MyRate Education Centre
First Home Owner Grant (FHOG)
The First Home Owner Grant is a scheme introduced by the federal government to assist people in buying their first property. The amount of the grant differs for each state and territory and can depend on the loan amount and value of the property.
You can find more information for your state at any of these sites:
The following is the procedure you would follow to get your First Home Owners Grant.
- Get a pre approval for the loan amount.
- Get a contract of sale.
- At the time when you get formal approval, this is when you apply for the grant.
At this stage you have two options:
Apply yourself
- Benefits: Grant goes direct into your own account, can be used towards the purchase of property or any fees and charges.
Apply via a lender
- Benefits: less stress! Your lender will handle the application from start to finish.
- Draw back: grant will only be available at settlement or after settlement.
To make sure things run smoothly remember to have all the following paperwork to supply:
- FHOG application form – this must be the original, not a copy or fax.
- Certified contract of sale.
- 100 Points of certified I.D. However, it cannot be both your passport and birth certificate, you can only use one or the other.
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