It found the “Bank of Mum and Dad” was among the top 10 lenders in Australia, just behind Suncorp and one place ahead of the Bank of Queensland. Under the deal, ANZ will. a. Source: (Bich Tran / Pexels) 1. For the latest state-based information, chat Suncorp's Home Package Plus Special Offer for First Home Buyers allows customers to choose from a competitive Standard Variable rate or a 5 Year Fixed rate of 3. comparison*), you’ll need to be an owner-occupier with a LVR of 60% or less, borrow more than $150,000, and open a Suncorp Everyday Option Account. ME General Manager, Home Lending Andrew Bartolo said: “First Home Buyers told us they. Manager, Suncorp Group Content & Personalisation: Ashika Naran. BANKING Banking and home. It’s a national scheme, however the grant is funded and administered by each state or territory. 9 billion ($3. Buying a home. My Suncorp; Health Online Services; Search Close. VA loans are no-down-payment loans for borrowers with a. Data accurate as of 02/11/2023. In this way, it can give a more accurate result by: Confirming which lenders/mortgage insurers are likely to accept your mortgage application. You have a credit score of 660 or higher. You are a first-time buyer purchasing a single-family home to be your primary residence in any state other than New York, Hawaii, and Alaska. You can apply for a genuine savings loan if you have a 5% deposit that is coming from one of these sources: Money that has been held in a savings account for 3 to 6 months (depending on the lender). Suncorp Group’s Post Suncorp Group 112,933 followers 1y. Suncorp interest rate cut. What it pays to know before building your own home. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. National and state first-time buyer programs may be useful. Usually first home buyers with less than a 20 per cent deposit need to pay lenders mortgage insurance. The first home owner grant (FHOG) is a one-off payment to encourage and assist first home buyers to buy or build a new residential property for use as their principal place of residence. and a comparison rate of 7. This Suncorp-Metway home loan has an interest rate of 6. The refund maxes. For FY2023-24, 35,000 places are available. Suncorp’s shares were also flat at $14. ^Read the comparison rate warning. It doesn’t mean you’ve received final approval for a home loan. 45% p. Your home loan interest will be calculated on $480,000, rather than $500,000, saving you interest. New South Wales and Tasmania, you have 3 months to pay stamp duty. Buying a home. Pre-approvals excluded. Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Buying a Home. It is now the fifth largest bank in Australia. Who comes first, pets or friends?. Devastating floods have contributed to home insurance price rises of almost 10 per cent on average at Suncorp, one of the biggest. T&C’s apply. Notes: Rebate of $1000 for first home buyers. Business Insurance and Barrister Insurance) has issued from AAI Limited ABN 48 005 297 807 trading as Suncorp Insurance. Our plan is to buy this first property as a 'stepping stone', something that we can live in while we start our family, and upgrade when they go to school (in around. Suncorp Home Package Plus Fixed. Try out our offset calculator to see what you could save. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowCredit card. As the first home is valued between $530,000 and $534,999. 26 August 2021. CommBank has partnered with Home-in, your personal home buying concierge to help simplify your first home buying journey. Before you buy, it's important to not only obtain legal advice, but to properly inspect the home for any pests and building issues to ensure you aren't faced with any unwanted (and costly) surprises down the. a. First Home Owners’ Grant. Complete your application online through. Read more now. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowBuying your first home in Australia. com. Here’s a comprehensive guide to help you through the process of buying your first home, step-by-step. Loan amount. Up to $500. South Australia, you pay stamp duty on or before the day of settlement. Northern Territory, stamp duty is payable 60 days after settlement. PC is an authorised agent of nib and receives commission from nib. Whichever it is, it should be a home that you can afford and ticks all the right boxes. First Home Loan Deposit. The First-Time Home Buyer Incentive. You must apply for a grant and/or pre-approval for the first home owner rate of duty within 12 months of completion of the eligible transaction. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowSuncorp Bank was founded in 1902 as the Queensland Agricultural Bank. We’ve broken down the homebuying process. Read on to see your first-time homebuyer checklist and lay out the plan to buy your first home. Only the home concession applies because the value of the residence is over $550,000. The first step to buying a home is to learn what kind of ground you’re standing on from a lender’s perspective — and that means knowing your credit score. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Some covet prime locations and don’t mind buying a subsale, while others are all about the new, high-rise life in the big city. The Suncorp Standard Variable Home Loan Special Offer (Home Package Plus) is one of those great home loans that offers both value and flexibility. An additional 10,000For an exact quote, please contact one of our mortgage brokers by calling 1300 889 743. ) less the Home Package Plus discount. Suncorp Executive General Manager Lending, Glenn Haslam, says buying a home can feel overwhelming, however, if people have the right information and support, it can be a straightforward process. A conventional 97 mortgage is a type of conventional loan that helps first-time home buyers finance a single-family home with a low down payment. Learn about government programs that make it easier to buy a home, including loans, mortgage assistance, and vouchers for first-time home buyers. This Suncorp-Metway home loan has an interest rate of 6. Lending criteria, terms, conditions and fees apply to this offer —. 229882 Australian Credit Licence 229882 (“Suncorp Bank. Read the policy booklet before buying this insurance. 24% p. Suncorp’s Home Package Plus. 93% p. Depending on what you need, a home loan package might help you save by: waiving annual fees on credit cards. #Mortgages #HomeLoans #HeiseSaysThe Bank of Mum and Dad is nearly bigger than Suncorp having lent $29 billion to first home buyers. For example, up until 30 June 2017, the Queensland Government will contribute $15,000 - $20,0000 to help first time buyers buy or build their new house, unit or townhouse (valued at less than $750,000). (6. This estimation takes. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. Cheapest home loans; First home buyers; Fixed rate home loans. Funding will be made available to Utahns on or after July 25 and will help individuals and families receive a loan of up to $20,000 to buy down interest rates, apply funds towards a down payment or pay closing costs on a first. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. 7 Complete settlement. All applicants for the loan must be first home buyers and take out an Eligible Home Loan with Suncorp Bank. However, it operates quite differently to the majors, with different home loan types and lending policies. Federal agencies acquire these properties through foreclosure, forfeiture, or failed banks. The KiwiSaver Scheme Rules in Schedule 1 of the KiwiSaver Act 2006 have been amended to allow KiwiSaver members to withdraw their savings to purchase their first home before the agreement is unconditional, provided any payment is made to "a stakeholder". The schemes allow mainly first home buyers to get a mortgage with a low deposit of between 5 per cent and 20 per cent of the value of the property. With the Standard First Home Buyer Special Variable Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a loan-to-value ratio under 90%. Suncorp’s home lending. (‘New Suncorp home insurance’ excludes landlord and strata insurance). Rentvestors aren’t able to access the First Home Owners Grant, which is available for certain first-time, new home buyers who will occupy their property for the first year. 2. It can be hard to know where to start. T&Cs. Simply adjust your loan amount, loan terms, and interest rate to see how you could pay off your home loan faster. The way this is calculated is through the LVR – Loan to Value Ratio. With the Standard First Home Buyer Special Variable Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a. Settled. Home Loans are issued by Suncorp-Metway Ltd ABN 66 010 831 722 No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. It can be hard to know where to start. You must also move into the property within 12 months from settlement and live there for at least 12 continuous months. But big banks buying and acquiring smaller banks happens frequently, so there’s no need to panic if you’re banking with Suncorp. First Home Buyers 🏢 Nov 2023. Share. Or, buy or build your first home with a deposit of 5% under the First Home Guarantee or Regional First Home Buyer Guarantee. The dividend payout ratio is 60. - Current Notice of Assessment. Suncorp has loans for borrowers with deposits as low as 10% or even 5%, though some of its. The First Home Owners’ Grant (FHOG) is a one-off payment from the federal or state government of up to $10,000 to put towards a purchase or build of a first property. Unused contribution room can be carried over to the next year, up to a maximum of $8,000. Manage Your Banking. A $3,000 cashback bonus is available to help with the costs of buying a first home. First-home buyers are provided the same low rate on a standard variable or five-year fixed loan term. Australia and New Zealand Banking Group is buying the banking arm are insurer Suncorp Group for A$4. ($3. 33 billion), as the smallest of Australia's major lenders seeks to revive growth at. A first-time home buyer is a home buyer who hasn’t owned the home they’ve lived in within the most recent three years. The amount for the HBTC was increased to $10,000 in 2022. com, this was down 4. Buying a Home. The $15,000 First-Time Homebuyer Tax CreditDown payment. You can then choose to pay now, schedule a repayment in the future or set up recurring repayments. Some states offer free Stamp Duty or a reduced amount for first home buyers. Suncorp Group’s Post Suncorp Group 113,829 followers 1y. Sales to first-home buyers grew 50 per cent, from $800 million to $1. This doubled First Home Owner Grant will come into effect from Monday, 20 November. Those who buy a property worth between $800,000 and $1 million will pay a reduced rate. ANZ plus Suncorp would have 15. A conventional 97 loan let’s eligible home buyers borrow up to 97% of the home’s value with a down payment as low as 3%. First-Time Home Buyer: An individual who is purchasing a principal residence for the first time. They’re usually awarded to low- or moderate-income borrowers. Suncorp's Home Package. Under the RFHBG, part of an eligible regional home buyer’s home loan from a Participating Lender is guaranteed by Housing Australia. E verything you need to know about the First Home Owners Grant in your state;. This can include furniture, appliances, curtains—all sorts of stuff! There are a handful of things we don’t. Are you buying a home or looking to refinance? You can apply online in as little as 20 minutes. Up to 30% of the general contents sum insured for up to 180 days unless they are stored in a bank deposit box. a. You are making a down payment of twenty percent and using a 30-year conventional fixed-rate mortgage. How do their home loans compare to the major banks? Suncorp Bank. Suncorp QLD CTP Insurance counts as an eligible policy, but it cannot be discounted due to. It gives you the opportunity to know the inside out of the home buying business. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. My pre-approval expires on: I’m buying a home!Nov 10, 2022 – 3. 49% p. a. Money held in a term deposit for over 3 months. SUNCORP LIFE INSURANCE Suncorp Life Insurance products, other than in some. Suncorp Bank (Suncorp-Metway Ltd ABN 66. Tap Pay / Transfer and select Transfer. What’s Suncorp Insurance coverage? 3. Options: Highest Implied Volatility. a. The Home Buyers' Plan (HBP) is a program that allows you to make a withdrawal from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a specified disabled person . com. Buying a Home. 4. You may receive 5% or 10% of your home's purchase price for a down payment. If you need help or just want advice, talk to one of our Home Loan Specialists and get started on your home buying journey. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowKey features. a. Get expert advice from a home loan specialist. a. Pay no taxes on any investment earnings. Contribute tax-free for up to 15 years. Your home loan interest will be calculated on $480,000, rather than $500,000, saving you interest. 5 per cent ($430 billion) and the Commonwealth Bank's 25. 2. a. Suncorp Home Package Plus Fixed. 5 points per $1 spent for the rest of the statement period. 35 %. Excludes refinance of existing Suncorp Bank loans or loan pre-approvals. The Scheme is administered by the National Housing Finance and Investment Corporation (NHFIC). The 1st Time Advantage 3% Loan is another option that provides 3% of the mortgage amount with 0% interest. 1. The Commonwealth Government's First Home Loan Deposit Scheme will assist eligible first home buyers to purchase a house with a 5% deposit. Use this calculator to find out your estimated home loan repayments. Australian Associated Press. Apply online. The NSW Government has expanded the First Home Buyer Assistance Scheme (FHBAS). Suncorp has announced an exclusive new offer for first home buyers to “help them realise their property ownership dreams”. When you’re buy our first home, there’s an lot in learn. You can access informationBuy or build your first home sooner. Learn how to Get a Suncorp Insurance coverage Quote for House. Please note that fees may apply for some methods of payment. 9 billion purchase of Suncorp’s banking unit has created the nation’s third-largest home lender and deposit taker in what is the biggest local bank deal since Westpac bought St. Suncorp’s Home Package Plus Special Offer for First Home Buyers allows customers to choose from a Standard Variable rate or a 5 Year Fixed rate of 3. A mortgage is a loan taken out to buy property or land. MORE LIKE THIS First-Time Home Buyers Deciding to Buy a Home Mortgages. Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Reach Out to a Mortgage Lender. If successful, your home loan would increase to $465,000, and you’d still have 20 years to repay that amount. With the Standard First Home Buyer Special Variable Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a loan-to-value ratio under 90%. Copywriter: Michael. George Bank cashback offer. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. A MUM of two children with special needs has broken down on the witness stand after describing her “atrocious. 2. 2863 and is known by several names, which we use interchangeably throughout this review:. Buying a new home (particularly for the first time) requires a. No LMI for First Home Buyers Is LMI waived for first home buyers? Yes, LMI can be waived for first home buyers, if you qualify for the First Home Loan Deposit Scheme. The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. Or, buy or build your first home with a deposit of 5% under the First Home Guarantee or Regional First Home Buyer Guarantee. Home loan top up benefits. 4 Claims. Contents Insurance covers the stuff inside your house. A first-time homebuyer can be defined as a person who is buying a principal residence for the first time. Learn more about schemes and grants. Phone Number +61 13 11 75. Over £625,001. Suncorp Bank is a bit differing to some of the larger financing, but how do their residence loan our review? We compare them to other mortgages are Queensland. This estimation takes approximately 2 minutes to complete and will also tell you if you could be eligible for the First Home Buyers Grant in your state. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722. Suncorp’s offers for First Home Buyers can help ease some of the strain by refunding the annual $375 fee. Being a smaller bank Suncorp have quite good home loan specials and interest rates compared to the bigger lenders…But they can sometimes ask for more informa. The First Home Super Saver Scheme allows you to save for your. Buying a home is a big deal with many things to consider, like saving a deposit and getting a home loan. $460,415*Suncorp key facts. Let’s get you settled. Read more here to find out what you could be entitled to. It offers variable and fixed rate home loans, and customers have the option of paying principal & interest, or interest-only. 54 per share and currently has a dividend yield of 3. Advice on buying a home. 9 per cent ($517 billion). 39%. Suncorp Commercial offers a simple process and good interest rates for small commercial loans up to $1 million. Buying a home is a big deal with many things to consider, like saving a deposit and getting a home loan. Accounts consist of every day, savings, and kids’ accounts. 5% for a first-time buyer’s purchase of a new or resale mobile/manufactured home. Read more here to find out what your. Price thresholds on property values apply as per the table below. Government agencies sell real estate and federal lands either by auction or offer. 3 Research your future home. Better. Typical Suncorp First Home Buyer Borrow between 90 – 95% LVR (inclusive of LMI) 10 – 15% deposit or via Deposit Kickstart Combined income of $200,000 or below Average. com. SYDNEY (Reuters) - Australian insurer Suncorp Group Ltd <SUN. You can apply with a deposit as low as 5% (excluding costs). For example, a property worth $600,000 in New South Wales will incur a stamp duty of just over $22,000. The exact amount will vary depending on which state you're in, but it's calculated as a percentage of the property price. Most run for 25 years, but the term can be shorter or longer. ($3. Explore a range of articles and helpful tips to help guide you through the process. Principal & Interest 5Y Fixed 5% min. See full list on suncorp. Offers several low-down-payment loan options, including FHA, VA, USDA and the PNC Community Loan. Split rate loans available. Suncorp’s Home Package Plus Special Offer for First Home Buyers allows customers to choose from a Standard Variable rate or a 5 Year Fixed rate of 3. 3. For example, a new loan may incur an establishment fee, while other fees such as a monthly. Decide on the style of house you want by looking at a wide range of display homes, be realistic about size and the number of rooms you need, and check cost-saving options in terms of fittings. Michael Mata. See terms used in the Lodgement Guide for more information about the completion date. So, why choose a top up over more familiar lending options?Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowThe First-Time Homebuyer Act is a congressional bill to grant first-time home buyers up to $15,000 in refundable federal tax credits. Banking and home loan products are issued. HSBC, Macquarie Bank and Suncorp also recently announced cuts which will take their respective fixed loan rates to new lows, though none of the three lenders will be adjusting variable rates - at least, for now. Suncorp's home loan rates are quite competitive, especially its package home loans. From getting a mortgage to making an offer, the more you understand about the property transaction early on, the less overwhelming it will be. Only one grant is payable per eligible transaction, so two. Australian Government’s HomeBuilder Scheme. T&Cs apply. To qualify, at least one borrower must be a first-time home buyer. Exclusively for first home buyers, we offer special discounted rates on loans of $150k+. Suncorp Bank’s lending specialists can help you make informed decisions, whether you’re a first home buyer or an experienced property investor. Suncorp Clear Options Gold. How to apply for the FHOG. Complete an application with your personal and financial details, such as your ID and tax file number. SPA, Stamp Duty Malaysia, And Legal Fees For Property Purchase. National and state first. 00. com. It could be more affordable than buying a home as an individual, because you will probably have more money to pool together. 70%. 6 times system growth. Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Compare. Once you’ve made the decision to build, Sydney-based. Explore a Range of Articles furthermore Explainers on Everything from Main Lending and Deposits, to Residence Building Extremities and Tricks - Find Out More CurrentlyHouston, TX: Houston's Housing and Community Development Department offers two programs for first-time home buyers in the city. first home buyers for new* residential properties purchased from 1 July 2018 onwards. We’re doubling the First Home Owner Grant to $30,000 until 30 June 2025. New York-based ESL Federal Credit Union has a matching program for Black and Latinx first-time. Contents temporarily removed. To qualify as a first home buyer, you must be: purchasing the first home you or your spouse have owned or co-owned in Australia*There is a tax break for first-time home buyers in Canada, which is called the first-time home buyers’ tax credit, or HBTC. Suncorp’s bank, up for sale to ANZ, continues to grow rapidly in the home lending market, even with a major rival saying it is consciously cooling on home loans. The maximum LVR one can be approved for is 95%, including LMI. from the Standard 3 Year Fixed Rate (currently 6. . Repayments should not exceed 30% of pre-tax income - use the repayment calculator as a guide. Tell me moreExplore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowGrants and Government schemes. Get a quick online quote in just minutes. 15% multi-policy discount # when you combine any 3 or. a. This loan is available with a 110% LVR for first home buyers. The documentary aired multiple times on Channel 9 and in the first few weeks, Suncorp received enquiries from 13. 6. Buying a home is a big deal with many things to consider, like saving a deposit and getting a home loan. This Suncorp-Metway home loan has an interest rate of 6. Interest-only option available on some loans. The discounted rate (currently 6. ANZ has agreed to buy Suncorp’s banking business for $4. Your borrowing capacity relates to your current financial situation, including your income, financial commitments and regular expenses. (5. 9 billion ($3. 6 months. Tremendo curso para primeros compradores, te ayuda a despejar dudas en ciertos puntos como por ejemplo: deudas, deposit, cierre, etc. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. The cash contribution is conditional on keeping your home loan with ANZ for at least three years. Read the policy booklet before buying this insurance. who qualifies for first time home buyer, first time home buyers grant, 1st time home buyer qualifications, first time buyer house, first time home buyers program, hud programs for first time home buyers, requirements for first time home buyers, hud approved first time home buyers course ExpressExtension could. a. on new lending of $150,000 or more. With the Standard First Home Buyer OO PI Fixed Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a loan-to-value ratio under 95%. Regional First Home Buyer. To be eligible for the Home Guarantee Schemes with us, you will need to meet the below prerequisites: - Completed Home Loan Application Form (no reservations to be made without application). Suncorp Group today announces it has signed a share sale and purchase agreement with Australia and New Zealand Banking Group Limited (ANZ) to sell its banking business. All of the services Mint Equity provides are free of charge, that means you’ll have direct access to over 30 years of industry experience and expertise at no cost. Buying your first home; Invests in property; Understanding whatever you sack afford;. If a bank lends you $360,000, and you repay $40,000 but then fall prey to financial woes and can’t make your repayments, the bank is then $320,000 out of pocket. Chat to us today to make sure your home loan has all the features to suit your personal circumstances. a. Suncorp Insurance has launched a new chapter of their Resilience platform via Leo Burnett Australia with ‘If your home could talk’, a campaign that focuses on South East Queenslanders and how they can think differently to protect their homes from extreme weather events. comparison rate*), while investors can. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. Home Building Insurance covers your house — as we mentioned — and it also covers other permanent structures. Example: A customer has a $300,000 home loan, with 20 years remaining. That person is usually the vendor's solicitor, who can only release the funds. Pre-approvals excluded. Buying a home? It’s intelligent to factor included all the what of homeownership and how you much you can borrow. Our LMI calculator asks for more information than other calculators you may find online. 09% p. First-time homebuyers also qualify for SONYMA’s low interest rate program. The grant amount. 00. The FHLDS enables first home buyers to purchase a home with a minimum 5% deposit while paying no LMI (Lenders Mortgage Insurance) with participating lenders. 74% p. govt. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. Victoria, you pay stamp duty within 30 days after property transfer. 85% p. In September 2023, the median list price of homes in Tacoma was $470,000. With the Standard First Home Buyer Special Variable Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a loan-to-value ratio under 95%. To be eligible, you need: Your income must be more than $90,000 per year to be eligible. Our Home Buying Guide can help she every pace of aforementioned way. “While first home buyers are showing a willingness to get into the market, the unknowns of the process can sometimes make it daunting,” says From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. a. 1. Drawdown must be within 180 days of. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. We pride ourselves on our high service levels, and in particular the way we help first home buyers. Suncorp Bank has unique home loans and low-interest rates. “You may not be able to get into your dream suburb if you’re looking at buying land,” says Zoran. buyers purchase their first home sooner. Can make lump sum and extra repayments on all loans. 1% year over year. Low kilometre savings for customers who drive their car less. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. Traditionally, home buyers need to save a 20% deposit to avoid paying costly Lenders' Mortgage Insurance (LMI).