fbpx
Connect with us

News

If You’re a First-Time Home Buyer, Here’s How You Can Get the Govt to Pay Your Deposit

Published

M'Sians Can Buy Their First Home With This Government Deposit Scheme - World Of Buzz 5
Source: Edge Prop

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Buying a house is not easy nowadays as the prices seem to skyrocket higher and higher every year. With our meager salaries, it seems like we need forever to save up for the deposit!

Don’t fret though, because did you know that the government will actually help you pay the deposit for your first home? Yes, no joke! This scheme is known as First House Deposit Financing Scheme or MyDeposit, and is aimed at Malaysians who want to buy houses for the first time. 

Actually, the scheme has been ongoing ever since it was announced in Budget 2016 but don’t worry, you’re not too late for this year’s application. According to NST, applications have been open since 15 December 2017 and will be closed on 15 February 2018. Remember to apply before it’s too late!

M'sians Can Buy Their First Home With This Government Deposit Scheme - World Of Buzz

Source: imoney

The scheme allows you to get a one-off payment of 10 per cent financing of the house price or a maximum of RM30,000 (whichever is lower) for applicants with a household income of between RM3,000 and RM15,000 for the purchase of houses costing RM500,000 and below.

Best of all, you don’t have to pay back this amount to the government if you manage to get it! Yay, free money! Single individuals can apply but priority would be given to married couples and the money would be paid directly to the housing developer.

Here’s the criteria in order to be eligible for the scheme:

1. You must be a Malaysian citizen

2. You must be aged 21 years old and above

3. You must be a first-time home buyer for the entire household

4. Your entire household income is between RM3,000 and RM15,000

Do you make the cut? You can submit your application online here along with your supporting documents required, which you can check here.

M'sians Can Buy Their First Home With This Government Deposit Scheme - World Of Buzz 3

Source: sprn

For more information on this scheme, check out their website here or their FAQs here.

Now, quickly apply before 15 February 2018! You don’t want to miss it!

 

Also read: New Housing Scheme Allows Johoreans To Buy Property With Only RM1 Deposit

Johor Sultan Announces Rm1 Deposit For New Housing Scheme, Netizens Overjoyed - World Of Buzz 4


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Ft Database Ft Database
News7 hours ago

Another Database Allegedly Leaked & on Sale For Almost RM44,000, Has Information on 22.5 MILLION M’sians

Just 8 months ago 2 huge database were put up for sale on a well-known marketplace forum. One of the...

Plastic Bag Charge All States Plastic Bag Charge All States
News7 hours ago

Minister: All States Agree On Min. RM0.20 Pollution Charge Per Plastic Bag To Combat Single Use Plastic

We use a lot of plastic bags in our daily life, especially when we tapau lunch or go to get...

Ft Lie 1 Ft Lie 1
News13 hours ago

“He is a compulsive liar” – Mahathir Threatens to Sue Zahid Hamidi For Questioning His Malay Ancestry

When it comes to accusations, it is always best to make sure that you’ve done your fair bit of research...

Collage 33 Collage 33
News1 day ago

M’sian Billionaire Loses RM21 Million to Macau Scam, Largest Fraudulent Case Targeted at a Person

Scams are as old as time and you would think that we have grown familiar enough with them to avoid...

Collage 10 2 Collage 10 2
News2 days ago

Policeman Uses Mobile Phone While Driving on Federal Highway, PDRM Calls Him in & Issues a Summon

It’s not only illegal to be on the phone with your hands on the wheel but it also endangers other...

My Post 42 My Post 42
News2 days ago

Prices of Necessities May Increase by up to 60% Next Month

There have been a lot of factors that have led to an increase in the prices of goods. The prices...

Collage Final 1 2 Collage Final 1 2
News2 days ago

Malaysia Ranked 8th Most Dangerous Country to Drive in With Road Traffic Death Rate of 22.5

We all know how dangerous driving in Malaysia can be but how do we rank out of the other countries...

Collage 6 2 Collage 6 2
News2 days ago

Pieces of Stone Statue Fall From Gopuram of Ipoh Temple, Kills A Woman & Injures 2 Others

A woman in Ipoh met her tragic & unfortunate death yesterday (15 May) during a ritual ceremony in a temple....

Announcement

Latest Videos



TRENDING TODAY