THE federal government’s National Housing Finance and Investment Corporation (NHFIC) has appointed the Commonwealth Bank of Australia (CBA) as the second major bank lender, and a further 25 non-major lenders to the initial panel.
The panel of residential mortgage lenders will offer guaranteed loans under the new First Home Loan Deposit Scheme, which commences 1 January 2020.
The full list of initial participating lenders:
|Major bank lenders|
|National Australia Bank||Commonwealth Bank of Australia|
|Australian Military Bank||Auswide Bank||Bank Australia|
|Bank First||Bank of us||Bendigo Bank|
|Beyond Bank Australia||Community First Credit Union||CUA|
|Defence Bank||Gateway Bank||G&C Mutual Bank|
|Indigenous Business Australia||Mortgageport||MyState Bank|
|People’s Choice Credit Union||Police Bank (including the Border Bank and Bank of Heritage Isle)||P&N Bank|
|QBANK||Queensland Country Credit Union||Regional Australia Bank|
|Sydney Mutual Bank and Endeavour Mutual Bank (divisions of Australian Mutual Bank Ltd)||Teachers Mutual Bank Limited (including Firefighters Mutual Bank, Health Professionals Bank, Teachers Mutual Bank and UniBank)||The Mutual Bank|
|WAW Credit Union|