Finance · First home
First-home lending, with the scheme rules checked
Borrowing capacity, the 5% Deposit Scheme, the grant and stamp duty concessions — coordinated so the approval matches the support you qualify for.
as at 15 November 2026
General information only and not credit assistance. Estimates are not an offer, quote or approval. Lending is subject to lender approval, terms, fees and charges. Next Step Financing Pty Ltd (ABN 77 680 857 416, Australian Credit Licence 384704, Credit Representative 563367).
Part of the IR Property Group one-roof team
Separate businesses. One roof. One plan.
Who it suits
Buyers purchasing their first home who need the deposit and serviceability to line up with a scheme, or who are close to the threshold and need to know which lender will treat their situation properly.
The two things that decide the outcome are genuine savings evidence and how the lender treats the government guarantee. Both are policy questions, and policy varies.
What we check first
- Genuine savings history
- Scheme and price-cap eligibility
- LMI if the guarantee is unavailable
- Grant timing against settlement
How it works
- 01
Capacity and scheme check
Borrowing power modelled, then schemes tested against your income, deposit and target suburbs.
- 02
Document gathering
Payslips, ID, savings statements and any gift or guarantee evidence, submitted once.
- 03
Pre-approval
Two to five business days for a straightforward application, longer for complex income.
- 04
Property and approval
Contract, valuation and formal approval, with the grant application coordinated by your conveyancer.
Documents needed
- Photo ID and proof of address
- Three months of payslips or an employment letter
- Three to six months of savings statements
- Existing loan or credit card statements
- Gift letter or guarantor details, if applicable
- Recent rental ledger, if renting
Common mistakes
- Assuming a scheme applies before checking the price cap
- Moving savings between accounts and breaking the genuine savings trail
- Applying for new credit cards or car finance before settlement
- Bidding at auction without a finance condition and without pre-approval
as at 15 November 2026
General information only and not credit assistance. Estimates are not an offer, quote or approval. Lending is subject to lender approval, terms, fees and charges. Next Step Financing Pty Ltd (ABN 77 680 857 416, Australian Credit Licence 384704, Credit Representative 563367). Government scheme settings are sample information as at 15 November 2026.
How a referral between businesses works
When the right next step sits with another business in the group, we ask you first. You decide whether the introduction happens.
- Client consent first — nothing about you is shared with another business without your agreement.
- Each business advises only within its own licence. IR Property does not give tax or credit advice, GBS advises on tax and accounting only, and Next Step Financing provides credit assistance only.
- Any referral fee, commission or benefit paid between businesses in the group is disclosed to you before you engage.
Common questions
Start with a conversation
One free consultation. Three services. No obligation.
Tell us what you're trying to do and we'll tell you plainly whether property, accounting, finance — or all three — is the right starting point.
Property notes, once a month
Market movement across Melbourne and regional Victoria, tax changes worth knowing about, and lending shifts explained without the spin.