Affording your dream home build

Have you been dreaming of building your first home but are not sure if you are financially fit? Keep reading to find out what Government grants and financial resources are available for you.

With the recent run-down of the 2022-2023 federal budget, more Australians will be given the chance at home ownership under an expansion of the scheme that allows first-time buyers to enter the housing market with only a 5% deposit. The Governments support will see up to 15% of a first home buyer’s loan covered, allowing them to avoid lenders mortgage insurance (LMI).

So, how can you take advantage of this scheme?

Find out how much you can borrow. There are a number of factors that lenders may consider when assessing your borrowing capacity including your income, current debts, and employment stability.

Allsteel works alongside MyChoice Home Loans, an independent Australian owned and operated mortgage broker, that is jointly owned by NXT Building Group. Specialising in construction loans, MyChoice Home Loans provide support and guidance through a trusted specialist team who are dedicated to help deliver your dream Allsteel home faster.

Take advantage of the MyChoice Home Loans handy calculators, to provide an idea of how much you can borrow; what your repayments would be on your home loan; which loan is best for your unique needs; and how much you will need for your stamp duty and other costs.

The MyChoice Home Loan Calculators are perfect for initial research, with our home loan experts able to provide you with much greater detail on your options available and find the best solution for your circumstances.

How much can I borrow? – MyChoice Home Loans.

Selecting the right block for your lifestyle

It’s important to choose the right block of land that suits your lifestyle, your needs & your new Allsteel home. Check that your block has adequate access to services including electricity, water, sewage and gas and even available internet connection, if this is something that is crucial to you.

Consult with your lender about the prospect of building a new transportable home before purchasing a block. You will need to ensure you can obtain finance for both the block and the home.

And finally, we recommend that you consult with Allsteel before purchasing a block, to ensure it is suitable for the delivery and installation of your Allsteel Home.

Selecting a home design

Mary and the sales team are your point of contact for beginning your design and construction process with Allsteel Transportable Homes. Our homes feature a wide range of standard floor plans for you to consider but we won’t restrict you or your imagination when it comes to designing the relocatable home that suits your needs.

If you plan to take advantage of these schemes, contact Mary on 1800 219 278 or enquire online to start turning your dream into a reality.