A Wagga couple has become the latest to secure home ownership sooner through the Australian Government’s popular First Home Loan Deposit Scheme (FHLDS) which can help Australians to secure a home with as little as a 5 per cent deposit and no lenders mortgage insurance.
First Home Loan Deposit Scheme (FHLDS).
The FHLDS provides a guarantee to allow eligible first home buyers to purchase a home with a deposit of as little as five (5) per cent. However, the scheme is supporting only a limited number of home loans. First in, best addressed.
The Australian Government has released an additional 10,000 places for the 2021-2022 financial year, specifically for eligible first home buyers purchasing new homes.