First Home Loan Deposit Scheme

27 Lenders Announced For The First Home Buyer Scheme

personOtto Dargan access_timeDecember 12, 2019

The National Housing Finance And Investment Corporation (NHFIC) has announced its full panel of lenders who’ll be offering the First Home Loan Deposit Scheme. Commonwealth Bank (CBA) joins National Australia Bank (NAB) as the second major participating bank in the government...

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NAB In, Westpac Out Of The First Home Buyer Scheme

personOtto Dargan access_timeNovember 27, 2019

The NHFIC announced NAB as the first major bank that will be offering home loans under the federal government’s First Home Loan Deposit Scheme. The scheme allows first home buyers (FHB) to qualify for a home loan with a deposit as low as 5% and pay no Lenders Mortgage Insurance...

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5 Per Cent Deposit Scheme Passes Legislation

personOtto Dargan access_timeOctober 22, 2019

The 5% deposit scheme for first home buyers known as the First Home Loan Deposit Scheme passed legislation on 15 October 2019. The National Housing and Investment Corporation (NHFIC) Amendment Bill 2019 was introduced to the House of Representatives on 12 September and the Senate...

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