There are Government support schemes available to eligible borrowers within these groups to buy a home, and you have come to the right place for assistance. Unity Bank is a participant in the Australian Government’s Home Guarantee Scheme offered nationally by Housing Australia. Find out more below and do a quick check of your eligibility for each of the options by clicking on the ‘Eligibility criteria’ and ‘Key benefits’ links.
To talk to someone about these assistance options and have a conversation about your own situation, contact us on 1300 36 2000.
You can also find more information about the Home Guarantee Scheme on the Housing Australia website www.housingaustralia.gov.au
| Family Home Guarantee (FHG) |
|
| Who is eligible? |
Australian citizens or permanent residents4 Single parents or single legal guardians of one or more dependent children who do not currently own property or won’t have any other property interest once their new home settles. |
| Purchase location | Australia-wide |
| Minimum deposit | 2% of Property Value |
| Income threshold | Up to $125,000 as shown on the ATO Notice of Assessment |
| Property price caps | Yes, property price caps for the purchase location can be viewed here. |
| Asset limits | No |
| Family Home Guarantee (FHG) |
|
| Government’s contribution to equity | No |
| Avoid Lenders Mortgage Insurance (LMI) | Minimum 2% deposit required |
| Get Ahead Start Guarantor option available | No |
| Ongoing fee | $0 |
| Establishment fee | $0 |
| Settlement fee | Waived |
| Valuation fee | Waived up to $1000 |
"We have been really impressed with the personal approach, competitive rates, and range of products available with Unity. They are upfront in their dealings, quick to process applications or account changes, and transparent with status updates and providing important information in an easy to understand format."
Sian, Member
4 For Family Home Guarantee, permanent residents include New Zealand citizens for the purposes of citizenship applications only.
Credit eligibility, terms and conditions, additional fees & charges may apply. All information including interest rate is subject to change.
