Can Indian PR holders use the First Home Guarantee?

Yes — Indian PR holders meeting criteria can use it. 5% deposit, no LMI through participating lenders.

I'm on a 482 visa. Can I get a first home loan?

Yes — many lenders accept 482 holders with 20% deposit. FHB Guarantee not available without PR/citizenship.

Can I use overseas savings from India as deposit?

Yes — with source documentation. Funds in Australian account 3 months pre-settlement.

I'm an IT contractor on ABN. Will banks accept my income for FHB?

Yes — most lenders accept IT contractor income with 12+ months on contract or 2 years' history.

Best Western Sydney suburbs for Indian FHBs?

Parramatta/Westmead for professionals; Blacktown for value; Kellyville/The Hills for family; Riverstone for new estates.

Speak to a Broker Now — 0432 634 648 · Mon–Sat 9am–7pm

Indian FHB

Indian First Home Buyer in Western Sydney: A Real Step-by-Step Guide

Mortgagefy Broker Team · Published 2026-04-29 · Last reviewed 2026-04-29

Western Sydney is the heart of Australia's Indian community — and one of the most active FHB markets in the country. Having a broker who understands both matters.

Start Your Free Assessment 0432 634 648

Who this guide is for

Indian first home buyers across Western Sydney who want a broker who understands Indian visa pathways, IT contractor income, and family decision-making.

Indian IT professionals on 482, 491 and PR pathways
Indian doctors and healthcare professionals at Westmead
Young Indian couples in Parramatta, Westmead, Blacktown, Kellyville
Indian families with parents helping with deposit

The real challenge

First home buyer schemes are powerful but the eligibility rules are strict — particularly around visa status. Many Indian IT professionals on 482 visas don't qualify for the FHB Guarantee. Many don't realise this until late in the process.

Indian families also have specific needs: IT contractor income (often ABN), parental support from India, and frequently a desire to involve elders in decisions. Most general brokers don't handle these well.

How Mortgagefy helps

Mortgagefy specialises in helping Indian first home buyers across Western Sydney. We model FHB scheme eligibility based on your visa status, explain in Hindi where helpful, and know which lenders are most flexible with Indian IT contractors and visa-holder borrowers.

We can include elders in family conversations. Free advice, no pressure to proceed.

How it works — 4 simple steps

Free Indian FHB chat

A 20-minute call (Hindi, English or mix) about your visa status, income, deposit and FHB eligibility.

Compare FHB options

We compare 30+ lenders — including FHB Guarantee panel lenders and those flexible with Indian IT contractors.

Application support

We compile and submit your documents — including any FHB scheme paperwork.

Settle your first home

You collect the keys to your first Western Sydney home with Hindi support throughout.

Frequently asked questions

We use offer letters and vesting schedules to value RSUs conservatively. We present current vesting value + projected future vesting as a 3-5 year income average. This gives lenders confidence in your income stability while accounting for market volatility.

Both. We work with W2 employees, 1099 contractors, and consultants. For contractors, we use 2 years of tax returns plus business financials. We have lenders who specialise in contractor income—they understand the variability.

Unvested options have zero value for refinancing. We count only vested equity. If you have a 4-year vest, we use 25% of the grant value (what's vested) plus a conservative projection of future vesting.

If you've been in your new role 6+ months, most lenders will refinance. We'll use your offer letter plus 6 months of pay stubs. If less than 6 months, it's harder but possible with specialist lenders.

Yes, if you have 2+ years of bonus history. We average the past 2 years and present it conservatively. Some bonuses get counted at 50% to be conservative with variable compensation.

ESPP is counted as deferred compensation. If your company matches or you have a discount, we value it as part of total compensation package.

Start your Indian first home buyer journey

Free 20-minute call with a broker who knows the Indian community and Western Sydney property.

Start Your Free Assessment Call 0432 634 648

Get your personalised answer in 2 minutes

Free, no obligation. We'll match you with the right lender for your situation.

Model your scenarios: Use our free home loan calculators to estimate borrowing capacity, repayments, and savings.