Get your foot in the door With our $5,000 First Home Buyers Grant
For most of us, buying our first home is one of the most exciting and frustrating things we’ll do.
As a First Home Buyer it can often feel like you're being shut out of the property market.
No matter which way you turn another door closes. At Credit Union SA, we understand how hard it can be.
That’s why… in addition to our very competitive home loan rates, we’re offering a $5,000 First Home Buyers Grant on new and established homes when you borrow at least $200,000.
From one South Australian to another it’s a step to help you get a foot in the door.
How is Credit Union SA’s First Home Buyers Grant different to the Government’s First Home Owners Grant?
Currently the South Australian Government’s First Home Owners Grant is only available for people who are buying or building a new residential property. Whereas, Credit Union SA’s $5,000 First Home Buyer’s Grant is available to ALL first home buyers, regardless of whether you are buying an established home, or choosing to buy or build a brand new home.
Can I have both grants?
Yes! Credit Union SA’s $5,000 First Home Buyer’s Grant is independent of the Government’s grant, so assuming you meet the Government’s requirements, you could enjoy two grants to help you with your first home purchase.
How do I get my grant?
There are two ways you can choose to receive your grant from Credit Union SA:
- Have it paid into an account of your choice after settlement
- Choose to have it applied directly towards the settlement of your property purchase.
The choice is yours, but the grant cannot be accessed prior to settlement. Please note that for construction loans that the grant will be payable following evidence of the foundation being laid and may be used as a contribution to the first progress payment.
Calculate your repayments
We have a range of helpful calculators. Try our:
- Home loan repayments calculator
- Stamp duty calculator
- Borrowing power calculator
- Simple loan comparison calculator.
We understand that the journey to home ownership is exciting, but it can also be a little daunting the first time around.
Read on to learn about some of the key considerations and milestones you'll complete as you achieve your goal of home ownership.
Buying your home
So you’re ready to start looking for a home. You’ve got your deposit and your pre-approval sorted, so now you can start looking for your dream home. Real estate websites are great at making houses look desirable online, but seeing a house in person will speak volumes.
Contact us today!
How we can help
Minimum loan $200,000 to purchase or build a first home. Lending criteria, fees and conditions apply. To be eligible, applicants must not have previously owned residential property in Australia. Available to natural persons only (i.e. not a trustee or a company).