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.
Variable Rates
5.99
%
p.a.
Interest rate
5.99
%
p.a.
Comparison rate
|
Fixed Rates
5.74
%
p.a.
Interest rate
6.88
%
p.a.
Comparison rate
|
| Family Home Guarantee (FHG) |
|
| Who is eligible? |
Australian citizens or permanent residents4 Single parents or single legal guardians who do not currently own a property or do not intend to own a separate property when they settle on the home |
| Purchase location | Australia-wide |
| Minimum deposit | 2% |
| Income threshold | Up to $125,000 |
| Property price caps | Yes, property price caps for the purchase location can be viewed here. |
| Asset limits | No |
| Family Home Guarantee (FHG) |
|
| Variable rates |
From 5.99% p.a. (Comparison Rate 5.99% p.a. ) Owner Occupied | Principal & Interest | LVR<60% |
| Fixed rates |
From 5.74% p.a. (Comparison Rate 6.88% p.a. ) Owner Occupied | Principal & Interest | Fixed 3 Years |
| Government’s contribution to equity | No |
| Avoid Lenders Mortgage Insurance (LMI) | Minimum 2% deposit required |
| Option of third party guarantee to avoid/reduce LMI | No |
| Annual fee | Waived |
| Establishment fee | Waived |
| Settlement fee | Waived |
| Valuation fee | Waived - for one property only |
| Unity Bank legal fee | Waived |
View our member testimonials and see how we've helped them achieve their home ownership dreams.
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.
