Applications now open for First Home Loan Deposit Scheme (New Homes).
Customers looking to build or purchase a new home can now apply for the Government's First Home Loan Deposit Scheme (New Homes) with CommBank.
Announced in October, an additional 10,000 customers can now apply for a loan to purchase an eligible newly built property with a deposit of between 5 and 20 per cent under the extension to the First Home Loan Deposit Scheme.
Commonwealth Bank Group Executive Angus Sullivan said: "As one of only two major lenders to participate in the Scheme, we are proud to have helped over 3,000 Australians purchase a home sooner than they otherwise would have.
"We are excited that even more first homebuyers can now realise their property ownership goals with CommBank including taking advantage of our lowest ever advertised fixed rates."
