About

AffordAssist is an affordability program exclusively for first-home buyers; providing the much-needed deposit solution: First-home buyers can buy a property with no-deposit.

 

How does it work?

AffordAssist provides an alternative to the required upfront cash deposit. Offering a proprietary Deferred Deposit Agreement (DDA). No application fees, mandate or interest charges.

DDA

  • Deposit amount may vary between 3%-25% of the property purchase price,
  • DDA is an agreement between the seller and buyer,
  • DDA is NOT a Loan or Vendor Finance; and
  • Provides the seller and buyer with protections.

What do you typically need to be eligible?

What about the property?​​

Program ​includes all residential property types, new builds and existing, including land, townhouses, apartments, off-the-plan and home and land packages.

  • A property can be selected from one of our pre-approved listings. AffordAssist works with developers and property sellers to make lots available to first-home buyers, or
  • You can source your own property and AffordAssist can assist with introducing the program to the seller.

Governance

AffordAssist is not a mortgage broker. AffordAssist provides the program management and governance. The AffordAssist program is designed to be fair for both the seller and buyer and includes a number of consumer protections:

  • Fair pricing model
  • Independent Property Review (IPR)
  • Serviceability assurance

It’s all about helping first-home buyers

AffordAssist is an affordable housing program specifically designed to meet first-home buyers’ needs. It’s a corporate solution, offered alongside government initiatives, with the single purpose of increasing first-home ownership in Australia.

 

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