first home loan Wollongong
Welcome to Wollongong's first home loan
experts.
SimpleFin are Wollongong first home loan experts, helping locals across all of wider Illawarra get stress-free loans. Simply get in touch to discuss your first home loan goals.
We had a great experience with Greg from SimpleFin regarding what to do with our home loan, the funds we had in offset and how we could look to invest for our future. We would have set our home loans up all wrong if it wasn't for Greg. Highly recommend working with him, it was great!." ⭐⭐⭐⭐⭐
first home loan Mortgage Brokers that care
We help you find better first home loan options.
Your first home or your fifth, SimpleFin help make Wollongong home loans and financing simple. With access to 60+ leading lenders, no pushy sales, no confusing lingo, just local finance experts that find real options that works for you.
Greg began his broking career in 2014 at a boutique mortgage brokerage on Sydney’s Northern Beaches, quickly mastering the ever-changing lending landscape. In 2016, he joined NAB as an in-house mortgage broker, working with MLC (now IOOF/Insignia) Financial Planners, where his strong relationships and client-first approach led to rapid success.
From 2017 to 2024, Greg held key roles at PLAN, Choice, FAST, and Loan Market, ultimately serving as State Manager under Loan Market’s new private ownership.
Now, as a proud Wollongong local with a young family, Greg is dedicated to helping Wollongong locals achieve their financial dreams through home ownership and wealth creation.
1. Local first home loan experts.
Every question you have, no matter how big or small, gets a straight answer from the same person every time. You’ll always know exactly where you & your loan stands.
2. Jargon-free advice.
Home loans come wrapped in language most people don't use. LVR, LMI, comparison rates, serviceability. We cut through the noise and explain everything simply & practically.
3. Sharper rates.
With 60+ lenders on our panel, we can negotiate better terms for our first home loan clients. For example, clients who refinanced with us last year saved over $400 a month.
We compare 60+ lenders to find a first home loan solution that works for you.
We work with Australia’s leading banks and non-bank lenders, giving you more options, better rates, and loans tailored to your exact needs. No bias, just what works best for you.

BROADBEACH MORTGAGE BROKER REViews
“We couldn’t be happier with the service we received from Greg at SimpleFin. We went to him with quite a complicated financial arrangement, and he made the whole process feel so much easier and more manageable. He was incredibly helpful and genuinely cared about getting the best outcome for us. We’re so grateful for his guidance and highly recommend him to anyone. Thanks again Greg!"
Annelie Watt
June 2026
★★★★★
Contact our first home loan expertS
Chat to our first home loan experts today.
We've been helping Wollongong home buyers, investors and families since 2014, with first home loan
advice that works for you - not the bank.
Get in touch.
We'll reply the same way you contacted me, unless you say otherwise.
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FAQs.
A Wollongong first home loan
should be simple, transparent and tailored to you. Here are some questions we're asked, with no jargon.
How much deposit do I need to buy my first home in Wollongong?
You need a minimum of 5% of the purchase price as a deposit, plus funds for stamp duty, legal fees, inspections and lender charges. If your deposit is under 20% of the property value, Lenders Mortgage Insurance is usually added, which is a one off cost protecting the lender rather than you.
Ways around a smaller deposit
Eligible first home buyers may be able to use the Federal Government's Home Guarantee Scheme to buy with a reduced deposit and no LMI. Some lenders also accept a family guarantee secured against a relative's property. There are also ways to avoid LMI worth understanding before you commit.
What this means across Wollongong
Deposit size decides where you can realistically buy. A unit in Wollongong CBD, Fairy Meadow or Corrimal needs a smaller cash outlay than a house in Thirroul, Austinmer or Figtree. Our guide on how much deposit you need in Wollongong breaks the numbers down further, and we work backwards from your savings and income to show you which suburbs are in range before you start inspecting.
What government help is available for first home buyers in NSW?
NSW first home buyers can access three main forms of assistance, and they can often be combined.
First Home Buyers Assistance Scheme
Provides a full exemption or partial concession on transfer (stamp) duty up to set price thresholds. See our breakdown of stamp duty costs in Wollongong.
First Home Owner Grant (New Homes)
A one off grant for buying or building a brand new home that has not been lived in before.
Home Guarantee Scheme
A Federal Government program letting eligible buyers purchase with a smaller deposit and no LMI, subject to place limits and property price caps. We cover the detail on our First Home Guarantee page.
Each program has its own rules covering income, residency, property price, prior ownership and whether you will live in the home. Price caps and duty thresholds are reviewed regularly, so last year's figures may not apply now. We check your eligibility against the current rules before you make an offer.
How long does it take to get a first home loan approved in Wollongong?
Expect around two to three weeks from application to formal approval, then a typical six week settlement from exchange of contracts in NSW.
The stages
Conditional pre-approval usually takes a few business days once we submit. Formal approval follows after you have a signed contract and the lender completes a valuation, generally another one to two weeks depending on lender turnaround times and valuer access. Our guide to home loan approval times in Wollongong covers current lender turnarounds in more detail.
What causes delays
Almost always missing information: incomplete payslips, undisclosed buy now pay later accounts, a HECS or HELP debt not mentioned, or an unexplained deposit in your bank statements. We front load that work before submission and choose lenders whose current queues suit your timeline. If you are buying at auction, preparation matters even more, because auction contracts have no cooling off period.
What costs should I budget for beyond the deposit?
Beyond the deposit, budget for stamp duty, conveyancing, inspections, lender fees, insurance and rate adjustments. Buying your first home in Wollongong typically involves:
• Transfer (stamp) duty, unless you qualify for an exemption or concession
• Conveyancing or solicitor fees
• Building and pest inspection, plus a strata report for a unit
• Lender application, valuation and settlement fees
• Lenders Mortgage Insurance if your deposit is under 20%
• Home and contents insurance, required from the date of exchange
• Council and water rate adjustments, plus strata levies for units
• Moving costs and any immediate repairs or furnishing
Wollongong specific factors
Properties on the escarpment side of Wollongong may sit in bushfire prone or landslip mapped areas, which can lift insurance premiums. Older beachside homes in Wollongong suburbs such as Woonona and Bulli often need more thorough inspections.
Our guides on stamp duty costs and common first home buyer mistakes are worth reading before you make an offer. We build a full cost estimate into your borrowing plan so there are no surprises in the week before settlement.







