First home + FHG 5% deposit: Melbourne Caulfield $680k

Client profile

The bottleneck

The client first walked into the big four:

1. NAB: 5% deposit puts LMI at $23,800 — added to loan, DTI tips over threshold. "Come back when you have $20k more."
2. CBA: PR under 2 years + wife's PAYG under 3 years → Tier-2 pricing, +25 bp rate
3. ANZ: initial view fine, but FHG Q1 2026 allocation was already exhausted; April re-opened, queue pushed them to June

The real constraint: the Caulfield apartment's cooling-off window was 4 business days — miss it and the $5k deposit is lost.

How Halo ran it

Action	Why	Timing
Go straight to Bendigo FHG internal channel	Halo's reserved allocation isn't affected by public pool exhaustion	Day 0 AM
Request HECS offset by repayment (not balance)	Saves $42k in servicing pressure	Day 0 PM
Submit Bendigo pre-assessment	Bendigo recognises the HECS repayment-offset logic	Day 1
Provide 3-month genuine savings proof	Banks worry about gifted deposits; our client had clean corporate transfer records	Day 1
Formal approval issued		Day 2 PM

46 hours total — 2 days inside cooling-off.

Outcome

• Loan $646,000, LVR 95%, FHG government-guaranteed — LMI waived ($23,800 saved)
• Rate: Bendigo 3yr fixed 6.09% p.a. (standard 6.19%, Halo client discount -10 bp)
• Monthly repayment $3,890 — 5% under the client's $4,100 budget

匿名 Scenario决策时效 · 46h

Profile

PAYG couple · 3 + 2 yrs · Melbourne Caulfield

Scenario

$680k apartment, 5% deposit, tight cooling-off window

结果

Bendigo FHG 46h approval, LMI waived, 3yr fixed 6.09%

Replicates to similar scenarios

• New migrants with 1-2 yrs PR + 2-3 yrs PAYG
• Young professionals with HECS > $30k
• 5-10% deposit buyers racing cooling-off periods

Run your case through Halo · Related product Halo Prime · Related lender Bendigo Bank