- In First things first - Steps before applying for finance, Home sweet home - first home owner finance
If you are a first home buyer, it can be difficult to save a deposit. There are certain schemes available from the government to help first home buyers, but some have very limited places, as well as maximum income caps.
What offers are available for first home buyer university graduates?
There are options available amongst specialised lenders, whom will lend 100% of your desired property amount, if you are a university graduate, from a registered University, with three years industry experience in selected white collar professions.
You will still need to cover the cost of entry fees and stamp duty, however, in NSW, there is nil stamp duty payable for first home buyers purchasing a property of up to $650,000. For properties above $650,000, up to $800,000 there are concessions on the amount of stamp duty payable. Therefore the entry costs can be quite minimal.
For this 100% home loan, the maximum loan amount is $1 million, which is quite generous for first home buyers in the current Sydney market. The property must be used as owner occupied and not as an investment property.
What does this mean for you?
If you are a University Graduate with three years in the industry and no deposit held, we may be able to assist you to get into your first home.
There are several items we will need to review, including your spending habits, via your bank statements, which is a focus of all lenders when assessing your home loan eligibility..
Bee Finance Savvy – getting your numbers right before you apply
At Bee Finance Savvy, we assess your situation upfront, including your income, expenses, spending habits and other important factors. We can match you with a lender that will suit your needs and that is most likely to approve you based on your own unique circumstances. We will discuss all of your options with you upfront, so that you are fully informed before any applications are put forward to a lender, and your credit record is marked. Even though lender rules are changing all the time, we stay up to date with them.
Our upfront assessments are 100% obligation free, so why not get in touch today. Our friendly brokers are here to answer all your questions, and help you on the way to reaching your goals.
If you’d like to hear from just some of our satisfied customers, take a look at our reviews on WOMO https://www.wordofmouth.com.au/reviews/bee-finance-savvy-miranda