If this is your first newsletter from us then a very warm welcome to you.
You are receiving this as you have recently downloaded our webinar for first home buyers or contacted us directly.
Today I want to cover only the Federal Government Schemes, all released on 1st July.
Treat this as a summary of the key points.
Future newsletters will cover specific home purchasing finance and general tips to assist you on your journey towards home ownership.
Current Government Schemes. On 1st July the Federal Government released 10,000 places in each of the following three schemes to make it easier to buy your home.
The key benefit of each is the ability to purchase with a much lower deposit than normally required with no lenders mortgage insurance (LMI) to pay.
Each is possibly very useful for you and our work with our clients is confirming this.
In July six of our clients have purchased already and over 30 have been pre-approved.
This note covers the main points. Please reach out if you want to learn how they may benefit you or if you have any other questions (see link at end of note).
All applicants must be Aust citizens Price caps apply (see below)
Limited to 26 lenders across country
Maximum Purchase Price by State
Existing properties: First Home Loan Deposit Scheme (FHLDS) and Family Home Guarantee (FHG)
2. New properties: New Home Guarantee (NHG)
*Regional Cities:
NSW: Newcastle, Lake Macquarie, Illawarra
Vic: Geelong
Qld: Gold Coast, Sunshine Coast
How to Apply:
– Contact us! –Don’t delay, we are hearing rumblings that the FHLDS places are filling up very quickly.
–You can have an allocation reserved when your finance is preapproved.
– Please note that not all banks assess your income and approval the same. Feel free to talk to us for the right choice for you.
List of Lenders
– Australian Military Bank – Auswide Bank – Bank Australia – Bankfirst – Bank of Heritage Isle – Bank of us – Bendigo Bank – Beyond Bank – Border Bank – Commonwealth Bank of Australia – CBA – Community First Credit Union – CUA – Defence Bank – Endeavour Mutual Bank – Firefighters Mutual Bank – Gateway Bank – G & C Mutual Bank – Health Professionals Bank – Indigenous Business Australia – IBA – Mortgage Port – My State Bank – National Australia Bank – NAB – People’s Choice Credit Union – Police Bank – P & N Bank – Q Bank – Queensland Country Bank – Regional Australia Bank – Sydney Mutual Bank – Teachers Mutual Bank – The Mutual Bank – UniBank – WAW
