If you are in Australia on a 457 Visa and are struggling to save for a 20% home deposit, Launch Finance can help you fulfill your dream of owning your first home.
Many lenders in our network are currently offering loans for up to 90% of the property value inclusive of lenders mortgage insurance. Most lenders will only offer finance for up to 80% of the property’s value so this is a great option for those with less than a 20% deposit.
Typically those on a 457 Visa are not eligible for the First Home Owner’s Grant or stamp duty concessions either, however you do have the option to apply for the First Home Owner’s Grant and stamp duty rebates once you’ve become a permanent Australian resident.
If you are on a 457 Visa and become a permanent resident within 12 months of signing a purchase contract for a property, then you can still apply for the First Home Owner’s Grant and to have the stamp duty rebated to you post-purchase.
For more information on accessing the First Home Owner’s Grant and stamp duty concessions on a 457 Visa, you can call State Revenue on 9262 1299. If you would like help in accessing funds to buy your own home on a 457 Visa, contact Launch Finance and speak to one of our highly qualified brokers today.