Buying your first home

There's lots involved in buying your first home, it can be an exciting yet overwhelming time. Let's help you get started by calculating what your repayments and interest rate would look like with Heritage. On this page you'll also find some helpful information and other ways we can support you in buying your first home.

Find out how we can help you

I want to borrow


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By paying $loanFrequency_lyname instead of monthly, you could save $heritageRepayments_totalSaved & $heritageRepayments_yearsSaved over the life of your loan.

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Comparison rate

Indicative repayment amount only. Your credit contract will state a monthly repayment figure. You may make payments as frequently as you choose within each month to pay the monthly amount due.

Apply by 30 September 2020 and pay no application fee.

Save up to $600!

Mobile Lenders could be available in your area

A Mobile Lender can meet you at home or work to help calculate how much you can borrow and walk you through the process.

Home loan application checklist

Speed up and simplify your home loan application with this checklist, which covers identification, income, living expenses and other requirements you will need.

Customer-Owned Banking you can bank on.

Established in 1875, and with more than $10 billion in assets, Heritage is Australia's largest Customer Owned Bank.

Mozo People's Choice Award Outstanding Customer Service & Most Recommended

#1 in Customer Satisfaction for Brand Authenticity among Retail Banks

by J.D. Power Australian Bank Brand Authenticity Study 2020

Visit our First Home Buyer Hub

Our First Home Buyer Hub gives you access to the right tools and support to help with your home buying journey.

First Home Owners Grant

Grants are available to help first home buyers purchase a newly constructed home and differ between States. Find out more about the First Home Owners Grant within your State.

HomeBuilder Grant

The newly announced HomeBuilder Grant is designed to support individuals and couples with a $25,000 boost after building, buying or substantially renovating a home. Applications are open for the HomeBuilder grant until 31 December 2020 and to apply you must meet all the eligibility requirements for your State or Territory. Find out more about the HomeBuilder Grant eligibility criteria in your State or Territory today.

Buying land and build loans

If you’re looking to purchase vacant land or build a new home rather than purchase an established property, we have options that may be suitable.

Construction Loans are different from a regular home loan because the funds are paid gradually to your builder as progress payments. While your property is getting built, your repayments are set as interest only to help you manage your budget.

Simply let us know of your plans to build when you apply for a home loan and we'll help you through the process.

What if my application gets knocked back?

It can be disheartening to find out a loan for your first home is not approved. Visit our First Home Buyer Hub for more information on what to do if this happens. It covers considerations such as having a family member act as guarantor for you via our family guarantee option, and outlines how we can help you manage your budget to keep your home buying journey moving forward.