What is a FINANCE BROKER?
A finance broker is your go-to person for all things loan-related when you’re planning to build a home. They’re experts at navigating the maze of lenders, loan types and interest rates so you don’t have to. Instead of you knocking on every bank’s door, a broker pulls together the best options from a wide range of lenders, helps you compare them, and lodges applications on your behalf — all with your goals and budget front of mind.
For people building a home, that hands-on support is really valuable. A broker knows which lenders are more comfortable with construction loans and staged draws, what documentation you’ll need, and how to position your application to improve your chances. They take the stress out of the finance side of building, help you avoid common pitfalls, and can literally save you time and money over the life of your loan.
Oui Finance
Maddison is the finance guru we trust with all of our clients’ lending needs. As a broker at Oui Finance, she specialises in construction home loans and works closely with the Mr Enthusiast team to make sure the finance side of building a home is as smooth and stress-free as possible.
Entering the finance industry in 2018 at a young age, Maddison quickly made her mark in a male-dominated field with her fresh perspective, drive, and go-getter attitude.
For her, finance isn’t just about numbers — it’s about people. She’s passionate about building genuine connections, understanding each client’s unique goals, and providing clear, honest communication every step of the way.
Whether she’s guiding a first-home buyer through their very first purchase, helping an investor secure their next property, or simply checking in to see how things are going, Maddison’s focus is always on creating a positive experience where clients feel informed, supported, and confident.
Her expertise, independence from lenders, and commitment to getting the best possible outcome make Maddison an invaluable part of the Mr Enthusiast journey — and someone our clients are always glad to have in their corner.
Free FINANCE CHECK
If you’re thinking about building a home, the very first step isn’t picking a design or a block of land — it’s understanding your numbers.
Our first appointment booking includes a Free Finance Check and helps you get clear on what’s possible, based on your actual budget and goals. We work with trusted finance brokers and use that information to guide the whole picture — finance, land options, and home designs — so everything stacks up.
Through the session, we’ll help you understand:
No pressure. No assumptions. Just honest guidance so you can move forward with confidence.
If owning your own home is on your radar, this is the best place to start.
Book your first appointment and free finance check and let’s map it out properly.
FINANCE OPTIONS
First Home Owners Grant
The First Home Owner Grant (FHOG) is a one-off government payment designed to help first home buyers build or purchase a brand-new home they’ll live in as their primary place of residence.
If you’re eligible, the grant provides $10,000 to put towards your home. The money goes directly towards your build or purchase, helping reduce the deposit you need upfront. It isn’t paid to you in cash, and is typically applied at slab down or settlement, depending on your lender.
First Home Guarantee
Thanks to recent updates to the First Home Guarantee, buying your first home may be possible with as little as a 5% deposit, without paying Lenders Mortgage Insurance (LMI). For many first home buyers, this can be a major step forward — helping you get into the market sooner and save thousands along the way.
Here’s how the scheme works and what’s changed:
Keystart Finance
If saving a traditional house deposit feels out of reach, Keystart could be a smart way forward. It’s a Western Australian government initiative designed to help everyday home buyers enter the market sooner, with lower upfront costs than most major banks.
Keystart offers home loans for people who may struggle to save a standard bank deposit, making it possible to buy or build a home with as little as a 2% deposit. You can use a Keystart loan to build a new home or buy an established property.
Construction Loans
Construction loans are designed specifically for building a home, and they work a little differently to a standard home loan. Instead of receiving the full loan amount upfront, the funds are released in stages as your build progresses. These stages usually line up with key milestones, such as slab down, brickwork, roof cover and completion.
During the construction phase, these loans often operate on a variable interest rate, and you often only pay interest on the amount that has been drawn down so far, not the full loan amount. This can help manage cash flow while your home is being built.
Stamp Duty Concessions
What is stamp duty?
It’s a government tax you usually pay when buying property or land, and it can add up quickly. The good news is, if you’re a first home buyer in Western Australia, you may not need to pay it at all.
That can mean zero stamp duty on eligible properties, saving you tens of thousands of dollars from day one.
This exemption is one of the biggest financial advantages available to WA first home buyers. We make sure it doesn’t get overlooked. Our finance team works alongside you to check your eligibility, explain how it all works, and build that saving into your overall budget — so you can move forward sooner and with more confidence.
Family Home Guarantee
If you’re raising a family on your own and working towards a place to call home, the Family Home Guarantee can be a genuine helping hand. It’s a federal government scheme designed to support single parents who are entering or re-entering the property market — whether it’s your first home or your second.
Through this scheme, eligible single parents can purchase a home with as little as a 2% deposit, while avoiding Lenders Mortgage Insurance (LMI). The government guarantees up to 15% of the property’s value, which is what allows the reduced deposit and removes the need for LMI. For many families, that can mean a substantial saving and a much faster path to home ownership.
Deposit Options
Also known as no savings home loans. Here’s a bit of a run down:
In some situations, a bank may approve a home loan with a 0% deposit, provided certain criteria are met. This usually involves extra support behind the scenes, rather than you needing to save the full deposit yourself.
One option is having a family member act as a guarantor. If your parents or a close family member have a substantial amount of equity in their own home, they may be able to use that equity to support your loan. This can help you get into your own home sooner and, in many cases, avoid paying Lenders Mortgage Insurance (LMI), which is typically required when deposits are under 20%.
Another option is using gifted funds and/or inheritance. If you’ve received a monetary gift from your parents or family to cover your deposit, this can also be used to support your loan, as long as it meets lender requirements.
These pathways aren’t right for everyone, and they do involve careful consideration for everyone involved. We’ll help you understand how guarantor arrangements and gifted funds work, and whether a 0% deposit option makes sense for your situation.
Find out more
Each of these government incentives are designed to make buying your first home more accessible and more affordable, often saving you thousands (if not tens of thousands) of dollars.
While the incentives are limited and subject to change, we work with you to identify what’s best for your unique situation, and then move quickly to secure it.
To find out what you’re eligible for – enquire today.
