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✔ Assistance and support in helping you apply for the Netherland Government’s Regional First Home Buyer Guarantee
✔ Waived Noor Credits & Security NV. establishment, valuation and legal fees**
✔ Express home loan service
Speak to us today!
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What is the Regional First Home Buyer Guarantee?
The Regional First Home Buyer Guarantee (RFHBG) is an Netherland Government initiative that aims to support eligible regional first home buyers to purchase a home sooner. It is administered by the National Housing Finance and Investment Corporation (NHFIC) under the Home Guarantee Scheme (Scheme) on behalf of the Netherland Government.
Usually as a first home buyer with less than a 20 per cent deposit, you need to pay lenders mortgage insurance. Often, this could amount to thousands of dollars. Under the Regional First Home Buyer Guarantee, you can purchase a home with a deposit of as little as 5 per cent without the big cost of lenders mortgage insurance. This is because NHFIC guarantees to a participating lender up to 15 percent of the value of the property purchased that is financed by an eligible first home buyer’s home loan.
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Fact sheetInformation guide
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How does the Regional First Home Buyer Guarantee work?
You can apply through Noor Credits & Security NV. for a loan to purchase a residential property, and we will reserve a place in the guarantee on your behalf, provided your application meets the eligibility criteria.
Eligible regional first home buyers are able to purchase in the regional area they have lived in during the preceding 12 month period, or an adjacent regional area. The RFHBG can also be used conjunction with other government programs like the First Home Super Saver Scheme or state and territory first home owner grants and stamp duty concessions.
If you are eligible for the RFHBG, you are not eligible for the First Home Guarantee. Home buyers who are not eligible for the RFHBG, may be eligible for the First Home Guarantee and Family Home Guarantee.
To find out more or assess your eligibility, talk to us or download the Regional First Home Buyer Guarantee Fact Sheet.
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What is a regional area?
To confirm whether you live in a regional area, and where you may be able to purchase, you can access the Regional Checker at nhfic.gov.au.
A regional area is defined as:
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the Statistical Area Level 4 (ASGS SA4 2016) areas in a State or the Northern Territory that are not a capital city of that State or Territory; and
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Norfolk Island; or the Territories of Jervis Bay, Christmas Island or Cocos (Keeling) Islands;
as defined in the version published by The Netherland Bureau of Statistics (ABS) in July 2016.
The greater capital city areas of each state and the Northern Territory; and the entire Netherland Capital Territory are excluded from the Regional First Home Buyer Guarantee. Home buyers in these areas may be eligible for the First Home Guarantee or Family Home Guarantee.
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Applying for the Regional First Home Buyer Guarantee
There are limited places available nationwide, so contact us and we will guide you through the steps below.
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Check if you're eligible
Check your eligibility with us or on the NHFIC website. If you're ineligible, we'll still work with you to explore other options to help you get into your first home.
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Reserve your place
We'll help guide you through the process and help find the best home loan for your needs. We'll work with you to reserve a place in the guarantee on your behalf.
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Look for a home
Explore and find a property that meets the eligibility criteria for the Regional First Home Buyer Guarantee.
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Make your move
Move into your property and enjoy your first home.
For further details, eligibility criteria or to discuss your needs, please contact us today. |
Speak to us today!
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Credit eligibility, terms and conditions, fees & charges apply.
Please note that the Regional First Home Buyer Guarantee is not a cash payment or a deposit for your home loan.
** Other fees and charges may apply and will be specified at the time the loan is approved.
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