Open the door to homeownership with our buyer pathways. Start with as little as a 2% deposit.
Eligibility Criteria |
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| Australian Government 5% Deposit Scheme*3 | ||||
| First home buyers | Single parents | First Home Buyer Home Loan* |
Get Ahead Start Guarantor Option | |
| Minimum deposit |
5% of Property Value |
2% of Property Value |
5% |
N/A |
| Who is eligible? |
Australian citizens or permanent residents4 Individual or joint applicants5 Either first home buyers or previous homeowners who haven’t owned a property in Australia in the last 10 years |
Australian citizens or permanent residents4 Single parents or single legal guardians of one or more dependent children who do not currently own property or won’t have any other property interest once their new home settles. |
Australian citizens or permanent residents4 First home buyers |
Australian or New Zealand citizens or permanent Australian residents4 |
| Purchase location | Australia-wide | Australia-wide | Australia-wide | Australia-wide |
| Property price caps | Yes, property price caps for the purchase location can be viewed here. | Yes, property price caps for the purchase location can be viewed here. | No |
No |
Key benefits |
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| Australian Government 5% Deposit Scheme*3 | |||
| First home buyers | Single parents | First Home Buyer Home Loan* |
|
| Rates |
4.99% p.a.
Variable Rate (Comparison Rate 5.04% p.a. ) Owner Occupied | Principal & Interest |
4.99% p.a.
Variable Rate (Comparison Rate 5.04% p.a. ) Owner Occupied | Principal & Interest |
4.99% p.a.
Variable Rate (Comparison Rate 5.04% p.a. ) Owner Occupied | Principal & Interest |
| Government’s contribution to equity | No | No | No |
| Avoid Lenders Mortgage Insurance (LMI) | Yes, minimum 5% deposit required | Yes, minimum 2% deposit required | Yes if 20% deposit or with Get Ahead Start Guarantor option |
| Get Ahead Start Guarantor option (borrow up to 100% LVR) | No | No | Yes |
| Annual fee | $0 | $0 | $0 |
| Establishment fee | $0 | $0 | $0 |
| Settlement fee | $0 | $0 | $0 |
| Valuation fee | Waived up to $1000 | Waived up to $1000 | Waived up to $1000 |
"We were very pleased with the speed and personalised service we received from the team at Unity Bank in helping us purchase our first home. We also found their products to be very competitive. Unity Bank has more of a family feel to it than a corporation. We have already recommended them to others, as we are very happy with them."
Emanuel, Member
3 Unity Bank is authorised to offer the Australian Government 5% Deposit Scheme, under which the Government guarantees up to 15% (First home buyers) and up to 18% (single parents) of the value of the property. The Scheme is not a cash payment or deposit for your home loan. Target Market Determination available here.
4 For the Australian Government 5% Deposit Scheme, permanent residents include New Zealand citizens.
5 Joint applicants may include partners, friends, siblings, and other family members.
* Credit eligibility, terms and conditions, additional fees & charges may apply. New loans only.
Eligibility criteria, terms and conditions and fees and charges apply. All information including interest rate is subject to change.
