Posted on May 13, 2019
In the lead up to the federal election, both major parties have pledged to provide additional financial assistance to help first homebuyers into the market, with the announcement of the First Home Loan Deposit Scheme.
Announced yesterday by Prime Minister Scott Morrison, the First Home Loan Deposit Scheme will enable eligible first homebuyers, who have saved at least 5 percent deposit, to qualify for a loan without the requirement for lender’s mortgage insurance.
The scheme will help first homebuyers save around $10,000 by not having to pay lender’s mortgage insurance and will be capped at 10,000 loans per year.
This first homebuyer deposit guarantee is positive news for first homebuyers!
In conjunction with our finance partners at The Loan Company, HomeStart can help you understand more about the First Home Loan Deposit Scheme – we are the first homebuyer specialists. Give us a call on 9231 4567 or complete the enquiry form on our website for more information.
There are various home loan options on the market for first homebuyers including no savings loans and low deposit loans plus government assistance and grants.
Contact us today and with the help of our finance partners at The Loan Company, we can find out how much you could qualify for.
Finance provided by Harrisdale Pty Ltd trading as The Loan Company ABN 59 088 462 140 (Australian Credit Licence Number 386355)