First Home Loans

Buying your first home is an exciting time - but it can also be complicated - our job is to make it easy for you.

Your first home loan journey starts here

Getting into the property market is indeed one of the biggest financial decisions you'll ever make, and we understand it can feel overwhelming. From deciphering confusing contracts and jargon-filled paperwork to navigating inspections and ultimately, sealing the deal – Ferns Finance is here to give it to you straight. No nonsense, just clear, honest guidance.

Just like the unique homes on your wishlist across Beenleigh, Logan, Scenic Rim, and Gold Coast, no two first home loans are the same. That's where Gwen, your experienced finance broker, steps in. With over 14 years of expertise and a genuine passion for first-time homeowners, Gwen will work with you step-by-step to make sense of the complexities. We'll leverage our access to over 60 banks and lenders to meticulously compare options and find the perfect loan that's truly suited to your first home and financial goals.‍

Let us take the stress on, so you can focus on the excitement of owning your first home. It's an honour to be part of your journey.

Our simple path to your first home.

Buying your first home can seem daunting, but we're here to guide you every step of the way. Here's how we'll work together to make your dream a reality:

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1

Your First Step: Let's Chat!

It all begins with a quick, easy chat – just about a minute! We'll ask a few simple questions to understand your goals, then we can meet up, in person or online, to discuss your options and what comes next.

2

Finding Your Perfect Loan (No Stress!)

Once we know what you're looking for, we'll do all the legwork. We'll compare options from 60 different banks and lenders to find the home loan recommendations that are truly the best fit for your unique needs as a first home buyer.

3

Getting Everything Ready (The Paperwork Made Easy)

Found a lender you like? Great! Now we'll handle all the paperwork for you. We'll help you sign and lodge all your documents, getting you primed and ready for that all-important pre-approval.

4

How Much Can You Actually Borrow? (The Exciting Part!)

Once your pre-approval gets the green light, you'll know exactly how much you can borrow. This amount is valid for three months, giving you a clear idea of your budget and the confidence to start house hunting!

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5

Sealing the Deal (Your Offer Accepted!)

After the exciting journey of finding your perfect place and getting your offer accepted, it's time to celebrate! While you pop the champagne, we'll diligently track your application to make sure everything progresses smoothly towards settlement.

6

Settlement Day! (Your Keys to Your First Home!)

Get ready for the big day – it's settlement time! Sit back, relax, and soak in the moment. We'll keep you updated as everything is finalised and your lender releases the funds, putting the keys to your first home in your hand!

Explore your loan options & their features.

There are a number of loan types available to you; variable rates, fixed rates, guarantor loans and more, scroll through some of the options below to get a better understanding of what the differences are. We’re here to answer your questions when you’re ready.

Variable rate loan

As the name suggests, the interest rate can change over the life of the loan. This gives you flexibility, but can also leave you open to rate rises. These loans offer more flexible features like unlimited additional repayments, redraw, and offset accounts.

Fixed rate loan

Basically, this is the opposite of a variable rate loan. Your interest rate and repayments will stay the same during the fixed term, no matter what. So no surprises.

Split Loan

You’re able to fix part of your loan, while leaving the rest variable.

Packaged Loan

Professional packages offer discounts on standard variable and fixed rates, the waiving of fees, and in some cases, great deals on other products from the same lender. A packaged loan usually comes with one annual fee for the bundled products.

Introductory Rate Loan

Also known as ‘honeymoon’ loans, these offer a low interest rate for a short period (eg. a year), after which the rate moves to the standard variable rate.

Interest Only Loans

As the name suggests, you only pay the interest on the principal balance for a set term, with the principal balance unchanged.

Guarantor Home Loans

A guarantor uses the equity they’ve built up in an existing property to help you purchase your property sooner. Guarantors could be your parents, parent-in-law or a step parent or grandparents.

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Helpful calculators.

Explore your financial possibilities and understand potential costs with these handy calculators.

Borrowing Calculator

Use the calculator to find out how much you could borrow.

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Budget Planner Calculator

Use this budget planner to help understand your income and expenses, and where you could make savings.

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Extra Mortgage Repayments Calculator

You could potentially save thousands of dollars and take years off your loan by making extra repayments. Let’s run the numbers.

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Honeymoon Rate Loan Calculator

A honeymoon loan can help reduce your monthly repayments for a set term. Use this calculator to compare what your repayments would be compared to a variable loan.

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Income Tax Calculator

The income tax calculator can be used to calculate your net income.

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Loan Repayment Calculator

Use this repayment calculator to understand how much your loan repayments might be.

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Lump Sum Repayment Calculator

This home loan repayment calculator helps you calculate the savings benefits of making additional lump sum repayments on your home loan.

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Mortgage Offset Calculator

Use the calculator to see how quickly you could pay off your loan with an offset account.

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Savings Planner Calculator

Use the calculator to find out how much you could save.

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Stamp Duty Calculator

Find out how much budget you need to set aside to cover Stamp Duty costs and what the requirements are in your state or territory.

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Frequently asked questions.

View our full FAQs
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Are finance brokers regulated?

Yes, finance brokers are regulated to ensure they operate fairly and transparently. In many countries, brokers must be licensed and adhere to specific industry standards. This regulation helps protect consumers by ensuring that brokers act in their clients' best interests and provide accurate information.

Before working with a broker, it's advisable to verify their credentials and ensure they are compliant with local regulations.

Are there differences in borrowing power between Brisbane and Gold Coast properties?

Yes — location affects property values and lender risk profiles. We’ll assess your borrowing capacity based on the exact suburb you’re targeting.

Are there loans for building or renovating in Tamborine?

Yes, we can help with construction loans or renovation-specific personal loans. Even if you’re just upgrading a shed or adding a studio — we can find options.

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Can I get a loan for an acreage or hobby farm in Tamborine?

Yes, but some lenders treat acreage differently — especially if there’s agricultural use. We’ll help you navigate those niche requirements.

Can I still get a home loan in Logan with a low deposit?

Yes! There are low-deposit options available, including First Home Guarantee schemes and lender-specific products. Ferns Finance Brokers can help you find the best fit based on your situation.

Can a finance broker help with bad credit?

Yes, finance brokers can assist clients with bad credit. They have access to lenders who specialize in offering loans to individuals with less-than-perfect credit histories. Brokers can help you understand your options and find a lender willing to work with your situation.

While securing a loan with bad credit may come with higher interest rates, a broker can help you navigate these challenges and find the best possible terms.

Can you help me refinance my current mortgage to a better deal?

Absolutely. We offer free assessments to compare your current rate with what’s available — and if there’s a better option, we’ll make it easy to switch.

Do I have to come into an office to apply?

Not at all! We offer phone, video, and online appointments — perfect if you're in a rural spot or juggling a busy schedule.

Do I need a finance broker?

Whether you need a finance broker depends on your financial situation and comfort level with the borrowing process. If you have a good understanding of financial products and feel confident negotiating with lenders, you may not need a broker. However, if you're unfamiliar with the process or have specific needs, a broker can provide valuable assistance.

Ultimately, the decision should be based on your individual circumstances and preferences.

Do you help with house and land packages in new developments around Logan or Yarrabilba?

Definitely. We often work with clients purchasing in estates like Yarrabilba, Flagstone, or Ripley Valley. We can guide you through finance stages tied to construction.

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Do you work with local real estate agents and conveyancers?

Yes — we have a strong local network and can connect you with trusted professionals to make the process smooth.

How do finance brokers get paid?

Finance brokers typically earn their income through commissions paid by lenders when a loan is successfully arranged. This means that their services are often free for clients, as the lender covers the broker's fees. However, some brokers may charge a fee directly to clients for their services, especially if they provide additional consulting or financial planning.

It's important for clients to clarify the payment structure with their broker upfront to avoid any surprises later in the process.

How do first time buyers get a home loan in Logan?

Getting your first home loan in Logan is totally achievable — and we’re here to guide you every step of the way.

Here’s how it works:

  1. Check your borrowing power:
    We’ll help you understand how much you can borrow based on your income, savings, and any existing debts.
  2. Explore government support:
    As a first-home buyer in Queensland, you may be eligible for the First Home Owner Grant (currently $30,000 for new builds) and stamp duty concessions, which can save you thousands.
  3. Understand your deposit options:
    You don’t always need a 20% deposit. We work with lenders who accept lower deposits (as little as 5%) — and some government schemes can even help you avoid Lenders Mortgage Insurance (LMI).
  4. Get a pre-approval:
    This gives you a clear budget and strengthens your offer when house-hunting in Logan’s competitive market.
  5. Choose a loan that fits your future:
    We’ll compare dozens of loans from banks and lenders to find one that suits your lifestyle — fixed, variable, offset, redraw… we explain it all in plain English.
  6. Support from offer to settlement:
    Once you find a place you love, we’ll help with all the paperwork and liaise with your solicitor and real estate agent to get you over the line.

Want to see what you’re eligible for?
Book a free chat with us and we’ll walk you through your options — even if you’re just starting to plan!

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How long does approval usually take in Logan or Gold Coast?

Depending on the lender, approvals can take 2–10 business days. We’ll prep your application to reduce delays.

How to choose a finance broker?

Choosing a finance broker involves several key considerations:

  • Experience: Look for brokers with a proven track record in the industry.
  • Reputation: Research reviews and testimonials from previous clients to gauge their reliability.
  • Services Offered: Ensure the broker provides the specific services you need, whether it's mortgages, personal loans, or business financing.

Taking the time to choose the right broker can lead to a more successful borrowing experience.

What are the benefits of using a finance broker?

Using a finance broker offers several benefits, including:

  • Access to Multiple Lenders: Brokers have relationships with various lenders, giving clients access to a wider range of financial products.
  • Expertise: Brokers are knowledgeable about the finance industry and can provide valuable advice tailored to individual circumstances.
  • Time-Saving: Brokers handle the paperwork and negotiations, saving clients time and effort.

Overall, finance brokers can simplify the borrowing process and help clients make informed decisions.

What documents do I need for a finance broker?

When working with a finance broker, you'll typically need to provide several documents, including:

  • Proof of Identity: A government-issued ID, such as a passport or driver's license.
  • Income Verification: Recent pay stubs or tax returns to demonstrate your financial stability.
  • Credit History: Brokers may request your credit report to assess your borrowing eligibility.

Having these documents ready can streamline the process and help your broker find suitable options for you.

What government grants are available for first-home buyers in Queensland?

As of now, eligible first-home buyers in QLD can access the First Home Owner Grant and possibly stamp duty concessions. We’ll check your eligibility and help with the paperwork.

What if the property I want is on a septic tank or rainwater system?

That’s common in semi-rural areas. Some lenders ask for extra inspections or insurance, but we know who’s flexible with these property types.

What is a finance broker?

A finance broker is a professional who acts as an intermediary between clients and lenders. They help individuals and businesses secure loans, mortgages, and other financial products. By leveraging their knowledge of the market, finance brokers can find the best deals tailored to their clients' needs.

Finance brokers are particularly useful for those who may not have the time or expertise to navigate the complex world of finance on their own. They provide valuable insights and guidance throughout the borrowing process.

What is the process of working with a finance broker?

The process of working with a finance broker typically involves the following steps:

  1. Initial Consultation: Discuss your financial needs and goals with the broker.
  2. Document Submission: Provide necessary documents for assessment.
  3. Loan Options: The broker will present suitable loan options based on your profile.
  4. Application Process: The broker will assist you in completing the application and submitting it to the lender.

This structured approach ensures that you receive personalised service throughout the borrowing process.

What should I ask my finance broker?

When meeting with a finance broker, consider asking the following questions:

  • What lenders do you work with? Understanding their network can help you gauge your options.
  • What fees do you charge? Clarifying costs upfront can prevent misunderstandings.
  • How will you communicate with me? Establishing communication preferences can enhance your experience.

Asking the right questions can lead to a more productive relationship with your broker.

Talk to us today about your options.

Talk to us today about your options. Whether you're in Beenleigh, Logan, Scenic Rim, or on the Gold Coast, Gwen @ Ferns Finance is ready to provide expert, straightforward advice.

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