First Home Loan Deposit Scheme
The federal government’s First Home Loan Deposit Scheme will guarantee mortgages for first home buyers who have only saved a 5% deposit, effectively helping them buy sooner without paying lenders mortgage insurance premiums.
Here’s how it works:
If you do not have 5%, or you miss out; with AffordAssist you may purchase with savings of as little as $10,000
This calculator compares AffordAssist against other; 5%, 10% and 20% deposit options, showing potential savings and potential future wealth by entering the market sooner.
AffordAssist is an affordable housing program specifically designed to meet the needs of first-home buyers. It is a corporate solution offered alongside government initiatives with a single purpose to increase first-home ownership in Australia.