5 Ways a Home Loan Broker Simplifies First Home Buyer Grants in Victoria
Looking for a h ome loan broker near me in Victoria? Buying your first home can feel daunting with all the grants and rules. Options like the $10,000 First Home Owner Grant make it easier, but they come with strict conditions. A skilled home loan broker guides you through everything. They save time, money, and stress. Read on for five simple ways they help first home buyers. Victoria's Key First Home Buyer Grants Explained Victoria offers strong incentives for first-time buyers. The First Home Owner Grant provides $10,000 for purchasing or building a new home valued up to $750,000. You need to live there for at least 12 months. Stamp duty exemptions fully apply to properties under $600,000. Partial relief is available up to $750,000. Federal programs add more help. The First Home Guarantee allows a 5% deposit without Lenders Mortgage Insurance on homes up to $950,000 in Melbourne or Geelong. The Help to Buy scheme shares up to 40% equity for new builds. You only need 2% upfront. I...