We guarantee you’ll love living in the South West when you live in a home built by us. We know what makes the South West special, because we live here too and we pride ourselves on local, quality workmanship.
Want to know about another guarantee that’s important to us? It’s the kind that comes with the guarantor loan that could get you into a home of your very own, one built by us, WA’s most awarded builder.
Who’s eligible for a guarantor loan?To be eligible for a guarantor home loan, you’ll need to meet a number of requirements. Here’s the basics you’ll need…
- To be 18 years or older
- To be an Australian citizen or permanent resident
- To have a stable income
Ready to get started?
Our in-house team of finance specialists can tell you if you qualify for a guarantor loan and guide you throughout the entire process. Contact us today to get started on your home building journey.
Find the answers to some of the most common questions asked by first home buyers, or get in touch with our expert team to learn more!
What does it mean to be a loan guarantor?
Being a guarantor means you’ll be helping someone to get credit. Guarantor’s basically provide a guarantee on a loan by promising to pay back a debt if the borrower can’t. A portion or all of the equity in the guarantor’s property is usually required by lenders as additional collateral on the loan.
Can anyone be a guarantor?
Your lender will usually require that a guarantor is someone you have a close personal relationship with. This usually means a parent or a spouse, but it could also be siblings, aunts or uncles or an in-law.
Why would someone need a guarantor?
A borrower might need a guarantor because they’re young and don’t have much credit history, they might for instance be a first home buyer, or they may have just started a job, have a history of bad credit or have a lower income or savings than the banks require. A guarantor can help borrowers overcome these hurdles.