First Home Buyers Assistance Account
The First Home Buyers Assistance Account is a state government scheme in Western Australia, administered by the Real Estate and Business Agents Supervisory Board. It is a grant for first home buyers who purchase an established or partially built home (not vacant land, a plan or a house and land package).
It is a grant of up too $2,000 to assist first home buyers with fees associated with buying your first home. Some of these fees may include, settlement agent fees, loan establishment fees and mortgage registration fees. Some of the conditions to qualify for the First Home Buyers Assistance Account Grant are -
- You must purchase the home from a licensed real estate agent.
- The purchase price must be $400,000 or less.
- You must live in the house for a minimum of 12 months.
- Your home loan is financed through an authorized lending institution such as a bank, building society or credit union.
- Your Application for the First Home Buyers Assistance Account is lodged within 90 days after the date in which your offer to purchase the property was accepted.
- Applicants must be buying their first home, which is established or partially built (not vacant land or a house and land package)
The First Home Buyers Assistance Account grant is generally paid to your home loan, around 8 weeks after the settlement of your first home. It is another great incentive from the Western Australian state government and the Real Estate Agent And Business Supervisory Board.
As your mortgage broker, if you qualify for the First Home Buyers Assistance Account, we will help you complete all the paperwork with the First Home Buyers Assistance Account, to help take the worry out of purchasing your first home.
If you would like some more information about the First Home Buyers Assistance Account in Perth, contact Perth Mortgage Broker Group , or call Troy on 0411 229 602, 7 days a week.