In response, the current government announced a "Super Home Buyer Scheme" that would allow first-home buyers to withdraw up to 40 percent of their Superannuation, or Super, balance up to 50,000 Australian dollars (about 35,000 U.S. dollars), which normally can only be accessed after retire...
First home purchasershousing marketsglobal financial crisisThis article looks at the impact of the First Home Owner Grant (FHOG) 'Boost', a cash grant to first home buyers, which was introduced by the Australian Federal Government as part of the stimulus package in response to the global ...
CANBERRA, May 7 (Xinhua) -- Australian first-home buyers are contributing to the nation's housing affordability crisis by having "unrealistic" expectations of house sizes and amenities, according one of the nation's leading housing developers on Sunday. Australia is currently in the midst of a ...
The federal and state governments offer a variety of programs to support home purchase, with a particular emphasis on first time buyers.Understanding Your Loan Choices see here First Time Home Buyer Programs in Your State Featured Articles Section 8 Housing Choice Voucher Homeownership Program First...
Other federal or government-sponsored enterprises offer programs and assistance that, although not exclusively for first-time buyers, favor those with less money available for down payments, or limited credit history. Best-known among these are Federal Housing Administration loans (FHA loans) and Depar...
Depending on your circumstances, you may be eligible for a Federal Housing Administration (FHA) loan, a U.S. Department of Veterans Affairs (VA) loan, or another type of government-guaranteed loan. As a first-time homebuyer, you may also be eligible for special programs that allow you to...
We know buying your first home can be overwhelming, we’re here to help. What is the First Home Savings Account (FHSA)? Select to show or hide answer What is the Home Buyers' Plan? Select to show or hide answer How do I get more information about a CIBC mortgage? Select to show...
Note that government loan programs (including FHA, VA, and USDA home loans) require you to buy a primary residence. That means you can’t use these loans for a vacation home or investment property. In addition, most programs let you use gifted money or down payment assistance (DPA) to co...
Buying your first home? Here is your official guide to what you need to know about the Australian housing market. Everyone wants to grow up and buy their own house. It is right at the top of that bucket list of life goals, alongside getting married and starting a family. Even though it...
Depending on your home-ownership goals, we have a lot of greatmortgage loan options for first-time buyers. Just to name a few, conventional loans can be ideal if you've been saving for a while and have a strong credit score. FHA loans can help if you're looking for a lower down pay...