Your Path to Affordable Homeownership
Exciting news for Aussie homebuyers! The Home Guarantee Scheme just got better, starting July 1, 2023. It’s now more inclusive and beneficial, making homeownership dreams easier to achieve.
“Unlock Your Homeownership Dreams with the Expanded Home Guarantee Scheme – Your Pathway to Affordable Living.”
Let’s dive into the improvements:
- Expanded Eligibility: More people can benefit, including Australian permanent residents.
- More Opportunities for Buyers: Even not a first-time buyer, can now access the First Home Guarantee and Regional First Home Buyer Guarantee.
- Team Efforts: Friends and family can join forces under the First Home Guarantee and Regional First Home Buyer Guarantee.
- Family Focus: Single legal guardians, like aunts and uncles, can now benefit from the Enhanced Family Home Guarantee.
So, what’s the Home Guarantee Scheme?
It’s a partnership between the Australian Government and NHFIC. It helps lower to middle-income earners buy a home with a minimal deposit, as low as 5% of the property’s value. NHFIC backs up to 15% for the lender, reducing risk for everyone.
Family Home Guarantee
Single parents or legal guardians can also benefit, with a deposit as low as 2%. Here’s a quick rundown of the key conditions:
To check your eligibility and learn more about this fantastic opportunity, visit the NHFIC website. Don’t miss out on the chance to turn your homeownership aspirations into reality with the Home Guarantee Scheme’s tailored benefits.
Home Guarantee Scheme key conditions:
- You must be at least 18 and an Australian citizen or resident.
- No property ownership in the past 10 years (with a few exceptions).
- Applies to owner-occupied home loans.
- Criteria vary by guarantee type.
- Deposits range from 2% to 20% based on the guarantee.
