First homeowner

First homeowner

a person purchasing their first property.

If you plan to build a new home from scratch, you can still be eligible for the FHOG in NSW as long as your land plus the home you build have a combined value of less than $750,000.

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You may be eligible for a $10,000 grant under the First Home Owner Grant (New Homes) scheme. The scheme is managed by Revenue NSW.

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FHA loans are excellent for first-time homebuyers because, in addition to lower up-front loan costs and less stringent credit requirements, you can make a down payment as low as 3.5%.

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