EP:24 - First Home Guarantee Explained

First Home Guarantee  (FHBG) Explained.

Did you know that you can get into the market with as little as 5% deposit without needing your mum or dad to go guarantor? Instead, the National Housing Finance and Investment Corporation (NHFIC) will guarantee the rest of the loan for you to the bank.

There is a price cap on this guarantee though, to check the eligibility of the postcode you're looking in - checkout the postcode search tool below:
https://www.nhfic.gov.au/support-buy-home/property-price-caps

In just over 10  minutes, you'll learn the following from this episode.
- What is the First Home Guarantee and how does it work
- Which type of assets can you buy under this guarantee
- Implications buying with a partner
- Eligibility criteria
- How/where to apply
- The income threshold applicable to this grant
- Plenty of other sneaky little points to make sure you qualify!

Don't forget to check out the summary post on our Instagram.

Facebook: facebook.com/everythingproperty.au
Instagram: www.instagram.com/everythingproperty
LinkedIn: linkedin.com/everythingproperty
Website (Coming soon)

Disclaimer: The topics, conversation, opinions and discussion provided in this episode  are general in nature. As a listener you should not take or use the information discussed as financial advice. Everything Property and its associates recommend that you always engage in independent financial advice before making any investment or purchasing decision.