{"id":9016,"date":"2020-10-01T00:00:00","date_gmt":"2020-09-30T14:00:00","guid":{"rendered":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/first-home-loan-deposit-scheme-more-positive-news-for-first-home-buyers\/"},"modified":"2020-10-01T00:00:00","modified_gmt":"2020-09-30T14:00:00","slug":"first-home-loan-deposit-scheme-more-positive-news-for-first-home-buyers","status":"publish","type":"post","link":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/first-home-loan-deposit-scheme-more-positive-news-for-first-home-buyers\/","title":{"rendered":"First Home Loan Deposit Scheme \u2013 More positive news for First Home Buyers"},"content":{"rendered":"<p>As part of the 2020-21 Federal Budget, under the \u2018Driving Jobs Through Housing\u2019 package extension, the Australian Government has committed an additional 10,000 First Home Loan Deposit Scheme (FHLDS) places for the 2020-21 financial year. This is positive news for you, if you\u2019re an eligible first home buyer looking to purchase a new up home, valued at $850,000<strong> <\/strong>or less at Manor Lakes. Not only has the threshold for the price of homes been increased but first home buyers have now been given a longer time frame to take up an allotted place in the scheme. The First Home Loan Deposit Scheme is now available until 30 June, 2021.<\/p>\n<p><\/p>\n<p>Usually, first home buyers with less than a 20 percent deposit need to pay lenders mortgage insurance. However, under the scheme, eligible first home buyers can purchase a new home with a deposit as little <strong>as 5 per cent<\/strong>. This is because the National Housing Finance and Investment Corporation (NHFIC) guarantees a participating lender up to 15 percent of the value of the property purchased that is financed by an eligible first home buyer\u2019s home loan.<\/p>\n<p><\/p>\n<p><strong>How to apply?<\/strong><\/p>\n<p><\/p>\n<p>All applications for the First Home Loan Deposit Scheme need to be made directly with one of the Scheme\u2019s <a href=\"http:\/\/nhfic.gov.au\/what-we-do\/fhlds\/how-to-apply\/#FHLDSlenders\" target=\"_blank\">participating lenders<\/a>. (Link to government lenders page) NHFIC doesn\u2019t accept applications directly from first home buyers.<\/p>\n<p><\/p>\n<p>You can apply for a Scheme-backed loan with more than one participating lender, so you can shop around for a competitive home loan rate. You will only receive one place under the Scheme, no matter how many lenders you approach.<\/p>\n<p><\/p>\n<p>If you need any further clarification, visit the official NHIFC \u2013 First Home Loan Deposit Scheme on the Australian Government website\u00a0 <a href=\"https:\/\/www.nhfic.gov.au\/what-we-do\/fhlds\/\">https:\/\/www.nhfic.gov.au\/what-we-do\/fhlds\/<\/a>\u00a0 or speak to our accredited <strong>Mortgage Brokers, Mortgage Domayne on (03) <a href=\"mailto:9333%208380\">9333 8380<\/a> or email <a href=\"http:\/\/dennisdocs\/otcsdav\/nodes\/2310345\/hello%40mortgagedomayne.com.au\">hello@mortgagedomayne.com.au<\/a> to find out more. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of the 2020-21 Federal Budget, under the \u2018Driving Jobs Through Housing\u2019 package extension, the Australian Government has committed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-9016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters"],"acf":[],"_links":{"self":[{"href":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/wp-json\/wp\/v2\/posts\/9016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/wp-json\/wp\/v2\/comments?post=9016"}],"version-history":[{"count":0,"href":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/wp-json\/wp\/v2\/posts\/9016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/wp-json\/wp\/v2\/media\/6742"}],"wp:attachment":[{"href":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/wp-json\/wp\/v2\/media?parent=9016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/wp-json\/wp\/v2\/categories?post=9016"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/dev.build.optimodesign.com.au\/manorlakes\/wp-json\/wp\/v2\/tags?post=9016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}