Acuity has developed its own unique finance product for developers and new home buyers. We call it our 100% Funding facility. This product essentially provides one solution to two problems: housing affordability and the need for property developers to clear stock.
Why should homebuyers use 100% Funding?
For homebuyers, this product allows you to enter the real estate market without a deposit. We see this as the perfect affordable solution for first home buyers.
It is also a great option for investors, who are now typically required to provide a higher deposit. Many banks are unwilling to lend to property investors above an 80 per cent LVR.
The 100% Funding loan is ideal for first time buyers, property investors, new migrants and anyone eager to own their own home without waiting years saving for a deposit.
Why should developers use 100% Funding?
For developers, this product significantly speeds up the sales process and attracts a larger share of first home buyers and local investors.
As of 9 May 2017, the Australian government has limited apartment sales to foreign buyers. Under the new rules, 50 per cent of presales must be kept for Australian residents.
Our 100% Funding facility is ideally suited to developers under this new regime.
How does it work?
Acuity’s 100% Funding model allows property developers to offer buyers 100 per cent finance in the following way:
For more information about our innovative offering, get in touch with Acuity Funding today.