People's Choice Credit Union could help first home buyers into their own homes sooner, with the new First Home Loan Deposit Scheme.
Take the test to see if you're eligible for the First Home Loan Deposit Scheme.
To read more about the eligibility requirements, click here.
Check out the fact sheet from the NHFIC (National Housing Finance and Investment Corporation) to read more about the benefits and requirements of the First Home Loan Deposit Scheme.
People's Choice Credit Union will be launching the First Home Loan Deposit Scheme in February 2020.
It does this by providing a guarantee that will allow eligible first home buyers to purchase a home with a deposit of as little as 5 per cent (lender's criteria apply). More information can be found in NHFIC Fact sheet
You can check your potential eligibility on the NHFIC website
The Australian Government has introduced the First Home Loan Deposit Scheme to assist eligible first home buyers to purchase a home sooner. It does this by providing a guarantee to participating lenders that will allow eligible first home buyers to purchase a home with a deposit of as little as 5 per cent and the additional benefit of not having to save for lenders mortgage insurance (LMI).
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