First Home Loan Deposit Scheme (FHLDS)
First home buyers, we've guaranteed Scomo's scheme.
That's right, the Federal Government's First Home Loan Deposit Scheme is a bit of a lottery. Only 10,000 places and filling fast. Plus, you have to jump through many hoops. And it's confusing. Don't stress, we've made it all so simple.
Lets simplify it.
There's some boring bits you need to know about the First Home Loan Deposit Scheme (FHLDS).
In essence, it's saving on the Lenders Mortgage Insurance (LMI) for borrowers - that's you! The Federal Government is providing guarantee over the loan so you only have to provide a 5% deposit. The government is only releasing a certain amount of available places for First Home Buyers to catch, and that's 10,000 each financial year. The National Housing Finance and Investment Corporation (NHFIC) will play a big part in guaranteeing you a spot within that 10,000.
We're guaranteeing Scomo's scheme.
We understand, it's all a little confusing. That's why our team will assist you through the whole process. We'll sort out the paper work, including finance. We'll even lodge your application with the government. The best bit? If you get knocked back, we'll cover the Lenders Mortgage Insurance for you*. So that means you'll still be able to buy a home with us for the 5% deposit.
We've got a handful of exclusive house and land packages that are eligible within the FHLDS criteria. And they're titled lots, so that means you could be in by Xmas.