First Time Home Buyer
If you have been busy trying to save for your first home and just can not get enough saved, there may solution if you are eligible for a First Home Loan Deposit Scheme (FHLDS) loan.
The First Home Loan Deposit Scheme (FHLDS) is an Australian Government initiative to support eligible first home buyers purchase their first home sooner.
This could start you to start the journey of home ownership sooner.
Note: one of the eligibility requirements is that you have saved 5% of the purchase price. However lenders apply their own lending policy to assess what they consider evidence of 5% savings to be. For example, I know of one lender that will consider rent at evidence of 5% savings, and will allow the 5% to be gifted to you.
For more information download the fact sheet
If you would like to chat about your options call me 0478 614 182 or book an e appointment online https://www.mandalafs.com.au/book-online
There are different lenders and loans options available, plus different grants and incentives. Not all lenders have the same policy so there may be a solution for you, even if you had been told before there is not.
Your mortgage broker has access to different lenders so your solution may only be a phone call away.