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Additional spots for the First Home Loan Deposit Scheme have been released!
Additional spots for the Federal Government’s First Home Loan Deposit Scheme (FHLDS) have just been released!
Usually first home buyers with less than a 20% deposit will need to pay lenders mortgage insurance. Under the Scheme, eligible first home buyers can purchase with a deposit of as little as 5% (lenders criteria apply). This is because the National Housing Finance and Investment Corporation (NHFIC) guarantees to provide participating lenders up to 15% of the value of the property purchased!
The new release of places in the scheme came into effect on 1st July 2020. This can be used ON TOP of the government HomeBuilder grant, state government building bonus AND First Home Buyers Grant!
The announcement means you may not require as big of a deposit as you first thought. Hurry, there's only 10,000 spaces available until 31st December 2020! Check out if you're eligible below.
Keystart Home Loans
Keystart provide a variety of home loan options for first and subsequent homebuyers in the Perth metropolitan area for people who are striving to achieve their home ownership dream or perhaps looking to improve their quality of housing. Visit the Keystart website to view their home loan options, and to see if you are eligible.
First Home Buyers Grant - Save $10,000
The First Home Owners Grant applies to new homes in new areas, giving first time buyers more choice than ever!
Buyers Guide
We've put our best advice in this handy little guide, so you can benefit from our 120 years of experience in property.
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