95% FIRST HOME BUYER CONSTRUCTION PROGRAM[vc_row][vc_column][vc_column_text]Our facility has been designed to meet the changing environment confronting the building industry in 2020. It enables home buyers to maximise their opportunities by bringing forward applicable Federal and State based Grants into lending policy in an ‘above the line’ transaction which allows lenders to minimise risks while providing reliable and ongoing funding for construction purposes in the First Home Buyer market.
It is a specialised program made available by the Funder to selected and approved builder relationships. The product combines a first mortgage of up to 80% LVR with a second mortgage of up to 15%. *The Lender Protection Fee of 3.50% replaces traditional Lenders Mortgage Insurance and is paid by the Builder directly to the Lender to access this specialised funding line.[/vc_column_text][vc_empty_space alter_height=”medium” hide_on_mobile=””][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]Only $5000 genuine savings are required.
- Grant can be used as balance of 5% deposit.
- Gifts can be used as balance of 5% deposit.
- Rebates can be used as balance of 5% deposit
- Up to 95% LVR.
- Choice of valuers