Applying for a first home buyer's loan typically involves a few key steps. Firstly, you'll need to work out how much you can afford to borrow. This can be done using online calculators or by speaking with a mortgage broker, such as Rapid Finance who specialises in first home buyer loans. Next, you'll need to save for a deposit, if you haven't done so already. The deposit required can vary, but typically it is around 20% of the property's value, although we have access to mortgage products for low deposit home loans. Finally, you'll need to apply for the loan. When applying through Rapid Finance, we can assist you with every step of the application process and limit the number of hard checks on your credit file, so that your credit file is protected.