First Home Buyer Loans in Townsville

First Home Buyers

Buying your first home should be an exciting and satisfying experience. With a little knowledge and preparation, it can be. There are a number of things to be aware of—ranging from the various government benefits for first home buyers to understanding the requirements of obtaining loan finance.

Don’t worry about these factors—that’s where the team at Best Home Loans comes in. We will talk to you about your eligibility for the First Home Owners Grant, stamp duty exemption schemes, the deposit amount required, your loan capacity, and repayments. We can make the process as easy for you as possible.

To learn more about first home buyer loans, get in touch on (07) 4779 0555. The team at Best Home Loans can assist clients all throughout Australia.

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First Home Guarantee (FHBG)

Not all lenders offer the First Home Guarantee. If you are eligible to participate in the scheme, we will notify you.

The key checks for your personal circumstances:

Income thresholds
No prior property ownership more than 10years
Citizenship & Permanent Residents
Minimum age
Deposit requirement
Owner occupied requirement

First Home Guarantee Fact Sheet Make an Enquiry

The Regional First Home Buyer Guarantee (RFHBG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible home buyers to buy a home sooner. It is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government.

To apply for the RFHBG, home buyers must be:

Applying as an individual or joint applicants
An Australian citizen(s) or permanent resident(s) at the time they enter the loan
At least 18 years of age
Earning up to $125,000 for individuals or $200,000 for joint applicants, as shown on the Notice of Assessment (issued by the Australian Taxation Office)
Intending to be owner-occupiers of the purchased property
Home buyers who have not previously owned, or had an interest in, a property in Australia or in the ten years prior to the date they execute their home loan.
First home buyers or previous homeowners who haven't owned a property in Australia in the past ten years.

The Family Home Guarantee (FHG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible single parents or eligible single legal guardians of at least one dependent to buy a home sooner. It is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government.

To apply for the FHG, home buyers must be:

Applying as an individual
A single parent or single legal guardian of at least one dependent (see Eligible Single Parent and Eligible Single Legal Guardian note below)
An Australian citizen or permanent resident at the me they enter the loan.
At least 18 years of age
Earning no more than $125,000 per year
Intending to be the owner-occupier of the purchased property
NOT currently owning property, or upon settlement of the guaranteed property they’re buying, not intending to own a separate property.