Dear All
Sometimes innovation requires a little respectful explaining — especially when something looks similar to what people already know.
Take this example: Uber is a ride-share service, not a taxi. Initially, this similarity sparked plenty of discussion and debate. Today, ride-sharing is widely understood and accepted — a reminder that even extraordinary innovations often take time for communities to consider new perspectives, fully adopt, and appreciate.
AffordAssist has gone through something similar. At first glance, some assume it’s vendor finance or a loan — but it’s not.
Here’s why
Why AffordAssist is NOT Vendor Finance or a Loan
AffordAssist provides a proprietary Deferred Deposit Agreement (DDA) — a legal framework that helps a Buyer and Seller complete a property purchase when the Buyer doesn’t have the full cash deposit available upfront.
It includes an interest-free payment plan for the deferred balance. Combined with your available savings and (where applicable) Government grants or incentives, the total deposit meets standard lending conditions.
However, AffordAssist is not a lender or financier. Key distinctions include:
- No money is lent or receipted
- No vendor finance is provided or recorded
- The vendor has no influence over your loan servicing, application, or approval process
- The vendor has no control over your AffordAssist Deposit Certificate
- AffordAssist simply defers part of the deposit into an interest-free payment plan — nothing more, nothing less
The AffordAssist Framework
The AffordAssist framework enables better outcomes for all stakeholders.
It includes systems, governance processes, and coaching — together ensuring clarity, compliance, and confidence for buyers, sellers, and lenders alike.
These elements are critical to successful settlements and payment of the deposit balance:
- Loan Settlement: The AffordAssist Deposit Certificate confirms adherence to the governance process and forms part of the verified funds to settle the home loan.
- Property Settlement: The Deferred Deposit Agreement (DDA) manages the balance of the deposit payments and provides structured protection for all parties involved.
In short: AffordAssist bridges the deposit gap — not by lending money, but by restructuring how the deposit is paid.
Independent — Not a Vendor or Financier
AffordAssist provides a product and service, not finance or property.
We are not a vendor, developer, broker, lender, accountant, financial planner, lender’s mortgage insurer, or adviser.
This distinction matters because it ensures there’s no conflict of interest, no vendor control, and no financial bias.
Our role is to provide the framework, systems, and governance that help eligible buyers enter the property market sooner — safely, transparently, and in line with lending requirements.
If you’d like to learn more, you can visit our FAQs page or book a quick chat to discuss how AffordAssist could apply to your situation.
Regards
AA
B2B – AffordAssist facilitates and oversees the governance process. Are you a mortgage broker, lender, developer, real estate agent, affordable housing advocate, or housing minister? We welcome your collaboration. Join us in our mission to expand access to home ownership. Together, we can make a lasting impact.