EP:24 - First Home Guarantee Explained
First Home Guarantee (FHBG) Explained.
Did you know that you can get into the market with as little as 5% deposit without needing your mum or dad to go guarantor? Instead, the National Housing Finance and Investment Corporation (NHFIC) will guarantee the rest of the loan for you to the bank.
There is a price cap on this guarantee though, to check the eligibility of the postcode you're looking in - checkout the postcode search tool below:
https://www.nhfic.gov.au/support-buy-home/property-price-caps
In just over 10 minutes, you'll learn the following from this episode.
- What is the First Home…
The skinny
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