Well now you can First Step Homes Step Homes is a Micro Deposit Lender.
We will assist you with your deposit to move ahead with homeownership.
We will assist you with your deposit to move ahead with homeownership.
Our specialists will guide you through what can be an intimidating process.
You’ll have confidence knowing that any decision you make will be based on a responsible assessment of your situation.
You’ll have confidence knowing that any decision you make will be based on a responsible assessment of your situation.
How does borrowing your deposit work?
We can organise your Deposit Gap Loan through First Step Homes. Not only covers your 5% but the costs involved for the purchase of your new home. e.g. stamp duty, legal, banks/govt fees & charges etc.
If you have savings you may want to keep your savings for emergencies or other investments. If you're selling another property to buy your new home, you may not have access to the cash from the sale in time to meet the deposit deadline. You may be able to get a better return on your savings by leaving them to pay a deposit or simply you haven't had the ability to save your deposit due. To lend your deposit for your new home you must be able to service a personal loan plus your mortgage.
Criteria:
If you have savings you may want to keep your savings for emergencies or other investments. If you're selling another property to buy your new home, you may not have access to the cash from the sale in time to meet the deposit deadline. You may be able to get a better return on your savings by leaving them to pay a deposit or simply you haven't had the ability to save your deposit due. To lend your deposit for your new home you must be able to service a personal loan plus your mortgage.
Criteria:
- Good income over $140,000 inclusive of tax - ex super
- Good Clean Credit with a Equifax score of 650 -Get your free report: https://registration.my.equifax.com.au/eligibility-reason
- Australian/NZ Citizen or Permanent Residence
- Renting through an Agent/On-site Manager - showing good conduct through the rental period
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