How does the scheme work? Flashcards
1
Q
How does the FHLDS work?
A
Eligible first home buyers are able to apply for an eligible loan to purchase an eligible property through a participating lender.
Eligible borrowers can use the guarantee programs like the first home super saver scheme, home builder grant or state and territory first home owner grants and stamp duty concessions.
The guarantee is not a cash payment or a deposit for your home loan.
2
Q
How many people does the FHLDS support each year?
A
The FHLDS supports up to 10,000 guaranteed loans per financial year.
