First Home
Open the door to your first home
Buying your first home can be stressful and challenging. You may not be aware that as a doctor you can receive up to 95% loan-to-value ratio (LVR) and avoid lenders mortgage insurance (LMI)*. An Avant finance specialist can help simplify the home buying process and will be with you every step of the way.
Access an Avant Property Report
Avant Property Reports# generated by CoreLogic contain data used by real estate agents and banks and provide insight into:
• A property’s estimated sale value
• Suburb growth
• Demographics
• School catchment zones
• Comparable properties on the market
Doctors don’t have time or money to waste on a property that doesn’t suit their needs. Use the Avant Property Report platform to gain full transparency of the property and access information stored behind the closed door.
How to use a smaller deposit to purchase your first home
Avant helps doctors purchase a home with a deposit as low as 5% without paying lenders mortgage insurance (LMI)*. For example, if you were purchasing a $700,000 property, most banks would require a 20% deposit ($140,000 in savings) to avoid LMI. However, with the assistance of Avant, doctors could purchase the same property with a 5% deposit ($35,000) and avoid LMI*. A smaller deposit provides you with the opportunity to get on the property ladder sooner.
When you are ready to start looking at properties, speak with an Avant finance specialist for a free consultation, and use the Avant Property Report# generator provided by CoreLogic for transparent information regarding your next purchase.
Use lenders who will consider 100% of your overtime
Most banks ‘shade’ overtime and on-call time, which simply means they discount the amount of this type of income when calculating the ability to service a loan. These extra hours can make up a good portion of some doctors’ overall income. This can often limit a doctor’s borrowing potential and the value of the assets they can secure funding for.
Doctors can maximise their borrowing capacity by using lenders who will consider 100% of their income.
An Avant finance specialist can help determine your borrowing capacity and support you through the entire purchase process.
Speak with a specialist
Like with all decisions, gaining as much insight and knowledge as possible is the key to making the right choice. Avant finance specialists have a wealth of knowledge regarding home purchases and the loan application process.
They will assist you with:
• The buying process
• Borrowing capacity and pre-approval
• Property reports inclusive of the estimated sale value
• Government grants
Access an Avant Property Report
Avant Property Reports# generated by CoreLogic contain data used by real estate agents and banks and provide insight into:
• A property’s estimated sale value
• Suburb growth
• Demographics
• School catchment zones
• Comparable properties on the market
Doctors don’t have time or money to waste on a property that doesn’t suit their needs. Use the Avant Property Report platform to gain full transparency of the property and access information stored behind the closed door.
How to use a smaller deposit to purchase your first home
Avant helps doctors purchase a home with a deposit as low as 5% without paying lenders mortgage insurance (LMI)*. For example, if you were purchasing a $700,000 property, most banks would require a 20% deposit ($140,000 in savings) to avoid LMI. However, with the assistance of Avant, doctors could purchase the same property with a 5% deposit ($35,000) and avoid LMI*. A smaller deposit provides you with the opportunity to get on the property ladder sooner.
When you are ready to start looking at properties, speak with an Avant finance specialist for a free consultation, and use the Avant Property Report# generator provided by CoreLogic for transparent information regarding your next purchase.
Use lenders who will consider 100% of your overtime
Most banks ‘shade’ overtime and on-call time, which simply means they discount the amount of this type of income when calculating the ability to service a loan. These extra hours can make up a good portion of some doctors’ overall income. This can often limit a doctor’s borrowing potential and the value of the assets they can secure funding for.
Doctors can maximise their borrowing capacity by using lenders who will consider 100% of their income.
An Avant finance specialist can help determine your borrowing capacity and support you through the entire purchase process.
Speak with a specialist
Like with all decisions, gaining as much insight and knowledge as possible is the key to making the right choice. Avant finance specialists have a wealth of knowledge regarding home purchases and the loan application process.
They will assist you with:
• The buying process
• Borrowing capacity and pre-approval
• Property reports inclusive of the estimated sale value
• Government grants
Gain a client’s perspective
Discover what it’s like to have a dedicated Avant finance specialist on your side.
When I originally was looking to purchase our first home, I had so much difficulty getting a loan. We had been to so many banks, that I felt like I was scouting everywhere. Then I met Jesse – within one month, he had it all sorted out.
Obstetrician & Gynaecologist, NSW
Why Avant Experience a level of personalised service, advice and care that places your financial needs and aspirations at the centre of everything.
Ready to know more? Get in touch to find out how we can help you achieve your home loan goals
Send us an enquiryTalk to a finance specialist today
1300 99 22 08You don’t feel like you’re just dealing with some institution – it’s a very personal, individualised approach.
Consultant Obstetrician
Frequently Asked Questions
The amount you can borrow, also known as your borrowing capacity or borrowing power, is based on your unique financial circumstances. Your income, assets, liabilities and credit history can all affect your borrowing power.
Avant finance specialists are well versed in doctor’s unique earnings, complex financial structures and other circumstances that make financing through many banks challenging. They have access to products and lending partners that specialise in lending for doctors.
This is very much dependent on which bank you decide on. You should be able to get an indication of borrowing capacity within a few days.
The deposit required depends largely on the type of home loan and lender. As a general rule, if you are an owner-occupier, you’ll require 5-10% of the purchase price as a deposit. If you are an investor, you’ll ideally require 10% of the purchase price, although it’s possible to purchase with less.
This is a one-off payment which varies by state or territory (from $7,000 up to $26,000) to assist eligible first home owners with purchase or construction costs. You can speak with a finance specialist to find out if you are eligible.
State government stamp duty is around 3-6% of a property’s selling price. Each state or territory has different rules and calculations. Some offer discounts or exemptions to first home buyers.
No, Avant property reports are free of charge. To obtain a property report, simply provide your details on the relevant form and then you will be emailed the requested information.
No, you can request as many property reports as required.
The authors behind the property reports are CoreLogic. They are Australia’s leading provider of the very latest, accurate and powerful property insights and analytics.
The amount you can borrow, also known as your borrowing capacity or borrowing power, is based on your unique financial circumstances. Your income, assets, liabilities and credit history can all affect your borrowing power.
Avant finance specialists are well versed in doctor’s unique earnings, complex financial structures and other circumstances that make financing through many banks challenging. They have access to products and lending partners that specialise in lending for doctors.
This is very much dependent on which bank you decide on. You should be able to get an indication of borrowing capacity within a few days.
The deposit required depends largely on the type of home loan and lender. As a general rule, if you are an owner-occupier, you’ll require 5-10% of the purchase price as a deposit. If you are an investor, you’ll ideally require 10% of the purchase price, although it’s possible to purchase with less.
This is a one-off payment which varies by state or territory (from $7,000 up to $26,000) to assist eligible first home owners with purchase or construction costs. You can speak with a finance specialist to find out if you are eligible.
State government stamp duty is around 3-6% of a property’s selling price. Each state or territory has different rules and calculations. Some offer discounts or exemptions to first home buyers.
No, Avant property reports are free of charge. To obtain a property report, simply provide your details on the relevant form and then you will be emailed the requested information.
No, you can request as many property reports as required.
The authors behind the property reports are CoreLogic. They are Australia’s leading provider of the very latest, accurate and powerful property insights and analytics.
We challenge convention.
We surprise our clients.
We are never ordinary.
Talk to a finance specialist today
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Testimonials
I was being laughed out of the bank by the managers. They said 'come back in ten years time when you’re qualified...' Penny took away the difficulties associated with dealing with the banks, that really enabled us to buy our first house.
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