Penrith mortgage broker
Penrith mortgage broker
A mortgage broker
who knows Penrith.
From a St Marys townhouse to a new build at Jordan Springs to acreage at Mulgoa. Three very different lending questions inside the one region. We compare more than 35 lenders and it costs you nothing.
35+
Lenders
10+
Years experience
1,000+
Clients helped
$0
Cost to you
Meet Ali Hasani
Ali Hasani is the founder of Buyvest. He has worked in home loans for more than ten years, a lot of it at Commonwealth Bank. We meet clients face to face, or by phone, Zoom and Teams, at night and on weekends as well as work hours. We take your loan to more than 35 lenders, compare the numbers, and show you the options. Ali is an MFAA accredited broker with a Diploma of Finance and Mortgage Broking Management and a Post Graduate in Accounting.
Buying land now,
building later?
The gap between the two is where most plans come unstuck. We will map the timeline and the finance before you sign anything.
Client stories
How we helped
Three real situations, and what actually happened in each one.
The visa was not the roadblock.
A couple wanted their first home and one of them was on a spousal visa. They had assumed that meant waiting until it was sorted. Lender policy on visas varies more than almost anything else, so we worked through their situation and which lenders could accommodate it, and found one that could. They bought a good deal sooner than they had planned for.
They thought 5% was not enough.
A first home buyer had 5% saved and had settled in for a few more years of it, because nobody had explained the government scheme to them. They had assumed it was a grant with a queue, when it is a guarantee that sits behind your loan so the lender treats it as covered. Once they understood what it actually was, and that they looked eligible, buying stopped being a someday plan.
A way to avoid selling first.
A homeowner wanted their next place but needed the equity out of the current one to do it, and assumed that meant selling before buying. We looked at their position and worked through bridging finance as an option. It gave them a possible route to buy first and sell after, without a deadline forcing the sale of the home they were still living in.
These are past client stories, with details changed for privacy. Your own result depends on your situation and what the lender decides.
Start here
Find your local mortgage broker
Each page covers what that suburb sells, what lenders do there, and what deposit you are likely to need.
Badgerys Creek mortgage broker
2555
Cambridge Gardens mortgage broker
2747
Cambridge Park mortgage broker
2747
Cranebrook mortgage broker
2749
Emu Plains mortgage broker
2750
Glenmore Park mortgage broker
2745
Jamisontown mortgage broker
2750
Jordan Springs mortgage broker
2747
Kingswood mortgage broker
2747
Mulgoa mortgage broker
2745
Orchard Hills mortgage broker
2748
Penrith mortgage broker
2750
Regentville mortgage broker
2745
South Penrith mortgage broker
2750
St Marys mortgage broker
2760
Werrington mortgage broker
2747
Werrington Downs mortgage broker
2747
Mortgage broker near me
All of Sydney
See all 220+ suburbs we cover across Sydney and NSW.
Need the equity out
before you can buy?
Selling first is one way. It is not the only way. We will work out whether bridging finance or a restructure gets you there without the deadline.
Free guides
What to know before you buy
Twelve free guides covering how a Penrith purchase actually runs, from your first dollar saved to settlement.
Buying land to build
How the loan works when you buy the block first and put the house up after.
Read the guide
First time land buyers
What to know before you buy a block, including zoning, size and services.
Read the guide
Home loan pre-approval
What pre-approval covers, how long it holds, and why it is not formal approval.
Read the guide
Deposit options
The different ways people pull a deposit together, and what each one costs you.
Read the guide
Genuine savings
What lenders count as your own money towards a deposit, and what they will not.
Read the guide
Pathways to home ownership
The routes into your first place, including the ones most buyers never hear about.
Read the guide
Lenders mortgage insurance
What LMI costs, who pays it, and the ways to avoid paying it at all.
Read the guide
Loan to value ratio
The number that decides whether you pay LMI and how much you can borrow.
Read the guide
Bank valuations
Lenders lend against the valuation, not the price you agreed to pay.
Read the guide
Freestanding houses
What changes when you buy a house on acreage or on its own title.
Read the guide
Choosing a home loan
Fixed, variable, offset and redraw, and which of them suits what you are doing.
Read the guide
Settlement day
What happens at the end, and everything that has to be ready before it.
Read the guide
What we do
Home loans for every Penrith plan
First home
Learn more
Next home
Learn more
Investment property loans
Learn more
Refinancing
Learn more
No LMI loans
Learn more
Self employed home loans
Learn more
Guarantor loans
Learn more
Using your equity
Learn more
Building loans
Learn more
Bridging loans
Learn more
Debt consolidation
Learn more
SMSF loans
Learn more
See all home loan help at Buyvest, or read the free guides in the Loan Vault. This is general information only, not personal financial advice.
When did you last
check your rate?
We compare your current home loan against more than 35 lenders. If a refinance saves you money we will show you the numbers, and if it does not we will tell you that too.
Your job matters
Home loans by profession
Some lenders drop lenders mortgage insurance for certain jobs, and Nepean Hospital sits in the middle of the region. The lists and the limits differ from one lender to the next, so it is worth checking where yours sits.
Home loans for
Bankers
Home loans for
Lawyers
Home loans for
Accountants
Home loans for
Auditors
Home loans for
Actuaries
Home loans for
Doctors
Home loans for
Dentists
Home loans for
Optometrists
Home loans for
Physiotherapists
Home loans for
Chiropractors
Home loans for
Psychologists
Home loans for
Osteopaths
Home loans for
Podiatrists
Home loans for
Pharmacists
Home loans for
Sonographers
Home loans for
Veterinarians
Not sure if your job is on a list? See No LMI and waived LMI home loans, or ask us and we will check every lender on our panel.
Plan ahead
Run the numbers
Free tools that show you where you stand right now.
How it works
Three steps to your loan
1
Free check
We work out what you can borrow across 35+ lenders, and which ones suit the suburb and the kind of place you are buying.
2
Get pre-approved
We get your file ready and send it to the lender most likely to say yes to you and to your building.
3
Settle, then stay in touch
We stay with you to settlement, then keep an eye on your rate after that.
Client reviews
5.0 ★★★★★ on Google
Reviews from clients across Sydney.
★★★★★
"Ali is an excellent broker who truly knows his numbers. He made the entire process of securing two investment loans incredibly smooth and stress-free. What really sets him apart is the valuable advice he provides not just about loans, but also about making safe and smart investments."
★★★★★
"Ali was very professional and was able to help with our complicated loans to refinance. He kept us up to date throughout the process and made sure my wife and I understood everything before signing and that we had no issues after settlement."
★★★★★
"Ali is our trusted advisor for many years. He responds swiftly and honestly. He is the best in working out options for loans. He goes above and beyond to get the best outcome for the customers."
FAQ
Penrith questions, answered
Why use a mortgage broker in Penrith?
More people here are building rather than buying an existing home, and construction lending works nothing like a normal home loan. There is also the Nepean floodplain, acreage at Mulgoa, and a lot of first home buyers who need every option on the table rather than one bank's version. A broker checks all of it before you commit. Brokers also have a legal duty called the Best Interests Duty, which means we have to put you first.
Does flood risk affect lending near the Nepean?
It can, and this is the part of Sydney where it matters most. Council maps flood prone land, and parts of Penrith, Emu Plains, Regentville and Cranebrook sit on the Hawkesbury Nepean floodplain. Lenders will still usually lend, and a valuer will note it. The practical problem is insurance, because a lender wants the property insured before settlement and flood cover in those pockets can be expensive or hard to place. Get a quote early rather than a fortnight out from settlement.
How does a house and land package work?
Usually as two contracts rather than one. You settle on the land first with a normal loan, then the build runs as a construction loan released in stages against a fixed price building contract. You only pay interest on what has been drawn, so the cost climbs gradually rather than starting at the full amount. Two contracts also means two sets of costs and two timelines, and the lender assesses the whole thing on what the finished house will be worth.
What if my land is not registered yet?
This catches people in the new estates. You can buy a block before it is registered, but you cannot settle until it is, and registration can slip by many months. Pre-approval usually lasts ninety days, so it will need redoing, and your circumstances get reassessed each time. Building quotes can expire in the meantime too. It is worth going in knowing the timeline may move rather than budgeting as though it will not.
What happens if my builder issues variations?
Variations are changes to the contract price once work is under way, and on most builds there are some. Your loan was approved on the original contract, so a variation without funding behind it comes out of your own pocket. Building a buffer into the loan from the start is the cleanest answer, and because construction loans only charge interest on what is drawn, an unused buffer costs you nothing. Asking a lender to increase a loan mid build is slow and not always possible.
Does the new airport affect lending around Badgerys Creek?
Not in the sense of stopping a loan. Aircraft noise exposure gets mapped once flight paths are set, and a valuer may take it into account along with everything else. The more practical issues around there are zoning and land size, since a lot of it is acreage or development land rather than a standard house block, and lenders treat those very differently from a home in an estate.
Do lenders lend on acreage at Mulgoa?
Some do and some do not, and it usually comes down to land size and zoning. Many lenders are comfortable up to a couple of hectares on residential zoning and get more cautious beyond that. Rural zoning, unsealed access, tank water, no mains sewer or anything resembling a working farm can change the answer or the deposit required. It is very much a lender by lender question, so it pays to know before you commit to a property.
Can I get a home loan if my partner is on a visa?
Often yes, and this is one of the areas where lenders differ most. Some will not lend to a temporary resident at all. Some will, but ask for a larger deposit. Where one of you is an Australian citizen or permanent resident and you are buying together as a home to live in, it is usually far more straightforward than people expect, and the foreign investment approval that applies to some buyers often does not apply. How much of the visa holder's income gets counted also varies from lender to lender. It is worth asking before you assume you have to wait.
Can I buy my first home with a 5% deposit?
If you are an eligible first home buyer, often yes. The Australian Government 5% Deposit Scheme lets you buy with a 5% deposit and pay no lenders mortgage insurance. Housing Australia guarantees the gap between your deposit and 20%, so the lender treats the loan as covered. It is a guarantee, not a grant, and the government takes no share of your home. Not every lender is approved to write these loans, and the rules are reviewed from time to time, so we check what applies to you before you start looking.
How much deposit do I need in Penrith?
A 20% deposit avoids lenders mortgage insurance, and this is one of the more affordable parts of Sydney, so that number is genuinely reachable here. Plenty of buyers get in with 5 or 10% and pay the insurance instead, some professions can skip it, and a family guarantor loan can cut the deposit further again. If you are building, the deposit works against the land and the building contract combined rather than a single purchase price.
Can I get a Penrith home loan with no LMI?
You may be able to. Lenders mortgage insurance is a one off cost you pay when you borrow more than 80% of what a place is worth. Some lenders drop it completely for certain jobs, and with Nepean Hospital and the university at Kingswood plenty of local buyers are on those lists. A family guarantor loan is another way to avoid it, and the government 5% deposit scheme removes it for eligible first home buyers.
How much does it cost to refinance a home loan?
Usually a few hundred dollars to around a thousand. Your current lender charges a discharge fee, there are government fees to move the mortgage, and the new lender may charge a settlement or valuation fee, though plenty waive them. If you are on a fixed rate there can be break costs, and those can be large, so they get checked first. The real question is whether the saving over the next couple of years clears the cost.
Should I use my bank or a mortgage broker?
A bank can only offer its own loans and its own rules. Not every lender does construction lending well, and some are far more cautious about flood mapped land or acreage than others. If yours is one of them you find out late, after you have signed a building contract or paid for a valuation. A broker checks it against many lenders first. Buyvest compares more than 35 lenders at $0 cost to you.
Your Penrith mortgage broker
Your home loan. Made simple.
Free check. No pressure. More than 35 lenders compared at $0 cost to you.
Buyvest serves every suburb across Penrith: Badgerys Creek mortgage broker | Cambridge Gardens mortgage broker | Cambridge Park mortgage broker | Cranebrook mortgage broker | Emu Plains mortgage broker | Glenmore Park mortgage broker | Jamisontown mortgage broker | Jordan Springs mortgage broker | Kingswood mortgage broker | Mulgoa mortgage broker | Orchard Hills mortgage broker | Penrith mortgage broker | Regentville mortgage broker | South Penrith mortgage broker | St Marys mortgage broker | Werrington mortgage broker | Werrington Downs mortgage broker