Eternity Group

Finance & mortgage — First home buyers

First Home Buyer Help in Cherrybrook

Buying your first home in Cherrybrook or the wider Hills District? Accountant-led mortgage broking that gets you ready to borrow — with deposit, documents, borrowing capacity and grants explained in plain English. Eligibility and approval depend on the lender’s assessment and current government criteria.

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Mr Rohan Manokaran (Credit Representative 565110) is authorised under Australian Credit Licence 561324 held by Loans Only Pty Ltd. Information on this page is general in nature and does not take into account your objectives, financial situation or needs. Credit eligibility, lender criteria, fees and charges apply.

Who it's for

First home buyers focused on Cherrybrook and the Hills.

We work with first-time buyers across Cherrybrook, West Pennant Hills, Castle Hill, Dural and the surrounding Hills District who want their lending set up properly from the start.

Built around the Hills market

Cherrybrook, West Pennant Hills, Castle Hill and Dural sit at the upper end of Sydney's entry prices. We frame your deposit, target price and timing against what first homes in these pockets typically cost, not a generic national figure.

Accountant-led income reads

Many Hills first home buyers earn through a mix of PAYG salary, bonuses, side income or a young business. As accountants and mortgage brokers, we read your income evidence carefully so it is presented to lenders accurately.

Plain-English from the first chat

We explain deposit thresholds, Lenders Mortgage Insurance, genuine savings and conditional pre-approval without jargon, so you understand what a lender will actually look at before you start inspecting homes.

Tax and lending under one roof

If you plan to keep the property as a future investment, or you run a business, having your accountant and broker in the same firm means your first purchase is considered alongside your broader position from the start.

The Hills District is a sought-after place to buy a first home, but entry prices in suburbs like Cherrybrook sit at the upper end of the Sydney market. That makes planning your deposit, your target price and your timing more important than it might be elsewhere. Getting clear on what you can realistically borrow — before you start inspecting — saves time and disappointment. If you want the broader, non-local grounding first, our first home buyer overview covers the national picture, and this page focuses on planning your purchase here in the Hills.

What we cover

From deposit to settlement.

The practical pieces of a first home purchase, explained clearly and matched to your situation.

Deposit and genuine savings

We walk through how much you may need, how lenders view genuine savings, and how gifts or guarantor support are typically treated. The threshold that suits you depends on the lender, the property and your circumstances.

Borrowing readiness check

Before you fall for a Cherrybrook listing, we estimate your borrowing capacity from your income, living costs, HECS or HELP debt and existing commitments, and flag anything worth tidying up first.

Documents and evidence

We set out a clear list of what lenders generally ask for — identification, payslips, tax returns, bank statements and savings history — so you can assemble a clean file rather than scrambling at offer time.

Lenders Mortgage Insurance

If your deposit is below the usual 20 per cent, LMI may apply. We explain how it works, when it can be avoided and how it affects your repayments, so the cost is never a surprise.

Grants and concessions, high level

We point you to first home grants, stamp duty concessions and federal scheme places as general information. Eligibility, amounts and rules change and must be confirmed against current government sources before you rely on them.

Loan options across our panel

We compare loan options across a broad panel of lenders and explain the trade-offs between fees, features and policy fit. The loan that suits you depends on your goals, your income type and the home you are buying.

One roof

Why a first home is worth getting right.

Your first purchase shapes what comes next. Considering tax and lending together from the start keeps your options open.

Many first home buyers get their loan from one place and their tax advice from another. That can work fine, but it can also lead to decisions that look sensible in isolation and create friction later — for example, when a first home eventually becomes an investment, or when business income complicates a future application.

Because we are accountants and mortgage brokers under one roof, we can look at both sides together. We help you understand how your loan is structured, how your income is documented, and how your first purchase fits with where you want to be in five or ten years. If you are weighing up buying to live in versus buying to invest, you may also find our home loans guidance and our broader finance services useful background.

A quick reminder on grants and concessions: we mention them only as general information. First home programs carry price caps, residency rules and timing conditions that change, and they differ by state and by program. We do not assume or guarantee eligibility — always confirm the current detail with the relevant government source before you rely on it.

What to watch

Common first-home pitfalls in the Hills.

A few things we help first home buyers avoid before they become a problem.

Stretching to the Hills price point

Entry homes in Cherrybrook and surrounding suburbs can sit well above first-buyer averages. We help you size a purchase against your real borrowing capacity and a sensible buffer, rather than the top of what a calculator suggests.

Assuming a grant or concession applies

First home schemes carry price caps, residency rules, property-type limits and timing conditions that change over time. We never assume eligibility — we flag what to check, and you confirm the current detail with the relevant government body.

Treating pre-approval as final approval

A pre-approval can be conditional and time-limited. It does not guarantee the loan. Final approval still depends on the lender's full assessment, the valuation and the property you choose. We explain this before you bid or sign.

Taking on new debt during the process

A new car loan, a fresh credit card or a buy-now-pay-later balance taken on mid-application can change your borrowing position. We tell you what to keep steady between pre-approval and settlement.

How the engagement runs

How we work with first home buyers.

A clear, structured path from your first conversation to the keys in your hand.

First conversation

We talk through where you want to buy in the Hills, your savings, your income and your timeline, and answer your early questions in plain English.

Readiness review

We estimate your borrowing capacity, review your deposit and savings history, and identify lenders whose policies are likely to suit your situation.

Pre-approval & planning

Where appropriate we arrange a conditional pre-approval and explain its limits, then map out the grants and concessions worth confirming for your purchase.

Offer & settlement

When you find the home, we manage the full application, liaise with the lender and guide you through valuation and settlement.

Pre-approval is a useful early step, but it is not the finish line. To understand what a conditional pre-approval does and does not mean — and why it is time-limited and subject to lender policy and valuation — see our home loan pre-approval page. If you are buying locally, you can also read more about the suburbs we serve on our Cherrybrook page.

How we are paid

How we are paid: Eternity Mortgage Solutions typically receives commissions from the lender for loans arranged on your behalf. A full explanation of how we are paid, our lender panel and any potential conflicts of interest is provided in our Credit Guide and Credit Proposal Disclosure document, available on request before any loan application is submitted.

For full detail on our licensing, lender panel and how we are remunerated, please read our Credit Guide.

Frequently asked questions

First home buyer — common questions.

There is no single figure. Many lenders look for around 20 per cent to avoid Lenders Mortgage Insurance, but loans with a smaller deposit are common, and some first home buyers use a guarantor or a government scheme place to enter with less. Because entry homes in Cherrybrook and the Hills sit at the upper end of Sydney prices, even a 10 per cent deposit is a meaningful sum. We help you set a realistic deposit target for your price point, then match it to lenders whose policies fit. The amount that suits you depends on the lender, the property and your circumstances, and any approval is subject to the lender’s assessment.

Related

Where this fits in the bigger picture

A first home purchase connects to the general first home buyer pathway, pre-approval, the broader home-loan options and our local Cherrybrook knowledge.