The First Home Loan Deposit Scheme is here to assist eligible first home buyers in purchasing a home sooner with a smaller deposit than what was previously required.
10,000 more opportunities are now available to help Australians buy their first home! It provides a guarantee to participating lenders that allows eligible first home buyers to purchase a home with a little deposit of 5 percent without needing to pay the lenders mortgage insurance for having less than a 20 percent deposit. With the current challenges posed by COVID-19, NHFIC anticipates the continued demand for these new 10,000 places to continue. There are a number of select lenders that have been provided quota for the 10,000 Scheme places for the 2020-2021 financial year, and we can assist by guiding you though your lender options, and their respective process, to achieve the best outcome possible. Applications will require a 2019-2020 Notice of Assessment from the Australian Taxation Office to demonstrate that their taxable income is no more than $125,000 for individuals and $200,000 for couples. You could be in your first home with as little as 5 percent deposit. Want to know more? Hit me up and let's chat! 17/12/2021 03:08:41 pm
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AuthorRachael Bland – Founder & CEO Archives
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