DHOAS HOME LOAN Broker-Brisbane

You may be eligible for the Defence Home Ownership Assistance Scheme or DHOAS for short, if you served on or after 01/07/2008, for at least 2 years full time (or 4 years reserve service). 

This tiered subsidy scheme was set up by the ADF to incentivise members to join the force and continue serving.

Essentially a portion of your mortgage repayment is paid into your loan account each month to help you with the cost of home ownership..

The amount of subsidy you receive depends on the size of your mortgage, which tier you are eligible for and the current median interest rate. 

Tier eligibility will depend on your years of service.

A condition of the subsidy is you need to live in the property for 12 months and apply for DHOAS loan products with approved lenders. 

Can I refinance a non-DHOAS regular home loan to a DHOAS loan?

Yes you can refinance your current loan over to a DHOAS loan with a DHOAS lender and receive DHOAS subsidy if you meet eligibility criteria.

Is DHOAS subsidy payments considered income by the bank?

DHOAS subsidy can be considered as income by the certain lenders and can help boost your borrowing power.

In addition, certain lenders will accept 100% of the following defence payments:

*  ADF allowances

* ADF reserve income

* DFRDB

* Comsuper

* DVA pensions

For more information on DHOAS loans and loans for defence members, please reach out to Specialty Home Loans - Brisbane DHOAS home loan broker.