Minimum employment period for casual jobs
How long do I need to be employed in a casual role for my income to be considered for my first home loan? At FHBA, we get asked this question a lot. A lot of aspiring first home buyers are…
Tag first home buyer
March 2024 RBA Rates Call: What it means for first home buyers?
On Tuesday the 19th of March, the Reserve Bank of Australia (RBA) decided to maintain the interest rates at 4.35%, marking the third consecutive month where the rate has remained unchanged. Many experts are predicting that we have already hit…
FHBA Views: Government’s proposed ‘Help to buy’ Scheme
The Federal Labor Government’s Help to Buy scheme, set to launch this year, has been touted as a game-changer for aspiring first home buyers, with the Government proposing to provide an equity contribution of up to 40% of the purchase…
First Home Buyer Guarantee Scheme: Capital Cities
The First Home Guarantee (FHBG) is part of the Federal Government’s Home Guarantee Scheme (HGS), assisting aspiring first home buyers get into the market sooner with the minimum deposit of just 5% in every capital city (as well as major…
LMI Waivers now available for Registered Nurses, Midwives, Speech Pathologists & Occupational Therapists
FHBA is pleased to announce that we have access to multiple lenders who have extended its Lenders Mortgage Insurance (LMI) waivers policy for professions that have not been eligible for the 10% deposit LMI Waiver prior. Registered Nurses & Midwives…
WA Building Bonus Scheme
The WA Govt announced a $125 million package for the WA construction sector in June 2020. This scheme provides a $20,000 grant for those looking to build or buy a new home. The $20,000 grant announced by the WA government…
New home or established home? What should I buy?
Deciding whether to buy a new or established home is one of the toughest decisions a first home buyer has to make when they are in the process of searching for their first home. WHAT IS THE DIFFERENCE? An “established”…
First Home Loan 5% Deposit Scheme Explained
In May 2019, the Morrison Government announced the first home loan deposit scheme to be administered by the NHFIC, 10,000 first home buyers will be able to take advantage of the scheme from 01 Feb 2020. Click here to get…
First home incentives extended for Tasmanian first home buyers
The Hodgman Liberal Government has continued to show its strong support for the building and construction industry, by encouraging more dwelling construction so more Tasmanians can be in a position to own their own home. The Government has delivered continued…
The new financial year brings some killer home loan deals for first home buyers!
The 2018/19 Financial Year is already here, as the property markets across the country continue to cool. Not only are property sellers finding it hard to attract buyers but Australian lenders are also looking to get their financial year off…