Almost ready to buy your first home but not quite, the newly released Government Scheme may be for you. The First Home Loan Deposit Scheme is a Federal Government initiative run by the National Housing Finance and Investment Corporation (NHFIC). The aim of the Scheme is to shorten the time first home buyers have to save a deposit to buy a home. Giving you the opportunity to buy with a 5% deposit without paying Lenders Mortgage Insurance (LMI). This scheme has certain requirements set by NHFIC that you'll need to meet in order to have the ability to access the Scheme. These include: Income limits Prior property ownership test Minimum age A deposit requirement An owner-occupier requirement If this is something that you think could benefit your journey with buying, click the link to find out more information and to use the eligibility tool. Click Here. Of course here at Wiseberry, we also have resources available to help support you in your journey to acquiring a home loan. We have partnered ourselves with brokers who have access to a wide range of loans, including home loans, personal loans, car loans, from in excess of 50 different lenders that can provide competitive loans to meet your needs and financial goals. The key to a successful purchasing outcome is to find a home loan specialist who can help you find the best deal.
