When you’re buy our first home, there’s an lot in learn. a. 35 %. For a first-time home buyer down payment, you’d need to save around $10,500 to $12,250 to buy a $350,000 home. 9 billion ($3. com. Stamp duty concessions for first home owners. To be eligible for the Home Guarantee Schemes with us, you will need to meet the below prerequisites: - Completed Home Loan Application Form (no reservations to be made without application). Try out our offset calculator to see what you could save. Buying a new home (particularly for the first time) requires a. Your borrowing capacity relates to your current financial situation, including your income, financial commitments and regular expenses. For the RFHBG, any Guarantee of a home loan is for up to a maximum amount of 15% of. If you’re buying your first home, you could get $3,000 to spend however you like, plus support from an ANZ First Home Coach. The offer gives eligible First Home Buyers access to a 25% discount on LMI, variable rates as low as 2. Suncorp’s Home Package Plus. Australian Associated Press. Buying a Home. full valuation. com. It could be more affordable than buying a home as an individual, because you will probably have more money to pool together. So, why choose a top up over more familiar lending options?Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowThe First-Time Homebuyer Act is a congressional bill to grant first-time home buyers up to $15,000 in refundable federal tax credits. But if you qualify for down payment assistance, you might need even less. Suncorp Comprehensive Insurance customers can make a claim if a buyer has an accident while test driving their vehicle for the purpose of a. - Current Notice of Assessment. SPA, Stamp Duty Malaysia, And Legal Fees For Property Purchase. The nationwide scheme is designed to help first home buyers enter the property market with a deposit as low as 5% without paying Lenders Mortgage Insurance. For FY2023-24, 35,000 places are available. This Suncorp-Metway home loan has an interest rate of 6. However, it may mean you’re able to make an offer with a little more certainty. You must apply for a grant and/or pre-approval for the first home owner rate of duty within 12 months of completion of the eligible transaction. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Please read the relevant Product Information Document, Lending Fees and Charges and Home Package Plus Terms and Conditions before making a decision regarding any Suncorp Bank. Those who buy a property worth between $800,000 and $1 million will pay a reduced rate. Suncorp Bank occasionally has some great home loan specials with interest rates below the major banks. Tell me moreExplore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowGrants and Government schemes. 4. Under the RFHBG, part of an eligible regional home buyer’s home loan from a Participating Lender is guaranteed by Housing Australia. The Home Package Plus First Home Buyers Special Offers are only available for new owner-occupied first home buyers who have never previously purchased a property a first home property. Under the First Home Buyers Assistance Scheme (FHBAS), eligible first home buyers purchasing an existing property for $800,000 or less won’t pay any transfer duty at all. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowKey features. Whether you need a loan with flexible repayment options, competitive interest rates or other features tailored to your needs, our team is ready to help. Australian Government’s HomeBuilder Scheme. providing discounts on insurance. Borrowing Power Calculator. It’s a national scheme, however the grant is funded and administered by each state or territory. Victoria, you pay stamp duty within 30 days after property transfer. 77. Pre-approvals excluded. Buying a home is a big deal with many things to consider, like saving a deposit and getting a home loan. The FHLDS enables first home buyers to purchase a home with a minimum 5% deposit while paying no LMI (Lenders Mortgage Insurance) with participating lenders. a. Mortgage. 3 Research your future home. A down payment or first-time homebuyer grant is essentially free money to help you cover your down payment or closing costs. Share. This is the go-to program for many first-time home buyers with lower credit scores. SUN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. For many, your first home often isn’t your dream home, and with that in mind handier home owners are finding properties at great prices to fix up and resell. All applicants for the loan must be first home buyers and take out an Eligible Home Loan with Suncorp Bank. ANZ and Suncorp Bank both offer retail. $12,850. 39%. NAB supports eligible buyers to access the Family Home Guarantee with a deposit as low as 2%. 0%. Here's what not to do! First Home Owners Grant. Typically when a big bank acquires a new subsidiary, it continues to run under. 10am. Repayments should not exceed 30% of pre-tax income - use the repayment calculator as a guide. Various fees and charges may apply to a Suncorp Bank Home Loan. 5 per cent ($430 billion) and the Commonwealth Bank's 25. For many Australians, saving a 20% deposit is a big barrier. And the good news is, if you have an LVR between 70% and 80%, there's a still. If you want to buy a home at. a. Manage Your Banking. 84% p. 6. Before inviting buyers over to test drive your vehicle, speak to your insurance provider and find out if you are covered in the event of an accident with someone else behind the wheel. *The Comparison rate assumes a $150,000 loan over 25. If you’d like to speak to someone straightaway, please call 13 11 55 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST) Things you should know. a. disclaimer. However, with property prices rising and concerns the Australian. The average adult non-hospitality ticket at a Brisbane Broncos match at the Suncorp Stadium last. 2 Building Supplies and Age of the House; 4. All information and advice is 100% obligation-free. ($3. Apply for pre-approval. Reasons to Invest in an FHSA: Use it to save up to $40,000 for your first home. ANZ’s $4. Rates and discounts are subject to change. Cheapest home loans; First home buyers; Fixed rate home loans. However, first home buyers may receive a refund of the annual $375 fee for the life of their loan, up to $11,250 over a 30-year mortgage. • View your account balances. Decide on the style of house you want by looking at a wide range of display homes, be realistic about size and the number of rooms you need, and check cost-saving options in terms of fittings. ago. Manager, Suncorp Group Content & Personalisation: Ashika Naran. First-home buyers are provided the same low rate on a standard variable or five-year fixed loan term. Please refer to our inner city apartments page for more information. and a comparison rate of 7. Buying my next home. Buying your first home is an exciting but expensive process, and the price you see in an ad or at auction is rarely the full cost. It found the “Bank of Mum and Dad” was among the top 10 lenders in Australia, just behind Suncorp and one place ahead of the Bank of Queensland. See full list on suncorp. The refund maxes. As the first home is valued between $530,000 and $534,999. Step 1: Start saving a down payment. and a comparison rate of 6. You can apply with a deposit as low as 5% (excluding costs). 94% p. Suncorp Group on LinkedIn: First Home Buyers Loan Low first home buyer loan rates & offers available to help you unlock that door sooner. • Eligible first home buyers must use the maximum amount of their savings as a deposit (funds. It does this by allowing Housing Australia to issue up to 35,000 guarantees each financial year from 2022-23 for eligible loans to home buyers with a deposit of between 5 and 20 per cent of the property value. This is also known as a Guarantor Home Loan. 9 per cent ($517 billion). Here’s how an FHSA can help you save for your first home: Open your FHSA and start investing tax free. a. Suncorp’s shares were also flat at $14. First Home Savings Account. Low first home buyer loan rates & offers available to help you unlock that door sooner. Our Home Buying Guide can help she every pace of aforementioned way. What makes Suncorp home loans different. Buying a Home. Apply by 31 December 2022, settle by 31 March 2023. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowThe First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada, which offers: 5% or 10% for a first-time buyer’s purchase of a newly constructed home. “You may not be able to get into your dream suburb if you’re looking at buying land,” says Zoran. Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. on new lending of $150,000 or more. Natalie is a home buyer from Melbourne who had been searching for a property for a while. Read more here to find out what you could be entitled to. Read more: How much can I borrow for a home loan?As an incentive for first home buyers, most Australian states and territories offer stamp duty concessions to those purchasing their first property, if it's under a certain amount. Up to $2,000. Suncorp has loans for borrowers with deposits as low as 10% or even 5%, though some of its. 99% p. The home loan application process can be completed in a few ways, including with a Suncorp Mobile Lending Manager or a mortgage broker. 27 in late afternoon trading. and a comparison rate of 6. 9 billion ANZ-Suncorp merger for a week and will now have its final say on August 4. Borrowing Power Calculator. Since its inception, the rules have changed greatly from state to state and the funds given to buyers differs significantly. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More Now Developing good financial habits before buying a home is crucial for sustainable and successful homeownership. To be eligible, you need: Your income must be more than $90,000 per year to be eligible. Money held in a term deposit for over 3 months. (‘New Suncorp home insurance’ excludes landlord and strata insurance) If you first purchase or have an existing Suncorp Home or QLD CTP policy, you can get 20% off new Suncorp car insurance. You must be. Purchase rate p. House hunting can raise many home buying questions, and it can be hard to know where to turn for answers. proper noun, [furst hohm oh-ners grahnt] The First Home Owners Grant was introduced in 2000 to offset the effect of paying GST when purchasing a home. This calculator will give you an estimate in approximately 2 minutes to help your home-buying journey. (6. 9 billion raises all sorts of questions. Buying a home. The First Home Owners’ Grant (FHOG) is a one-off payment from the federal or state government of up to $10,000 to put towards a purchase or build of a first property. The HBP allows you to pay back the amounts withdrawn within a 15-year period. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking. The KiwiSaver Scheme Rules in Schedule 1 of the KiwiSaver Act 2006 have been amended to allow KiwiSaver members to withdraw their savings to purchase their first home before the agreement is unconditional, provided any payment is made to "a stakeholder". Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. What is worrying is that. their spirits and their legacy. With the Standard First Home Buyer Special Variable Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a. 7 billion, top-50 listed company. Minimum total new lending of at least $250,000. Buying a home is a big deal with many things to consider, like saving a deposit and getting a home loan. Sometimes they have great deals for first home buyers and at other times they’re offering specials to refinance your home loan to Suncorp. Typical Suncorp First Home Buyer First Home Buyer Snapshot Our First Home Buyer offers Home Package Plus1 First Home Buyer discounted interest rates plus a fully transactional account with up to 9 sub-accounts. Buying a home is a big deal with many things to consider, like saving a deposit and getting a home loan. 5 per cent ($430 billion) and the Commonwealth Bank's 25. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowSuncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia. Some states and territories offer stamp duty reductions or exemptions on stamp duty for some first home buyers; Extra cost considerations. Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR 90% to 95% Incl. 03. This is an extra monthly cost which can be up to 1% of the home purchase price. Try to enjoy the process and not to stress and remember that with a little patience and planning your dream of. And submit your home loan application either online, in-branch with our lending experts, or with your broker, who’ll chat about your. buyers purchase their first home sooner. 99% p. With the Standard First Home Buyer OO PI Fixed Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a loan-to-value ratio under 95%. a. #Mortgages #HomeLoans #HeiseSaysThe Bank of Mum and Dad is nearly bigger than Suncorp having lent $29 billion to first home buyers. . For a full valuation, the valuer is going into the property to see the nuts and bolts,” says Luke. , and no annual fee. Money that you’ve saved over the last 3 months. Advertiser disclosure. The programs, which allow first home buyers to purchase a property with either a 5 or 2 per cent deposit, was set to end in June. Better Mortgage does not. That person is usually the vendor's solicitor, who can only release the funds. Banking and home loan products are issued. package Suncorp has announced an exclusive new offer for first home buyers to help them realise their property ownership dreams. Contact a Home Loan Specialist. Some federal programs define a "first-time" buyer as one. Suncorp Insurance has launched a new chapter of their Resilience platform via Leo Burnett Australia with ‘If your home could talk’, a campaign that focuses on South East Queenslanders and how they can think differently to protect their homes from extreme weather events. The Suncorp Standard Variable Home Loan Special Offer (Home Package Plus) is one of those great home loans that offers both value and flexibility. Suncorp Clear Options Gold. This Suncorp-Metway home loan has an interest rate of 6. 09% p. e. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. This down payment assistance program, combined with the House Key Opportunity first mortgage, is a second mortgage of up to $10,000, with a 1 percent interest rate and 30-year deferred payments. Suncorp Bank’s lending specialists can help you make informed decisions, whether you’re a first home buyer or an experienced property investor. Traditionally, home buyers need to save a 20% deposit to avoid paying costly Lenders' Mortgage Insurance (LMI). Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowSuncorp Bank was founded in 1902 as the Queensland Agricultural Bank. au. As the first home is valued between $530,000 and $534,999. Suncorp bank offers a range of financial products and services in banking, general insurance, and life insurance. The First Home Owners Grant NSW is a one-off payment to help first home owners manage the costs of buying a home. Buy or build your first home sooner. au. a. For example, up until 30 June 2017, the Queensland Government will contribute $15,000 - $20,0000 to help first time buyers buy or build their new house, unit or townhouse (valued at less than $750,000). 9bn in a deal the big-four lender described as a vote of confidence in Queensland. Withdraw. Suncorp Bank has unique home loans and low-interest rates. A lender on our panel will offer waived LMI on a 90% home loan for nurses, so you only need a 10% deposit. This is the go-to program for many first-time home buyers with lower credit scores. It gives you the opportunity to know the inside out of the home buying business. Home Loan Interest Rates. $575,000 or less where the contract was entered into on or before 14 June 2023. “Undeveloped blocks are scarce in many suburbs, so it makes sense to be open to the opportunities in the areas you love. Their contact details are: Learn about pre-approval. 67%. The amount. 0. The FHSA is a new kind of registered account that will allow first-time home buyers aged 18 or older to save up to $8,000 per year, up to a total of $40,000, towards the purchase of a home. The amount and types of excesses will be shown on your certificate of insurance. Now in year two, financial results are proving out longer-term validity of GSB’s approach for Keleher. a. To get the most competitive interest rate with the Back to Basics Loan of 5. Suncorp announces new offer for first-home buyers. 3 House Safety Options; 4. Only the home concession applies because the value of the residence is over $550,000. An add loan will increase your current repayment amount, but your remaining loan term, and loan type remains the same. 59 %. AdRates and discounts are subject to change. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. Suncorp Bank is a bit differing to some of the larger financing, but how do their residence loan our review? We compare them to other mortgages are Queensland. The NSW Government has expanded the First Home Buyer Assistance Scheme (FHBAS). How does the home loan process work? I’ve found a home, now what? Compare home loans from 5. The First Home Guarantee is a government initiative that provides eligible first home buyers the opportunity to buy or build their first home with a deposit as little as 5%. First home loan offers and deals ANZ – $3,000 first home buyer cashback. 39pm, first published at 9. This estimation takes approximately 2 minutes to complete and will also tell you if you could be eligible for the First Home Buyers Grant in your state. Compare. Contribute tax-free for up to 15 years. The most you can get is $5,000 for 5 or more years. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowAustralia and New Zealand Banking Group Limited (ANZ) sought merger authorisation in relation to its proposal to acquire 100% of the issued shares of SBGH Limited (which owns 100% of the shares of Suncorp Bank) from Suncorp Group Limited (Suncorp Group) (the Proposed Acquisition). an. Northern Territory, stamp duty is payable 60 days after settlement. It can be hard to know where to start. Whether you’re a first house buyer or a seasoned investor, start here when planning your home purchase. Discover offers for First Home Buyers. Our first buyer's guide contains all you need to know about making one of your biggest investments ever. 14 per cent for first-home buyers on the “Home Package Plus” plan. 2. waiving monthly account keeping fees on transaction accounts. 6. Interest Rate. Suncorp–Metway Limited - ABN 66 010 831 722 - GPO Box 1453, Brisbane QLD 4001 1 4 May 2017 Exclusive offer to help first home buyers enter the property market Suncorp has announced an exclusive new offer for first home buyers to help them realise their property ownership dreams. First Home Owners’ Grant. Suncorp Group’s Post Suncorp Group 112,933 followers 1y. SUNCORP LIFE INSURANCE Suncorp Life Insurance products, other than in some. Our first buyer's guide contains all you need to know about making one of your biggest investments ever. South Australia, you pay stamp duty on or before the day of settlement. Your borrowing capacity relates to your current financial situation, including your income, financial commitments and regular expenses. 14. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. 7 Complete settlement. Excludes refinance of existing Suncorp Bank loans or loan pre-approvals. Up to $2,000. About 58% of first-time homebuyers financed their homes with a conventional. Suncorp Group today announces it has signed a share sale and purchase agreement with Australia and New Zealand Banking Group Limited (ANZ) to sell its banking business. Suncorp making an agreement to sell its banking business to ANZ for $4. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More Now6. Available to eligible first home buyers with an ANZ home loan of $250,000 or more. This is divided by the total months in your loan term to get. 5. a. At the expiry of the 3 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 8. 93% p. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. who qualifies for first time home buyer, first time home buyers grant, 1st time home buyer qualifications, first time buyer house, first time home buyers program, hud programs for first time home buyers, requirements for first time home buyers, hud approved first time home buyers course ExpressExtension could. Updated 10 March 2022. (‘New Suncorp home insurance’ excludes landlord and strata insurance). Who is involved?. Potentially reduce your tax bill and carry forward undeducted contributions indefinitely. 33 billion), as the smallest out Australia's significant lenders seeks to resurrect growth at home since. com. It is a national scheme funded by the states and territories and administered under their own legislation. The foundations laid by these ancestors—our First Nations peoples—give strength, inspiration and courage to current and future generations towards. comparison rate*), while investors can. My Suncorp; Health Online Services; Search Close. Under the deal, ANZ will. The Commonwealth Government's First Home Loan Deposit Scheme will assist eligible first home buyers to purchase a house with a 5% deposit. 110% LVR no deposit First Home Buyer Loans. Under the Scheme, eligible first home buyers can purchase a modest home with a deposit of as little as 5. 13. This enables an eligible home buyer to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance. Macquarie’s rate reductions, which come into effect from November 11, range from 10 basis points for 1, 2 and 3-year fixed loans to. a. Read more now. The home concession reduces the duty to $9,800. Creative Agency: Leo Burnett Australia. It’s a national scheme, however the grant is funded and administered by each state or territory. It found the “Bank of Mum and Dad” was among the top 10 lenders in Australia, just behind Suncorp and one place ahead of the Bank of Queensland. Age excess (for drivers under 25) and inexperienced driver (driving for less than 2 years) excess of $400 is applicable. 15. Suncorp's Home Package. Contact a Home Loan Specialist. Click here to read our lender review of ANZ. Buying a home? It’s intelligent to factor included all the what of homeownership and how you much you can borrow. Better. Learn more about schemes and grants. If you combine three or more eligible Suncorp Insurance policies, you’ll receive a 15% Multi Policy discount! When it comes to getting. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking. a. You can then choose to pay now, schedule a repayment in the future or set up recurring repayments. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking. The KiwiSaver Scheme Rules in Schedule 1 of the KiwiSaver Act 2006 have been amended to allow KiwiSaver members to withdraw their savings to purchase their first home before the agreement is unconditional, provided any payment is made to "a stakeholder". Suncorp Health Insurance is issued by nib health funds limited ABN 83 000 124 381 (nib), a registered private health insurer, and is marketed by Platform CoVentures Pty Ltd ABN 82 626 829 623 (PC), a Suncorp Group company. As an incentive for first home buyers, most Australian states and territories offer stamp duty concessions to those purchasing their first property, if it's under a certain amount. News 28 February 2018. deposit Owner-occupier. The government grants first-time home buyers access to tax credits and home-buying incentives that other home buyers can’t use. Suncorp Bank offers three home loan options, with benefits such as fixed repayments and no ongoing account keeping. Whichever it is, it should be a home that you can afford and ticks all the right boxes. 59 per cent for owner-occupied properties and 6. Apply online. BANK OF THE YEAR SUNCORP First home buyers and small business owners benefit from a renewed focus on customer satisfaction 2019-07-04 - Afocus on company culture and customer experience has kept Suncorp on top of its game. Settled. $3,366 million. About $29 billion has been loaned out to the next generation and in many cases, it was in the form. a. Home loan top up benefits. The First Home Guarantee is a government initiative that provides eligible first home buyers the opportunity to buy or build their first home with a deposit as little as 5%. For a Suncorp Home Package Plus option, you’ll need to pay an annual fee of $375. Eligible policies are Suncorp Home, Contents, Landlord, Car, Motorcycle, Caravan (including trailer), Motorhome and Boat. No LMI for First Home Buyers Is LMI waived for first home buyers? Yes, LMI can be waived for first home buyers, if you qualify for the First Home Loan Deposit Scheme. 8 Take ownership of your home. 24% p. Life of the loan $375 annual fee refund in Home Package. 9 billion sale of the Brisbane-based group’s banking division, securing Queensland government support in exchange for job pledges. To approved. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking. Contribute often to help your money grow faster, tax-free. Before you look. If a bank lends you $360,000, and you repay $40,000 but then fall prey to financial woes and can’t make your repayments, the bank is then $320,000 out of pocket. Contents temporarily removed. Suncorp Home Package Plus Fixed - 5 Year Fixed ($150k+ LVR ≤95% Owner Occupier, P&I) First Home Buyer Suncorp Home Package Plus Fixed - 1 Year Fixed LVR =90% (Investor, IO) Use this Suncorp Bank calculator to estimate how much stamp duty and other government costs you may have to pay when purchasing a property. This doubled First Home Owner Grant will come into effect from Monday, 20 November. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. HPP Fixed Rates Special Offers valid 20 October 2023. 2 million customers will increase ANZ customer base by 20 per cent. Suncorp Bank has set its five-year standard fixed rate at 6. This program has a low down payment requirement and features a lower-than-average interest rate. Fixed Package Home Loan Borrowers looking for a package home loan deal will have two options to choose from: the Fixed Home Loan (Home Package Plus) which is available to both owner occupiers and investors or the Fixed Home Loan First Home Buyer (Home Package Plus) which is only open to owner occupiers who have never purchased a. This loan is available with a 110% LVR for first home buyers. Suncorp Bank’s 1. Here's what not to do!The First Home Owners Grant is a one-off grant that offsets the cost of GST on home ownership for eligible first home buyers. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. $500. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Or, buy or build your first home with a deposit of 5% under the First Home Guarantee or Regional First Home Buyer Guarantee. I recommend this course to every first-time home buyer. All rates are valid until withdrawn and are subject to change. ”. 5% for those with credit scores of 580 or.