared to the value of the property being purchased. It’s calculated by dividing the loan amount by the property’s value and then multiplying by 100.

For example, if you’re borrowing $400,000 to buy a property worth $500,000, the LVR would be 80%.

Lenders use the LVR to assess the risk of a loan. Generally, a higher LVR means higher risk. This might lead to the lender taking out Lenders Mortgage Insurance (LMI) or higher interest rates.

What are the benefits of getting pre-approval for a home loan?

Pre-approval for a home loan has several advantages, including helping you set a realistic budget, increasing your negotiating power with sellers, and potentially speeding up the final approval process once you find a property. It can also help reduce stress by providing clarity on your borrowing capacity.

However, pre-approval is typically valid for a limited time and is not a guarantee of final loan approval, because factors like property valuation and changes in your financial situation can still affect the outcome. Additionally, the process involves a credit check, which may slightly impact your credit score, and knowing your maximum borrowing limit might lead to stretching your budget beyond comfortable levels.

What do I need to do before I apply for a home loan?

Before applying for a home loan, it's essential to prepare thoroughly to ensure a smooth and successful application process. Start by gathering key documents such as proof of identity, income, savings, and liabilities. Understanding your credit score and financial situation will also help you make informed decisions.

For personalised guidance tailored to your specific needs, it's best to speak with a lending specialist. They can provide expert advice, help you understand the application process in detail, and ensure that you meet all requirements. To get started, read our home loan application checklist or speak directly with a lending specialist.

Get in touch today.

Take the next step in your home loan journey.

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Talk to a Lending Specialist

We can visit you at home, call you on the phone, or speak to you on a video call.

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Apply Online

Complete an online application to fast track your home loan financing.

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Home Loan Resources

Helpful guides and checklists for whatever stage you are in your home loan journey.

Got a Question?
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