Low Deposit: Accessible for first-time buyers with only a 5% deposit.
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At Prestige Lending Partners, we prioritize your dream home. With years of experience, we simplify the mortgage process, offering personalized service
New Home Guarantee Scheme
At Prestige Lending Partners, we're committed to helping you achieve your dream of homeownership through innovative solutions like the New Home Guarantee Scheme. This initiative opens doors for individuals and families who may face challenges in securing traditional home loans, empowering them to step into a new chapter of their lives with confidence.
KEY POINTS
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Government Backing: Offers security to lenders, facilitating favorable terms.
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Simplified Process: Streamlined application for smooth experience.
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Personalized Support: Guidance tailored to individual needs throughout.
At Prestige Lending Partners, we're committed to helping you achieve your dream of homeownership through innovative solutions like the New Home Guarantee Scheme. This initiative opens doors for individuals and families who may face challenges in securing traditional home loans, empowering them to step into a new chapter of their lives with confidence.
KEY POINTS
-
Low Deposit: Accessible for first-time buyers with only a 5% deposit.
-
Government Backing: Offers security to lenders, facilitating favorable terms.
-
Simplified Process: Streamlined application for smooth experience.
-
Personalized Support: Guidance tailored to individual needs throughout.
New Home Guarantee Scheme
Frequently asked questions
What is the New Home Guarantee Scheme?
The New Home Guarantee Scheme is an initiative by the Australian Government designed to assist eligible first home buyers in purchasing a new home with a deposit as low as 5%, without the need for Lenders Mortgage Insurance (LMI).
Who is eligible for the New Home Guarantee Scheme?
Eligibility criteria include being a first home buyer, having a taxable income within the thresholds set by the government, intending to live in the property as your primary residence, and meeting other specific requirements outlined by the scheme.
How does Prestige Lending Partners facilitate the New Home Guarantee Scheme?
Prestige Lending Partners works closely with first home buyers to navigate the New Home Guarantee Scheme process. We provide guidance on eligibility criteria, assist with loan applications, and help buyers understand their options to secure a new home with a minimal deposit.
What are the benefits of the New Home Guarantee Scheme?
The scheme offers eligible first home buyers the opportunity to enter the property market sooner with a smaller deposit, potentially saving thousands in Lenders Mortgage Insurance costs. It aims to make homeownership more accessible and affordable for Australians.
How can I get started with the New Home Guarantee Scheme through Prestige Lending Partners?
To begin your journey towards homeownership under the New Home Guarantee Scheme, simply contact Prestige Lending Partners to schedule a consultation. Our experienced team will assess your eligibility, discuss your options, and guide you through the process step by step.
