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Buying your first property is a big life decision. As a first home buyer, you will be looking for continued support and up to date information from your home loan provider. Australian Mutual Bank is dedicated to being with you every step of the way to make the process as straightforward and stress free as possible. Whether you have only just started thinking about it or you are ready to purchase your first home, Australian Mutual Bank can provide the resources, products and expertise to assist you on this exciting journey.
Australian Mutual Bank has been selected to provide Government guaranteed loans under the Home Guarantee Scheme (previously known as the First Home Loan Deposit Scheme). This is an Australian Government initiative to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 percent.
Even if you feel that buying a property is still a long way off for you, our friendly staff can talk you through the process and offer you some guidance to ensure you are on the right path.
View the Home Buyer's Guide to find out more about the process of buying a home and for some handy hints and tips.
If you are ready to buy, a fast approval is crucial so when the right property comes up, you are in a position to purchase it straight away. Our lending specialists can assist you in obtaining full approval quickly and easily.
Australian Mutual Bank is proud to be a Participating Lender in the Australian Government's First Home Guarantee (FHBG), previously known as the First Home Loan Deposit Scheme.
The Australian Government supports eligible home buyers to purchase a home sooner, under the FHBG where eligible first home buyers can purchase a modest home with a deposit of as little as 5 per cent. You can find more information about the FHBG and eligibility criteria on the Housing Australia website.
The Regional First Home Buyer Guarantee is an Australian Government initiative that aims to support eligible regional first home buyers to purchase a home with as little as 5% deposit.
Eligible regional first home buyers can use the RFHBG in conjunction with other government programs like the First Home Super Saver Scheme or state and territory first home owner grants and stamp duty concessions.
The Family Home Guarantee aims to support eligible single parents with at least one dependent child in purchasing a family home, regardless of whether that single parent is a first home buyer or a previous home owner. You can use the Family Home Guarantee to build a new home or buy an existing home with a deposit of as little as 2%.
You can find more information about the FHBG and eligibility criteria on the Housing Australia website. When you’re ready to apply, you can fill out the form below to request a call from a lending specialist who will help you with your application.
Saving enough money for a home deposit sounds unachievable for many first-home buyers. Contrary to what you may have heard, you don’t always need to have a 20% deposit. To take advantage of today’s favourable market conditions for first home buyers, our First Home Buyer loan has a Family Support option, which means parents can help children purchase their first home by using the equity in their property to guarantee the entire deposit, or a percentage of it.
Using the Family Support option, you may be able to purchase a home with no deposit, avoiding paying lenders mortgage insurance (LMI), which can amount to thousands of dollars.
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