First Home Buyer Scheme Secured
First home buyer securing this beautiful free-standing house in the Central Coast area after lots of perseverance in this hot market. With a Total land area of 664 sqm, this dwelling offers lots of space, a generous floor plan, a Pool, and a large shed with future granny flat potential. They were also able to secure the First Home Guarantee scheme offered under NHFIC, to purchase their first home with a deposit of as little as 10% without the need for lenders’ mortgage insurance (LMI).
Key Highlights
- First home buyer securing a place in the Federal Government’s First Home Guarantee Scheme.
- 90% LVR with no LMI required.
- 664 sqm property with future potential to develop a granny flat.
Loan Purpose
LVR
Loan Type
Repayment Type
Investment Rate Type
Offset Facility
Government Grant/Scheme Used
Yield on Property
Total Funds Required (Outside Leverage)
Equity Used
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Purchase of Residential Investment
90%
Packaged Home Loan
Interest only
Variable
Yes
No
4.5%
$0
Yes 25% of purchase price from another Investment property
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