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Do you require the very first home owners grant as a deposit?

Do you require the very first home owners grant as a deposit?

The initial house owner Grant (FHOG) scheme had been introduced on 1 July 2000 to offset the effectation of the GST on home ownership. It really is a scheme that is national by the states and regions and administered under their very own legislation.

A one-off grant is payable to first home owners that satisfy all the eligibility criteria and in many cases can be put toward your deposit under the scheme. An uno mortgage loan specialist can get hold of your loan provider about whether you’re eligible. Some loan providers will be able to process the grant for you if you opt to make an application for that loan.

The approval procedure