Why choose NAB to buy your first home?

Help to buy your first home sooner

The Government's First Home Loan Deposit Scheme (FHLDS) allows first-time buyers to put down a deposit as little as 5%, to help buy a home sooner.

Learn more about the FHLDS

First Home Buyer Specials

When you choose NAB to help buy your first home, you get access to a number of special offers and discounts.

Check out our home loan offers

Support at every step

Purchasing your first home can be daunting. That's why our team of branch lending experts, mobile and phone bankers are here to guide and support you through the whole process.

Speak to a NAB banker

Home Loan Offers

First home buyer 33% LMI discount1

If you can meet the normal lending criteria, but you can’t manage to save the 20% home loan deposit, Lenders’ Mortgage Insurance (LMI) can help you get the loan and buy the house you want.

From 1 January 2020, NAB will be offering first home buyer customers a 33% discount off the LMI premium with their NAB home loan, saving the average first home buyer around $2,2001*.

See ‘more information’ for terms and conditions1

Enquire now Learn more

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Prepare with our tools and guides

How much can I borrow

Our borrowing calculator can give you an estimate of how much you could afford and what your repayments would be.

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Property insights

Find out what a property is worth, with our free Property Insights Report.

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Lenders Mortgage Insurance

Understand how Lenders Mortgage Insurance (LMI) can help you get into your dream home faster.

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Buying your first home

There’s a lot to consider, so here are some tips and tools to help you get started.

Find out more

Ready to get started?

Book an appointment with your NAB banker to discuss your options.

Tips to get you started

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Searching for your first home

Some tips to help get you started on your search.
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Applying for home loan conditional approval

The process for getting conditional approval for your mortgage.
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Tips to help save for a home deposit

Tips to help you save a deposit for a home loan.

Important information

1Lenders Mortgage Insurance 33% discount

  • All borrowers must be first home, owner occupier buyers and identified as a First Home Buyer by the Banker/Broker in the customer’s Home Loan Application form (First Home Buyer criteria should be applied as per current process).
  • Maximum loan size of $1.2m applies
  • Eligibility criteria for construction loans:
    • Construction of an owner occupied residential property for first home buyers.
    • Additional or top up loans are ineligible for FHB LMI discount unless part of a house land construction package.
    • Vacant land is only acceptable as part of house and land construction package
  • All applications will have the LMI discount automatically applied if unconditional approval occurs on or after 1 January 2020.
  • We may withdraw the LMI discount offer at any time. Inflight applications submitted prior to the offer end date will receive the LMI discount.

* Projected average LMI premium savings for a NAB first home buyer purchasing a $390,000 home with a 10% deposit (Principal & Interest/Owner Occupier).

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