JumpStart Home Loan

  • 5% DEPOSIT
  • NO MORTGAGE INSURANCE
  • NO MORE TO PAY UNTIL COMPLETION

 

Start by selecting your favourite Home and Land package in Sydney’s South or North West, all of which include our Luxury inclusions, bonus landscaping pack and driveway.

 

1.
Be a first home buyer
2.
Find a Home & Land package
3.
Chat to our Sales Team
4.
Sign off on your new nest!

Chat about our Jump Start Home Loan and see if you qualify

You’re only a few clicks away from helping us identify whether you qualify for our First Homebuyer Jumpstart Home Loan. With this information your trusted Sales Consultant alongside our trusted Mortgage Partner -Mortgage Link will be support you through the homebuying process. For more information about how we collect your information, please view our Privacy Policy.

Are you a Single or Joint Applicant?

Nominate your gross annual household income

How many dependents do you have?

Estimate your monthly living expenses

What are your monthly loan commitments?

Specify your credit card limits

How much can you deposit?

How did you hear about us?

Our JumpStart Home Loan Partners

We make a strong team, partnering with the best in the industry to get your foot on the property ladder. Boasting years of collective experience with a strong a list of credentials, you can rest assured you have come to the right place to embark on your first home buying experience!

See the Home and Land Packages available with the JumpStart Loan.

$662,900
3 Beds
2 Baths
1 Garages
316 m2
$629,900
3 Beds
2 Baths
1 Garages
325 m2
$662,900
3 Beds
2 Baths
1 Garages
316 m2

FAQs

Yes. This is an exclusive offering for first home buyers who purchase a HOOT HOMES home and land package under $750,000. All borrowing parties must be eligible for the NSW First Home Owners Grant as a qualifying criterion for this loan.

Yes, this offer is exclusive to HOOT HOMES Home and land package purchasers. HOOT HOMES have a number of packages in the Sydney area that qualify for this campaign.

No, provided you are a qualified first home buyer and the home and land package is under $750,000, no stamp duty will be applicable. All packages assume stamp duty concessions are available under the First Home Buyers assistance scheme and any stamp duty applicable is covered under the price of the home and land package

You must be qualified first home buyer looking to purchase a home and land package up to $750,000. A 5% deposit is required to be paid upfront towards the land and building contracts. There are no other lending application fees as this is covered under our offer, as well as no mortgage insurance or repayments throughout the construction. In addition, we will cover up to $1200 towards the cost of your conveyancing.

Upon completion of your home and issuance of the Occupancy Certificate, the loan will be formalised, and your first repayment will come out one month after this date.

If you’re interested in knowing more, we suggest that you talk to a finance consultant at Mortgage Link. We can pass on your details to them and they will endeavour to contact you within 24-48 hours.

Unfortunately, no. This product does not allow for guarantors. However, if you do have the support of a family guarantee, we can still assist –when discussing your finance situation with Mortgage Link, they can advise you of your different borrowing options and which one would best suit your requirements

With the Jumpstart loan, your 5% deposit DOES NOT have to be genuine savings. What does that mean? Your 5% can be a gift, from the sale of an asset motorbike/car/jet ski etc, as long as we can see this in your account with an explanation as to where it come from, this will satisfy the lenders requirement. This is a point of difference to how a traditional lender would look at your savings.

Lenders Mortgage Insurance (LMI) is insurance that a lender (such as a bank or financial institution) takes out to insure itself against the risk of not recovering the full loan balance should you, the borrower, be unable to meet your loan payments.It is important to understand LMI covers the lender, not you (or any guarantor). LMI provides consumers witha benefit as it allows lenders to provide home loans to those who otherwise meet their lending requirements but who may still be rejected for a loan because they do not have a substantial deposit. It usually applies when you borrow more than 80% of a property value.Under the Jumpstart offer –we are covering this cost. As an example, on a $750,000 property where you borrowed up to 95%, the LMI would be in excess of $30,000.

Yes, you can. You can access these additional repayments via redraw as well as having the benefit of an offset account.

Terms and Conditions

Terms, fees, conditions and eligibility criteria apply. Subject to Lenders approval. Credit provided by Axis Lending Pty Ltd ABN 97 628 570 094 (Credit Rep Number 493357 of AustralianCredit License 484303)(Axis Lending). Offer available from 27th April 2019 and for a limited time only.Any information provided on this website does not take into account your individual objectives, financial situation or needs. You should consider whether it is appropriate for you and read the relevant disclosure documents provided by us or Axis Lending. To be eligible, customers must:(a) qualify for NSW Government’s First Home Owner Grant (FHOG); (b) pay a 5% deposit under the contract for the Home and Land package plus  apply the $10,000 FHOG towards the Home and Land package. The 5% deposit and FHOG will be applied to land and build contract deposits, government charges, transaction and lending costs; (c) qualify for the Hoot Homes Jumpstart first home buyer loan provided by Axis Lending. The customer mustattend a loan eligibility interview and make a subsequent loan application. We recommend that this loan application be made with the assistance of Mortgage Link Holdings Pty Ltd ACN 129 528 605 (Australian Credit Licence Number: 388691),being Hoot Homes preferred mortgage broker;and(d) qualify for a home loan and meet the eligibility criteria of Axis Lending.Lender’s mortgage insurance is not applicable and all relevant loan, stamp duty (if applicable based on first home buyers assistance scheme), transaction and finance fees are paid by Hoot Homes through to the practical completion of the home and land packages. Solicitors conveyancing fees will be paid by us up to a maximum of $1200 (including GST).We recommend you use Hoot Homes preferred conveyancer for the purposes of the conveyancing and reviewing the home loan contracts. This offer is available on select Hoot Homes home and land packages in select estates only. Customers home loan repayments will commence once practical completion of the home and land package is achieved and keys are handed over to the customer. All home and land packages are priced under$750,000 to qualify for the FHOG requirements. For further details of the Axis Lending / Hoot Homes Jumpstart Home Loan term sheet, please click here.

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  • 5% deposit
  • No Mortgage Insurance
  • No More To Pay Until Completion
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for first home buyers

  • 5% Deposit
  • No Mortgage Insurance
  • No More To Pay Untill Completion

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