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Melbourne, Victoria, Australia

Some Australian banks have become lenient when it comes to lending money for SDA projects.

Besides providing home loans for participants, banks are encouraging investment loans for family, friends or any interested investor.

Since there is a 20 year payment guarantee from the government for SDA projects, banks are willing to lend to people with a deposit of 20%.

Here are some ways you can get a loan approved for SDA funding:

  • Find an SDA complaint builder who knows the requirements of the participants.
  • Get a deposit of at least 20% so you do not have to pay¬†Lenders Mortgage Insurance.
  • A good credit history.
  • Exceptional credit score.
  • Stable employment with good income.
  • Build or make renovations on housing that has an adaptable design to accommodate people with different disabilities.

Post Author: editorialteam

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