Finance for Acceptable Government allowance/payments
Posted Thursday, 16 January 2014 at 16:08 by Shape Home Loans
Tagged: Hint/Tip
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List of acceptable government allowance for financing a home loan
Below is a list of common government allowance and payments, not all allowances are acceptable as listed below. The below list is not a full comprehensive list, it's more of a guild; Contact your Shape Home Loans broker for a personalized quote and advice today!
** List below is some of the typical answers provided by 2 leading banks only.
|
Government Payment |
Acceptable to Banks ? |
|
Abstudy |
No |
|
Age Pension |
Yes |
|
Assistance for Isolated Children (AIC) Scheme |
No |
|
Austudy |
No |
|
Baby Bonus |
No |
|
Bereavement Allowance |
No |
|
Carer Allowance |
Case by Case |
|
Carer Payment |
Case by Case |
|
CDEP Participant Supplement (CPS) and Supplementary Benefits (Add-ons) |
No |
|
Child Care Benefit (CCB) |
No |
|
Child Care Tax Rebate |
No |
|
Crisis Payment |
No |
|
Department of Veterans’ Affairs Service Pension |
Yes |
|
Disability Support Pension |
Yes |
|
Double Orphan Pension |
No |
|
Family Tax Benefit Part A |
Yes |
|
Family Tax Benefit Part B |
Yes |
|
Foster Care Allowance |
Case by Case |
|
Health Care Card (Family Tax Benefit) |
Case by Case |
|
Jobs Education and Training Child Care Fee Assistance (JETCCFA) |
No |
|
Large Family Supplement |
Yes |
|
Maternity Pay |
Case by Case |
|
Mature Age Allowance |
No |
|
Mobility Allowance |
Case by Case |
|
Newstart Allowance |
No |
|
Parenting Payment |
No |
|
Partner Allowance |
No |
|
Pension Bonus Scheme |
No |
|
Pensioner Education Supplement |
No |
|
Pharmaceutical Allowance |
No |
|
Remote Area Allowance |
No |
|
Rental Assistance |
No |
|
Sickness Allowance |
No |
|
Special Benefit |
No |
|
Widow Allowance |
Yes |
|
Widow B Pension |
Yes |
|
Wife Pension |
Yes |
|
Youth Allowance |
No |
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