Did you know that the some banks will make special concessions when approving home loans for members of the Australian Defence Force given their job security. Members of the ADF can obtain a home loan up to 95% with Lenders Mortgage Insurance ('LMI') capitalised without the requirement for genuine savings. The 5% deposit can come from a combination of;

• Home Purchase Assistance Scheme ('HPAS'),
• First Home Owners Grant ('FHOG')
• Gift from Friends or Family
• Grants Available like the $10,000 QLD Builders Boost.

More Information here on Army, Navy or Airforce no deposit home loans using HPAS as the deposit.

Alternatively, members of the Army, Navy or Air Force could apply for a defence force guarantor home loan using mum and dad to go guarantor to make up the deposit.

We specialise in home loans for the Australian Defence Force and can arrange mortgage finance without the requirement for genuine savings, unlike the ADCU or DefCredit. The interest rates are also generally cheaper than the ADCU or DefCredit (last updated 05/04/2011).

If you would like some assistance to purchase your first home and make use of the benefits available to members of the ADF, contact us now for a no obligation consultation.