Regional First Home Buyer Guarantee Scheme (RFHBGS)

This Australian Government initiative allows Aussi’s to purchase their first home sooner. People that have lived in a regional area or adjacent regional area for at least 12 months can apply for a position under the scheme.

Some benefits of the scheme are:

• 5% deposit plus any applicable government stamp duty and registration costs
• Single, couples, friends and family members can apply
• Save on Lenders Mortgage Insurance (LMI)
• We lodge and handle your application on your behalf
• Helpful advise and tips to plan for your purchase

                               

This shared equity scheme will allow not just singles and couples, but friends and family members can make a joint application, meaning you only need a 5% minimum deposit plus government stamp duty so that you can buy your own home and enjoy the benefits of gaining equity instead of losing money renting. Permanent residents are also eligible under the scheme, to find out more and how we can help you move into your own home sooner, call the team at Mortgage Choice Gippsland today on 0427 238 222.