First home buyer loans Adelaide

The minimum deposit depends on which pathway you take. The federal First Home Guarantee allows eligible buyers to purchase with a 5% deposit with the government guaranteeing 15% - meaning no LMI. Without the guarantee, most lenders charge LMI on deposits below 20%. Some government schemes allow deposits as low as 2-5% without LMI. Lendology assesses which pathway suits your situation.

Yes, in many cases. The $15,000 First Home Owner Grant (for new builds) and the stamp duty concession are separate benefits administered by RevenueSA, and eligible buyers can access both simultaneously. Lendology coordinates both applications as part of your loan process. Eligibility criteria apply to each - confirm your specific situation with Lendology.

No. The SA First Home Owner Grant is only available for newly built properties that have never been occupied - this includes new house and land packages, off-the-plan apartments, and contracts to build. If you are purchasing an established home, the grant is not available, but you may still be eligible for the stamp duty concession for new builds only. Eligibility criteria apply.

The First Home Guarantee is a federal government scheme administered by Housing Australia. It allows eligible first home buyers to purchase with a 5% deposit, with the government guaranteeing 15% of the loan value. This eliminates the need for Lenders Mortgage Insurance. As of 1 October 2025 there are no income caps and no limit on places. The SA price cap is $900,000 for Adelaide and regional centres. Applications are made through a participating lender - Lendology manages this process.

From your first chat with Lendology to pre-approval is typically 3 to 7 business days depending on document availability. From a signed contract of sale to settlement is usually 4 to 6 weeks. Lendology coordinates the grant applications, loan application and lender liaison throughout the process.