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Buy your first home with help from the bank Australia trusts^

We make buying your first home simple

Are you ready to buy your first home? From knowing where to start to understanding the home loan process, settlement and costs we're here to support you. Our helpful articles, home loan calculators and financial tools make finding the right loan easy. Plus, our friendly lenders are available to offer expert advice when you need it. It's simple.

Where to start

The process of buying your home can be broken down into some simple steps

  • 1
    Pre-qualify to get a better understanding of your borrowing position and what deposit you need.
  • 2
    Repayments should not exceed 30% of pre-tax income - use the repayment calculator as a guide.
  • 3
    You may be entitled to a Government grant or scheme.
  • 4
    Check out properties and prices of homes similar to the one you want, in the area you want.
  • 5
    Found your home? Look through it a few times to make sure it’s right for you. Getting pest and building inspections can also help you avoid unforeseen issues.
  • 6
    Our lenders can meet out of hours if that’s easier for you and will help with all the ins and outs of your loan.

Know the loan process

Know the loan process

  • 1
    You’ll need a solicitor or conveyancer to help with all the legal requirements.
  • 2
    They’ll guide you through the sales process, costs, and any fine details in the contract of sale.
  • 3
    Once you’ve found your new home contact us and we’ll get the process underway.
  • 4
    Home insurance is an important part of getting a mortgage. We can talk to you about why you need insurance and provide you with a quote.
  • 5
    Depending on the valuation in your purchase contract and rates, we may organise a valuation.

Understand settlement

Understand settlement

  • 1
    Once finance is approved, and you’ve found your new home, you can pay your deposit.
  • 2
    Settlement date will be set and you can plan your move.
  • 3
    On settlement day we’ll draw down the loan and meet with the real estate agent and solicitor.
  • 4
    Then you can collect your keys from the agent and move in!

Know the costs

Know the costs

  • 1
    Bank fees include application, valuation, documentation and settlement fees
  • 2
    Stamp duty is based on the purchase price.
  • 3
    Registration and titles fees are charged to lodge the documents.
  • 4
    Conveyancer charge to review contract, prepare transfer of land, and complete required searches.
  • 5
    You will need Home insurance and possibly Loan insurance.
  • 6
    Our lenders will go over all the fees and charges with you.

Great loans for you

Get home and contents insurance worth having

Insurance you can rely on is worth its weight in gold. Help protect your home by making sure you have adequate cover in place. We offer a range of options, great payment flexibility, and we have a dedicated insurance team who can assist you.

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Government home loan support

Get into your own home sooner

You may be eligible for Government support to help you get into your own home sooner.

Want a more detailed view of what you can borrow?

Pre-qualify for a home loan in just minutes, with no paperwork and no credit checks.

Learn about

Things you should know

Terms and conditions, fees and charges apply. All information including interest rate is subject to change without notice. Full details available on application. Lending criteria apply.

Target Market Determinations for products are available.

1 Important information about comparison rate: The comparison rate displayed is calculated for a loan of $150,000 over 25 years. If the comparison rate relates to a loan with a fixed interest rate, the comparison rate has been calculated on the basis that our current applicable variable rate will apply at the end of the fixed rate period. WARNING: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 

For Bendigo Complete Fixed Rate Home Loan the comparison rate assumes a variable rate with Loan to Value Ratio (LVR) between 60.01%-80% will apply at the end of the fixed rate period. 

2 Bendigo Complete Home Loan: The interest rate displayed is for an owner occupied, principal and interest loan and is based on a Loan to Value Ratio (LVR) between 60.01%-80%. 

3 Bendigo Complete Home Loan 2 Year Fixed: Available to customers with owner occupied, principal and interest home loans.

^ Roy Morgan Quarterly Update February 2023

Calculators

Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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