Buying your first home | Home Loans | Heritage Bank

Buying your first home

There's lots involved in buying your first home and it can be an exciting yet overwhelming time. Let's help you get started by calculating what your repayments and interest rate could look like with Heritage Bank. On this page you'll also find some helpful information to support you in buying your first home.

Up to $4,000 cashbackon eligible home loans


For loans refinanced to Heritage with ≤80% LVR OR new loans with LMI.

For owner occupied and investment home loans.

Paid into your Heritage transaction account.

ⓘ Apply by 31 May and settle by 31 July 2022. T&C's apply. Click for full T&C's and FAQ's.
Find out how we can help you

Try our home loan calculator below to see which one home loan products might suit you. We have a variety of variable and fixed Loans available. Once you've used the calculator, get in touch with our local Lending Specialists who can help you make the right choice. We can also help you with the First Home Owner Grant in your state.

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By paying $loanFrequency_lyname instead of monthly, you could save $heritageRepayments_totalSaved & $heritageRepayments_yearsSaved over the life of your loan.

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Comparison rate

Indicative repayment amount only. Your credit contract will state a monthly repayment figure. You may make payments as frequently as you choose within each month to pay the monthly amount due.

Apply by 31 May 2022 and pay no application fee.

Save up to $600!#

The Home Loan Application Process 

The application process starts with your first appointment with a Heritage Bank Lending Specialist. You can choose to have your appointment with us face to face, over the phone or by a video call. We’ll chat about our home loan products and discuss your financial situation to get you prepared for buying your first home.
If you’re ready to apply, your Lending Specialist will step you through the submission of your application, loan assessment and contract signing, then settlement. Learn more about the home loan application process or get in touch with us today.

Customer Owned Banking you can bank on.

Established in 1875, and with more than $11 billion in assets, Heritage is one of Australia's largest Customer Owned Banks.

Other ways we can help you

Our First Home Buyer Help Hub

Our First Home Buyer Help Hub gives you access to the right tools and support to help with your home buying journey. The help hub includes information on First Home Owner Grants, common home loan jargon explained and what to do if your loan is not approved. 

First Home Buyer Help Hub

Buying land and build loans

If you’re looking to purchase vacant land or build a new home rather than purchase an established property, we have options that may be suitable.

Construction Loans are different from a regular home loan because the funds are paid gradually to your builder as progress payments. While your property is getting built, your repayments are set as interest only to help you manage your budget.

Simply let us know of your plans to build when you apply for a home loan and we'll help you through the process.

Seeking pre-approval

What if my application gets knocked back?

It can be disheartening to find out a loan for your first home is not approved. Visit our First Home Buyer Help Hub for more information on what to do if this happens. It covers considerations such as having a family member act as guarantor for you via our Family Guarantee option, and outlines how we can help you manage your budget to keep your home buying journey moving forward.