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First Home Loan Deposit Scheme (New Homes) FACT SHEET What is the First Home Loan Deposit Scheme? The First Home Loan Deposit Scheme (FOLDS) is an Australian Government initiative to support eligible

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What is first home loan deposit?

The First Home Loan Deposit Scheme allows first home buyers to purchase a home with a deposit as low as 5% without paying Lenders Mortgage Insurance (LMI).

Who is required to file first home loan deposit?

First-time home buyers looking to benefit from the First Home Loan Deposit Scheme must file the deposit application.

How to fill out first home loan deposit?

To fill out the First Home Loan Deposit application, applicants need to provide personal details, financial information, and details about the property they wish to purchase.

What is the purpose of first home loan deposit?

The purpose of the First Home Loan Deposit Scheme is to assist first home buyers in entering the property market by reducing the amount of deposit required.

What information must be reported on first home loan deposit?

Applicants must report personal identification details, income, assets, liabilities, and information regarding the property's value.

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