First home loans in Bankstown made simple

Buying your first place in Bankstown or South West Sydney? We'll guide you through every step with zero jargon and no surprises.

Taking the first step to homeownership

You're not just buying a property - you're starting a new chapter. Maybe you've been saving for years, or maybe you're just now realising home ownership is actually within reach. Either way, the process can feel confusing, overwhelming, and like everyone else knows more than you.


At Infinity Mortgage Brokers, we break it down for first home buyers across Bankstown and South West Sydney, with clear advice, expert support, and zero judgement.

How exactly do you buy your first home?

Buying your first home usually starts with a big question: Can I actually afford this? We'll help you:

  • Understand your borrowing power
  • Work out how much deposit you'll need
  • Get pre-approved so you can shop with confidence
  • Explore government grants, stamp duty exemptions, and first home buyer schemes
  • Understand your loan options (fixed vs variable, offset accounts, etc.)
  • Navigate the settlement process so you know what to expect next

We'll compare options from 40+ lenders and explain each one in plain English, whether you're looking at a unit in Campsie or a house in Panania.

Why does getting it right matter?

Your first home is a big financial decision - but it's also a deeply personal one. You're not just buying walls and a roof. You're building stability, independence, and maybe even a backyard for your dog.


Getting the right loan now can save you thousands over time - and help you start your property journey with confidence, not regret.

How Infinity Mortgage Brokers can help

We know the system, the banks, and all the acronyms - so you don't have to. We take the time to understand your goals and explain your options in a way that actually makes sense. You'll get:

  • Guidance tailored to your situation
  • Access to 40+ lenders (not just one bank)
  • Advice on government support you're eligible for
  • Local knowledge of the Bankstown and South West Sydney market
  • A broker who actually calls you back

Most importantly? We're here for the big questions, the small worries, and the excited texts when you finally find the one.

Ready to make it happen?

Let's chat! Schedule a free introductory call with us now.

  • How much deposit do I need to buy my first home in Bankstown?

    To buy your first home in Bankstown you generally need a deposit of at least 5% of the purchase price, plus extra savings for transfer duty, conveyancing, inspections and lender fees. A 20% deposit avoids Lenders Mortgage Insurance (LMI) altogether.


    What LMI is and when it applies


    LMI is a one off premium charged when you borrow more than 80% of the property's value. It protects the lender, not you, and there are several ways to avoid LMI.


    Buying with a 5% deposit


    Under the Australian Government's 5% Deposit Scheme, eligible first home buyers can purchase with 5% and pay no LMI. Our First Home Guarantee guide explains who qualifies. A family guarantee, where a parent offers part of their home as extra security, is another route.


    What your deposit buys locally


    The same savings stretch very differently by property type. A unit near the station in Campsie or Liverpool needs far less cash than a freestanding house in Panania or Padstow. See our guide to how much deposit you need to buy a house, or ask Dimitri at Infinity Mortgage Brokers to match your savings to realistic suburbs before you inspect.

  • What grants and concessions can first home buyers in NSW claim?

    First home buyers in NSW can claim three main forms of help: transfer duty relief, the First Home Owner Grant for new homes, and the federal 5% Deposit Scheme. Many buyers qualify for more than one. Figures are current as at October 2026.


    Transfer duty relief


    The First Home Buyers Assistance Scheme removes transfer (stamp) duty on homes valued up to $800,000 and reduces it on a sliding scale for homes valued under $1,000,000. Our guide to stamp duty costs shows the dollar impact.


    First Home Owner Grant (New Homes)


    A $10,000 payment for buying or building a brand new home that nobody has lived in, subject to price caps.


    The 5% Deposit Scheme


    Eligible buyers can purchase with a 5% deposit and no LMI. The property price cap sits at $1.5 million across Sydney. See our First Home Guarantee page for the rules.


    Checking what you qualify for


    Each program has its own conditions on residency, prior ownership, price and move in dates, and the thresholds change. Before you make an offer anywhere in South West Sydney, Infinity Mortgage Brokers confirms your eligibility under the rules in force that day. Start with our guide to home loans for first home buyers.

  • How long does first home loan approval take in South West Sydney?

    First home loan approval in South West Sydney usually takes two to three weeks from application to formal approval. Settlement in NSW then typically follows six weeks after contracts are exchanged.


    Step one, pre-approval


    Once Infinity Mortgage Brokers lodges a complete file, a conditional pre-approval generally comes back within a few business days.


    Step two, formal approval


    After you sign a contract, the lender orders a valuation and finalises its assessment. Allow one to two more weeks, depending on the lender's workload and how quickly the valuer gets access. Our guide to home loan approval times covers current turnarounds.


    What holds first home buyers up


    Gaps in the paperwork cause most delays. Common examples are a missing payslip, an undisclosed buy now pay later account, a HECS or HELP balance left off the form, or a large deposit with no paper trail.


    Why preparation matters at auction


    Auctions are a common way to buy from Revesby to Roselands, and an auction contract has no cooling off period. We check your documents before lodgement and choose a lender whose queue fits your dates.

  • What other costs should first home buyers in Bankstown budget for?

    Beyond the deposit, first home buyers in Bankstown should budget for transfer duty, legal fees, inspections, lender fees, insurance and moving costs. The main items are:

    • Transfer (stamp) duty, unless the price sits within the exemption or concession thresholds

    • A conveyancer or solicitor

    • Building and pest inspections, and a strata report if you are buying a unit

    • Lender application, valuation and settlement fees

    • LMI where the deposit is below 20% and no scheme or waiver applies

    • Building insurance, which your lender will want in place before settlement

    • Council and water rate adjustments, plus strata levies on units

    • Removalists, connections and any urgent repairs


    Local factors to check


    Low lying streets near the Georges River in Milperra, Chipping Norton and Moorebank can sit on flood affected land, which raises insurance premiums. Bushland fringed suburbs such as Menai, Barden Ridge and Alfords Point include bushfire prone land. In older unit blocks, read the strata report for upcoming special levies.


    Planning the full budget


    Our first home buyer checklist and guide to the most affordable suburbs are good starting points. Infinity Mortgage Brokers builds every one of these costs into your borrowing plan, so settlement week holds no surprises.