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Tasmanian First Home Buyer Loans

Buying Your First Home? We Make It Simple.

Owning your first home is an exciting milestone, but it can also feel overwhelming. At Fortify Loans, we help first-home buyers in Tasmania navigate the process with expert advice, tailored loan solutions, and access to exclusive government grants and incentives.

Ready to start? Speak to a home loan expert today.

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HOW WE HELP FIRST-HOME BUYERS

How We Help First-Home Buyers

Access to Government Grants

We’ll help you unlock available first-home buyer benefits.

Step-by-Step Guidance

From pre-approval to settlement, we simplify the process.

No Broker Fees

Our service is at no cost to you. We get paid by lenders.

Get Started Right Here, For FREE

We’ll help you figure out what you can afford, what you’re eligible for, and how to take the next step with confidence.

Tick what you’d like to know more about and we’ll be in touch with personalised answers. No jargon, no pressure.

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WHAT YOU NEED TO KNOW

Calculating Your Borrowing Power

Borrowing power Calculator

Your borrowing power depends on income, expenses, and debts. We compare multiple lenders to find you the best deal.

Want an estimate? Use our Home Loan Calculator or chat with us for a personalised assessment.
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SAVING FOR A DEPOSIT

How much do you need?

Explore your options

First Home Loan Deposit Scheme (FHLDS)

Buy with just 5% deposit and no LMI fees.
The First Home Guarantee (previously FHLDS) is a federal government initiative that allows eligible first-home buyers to purchase a home with just a 5% deposit while avoiding Lenders’ Mortgage Insurance (LMI)—a fee usually charged when borrowing more than 80% of the property value.

Guarantor Loans

A family member can help secure your loan.
If you don’t have a full deposit saved, a guarantor loan allows a parent or close family member to use their property’s equity as security for your home loan. This means you can borrow up to 100% of the property value, often without paying LMI.

Low-Deposit Lenders

Some lenders allow 10% or even 5% deposits with LMI.
Many lenders offer low-deposit home loans, allowing first-home buyers to enter the market with a 10% or even 5% deposit. However, with a lower deposit, you’ll usually need to pay Lenders’ Mortgage Insurance (LMI), which protects the lender in case of default.
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TASMANIAN EXPERTISE

First-Home Buyer Government Grants & Incentives for Tasmanians

As a Tasmanian first-home buyer, you may be eligible for government grants and schemes that can significantly reduce your upfront costs and boost your deposit. These incentives are designed to help Australians enter the property market sooner by cutting down the cost of buying a home.

First Home Owner Grant (FHOG)

A one-off payment for new home purchases.
The First Home Owner Grant (FHOG) is a state-based government grant designed to assist first-home buyers purchasing a new home, an off-the-plan property, or building a new home. The amount varies by state but can be worth up to $30,000 in some locations.

Stamp Duty Exemptions

Save thousands on upfront costs.
Stamp duty (also known as transfer duty) is one of the largest upfront costs when buying a property. However, most states offer full or partial exemptions for first-home buyers, meaning you could save tens of thousands of dollars on your purchase.

First Home Super Saver Scheme (FHSSS)

Use your super to boost your deposit
The First Home Super Saver Scheme (FHSSS) allows first-home buyers to withdraw voluntary contributions from their superannuation to help fund a home deposit. This can provide significant tax benefits and help you save faster.
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HOME LOAN PROCESS

The Home Loan Process

The borrowers guide to buying your first home
Download the guide
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FAQs

Common First Home Buyer Questions

Yes, under the First Home Super Saver (FHSS) scheme, you can withdraw voluntary contributions (up to $50,000) from your superannuation to help with your home deposit. This can be a tax-effective way to save for a home, but there are specific rules and eligibility criteria to consider.

In addition to your deposit, you should budget for costs like stamp duty (which may be reduced or waived for first home buyers), conveyancing fees, loan application fees, building and pest inspections, moving costs, and home insurance.

LMI is an insurance fee that protects the lender if you borrow more than 80% of a property’s value. However, first home buyers may avoid LMI by using government schemes like the First Home Guarantee or having a guarantor on their loan.

Your borrowing power depends on factors like your income, expenses, credit score, and existing debts. A mortgage broker can assess your financial situation and help determine how much you can comfortably borrow and repay. We also have a range of calculators you can use if you want to try yourself.

A pre-approval is a lender’s indication of how much you can borrow based on an initial assessment of your finances. While it’s not a final loan approval, it can give you confidence when house hunting and make your offer more attractive to sellers.

Yes, but your options may be more limited. Some lenders offer loans for buyers with lower credit scores, though you may face higher interest rates or stricter conditions. A mortgage broker can help you find a lender that suits your situation.
LET’S TALK

Your First Home Starts Here

Getting your first home loan doesn’t have to be stressful. With Fortify Loans, you’ll get the best loan options, access to first-home buyer benefits, and expert guidance every step of the way. Book a free, no-obligation chat with our home loan experts today.
Get Started Now

IMPORTANT INFO

Fortify Loans Pty Ltd (ABN 51679738786 and Credit Representative Number 546469) is authorised under Australian Credit Licence 384324.
*Individual lenders may charge fees to the customer.

This website provides general information only. Our content does not constitute legal, tax or financial advice and has been prepared without taking into account your objectives, financial situation or needs. You should always consider whether any loan or financial decision is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product.

All applications are subject to lender assessment and approval. Cashback offers may be provided by some lenders and may only be available for particular products, terms and conditions apply.

Any information provided does not constitute an offer of credit and are examples of what may be available to you based on the information available. It does not take into account any product features or any applicable fees. Lending criteria and the basis upon which we assess what you may be able to afford may change at any time without notice. For Fixed Rate home loans, break costs may be payable which can be significant if you change the whole or part of your fixed rate loan or where additional or early repayments are made during the fixed rate period.

CONNECT WITH US

03 6184 7127
info@fortifyloans.com.au

ACKNOWLEDGEMENT OF COUNTRY

In the spirit of reconciliation, we acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.