WHY FIRST HOMEBUILDERS?
Your finance should fit your exact lifestyle stage and should not put you into years of unnecessary debt. The one-size-fits-all approach that many builders take with first home buyers is actually detrimental to your long-term success and stability. Our in-house finance team gives you the best option to suit your needs.
There are a number of options to get you into your first home and our team is happy to walk you through all of the options available.
First Home Owners’ Grant
The First Home Owners’ Grant is a great way to get into your first home. It is a once-off payment of $10,000 (accurate at the time of writing) that helps you get into your first home. For more information on the FHOG, click here
Low Deposit Home Loans
Through our partnership with our finance specialists you may have access to a low deposit home loan that can be used to build your new home. Your full financial situation will need to be reviewed prior to acceptance of any offer or product.
Another way to get into your own home is to use a guarantor loan. In this case, someone else will provide you with the collateral to borrow against for your first home (usually your parents). This helps you get into the market sooner. With a guarantor loan, you do not need a deposit and you save money by not paying lenders mortgage insurance. These are fantastic ways to help you with getting into your first home.