At People’s Choice, we’re excited to be able to help even more people into their first home.
The Federal Government recently announced it was extending its First Home Loan Deposit Scheme (FHLDS) by making another 10,000 places available for 2020-21 for those looking to build their first home or buy a newly built home under the New Home Guarantee.
Under the New Home Guarantee, first home buyers can borrow funds to build a new home with a deposit as low as 5%.
“It’s a very positive program and People’s Choice has been part of it as an approved lender since the very beginning,” said spokesperson Stuart Symons.
“By itself the scheme reduces a major hurdle to home ownership and can save something like $10,000 on an average mortgage, but we’ve created additional benefits to give first home buyers an even bigger leg up.”
Firstly, People’s Choice has created a special First Home Buyer loan with an extremely competitive interest rate of less than 2% p.a.
People’s Choice has also negotiated to ensure people accessing the Federal Government HomeBuilder grant can use the money to pay for costs such as stamp duty and conveyancing, which is not standard.
Our expert loan staff can also offer personalised, professional advice to ensure first home buyers make the most of every opportunity.
“At the moment there are a number of programs and incentives offered at both the Federal and State level to help people secure their first home, which together can make an incredible difference,” Mr Symons said.
“And that’s where our focus is, working with people to get them into a home of their own as quickly as possible.”
To learn how you can take this opportunity to secure your first home, simply call us on 13 11 82.