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Wherever you are on your journey, we're here to help you get into your home sooner.
Eligibility Criteria |
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| Home Guarantee Scheme*3 | |||||
| First Home Guarantee (FHBG) |
Regional First Home Buyer Guarantee (RFHBG) | Family Home Guarantee (FHG) |
First Home Buyer Home Loan* |
Get Ahead Start Guarantor Option | |
| Who is eligible? |
Australian citizens or permanent residents4 Individual or joint applicants5 Either first home buyers or previous homeowners who haven’t owned a property in Australia in the last 10 years |
Australian citizens or permanent residents4 Individual or joint applicants5 Either first home buyers or previous homeowners who haven’t owned a property in Australia in the last 10 years At least one borrower must have lived in the regional area or adjacent regional area for the previous 12 months |
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. |
Australian citizens or permanent residents4 First home buyers |
Australian or New Zealand citizens or permanent Australian residents4 |
| Purchase location | Australia-wide | Australia-wide | Australia-wide | Australia-wide | Australia-wide |
| Minimum deposit | 5% of Property Value | 5% of Property Value | 2% of Property Value | 5% | N/A |
| Income threshold | Up to $125,000 for singles and $200,000 for couples as shown on the ATO Notice of Assessment | Up to $125,000 for singles and $200,000 for couples as shown on the ATO Notice of Assessment | Up to $125,000 as shown on the ATO Notice of Assessment | N/A | N/A |
| Property price caps | Yes, property price caps for the purchase location can be viewed here. | Yes, property price caps for the purchase location can be viewed here. | Yes, property price caps for the purchase location can be viewed here. | No |
No |
Key benefits |
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| Home Guarantee Scheme*3 | ||||
| First Home Guarantee (FHBG) |
Regional First Home Buyer Guarantee (RFHBG) | Family Home Guarantee (FHG) |
First Home Buyer Home Loan* |
|
| Rates |
5.24% p.a.
Variable Rate (Comparison Rate 5.29% p.a. ) Owner Occupied | Principal & Interest |
5.24% p.a.
Variable Rate (Comparison Rate 5.29% p.a. ) Owner Occupied | Principal & Interest |
5.24% p.a.
Variable Rate (Comparison Rate 5.29% p.a. ) Owner Occupied | Principal & Interest |
5.24% p.a.
Variable Rate (Comparison Rate 5.29% p.a. ) Owner Occupied | Principal & Interest |
| Government’s contribution to equity | No | No | No | No |
| Avoid Lenders Mortgage Insurance (LMI) | Yes, minimum 5% deposit required | Yes, minimum 5% deposit required | Yes, minimum 2% deposit required | Yes if 20% deposit or with Get Ahead Start Guarantor option |
| Get Ahead Start Guarantor option (borrow up to 100% LVR) | No | No | No | Yes |
| Annual fee | $0 | $0 | $0 | $0 |
| Establishment fee | $0 | $0 | $0 | $0 |
| Settlement fee | $0 | $0 | $0 | $0 |
| Valuation fee | Waived up to $1000 | Waived up to $1000 | Waived up to $1000 | Waived up to $1000 |
"We were very pleased with the speed and personalised service we received from the team at Unity Bank in helping us purchase our first home. We also found their products to be very competitive. Unity Bank has more of a family feel to it than a corporation. We have already recommended them to others, as we are very happy with them."
Emanuel, Member
3 Unity Bank is authorised to offer the Australian Government’s Home Guarantee Scheme, under which the Government guarantees up to 15% of the value of the property (First Home Guarantee and Regional First Home Buyer Guarantee) and up to 18% for Family Home Guarantee. The Guarantees are not cash payments or deposits for your home loan. For more information click First Home Guarantee (PDF), Family Home Guarantee (PDF) and Regional First Home Buyer Guarantee (PDF). Target Market Determination available here.
4 For the Victorian Homebuyer Fund and Home Guarantee Scheme, permanent residents include New Zealand citizens.
5 Joint applicants may include partners, friends, siblings, and other family members.
* Credit eligibility, terms and conditions, additional fees & charges may apply. New loans only.
Eligibility criteria, terms and conditions and fees and charges apply. All information including interest rate is subject to change.
