5% Deposit Scheme First Home Buyers background
5% Deposit SchemeNo LMI Required

5% Deposit Scheme(No LMI)

Own your first home with just 5% deposit. No income caps. No waiting lists. Higher price caps from 1 October 2025. We'll map your eligibility, price caps, and lender options—then structure your loan so you avoid Lenders Mortgage Insurance (LMI) and buy sooner.

Buy Sooner
Save Thousands
No Income Caps
Higher Price Caps

What You'll Get

5% Deposit Scheme benefits

5% Deposit Only

2% for single parents

No LMI Required

Government guarantee

Higher Price Caps

From 1 Oct 2025

NSW Price Caps (From 1 Oct 2025)

Sydney/Regional Centres:$1,500,000
Other NSW:$800,000

First-Home Specialist

Expert guidance through the scheme

About Our Service

First Home Loans Solutions

Buying a new home or a new property can seem easy at first, but many difficult questions and choices accompany it. And this is where RyRo Loan Centre comes in. We will be doing all the hard work for you and helping you make informed decisions. Take advantage of the 5% Deposit Scheme (No LMI) to buy your first home with minimal deposit. Check out our Borrowing Power Calculator and explore all our services to find the perfect solution.
12+
Years Experience
1000+
Happy Clients
Government Grants & Schemes

Available Government Support

Access all available government grants and schemes to maximize your savings and reduce your deposit requirements

First Home Owner Grant (FHOG)

One-time lump sum payment to help first home buyers enter the property market. Amount varies by state and location.

Available Nationwide

First Home Buyer Guarantee Scheme (FHBG)

Purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).

5% Deposit Available

Family Home Guarantee

For single parents and legal guardians - purchase with as little as 2% deposit without LMI.

2% Deposit Available

Regional First Home Buyer Guarantee

5% deposit for regional properties. Must have lived in regional area for 12 months.

Regional Areas Only

Stamp Duty Concessions

Reduction or elimination of stamp duty fees for first home buyers. Varies by state and property value.

State-Specific

First Home Super Saver Scheme

Save for your first home inside your superannuation fund with tax benefits and withdraw for purchase.

Tax Benefits

Need Help with Grant Applications?

Our experts can help you identify and apply for all available grants and schemes to maximize your savings

Get Grant Assistance
Our Services

What We Offer

Comprehensive first home loans solutions tailored to your needs with expert guidance and competitive rates

First Home Owner Grant (FHOG) assistance

Professional guidance and support throughout your loan journey.

First Home Buyer Guarantee Scheme (FHBG)

Professional guidance and support throughout your loan journey.

Home Builder Grant support

Professional guidance and support throughout your loan journey.

Stamp Duty Concessions & Exemptions

Professional guidance and support throughout your loan journey.

First Home Super Saver Scheme (FHSSS)

Professional guidance and support throughout your loan journey.

5% to 10% deposit options

Professional guidance and support throughout your loan journey.

Streamlined pre-approval service

Professional guidance and support throughout your loan journey.

Access to 50+ lenders

Professional guidance and support throughout your loan journey.

Zero broker fees

Professional guidance and support throughout your loan journey.

Complete guidance from application to settlement

Professional guidance and support throughout your loan journey.

All services come with our satisfaction guarantee
Key Benefits

Why Choose RyRo for Your First Home Loan?

Experience the difference with our expert guidance and comprehensive support designed to help you achieve your financial goals

Expert First Home Buyer Guidance

We understand the unique challenges first-time buyers face and provide personalised guidance throughout your entire home buying journey.

Access to All Government Grants & Incentives

We help you access First Home Owner Grant (FHOG), First Home Buyer Guarantee Scheme (FHBG), Home Builder Grant, Stamp Duty Concessions, and First Home Super Saver Scheme.

Competitive Rates from 50+ Lenders

Compare rates from our extensive panel of lenders to find the most competitive loan options tailored for first home buyers.

Simplified Application Process

We handle all the paperwork and complex processes, making your first home purchase as smooth and stress-free as possible.

Ready to Experience These Benefits?

Join thousands of satisfied customers who have improved their financial situation with our expert guidance

Book Free Consultation
Our Process

Your First Home Loan Journey

Simple, transparent steps to get your first home loans approved with expert guidance every step of the way

1

Initial Consultation

We discuss your goals, budget, timeline, and help you understand the first home buying process and available grants.

2

Grant Eligibility Assessment

Review all available government grants and incentives to maximize your savings and reduce your deposit requirements.

3

Borrowing Power Assessment

Use our Borrowing Power Calculator to determine exactly how much you can borrow based on your income and expenses.

4

Pre-approval Process

Get pre-approved to know your exact borrowing capacity and shop for properties with confidence.

5

Property Search & Selection

Find your dream home knowing your budget limits and what you can afford with all available grants.

6

Loan Application & Settlement

We handle all the paperwork, submit your application, and coordinate settlement with grant applications.

Complete process typically takes 1-10 working days
Special First Home Buyer Offer

Get Your First Home with Just 5% Deposit

Take advantage of the Australian Government's 5% Deposit Scheme and buy your first home without paying Lenders Mortgage Insurance (LMI)

Why Choose the 5% Deposit Scheme?

Buy Sooner

Only 5% deposit needed instead of 20%

Save Thousands

No LMI payable under the scheme

No Income Caps

From 1 October 2025, no income restrictions

Higher Price Caps

Access to more properties in your budget

NSW Price Caps (From 1 Oct 2025)

Sydney/Regional Centres:$1,500,000
Other NSW:$800,000
Single Parents:Only 2% deposit required
FAQ

Frequently Asked Questions

Common questions about first home loans answered by our expert team

Q

How much money can I borrow for my first home?

A

While there is no definitive answer as everyone has different requirements, you can use our Borrowing Power Calculator for an accurate estimate. We recommend calling us on 1300 11 7976 for an absolute number based on your specific circumstances and financial situation.

Q

Which loan option would be the best for me as a first home buyer?

A

There are plenty of loan options in the market, and our mortgage brokers will ensure you get the one that is the best fit for your circumstances. We'll compare options from 50+ lenders to find your perfect match based on your income, deposit, and long-term goals.

Q

How much do I need for a deposit?

A

With government schemes, you may only need 5% deposit through the First Home Buyer Guarantee Scheme (FHBG). Typically, deposits range from 5% to 10% of a property's value. Contact us for personalised guidance based on your situation and available government incentives.

Q

What is the First Home Owners Grant (FHOG) and am I eligible?

A

FHOG is available to all Australian residents and citizens who are buying or building their first home. Conditions for this grant vary by state. Contact us to check your eligibility and learn about all available incentives that could save you thousands of dollars.

Q

What other government incentives are available for first home buyers?

A

There are several incentives including the First Home Buyer Guarantee Scheme (FHBG), Home Builder Grant, Stamp Duty Concessions, First Home Super Saver Scheme, and Regional First Home Owner Grant. We help you access all available benefits.

Q

Can I get a loan with just 5% deposit?

A

Yes, through the First Home Buyer Guarantee Scheme (FHBG), you can purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI). We can help you check your eligibility.

Still Have Questions?

Our expert team is here to help answer any questions you may have about first home loans

Sumit Joshi - Senior Loan Advisor

Sumit Joshi

Senior Loan Advisor & Director

Available Now
Fast Response
330+ Reviews
Comprehensive Loan Solutions Available
8+
Services
50+
Lenders
fast
Approval

We can't thank Sumit enough for helping us secure our first home - especially in such a tough and competitive market. He truly went above and beyond at every step of the process. From answering all our questions with patience to finding the best possible deal, his dedication and expertise made all the difference. We always felt supported and informed, and his commitment gave us confidence during a very stressful time. Thanks to him, we're now proud homeowners. Highly recommend to anyone looking for a mortgage broker who genuinely cares.

- Vandhana Naidu

What Our Customers Say

5 out of 5

Based on 331+ verified Google Reviews. Here's what our satisfied customers have to say about their experience with RyRo Loan Centre.

Vandhana Naidu

Google

"We can't thank Sumit enough for helping us secure our first home - especially in such a tough and competitive market. He truly went above and beyond a..."

Emi Lia

Google

"We had a great experience with Sumit and his team. We can't express enough how grateful we are to them, as they did a really splendid job! Helped us a..."

Rajnil Sharma

Google

"Working with Sumit Joshi & co was a fantastic experience. They were very professional, knowledgeable, and made the whole process stress-free. I apprec..."

SS

Google

"I had an absolutely outstanding experience with RyRo Loan Centre and I cannot thank Sumit enough for his incredible support throughout my investment l..."

Garima Sharma

Google

"Sumit made the entire property purchasing process smooth and stress-free. Always professional, responsive, and genuinely helpful, he went above and be..."

Info Nue Design Homes

Google

"Our experience with Sumit and his team was wonderful. They guided us from start to finish in a professional and unbiased manner. They are a team of hi..."

Gopichand Paladugu

Google

"It's been an amazing experience working with Sumit, he helped me through initial Mortgage loan and recently in refinancing my loan. He helped me in ev..."

Naga Seramsetty

Google

"As recent migrants from New Zealand, my wife and I were navigating the complex Australian property market for the first time, and we couldn't have ask..."

Andrew Napier

Google

"I had an amazing experience working with Sumit to secure a loan for my first home. From start to finish, he made the process smooth, stress-free, and ..."

Kamal Raqba

Google

"Sumit Joshi is our trusted mortgage broker, we have used his services for the last 8 years and he has always guided us in the right direction and prov..."

Adam Moffat

Google

"As first-time homebuyers, we were initially unsure about which mortgage broker to choose, and we had a few lined up to discuss our needs. Sumit at RyR..."

Yash Dharva

Google

"I had an outstanding experience working with Vijay Dhingra from RyRo loan centre from start to finish. They made the entire mortgage process smooth, s..."

Praneet Singh

Google

"Sumit and his team were super helpful throughout the entire loan approval process. Always prompt with responses and super convenient to deal with if I..."

Sudhir Sehgal

Google

"First of all heartiest thanks Sumit for making our journey to get loan approval so smooth and in really very comfort zone, since I am in Australia I h..."

Chloe Martirena

Google

"I had an amazing experience working with Sumit while buying my first home! From the very beginning, he was incredibly responsive and always made time ..."

Suvidha Horn

Google

"Thank you so much Sumit, Dean, Kathryn and the team at RyRo. You guys have been excellent and thorough professionals. Highly recommended for any home ..."

Alex

Google

"Sumit and team gave as an amazing experience, even after we decided to back out of our first purchase , I reached out to Sumit a year or two later, he..."

Jay Patel

Google

"I had an exceptional experience with RyRo Loan Centre, and I wholeheartedly recommend their services. Sumit and his team were not only highly knowledg..."

Manjit Kaur

Google

"I had an amazing experience with Sumit! The whole process was smooth, professional, and stress-free. He was incredibly helpful every step of the way, ..."

Tyler Howard

Google

"I can't recommend Sumit enough! As a first-time home buyer, I was nervous about the whole process, but he made everything so easy and straightforward...."

Trusted by331+verified customers with5/5average rating on Google
RyRo office background
Sumit Joshi - Senior Loan Advisor

We can't thank Sumit enough for helping us secure our first home - especially in such a tough and competitive market. He truly went above and beyond at every step of the process. From answering all our questions with patience to finding the best possible deal, his dedication and expertise made all the difference. We always felt supported and informed, and his commitment gave us confidence during a very stressful time. Thanks to him, we're now proud homeowners. Highly recommend to anyone looking for a mortgage broker who genuinely cares.

VN

Vandhana Naidu

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Ready to Secure Your Financial Future?

Join 2000+ Australian families who've achieved their property dreams with RyRo Loan Centre. Get expert guidance and access to the best loan products.

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330+ Google reviews
12+ Years Experience
No Broker Fees Ever
Free Initial Consultation
Personalised Loan Strategy
No Hidden Fees
Dedicated Support Team

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Phone

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