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.
| 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 5.54% p.a. (Comparison Rate 6.82% 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 |
"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.
