Home Loan Broker Bendigo — Compare Rates From 30+ Lenders

Mortgage broker services are free for borrowers. The lender pays the broker's commission when your loan settles, so there is no cost to you for the comparison, guidance, or application process. This is the standard model across the industry.

A broker compares options from 30+ lenders in a single conversation, rather than you visiting multiple banks individually. Nearly 8 in 10 Australians now use a mortgage broker — brokers can access competitive rates across the full market, not just one bank's products. It comes down to choice: a bank offers their own range, while a broker shops the whole market on your behalf.

The FHOG in Victoria is $10,000 for eligible first-time buyers purchasing or building a new home valued up to $750,000. This applies to regional areas including Bendigo. Keep in mind this is for new homes only — not established properties — and eligibility criteria apply.

For advice specific to your situation, we can connect you with a qualified broker who can help you understand what grants and schemes you may be eligible for.

First home buyers in Victoria receive a full stamp duty exemption for properties valued up to $600,000, and sliding scale concessions for properties between $600,001 and $750,000. With Bendigo's median house price around $600,000, many first home buyers may benefit from these concessions.

For advice specific to your situation, we can connect you with a qualified broker who can help.

Borrowing capacity depends on your income, expenses, existing debts, and the lender's serviceability criteria. Each lender calculates this differently, which is why a broker is helpful — they can assess your borrowing power across multiple lenders rather than just one.

With Bendigo's median house price around $600,000, most buyers need a combination of deposit and lending. A broker can give you a clearer picture of where you stand.

Pre-approval involves a lender assessing your financial position and conditionally approving a loan amount before you find a property. A broker manages the paperwork and submits to lenders with the strongest chance of approval. Pre-approval typically takes a few business days and strengthens your position when making an offer.

The choice between fixed and variable depends on your financial situation, risk tolerance, and outlook. In a changing rate environment, a broker can explain the trade-offs: fixed rates offer certainty of repayments, while variable rates offer flexibility with features like redraw, offset accounts, and extra repayments without penalty.

For personalised guidance on what suits your situation, a broker can run the numbers for you.

Refinancing means switching your existing loan to a new lender or product, often to secure a lower rate or access equity. A broker compares refinancing options across 30+ lenders and manages the switching process. They'll also help you weigh up exit fees, break costs on fixed rates, and whether the savings justify the move.

A standard deposit is 20% to avoid Lenders Mortgage Insurance (LMI). However, some lenders accept deposits as low as 5% with LMI, and government guarantees — such as the Regional First Home Buyer Guarantee — can help eligible buyers avoid LMI with smaller deposits. A broker can explain the options that apply to your deposit level and financial situation.

Yes. Brokers can structure investment loans to suit your strategy, including interest-only periods, accessing equity from existing properties, and comparing investor-specific products across 30+ lenders. Bendigo offers attractive rental yields for investors, and a broker understands the differences between owner-occupied and investment lending criteria.