Australian Military Bank Proudly Supporting the FHLDS
Australian Military Bank are proud to be supporting the Australian Government's First Home Loan Deposit Scheme; enabling eligible first home buyers to enter the property market sooner. The First Home Loan Deposit Scheme will support up to 10,000 loans each financial year with Australian Military Bank currently offering loans under the Scheme. As offers are limited, it's time for your eligible clients to apply!
What is the Scheme?
The Scheme is a new initiative to support eligible first home buyers purchase a home sooner without having to pay lender's mortgage insurance (LMI). Eligible applicants will receive a limited guarantee from the Australian Government to purchase their first home with a deposit of as little as 5%.
Reserve a spot for your client today!
If your client has met eligibility requirements as per the 'Am I eligible for the First Home Loan Deposit Scheme' questionnaire, reserve their spot today via the reservation form.
Please note, the number of available home loans under the Scheme are limited to 10,000 per financial year.
Other Home Buying Assistance Grants and Concessions?
Defence Home Ownership Assistance Scheme (DHOAS)
DHOAS assists current and former Australian Defence Force (ADF) members and their families to achieve home ownership. DHOAS is administered by the Department of Veterans' Affairs on behalf of the Department of Defence.
The Scheme is aimed at improving ADF recruitment and retention. The longer you serve in the ADF, the more entitlement you accrue under DHOAS and the longer you can receive assistance.
To be eligible, you must have served within the last two years of applying for DHOAS, completed a qualifying period of service and accrued a service credit.
You will need to take out a DHOAS home loan and meet the Scheme conditions, including occupancy requirements, to receive the monthly subsidy payments.
For more information, visit: dhoas.gov.au
First Home Owner Grant
If you're starting out, you might qualify for a First Home Owner Grant (FHOG). Rules and conditions vary for each state and territory and can change from time to time. To find out more, visit: firsthome.gov.au
Stamp duty concessions
If you're buying your first house, you may also qualify for stamp duty concessions (depending on the state/territory).
For more information please contact:
P: (02) 9240 4146
M: 0427 543 808
Brokers E: firstname.lastname@example.org