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What Types Of Properties Are Eligible For First Home Loan Deposit Scheme? Business

5 months ago   Services   Parramatta   63 views Reference: 484

Location: Parramatta

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Under the first home loan deposit scheme, eligible first home buyers can buy the following types of properties:

  • An existing house, townhouse or apartment

  • A house and land package

  • A vacant land together with a separate contract to build a home

  • An off-the-plan apartment or townhouse

Once you’ve been pre-approved for a home loan by one of the participating lenders, you’ll have 90 days to find and sign a contract of sale for an eligible property that you want to buy. Finally, once you’ve signed a contract of sale, you’ll have an additional 30 days from the signing date to finalize the paperwork and checks for your home loan.