Are you eligible for The First Home Buyers Grant?

Are you eligible for The First Home Buyers Grant?

After years of looking at potential homes in your area, you are now determined to build your dream home for you and the family. So, your ideas, concepts or plans are ready to go before you start building. The next step is hiring the right people, preparing the materials for construction and structures like timber wall frames and roof trusses. Lastly the budget for the home is critical.

Without sufficient funding, the whole situation becomes somewhat challenging. However, don’t let this stop you from living in your dream home. Australia’s First Home Buyers Grant, a government initiative offering support to eligible first home buyers, has been extended up to June 2021, which is great, isn’t it? This scheme includes 10,000 extra available loans, as the 20,000 places previously offered were already taken up by new home buyers.

First home buyers will be allowed to buy or build a home, if they have a small deposit of 5% of the purchase price. The Federal Government guarantees up to 15% of the loan. If you’re an individual earning up to $125,000 or a couple with up to $200,000 income, this scheme is open to you now.

Once your application is approved, you will have the opportunity to build your dream home and you can stop paying rent to your landlord and have that money fund your new home. If you buy or build now, the grant will also save you money on the price of the house, as home values often increase, before you can save for the usual 20% deposit.

From the proceeds of the loan, you can now contact the leading supplier of roof trusses Newcastle.

Of course, we are talking about Newcastle Frame and Truss, which has always been the leading frame and truss manufacturer in the industry across the region. We have a friendly, experienced and skilled team, ready and willing to extend any help that you may need, so that your building process can be smoother.

We will walk you through the planning and design process and provide you with the best quality timber roof trusses Newcastle. It’s also nice to know that the truss manufacturer that you choose can give you the best advice, with regards to your building construction. Newcastle Frame and Truss is in the best position to do that, because we have been building quality homes in the region for the last 30 years. This is one reason, why we are considered a leader in the industry.

So, if you are interested in taking advantage of the First Home Buyers grant, you can submit your application to any of the participating lenders of the scheme or its authorised representatives.

The National Housing Finance and Investment Corporation (NHFIC) does not receive applications directly. To find out if you are eligible for the loan, please visit the NHFIC website (www.nhfic.gov.au) and use their eligibility tool.

Please give us a call at 0437 437 231, so we can give you our insight on the matter. You may also visit our website at www.newcastleframentruss.com.au, if you wish to acquire additional information about our products or request for a fast, no obligation quote.

Our services are available in the areas of Newcastle, Northern Sydney, Hunter Regions and Wyong.

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