At the moment there are a range of support packages available to first home buyers and we pulled off the ‘quadfecta’ for a recent client of ours.
The first home buyers had a combination of savings and gifted cash to compile together 5% of the land and build price, plus a clean and consistent rental history. The bank recognised this and were able to secure a land and build worth $440,000 with their deposit of $23,300 (or just over 5%).
Endeavor guided applicants in pursuing all available grants for first home buyers and builders and were successful in all applications, pulling off almost $60,000 in savings for the pair!
The grants the pair were eligible for included:
| Grant | Grant amount |
|---|---|
| Cash saved as a result of First Home Buyer stamp duty exemption | $4,370 |
| Cash as a result of ‘First Home Owners Grant’ | $20,000 |
| Cash as a result of ‘Home Builder Grant’ | $25,000 |
| Cash saved as a result of ‘New Home Guarantee’ | $10,000 |
| Total benefit as first home buyers | $59,370 |
These outstanding results are a regular day at the office for our team. If you or a family member are looking to join the property market we highly recommend you speak to Llewe or Adam at Endeavor Finance to get the Endeavor Finance difference.
Call 03 5434 7690 or email [email protected]