Defer The Deposit. Buy Today.
Our Eligibility Process
- Eligibility to secure a home loan is based on compliance with the lender’s usual criteria, including annual income and outgoings including payments under the Deferred Deposit Agreement (DDA). A copy of the estimates; including maximum property purchase price, loan LVR amount and the Deferred Deposit amount needed, must also be provided to AffordAssist;
- What you have now maybe enough. Real scenarios of Buyers with less than 1% cash deposit have been approved.
- AffordAssist collates the information including the AffordAssist forms and determine your eligibility for the AffordAssist Deferred Deposit Agreement (DDA); and
- It is essential you work with professionals who understand the AffordAssist product/ process and Deferred Deposit Agreement (DDA) to ensure your successful property purchase. Approved professionals includes: lenders, mortgage brokers, developers, property consultants and agents.
The AffordAssist Interest-Free Deferred Deposit Solution—A Smarter Alternative to Cash Deposits—delivers three smarter, more flexible pathways to home or investment ownership.
Option 1: You have income but not the full-cash deposit—or parents who want to help without taking on risk.
Option 2: You have the full-cash deposit—Cash is king, and you may want to keep some. Receive two approval options.
Option 3: Struggling to settle on a property—Can’t bridge the gap. Consider the AffordAssist Deposit Certificate solution.
Both forms must to be completed. Where partners are buying a property the forms are to be completed accordingly. A Customer Care team member will give you a call to help.
Apply when you are ready to Change Your Life.
Pre-Qualification Form
The purpose of this form is to gain an initial understanding of your financial circumstances (and, where applicable, those of your property purchase partner) and to determine, at the first stage, whether you are eligible to be referred to an AffordAssist-approved mortgage broker.
If eligible, an AffordAssist-approved lender or mortgage broker will then be able to provide you with personalised and timely support.
Where applicable, partners purchasing a property are strongly encouraged to complete the form together.
Fast-Track Readiness Form
The purpose of the Fast-Track Readiness Form is to help us understand more about you and your level of commitment to owning your own home. The form also helps determine your readiness to buy now, enabling AffordAssist to provide timely and relevant support.
Where applicable, partners purchasing a property are strongly encouraged to complete the form together.
As part of our governance process, this form may be shared with property sellers to support your application.
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.