The home buyers assistance account (also known as the REBA grant) was established to provide first home buyers with financial support.
The scheme provides a grant of up to $2,000 for the incidental expenses of first home buyers when they purchase an established or partially built home through a licensed real estate agent for the purchase price of $400,000 or less.
The scheme is funded from interest paid on real estate agents’ trust accounts. The grant can be used for – mortgage registration fees, solicitor and/or conveyancing fees, valuation fees, inspection fees, establishment fees, mortgage insurance premiums and lending institution fees associated with lodging the application.
What can the Home Buyers Assistance Account in WA be used for?
The HBAA grant can be used to reimburse some of the incidental expenses incurred when purchasing a first home, such as:
HBAA Grant Eligibility Requirements
To be eligible for the HBAA grant, applicants must:
Fill out the form below and a dedicated finance expert will connect with you to discuss your needs.
The HBAA is a government initiative designed to assist first-home buyers in Western Australia with the costs associated with purchasing an established or partially built home.
The grant provides up to $2,000 towards eligible expenses.
Eligible expenses include mortgage registration fees, solicitor/conveyancing fees, valuation fees, inspection fees, establishment fees, mortgage insurance premiums, and lending institution fees.
he property must be valued at $400,000 or less.
No, the HBAA is only available for the purchase of established or partially built homes.
No, the grant is specifically for incidental expenses related to the home purchase.
Earn as much as $250 in vouchers of your choice when you refer a friend to Lime Mortgage Brokers
