A former Melbourne lawyer who used the name Max Power, Homer Simpson's alter ego, to claim the first home owners' grant has been jailed for five years.

Anthony Coleman, 47, a twice-divorced father of four from Yarraville, also used the name Patrick Bateman - the serial killer in the book American Psycho - to get the grant.

Homer Simpson explains his codename, Max Power, to Bart and Lisa.

Coleman pleaded guilty to 12 counts of obtaining a financial advantage by deception, one count of theft and one count of having a deficiency in his trust account from February 2003 to July 2007.

Supreme Court Justice John Dixon said Coleman's conduct involved creating five fictitious identities, three false bank accounts and one false credit card account, preparing six false applications for first home owners' grants and preparing falsified conveyancing documents that included contracts of sale and statutory declarations