What is the First Home Loan Deposit Scheme?
The federal government has launched an initiative to assist people in entering the housing market for the first time by underwriting home loans for first home buyers. The new government scheme for first time buyers allows approved applicants who meet the eligibility criteria to take out a mortgage with just a 5% deposit and avoid paying lenders mortgage insurance. The scheme is only available to the first 10,000 applicants per year.
TIP: We would recommend any person considering the First Home Loan Deposit Scheme obtain financial advice regarding the scheme prior to applying.
Buying your first home just got a little easier!
We are here to help. Please contact our office should you require any assistance.
Check out Ownit conveyancing Queensland offices near you:
- Conveyancing Brisbane
- Conveyancing Gold Coast
- Conveyancing Sunshine Coast
- Conveyancing Beenleigh
- Conveyancing Logan
- Conveyancing Springfield
- Click here https://ownitconveyancing.com/conveyancing/#suburbs to view all locations
To learn more about Pre Settlement Inspection today, contact Ownit Conveyancing on 1300 553 750.