At Auswide Bank, we understand that it may be difficult for some young people to aspire to owning a home of their own.
We also understand that sometimes parents want to help out a first home owner.
Helping your child with their first home purchase can be a rewarding and exciting experience for everyone. You'll be helping them gain some independence and get started on an investment for the future.
Providing a loan applicant can demonstrate they are able to save and make loan repayments in their own right, Auswide Bank provides some opportunities for parents to provide some support.
Depending on the circumstances, we may consider:
Of course every family's circumstances are different and Auswide Bank wants to make sure any commitment is a good one for all involved.
That's why it's best to contact one of our Lending Consultant's first for an obligation free discussion.
This information is a summary of features & benefits only. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Loans are only available to approved applicants offering security in approved property in Australia. Prior to entering into a credit contract with us you should read our Credit Guide.
^Deposit criteria may vary depending on the location and type of property being used as security.