FIRST HOME BUYER BONUS OF $3,000 IS NOW AVAILABLE
CreditMax is implementing a new first-time homebuyer bonus starting on Thursday, December 1, 2022, for qualified first-time homebuyers, offering $3,000 to be paid after settlement to assist with home purchase expenditures (the First Home Buyer Bonus Offer).
There will be no change to the current First Home Buyer Conveyancing Rebate until Wednesday, November 30, 2022.
Summary of the Qualification Requirements:
| Application Deadline | December 1, 2022 (as per original submission date)
Note: Offer subject to change or withdrawal without notice. |
| Drawdown | Withdrawal within 180 days of the application date |
| Loan Purpose | Acquisition or Development of Residential Property for Owner Occupation |
| Applicants | Must be an Individual
(i.e. Excludes Non-Individual Applicants) |
| Minimum Loan Amount | $250,000 or more (New to CreditMax Lending) |
| Included Home Loan Products | Owner Occupied Home Loans:
Standard Variable Rate Home Loan Fixed Rate Home Loan Simplicity PLUS Home Loans |
| Excluded Home Loan Products | Residential Investment Loan Products
Home Loan in a Company Name Products Land Loan Products |
| Eligible Payable CreditMax Account | CreditMax Access Advantage, CreditMax One Offset or CreditMax Plus Account in the name(s) of the borrower(s)
Other payment methods are not acceptable |
Note: Family guarantees are acceptable provided that ALL applicants (excl. the guarantors) are genuine First Home Buyers (i.e. Not previously owned a residential property in Australia jointly or separately).
In-flight Applications:
- For applications submitted on or prior to Wednesday 30 November 2022:
- The First Home Buyer Conveyancing Rebate offer applies. Refer to the First Home Buyer Conveyancing Rebate Form and complete the required steps to claim the offer as per BAU. The First Home Buyer Bonus Offer does not apply.
- For applications submitted on or after Thursday 1 December 2022:
- The First Home Buyer Bonus Offer applies.
What you need to do:
- Read the Terms of Use and Terms and Conditions to familiarise yourself with the First Home Buyer Bonus Offer.
- Submit the Home Loan Application as per BAU including labelling ‘First Home Buyer’ in ALL the following:
- Application cover sheet
- Applicant details (First Home Buyer tick box)
- Submit the First Home Buyer Bonus Claim Form to info@creditmax.com.au within 14 days post-drawdown.
Note: If CreditMax has not received a First Home Buyer Bonus Request Form and the Home Loan Application has not been labelled as a First Home Buyer – CreditMax will not process a First Home Buyer Bonus payment.