Author: Vizit(Newbie)Newbie 1 Apr 2025
Hi there,
I am looking for this below grant.
1. First Home Guarantee (FHBG):
- Purpose:
- Supports eligible first home buyers or those who haven't owned a property in the past 10 years to buy a home with a deposit as little as 5%.
- How it works:
- The Australian Government guarantees to a participating lender up to 15% of the value of the property purchased, allowing buyers to avoid paying Lender's Mortgage Insurance (LMI).
- Eligibility:
- Australian citizens or permanent residents.
- At least 18 years old.
- Earning up to $125,000 for individuals or $200,000 for joint applicants.
- Intending to be owner-occupiers of the purchased property.
- First home buyers or previous homeowners who haven't owned or had an interest in a real property in Australia in the past ten years.
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