WHAT DO I GET AND HOW DOES IT WORK?
QLD First Home
Land Developers Assistance
“The Government’s scheme allows borrowers to front up with just a 5% deposit… meaning that they won’t have to pay expensive Lenders Mortgage Insurance (LMI)… with major banks only able to give the greenlight to 3000 successful applicants… [all of the allocations] have already been taken out.”
– The Daily Telegraph, 2020
What is Mortgage Lenders Insurance?
Lenders Mortgage Insurance (LMI) protects your lender in the event that you default on your home loan and there is a ‘shortfall’. This occurs when the proceeds from the sale of your home are not enough to cover the outstanding amount you owe to your lender.
On January 1st 2020 the Australian Government released the new First Home Loan Deposit Scheme. Where, only 10,000 applicants country wide have access to borrow up to 95% of their home loan without paying mortgage insurance. Needing a 5% deposit, not including the First Home Owners Grant, this offer is strictly limited to 10,000 first home buyers only and available through selected lenders.
Who is Catapult Homes?
Based in Brisbane, Queensland, Catapult Homes is focused on helping Australians achieve their dream of home ownership. With a highly skilled team of experienced professionals, our advice is based on economic and current industry trends.
We believe in championing for the First Home Buyer Squad which means creating sustainable and environmentally conscious builds, combined with smart technology for the future.
Our custom finance and build solutions allow you to enter the property market in your desired location.
WE WORK WITH MAJOR AUSTRALIAN BANKS
INTEREST RATE FROM 2.98%
Comparison rate of 3.85% P.A^
CHECK WHERE YOU CAN ACCESS YOUR BONUS DEPOSIT ASSISTANCE
Through these relationships, we can help you catapult into your first home faster!
Bellbird Park- $5,000 BONUS
Collingwood Park- $5,000 BONUS
Burpengary East- $10,000 BONUS
Pallara – $10,000 BONUS
Redbank Plains – $15,000 BONUS
Ripley – $10,000 BONUS
Logan Reserve – $8,000 BONUS
Fernvale – $15,000 BONUS
Ripley – $10,000 BONUS
Bellbird Park | House & Land
Whitehaven Modified Design Premium | 4 Bed, 2 Bath, 2 Car
Land size: 409m2 | House size: 202.41m2
Land price: $237,000 | Build price: $280,900
Bonus Incentive: $10,000
Custom Design Your Package
Collingwood Park | House & Land
Whitehaven Modified Design Essentials | 4 Bed, 2 Bath, 2 Car’
Land size: 429m2 | House size: 202.41m2
Land price: $237,000 | Build price: $258,900
Bonus Incentive: $5,000
PARTNERING WITH INDUSTRY-LEADING EXPERTS
DID YOU KNOW...
In one year, you would have paid $20,800 of rent toward your landlord rather than into your own mortgage! And if you stay renting for three years, that’s $62,400! Rent money is dead money, so break the rent cycle now with our low deposit solution and start owning your own home!
Since 2000, property value in SEQ has risen by an average of 8% per annum. This means, being conservative, in 5 years, your potential capital growth on your $400,000 home would equate to approximately $100,000 (at 5% growth). So, only are you putting your money toward your landlord’s mortgage, you’re also losing out your capital growth on your own property by not purchasing as soon as you can!
This will not only cause financial hardship on you having to move and find a new home in short notice, but also will disrupt your family and they may have to move schools, make new friends, and find a new community.
We’ve had clients tell us stories about how they cannot hang their wedding photos on the walls, or had to put their beloved pets up for adoption because of their new landlord. This means they don’t get to create the home they want. Own your own life and stop renting with our low deposit finance solution!
You can get into your first home for just $2,000 AND be eligible for up to $40,000 in deposit assistance!
Find out how by filling out your details and one of our finance consultants will be in touch to qualify you for our exclusive finance solution and offer. Catapult into your first home now with Catapult Homes!
GET FINANCE QUALIFIED NOW
Register below to access your custom finance consultation and find your perfect first home.
*The information presented is of a general nature only and should not be considered specific advice. Each person should check that this offer is suitable for them. To be eligible, customers must (a) pay a $1,000 deposit applied to a land contract to initially secure a land contract before 30th April 2020 (b) pay a $1,000 deposit applied to a build contract with Catapult Building Pty Ltd to initially secure a build contract before 30th April 2020 and (c) qualify for a home loan. Credit assistance is to be arranged through Catapult Finance Pty Ltd ACN 620 666 515 and Australian Credit Licence 508374. The maximum purchase price of the house and land package is not to exceed $500,000 and payment of mortgage insurance premium is limited to $15,000. The payment of the mortgage insurance premium will be by way of refund to the client after land settlement and upon provision of evidence of the mortgage insurance premium amount being charged by the lender. Catapult Building Pty Ltd may vary or withdraw or extend this offer at any time. This offer is not available in conjunction with other offers.
Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only. WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Interest rates shown are accurate as of 15th January 2020 which are subject to change and are to approved purchasers only. Lender terms and conditions apply, and loan is subject to the applicant meeting the lender and mortgage insurance credit approval criteria.