Bank Australia is helping first home buyers as an approved lender for the Federal Government’s First Home Loan Deposit Scheme.
You could be a home owner before you know it.
We know how hard it is to save for a deposit when you’re renting, working and studying. That’s why we’ve signed on as an approved lender to the Government’s new first home buyer initiative, the ‘First Home Loan Deposit Scheme’.
The First Home Loan Deposit Scheme allows eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5%. The scheme removes the (often significant) cost of Lender’s Mortgage Insurance (LMI) which is something you would usually pay if you have a deposit of less than 20%.
You can check your eligibility below or head to the Government’s website quiz to answer a series of questions.
If you have any questions, call us on 132 888.