Defer The Deposit. Buy Today.
Our Eligibility Process
- Your eligibility to secure a home loan is based on your (and if applicable that of your co-purchaser) compliance with the chosen lender’s usual criteria, including annual income and outgoings including payments under the Deferred Deposit Agreement;
- AffordAssist collates the information including the Pre-qualification form and determines whether you are eligible for the AffordAssist program; and
- It is essential you work with professionals who understand the AffordAssist process and Deferred Deposit Agreement (DDA) to ensure your successful property purchase. Approved professionals includes: lenders, mortgage brokers, developers, property consultants and agents.
The DDA payments are without interest. AffordAssist is paid by the vendor of the property. There are Third Party Bank and Statutory fees payable by you at the start and the end of the DDA. These will not change unless the Third Party changes the fees.
Where co-purchaser’s are buying a property the forms are to be completed accordingly. A Customer Care team member will give you a call to help.
Pre-Qualification Form
The purpose of this form is to gain an initial understanding of your financial circumstances (and if applicable that of your co-purchaser) and to determine in the first-instance whether you are eligible to be referred on to an AffordAssist approved mortgage broker. That being the case, the AffordAssist approved lender/ mortgage brokers will then be able to provide you with personalised and timely service.
AffordAssist helps with the deposit for the first home buyer. AffordAssist replaces the need for a substantial cash deposit with our innovative deferred deposit solution.
AffordAssist is the new way to buy your first home today and to defer and pay the balance of the deposit over 60 months without interest.
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