People's Choice Credit Union could help first home buyers into their own homes sooner, with the new First Home Loan Deposit Scheme.
The First Home Loan Deposit Scheme places with the non-major lenders have now been reserved for the 2020-21 financial year. If you are a First Home Buyer interested in applying for the Scheme we are currently still taking applications and placing them on a wait list as places may become available over the coming weeks where existing applicants with a reserved place may not purchase a property.
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 launched the First Home Loan Deposit Scheme in February 2020.
You can check your potential eligibility on the NHFIC website
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
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).
For a more personalised experience please enter your location below...