Exciting times are ahead, you’re looking to purchase your first home! Here’s some information that could help you land your first home.
A Family Guarantee (also known as a Family Pledge) may be an option to help you get started if you have a low deposit. Guarantors can be immediate family members such as parents who have enough equity in their home and offer part of this equity as security for your loan.
The equity in their property can help make up for any shortfall in saving the minimum 20% deposit required to avoid the need for Lenders’ Mortgage Insurance (LMI) which could save you thousands or increase your borrowing power. Find out more about LMI.
First Home Owner Grant
You may also be eligible for financial assistance from the Government in the form of the First Home Owners Grant. You can find out more on the Revenue SA or the Northern Territory Government websites.
First Home Owner Guide
Unpacking the steps to buying your first home
We understand how overwhelming the process of purchasing your first home can be. That’s why we’ve developed a step-by-step guide that unpacks the information you need to land your first property.
First Home Buyer Loans
We have a range of fixed and variable loan options to help you get your foot in the door of your first home sooner…