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Low Deposit First Homes / Qualifying Criteria

Do you qualify for a Low Deposit First Home?

Our 'First Home Buyers Assistance Package' is a free service designed to help first home buyers gain access to the tools and advice needed to start their journey to home ownership without requiring a large amount of savings.

Qualification will vary depending on your individual circumstances however we have outlined our minimum Low Deposit First Homes qualification criteria below.

All applicants must meet the following:

  • All applicants are 18 years or over.
  • All applicants are First Home Buyer(s).
  • At least one applicant must be an Australian Citizen or Permanent Resident.
  • Single applicants must be employed with a regular income of $65,000 or more per year before tax.
  • Joint applicants must have a combined income of $85,000 or more per year before tax.
  • Applicants must have savings of at least $5,000.
  • Applicants must be currently renting with a solid rental history of 12 months or more and a lease in their name.
  • Applicants must have a good credit history with no defaults.

Apply now and find out if you qualify!

Our online application form will help us to determine if you qualify for a Low Deposit First Home option and calculate your estimated borrowing capacity. It's free to apply and it won't effect your credit rating. Simply fill in our online application form in less than 10 minutes.

Start your Low Deposit First Home application ›

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"My partner and I have been renting for the past 4 years and really wanted to have our own place. We really wanted to build or buy but never thought it was possible. We have been able to go through this whole process not being stressed or worried. Courtney goes through everything step by step so we are always aware of what is happening and whenever we have questions she is always so quick to get back to us. We would definitely recommend the MWC Group to our family or friends with no hesitance at all." Brooke & Russell, Brisbane - First Home Buyers

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