Saving for a deposit and purchasing an affordable home is increasingly challenging, placing home ownership aspirations out of reach for many Victorians.
Through the Victorian Homebuyer Fund, the Victorian Government may help you fast-track your path to homeownership by supporting you to purchase your own home with as little as a 5% deposit (or 3.5% for eligible Aboriginal and Torres Strait Islander participants), while saving thousands of dollars in lenders mortgage insurance costs.
To talk to someone about the Victorian Homebuyer Fund and have a conversation about your own situation, contact us on 1300 36 2000, or make an online booking with one of our dedicated lending specialists.
Through the Victorian Homebuyer Fund, the Victorian Government is supporting and creating opportunities for eligible participants to buy a home. The Government’s contribution means a smaller deposit and lower monthly repayments. Download the fact sheet for more details.
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Under the Victorian Homebuyer Fund, you will have a mortgage with Unity Bank to help fund your share in the property, and you will pay interest (and principal repayments) on that mortgage as you would any other debt funding agreement you entered into. The Government’s interest in the property will be represented as a second mortgage on the title, alongside the primary mortgage held by the lender.
Eligible participants
Eligible Aboriginal and Torres Strait Islander participants
For full details on the Victorian Homebuyer Fund, download the fact sheet.
To find out more or assess your eligibility, talk to us or download the fact sheet.
| Variable Rates | Principal & Interest | |
| Interest Rate | Comparison Rate | |
| LVR of 60% and below | 5.99% p.a. | 5.99% p.a. |
| LVR from 60% to 80% | 5.99% p.a. | 5.99% p.a. |
| LVR from 80% to 90% | 5.99% p.a. | 5.99% p.a. |
| LVR Above 90% | 5.99% p.a. | 5.99% p.a. |
| Standard | 7.34% p.a. | 7.34% p.a. |
| Fixed Rates | Principal & Interest | |
| Interest Rate | Comparison Rate | |
| 1 Year | 5.99% p.a. | 7.20% p.a. |
| 2 Year | 6.19% p.a. | 7.11% p.a. |
| 3 Year | 5.54% p.a. | 6.82% p.a. |
| 5 Year | 6.29% p.a. | 6.87% p.a. |
"We were very pleased with the speed and personalised service we received from the team at Unity Bank in helping us purchase our first home. We also found their products to be very competitive. Unity Bank has more of a family feel to it than a corporation. We have already recommended them to others, as we are very happy with them."
Emanuel, Member
All information including interest rate is subject to change. Unity Bank is a participating lender for the Victorian Homebuyer Fund, an initiative of the Victorian Government under which the Government contributes up to 25% (up to 35% for Aboriginal and Torres Strait Islanders) of the price of the property for eligible applicants buying eligible properties, in exchange for an equivalent interest in the property secured by a 2nd mortgage, and Unity Bank lends the balance purchase price, less the deposit, secured by a 1st mortgage. Terms and conditions, fees and charges, Scheme eligibility criteria and lending criteria apply. Full details available on application. All information is correct as at 18 November 2024 and subject to change. Target Market Determination available here.
*Stamp duty and other costs payable. Terms and conditions, eligibility and lending criteria apply. Restrictions and obligations imposed after purchase. Full details available on application.
