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Home Guarantee Scheme Guidebook

If you're looking to buy your first home, now's the best time!

Home Guarantee Scheme Guidebook 2022

With this program, you can now buy a home with only a 5% deposit and also avoid paying Lenders Mortgage Insurance (LMI)! Usually, first-home buyers with less than a 20% deposit need to pay lenders' mortgage insurance. This is a fee to ensure the Lender, NOT YOU! In case you default on your mortgage.

 

If you’re quick enough to get in now! You don’t need to pay that at all, and you can buy your first home with as little as a 5% deposit.

 

CLICK HERE TO RESERVE YOUR SLOT! 

Find out more about this scheme.

WHAT ARE THE BENEFITS

 

For many of our first-time homebuyers, the main benefit is that it removes limitations, allowing them to enter the market sooner. This program allows you to buy your first home with a 5% deposit.

 

Another benefit is that the First Home Guarantee can also save you thousands of dollars in interest payments. Because LMI is often applied to your loan balance, you'll save even more money on interest than if it weren't applied.

WHAT TYPE OF HOMES ARE CAN BE BOUGHT UNDER THE HOME GUARANTEE SCHEME?

 

There are several types of eligible properties under the Home Guarantee Scheme.

 

These include a home, townhouse, or apartment that already exists, land and home package, vacant property with a separate contract to build a house, or an apartment or townhouse that hasn’t been built yet.

You're one step closer to getting your first home!

HOW DO YOU KNOW IF YOU'RE ELIGIBLE FOR THIS SCHEME?

To qualify for the Home Guarantee Scheme, applicants must be:
Requirement Eligibility
Income

Singles up to $125,000 taxable income for FY22

Couples up to $200,000 taxable income for FY22

Deposit At least 5% savings, up to a maximum of 20% savings 
First Home Buyer Yes, you must not have owned a property in Australia.
Citizenship Australian Citizens only. 
Minimum Age 18 years old and above. 
Living Arrangement You must move in and live in the property as your home within 6 months. 
Relationship  If buying as a couple, you must be married or de-facto you cannot buy with parents, friends or siblings. 

 

We’re here to help you get into a position where you can feel confident. If you don’t have a pre-approval and a guaranteed spot, OzBroker will help you navigate through all those details and ensure that you get in a position where you can feel confident.

     RESERVE YOUR SLOT HERE     

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