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Queensland Housing Finance Loan

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About the Queensland Housing Finance Loan

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What is the Queensland Housing Finance Loan?

The Queensland Housing Finance Loan offers access to home ownership through the Queensland Department of Housing. This home loan provides an opportunity to those who have the capacity and commitment to buy or build a home.

The Queensland Housing Finance Loan is designed to help people earning low to moderate incomes to:

buy an established house, unit, townhouse or duplex; or
build a house.

The Queensland Housing Finance Loan features:

no mortgage insurance fees, saving you potentially up to $2,000; and
no monthly account keeping fees.

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Interest rates

The Queensland Housing Finance Loan provides a choice of two interest rate types:

A Standard Variable Interest Rate.
A Three Year Fixed Interest Rate.

Queensland Housing Finance Loan comparison rate

A comparison rate is a tool to help consumers identify the true cost of a loan. It is a rate which takes into account both the interest rate and fees and charges relating to a loan, reduced to a single percentage figure. Comparison rates are calculated in accordance with a standard formula, which takes into account:

the amount of the loan;
the term of the loan;
the repayment frequency;
the interest rate; and
the fees and charges connected with the loan (except for government charges, such as stamp duty or mortgage registration fees and fees and charges which may or may not be charged, because they depend on some event which may or may not occur such as early repayment fees, and fees and charges which are not ascertainable at the time the comparison rate is provided).

Queensland Housing Finance Loan comparison rate schedules

A comparison rate schedule is a list of comparison rates for a range of standard loan amounts and terms for a particular credit product. The standard amounts and terms have been set in legislation and a comparison rate must be provided for all of the listed amounts that are generally available for that credit product.

As they use the same loan amounts and terms, comparison rate schedules can be used to compare the comparison rates of different credit products.

Use the Queensland Housing Finance Loan for Purchase with Variable Interest Rate schedule (19Kb) if you are enquiring about Queensland Housing Loan finance with variable interest rate to purchase an established house, unit, townhouse or duplex.
Use the Queensland Housing Finance Loan for Construction with Variable Interest Rate schedule (19Kb) if you are enquiring about Queensland Housing Finance Loan finance with variable interest rate to construct a home.
Use the Queensland Housing Finance Loan for Rental Purchase Plan Refinance schedule (19Kb) if you currently have a Rental Purchase Plan agreement with the department and you are enquiring about Queensland Housing Finance Loan finance with variable interest rate to move to full ownership.
Use the Queensland Housing Finance Loan for Purchase with 3 Year Fixed Interest Rate period schedule (19Kb) if you are enquiring about Queensland Housing Finance Loan finance with 3 Year Fixed interest rate to purchase an established house, unit, townhouse or duplex.
Use the Queensland Housing Finance Loan for Construction with 3 Year Fixed Interest Rate period schedule (19Kb) if you are enquiring about Queensland Housing Finance Loan finance with 3 Year Fixed interest rate to construct a home.
Use the Queensland Housing Finance Loan for Rental Purchase Plan Refinance with 3 Year Fixed Interest Rate period schedule (19Kb) if you currently have a Rental Purchase Plan agreement with the department and you are enquiring about Queensland Housing Finance Loan finance with 3 Year Fixed interest rate to move to full ownership.