
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.
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)
First-Home Specialist
Expert guidance through the scheme
First Home Loans Solutions
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.
First Home Buyer Guarantee Scheme (FHBG)
Purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).
Family Home Guarantee
For single parents and legal guardians - purchase with as little as 2% deposit without LMI.
Regional First Home Buyer Guarantee
5% deposit for regional properties. Must have lived in regional area for 12 months.
Stamp Duty Concessions
Reduction or elimination of stamp duty fees for first home buyers. Varies by state and property value.
First Home Super Saver Scheme
Save for your first home inside your superannuation fund with tax benefits and withdraw for purchase.
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 AssistanceWhat 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.
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 ConsultationYour First Home Loan Journey
Simple, transparent steps to get your first home loans approved with expert guidance every step of the way
Initial Consultation
We discuss your goals, budget, timeline, and help you understand the first home buying process and available grants.
Grant Eligibility Assessment
Review all available government grants and incentives to maximize your savings and reduce your deposit requirements.
Borrowing Power Assessment
Use our Borrowing Power Calculator to determine exactly how much you can borrow based on your income and expenses.
Pre-approval Process
Get pre-approved to know your exact borrowing capacity and shop for properties with confidence.
Property Search & Selection
Find your dream home knowing your budget limits and what you can afford with all available grants.
Loan Application & Settlement
We handle all the paperwork, submit your application, and coordinate settlement with grant applications.
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)
Frequently Asked Questions
Common questions about first home loans answered by our expert team
How much money can I borrow for my first home?
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.
Which loan option would be the best for me as a first home buyer?
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.
How much do I need for a deposit?
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.
What is the First Home Owners Grant (FHOG) and am I eligible?
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.
What other government incentives are available for first home buyers?
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.
Can I get a loan with just 5% deposit?
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 & Director
“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
Based on 331+ verified Google Reviews. Here's what our satisfied customers have to say about their experience with RyRo Loan Centre.
Vandhana Naidu
"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
"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
"Working with Sumit Joshi & co was a fantastic experience. They were very professional, knowledgeable, and made the whole process stress-free. I apprec..."
SS
"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
"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
"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
"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
"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
"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
"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
"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
"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
"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
"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
"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
"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
"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
"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
"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
"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...."


“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
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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