The great Australian dream of buying your first home, is now possible, for everyone.
…how? By providing a solution for the biggest barrier to
getting a property and a loan. The deposit. Solved.
AffordAssist help with first home buyer deposit with approved lenders and mortgage brokers can offer loans of up to 90%. Call: 1800 961 108
AffordAssist help with first home buyer deposit
Inflation, home rentals and real estate values are increasing at a greater rate than household incomes. Making saving for a deposit increasingly more difficult, even impossible.
Our economy has shifted, possibly neglecting the key civil and fundamental right. Putting at risk the dream of owning a home, impacting on our social-fabric and economy.
Considering such market conditions: More than ever first-home buyers need a solution like AffordAssist to get into home ownership.
The AffordAssist help with first home buyer deposit is life changing.
AffordAssist Deferred Deposit Solution
AffordAssist: Buy your first home today, defer and pay the deposit without interest later.
So how does AffordAssist do this? By providing an innovative Deferred Deposit Solution (DDA) between the property seller and buyer for the amount needed to secure a loan.
defer / verb
put off (an action or event) to a later time; postpone.
Put simply, AffordAssist replaces the need for the full cash deposit. You can buy today with an initial part-deposit and pay the balance of the deposit most typically within 60 months, and always without interest. You will have 100% ownership of the title.
Buying a property with AffordAssist can reduce mortgage stress by reducing the loan amount, saving LMI (Lenders Mortgage Insurance) fees; and thousands on interest repayments.
How AffordAssist Makes It Possible
AffordAssist offers an innovative property-deposit and loan-deposit solution for buyers wanting to enter the market today.
AffordAssist Manages Risk
An AffordAssist Deferred Deposit Home Loan is very likely to yield less risk. Because…
Under a sales model outcomes may be driven by having to say and do anything, AffordAssist is NOT sales focused:
- This avoids a potentially devastating outcome and possible financial ruin
AffordAssist is eligibility focused and features:
- A proven governance process
- Customer Care and Approved Professionals that adhere towards a core fundamental service attitude
- A proprietary Deferred Deposit Agreement (DDA) that offers potential term flexibility
- The Stakeholders Fund
- An entirely different outcome for all stakeholders
It is with these core fundamentals that the programs service and AffordAssist Conditional Approval are provided.
AffordAssist IS NOT
- A rent-to-own model
- A SMSF purchase model
- Vendor Finance or a loan agreement
- For applicants on social incomes or bad credit record
- A lender or mortgage broker
- A property developer or builder
100%
Title Ownership
Am I Eligible?
What you have now maybe enough. Real scenarios of Buyers with less than 1% cash deposit have been approved, secured a loan and purchased their own home, Examples:
- Scenario-1 $1,000 (Single mum)
- Scenario-2 $1,650 (Family with two children)
- Scenario-3 $5,000 (Single)
Our eligibility process:
- Your eligibility to secure a home loan is based on your (and if applicable that of your co-purchaser) compliance with your chosen lender’s usual criteria, including annual income and outgoings including payments under the Deferred Deposit Agreement;
- AffordAssist collates the information including the Pre-qualification and Fast-Track Readiness forms and determine whether you are eligible for the AffordAssist program; and
- It is essential you work with professionals who understand the AffordAssist process and Deferred Deposit Agreement (DDA) to ensure your successful property purchase. Approved professionals includes: lenders, mortgage brokers, developers, property consultants and agents.
Approved Properties
AffordAssist is designed to include all residential property types. Off the plan, brand-new or previously lived-in. Select from the AffordAssist approved properties list. The fee for this comprehensive service is generally paid by the property seller.
Where the current list of AffordAssist approved properties does not meet with your present needs, may we suggest that you continue pursuing your dream of home ownership via:
- AffordAssist Buyer’s Agent. The option to engage an AffordAssist approved buyers agent to work with you to source a suitable property, for a prepaid flat fee.
- DIY. You will find your own property. AffordAssist team member will offer free phone assistance.
Does Your Situation Sound Like Any Of These?
You want to break free from renting and own your own home. You have some savings and want to select a property from the AffordAssist approved list
You have found (DIY) your dream home, one that perfectly suits your lifestyle and budget. You are only part way to saving your deposit amount and the property sellers has agreed to AffordAssist the balance.
You saved your deposit, chose your home and were on track to settle, until the bank undervalued the property. Now you need to cover the shortfall or risk losing your deposit, and time is running out.
If any of these three scenarios sounds like your situation, please contact us
Try Our Calculators To See Your Incredible Savings and how affordable your first home could be:
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AffordAssist help with the first home buyer deposit. Replace the need for the typical cash deposit with our innovative deferred deposit solution. AffordAssist is your new way to buy your first home today, defer and pay the deposit later.