Homepay - www.vervgroup.com.au

REACH YOUR NEW HOME FASTER

BOOST YOUR BUDGET WITH

MORE BORROWING CAPACITY

giving you the freedom to explore a larger home, a better location, or added inclusions. Choose a lifestyle that suits you and move into your dream home faster.

FREE YOUR CASHFLOW WITH

MONTHS PAUSED REPAYMENT

on build and land. Stay stress-free and remove financial pressure while your dream home is under construction.

BOOST YOUR BUDGET WITH

30% MORE

BORROWING CAPACITY

Giving you the freedom to explore a larger home, a better location, or added inclusions. Choose a lifestyle that suits you and move into your dream home faster.

FREE YOUR CASHFLOW WITH

12 MONTHS

PAUSED REPAYMENTS

on build and land. Stay stress-free and remove financial pressure while your dream home is under construction.

WHY USE HOMEPAY?

Finance with Ease

Your home loan is backed by market competitive rates, generous borrowing capacity and trusted lenders.

Build with Confidence

Verv have been indepedently audited to ensure an adherence to project timelines, and a commitment to high-quality construction.

Accessibility

Loans are available to anyone, whether you are a first home Buyer, second home buyer or an investor.

WHO IS HOMEPAY FOR?

FIRST HOME PAY

Finally you can rent and build at the same time. First home owners grant accepted.

SECOND HOME BUYERS

Remove the financial pressure while your next home is under construction.

Accessibility

Target beginning loan repayments once the property begins generating rental income.

COMPARE SCHEMES

	5% Deposit Govt. Guarantee Scheme	5% Deposit	Build Now, Pay Later
Repayments	Interest only during construction	Interest only during construction	Paused for 12 months on build + land
Available for	First home buyers only	All owner occupiers	Owner occupiers & Investors
Deposit	5% genuine savings (required)	5% genuine savings (not required)	From 8% genuine savings (not required)
LMI	None	Capitalised into the loan not required up front Mav LXR up to 102%
Servicing Buffer	3% significantly restricts borrowing capacity	2% and 0% = up to 30% more borrowing capacity than the major banks

	5% Deposit Govt. Guarantee Scheme
Repayments	Interest only during construction
Available for	First home buyers only
Deposit	From 8% genuine savings (not required)
LMI	None
Servicing Buffer	3% significantly restricts borrowing capacity

	5% Deposit
Repayments	Interest only during construction
Available for	All owner occupiers
Deposit	5% genuine savings (not required)
LMI	Capitalised into the loan not required up front Mav LXR up to 102%
Servicing Buffer	2% and 0% = up to 30% more borrowing capacity than the major banks

	Build Now, Pay Later
Repayments	Paused for 12 months on build + land
Available for	Owner occupiers & Investors
Deposit	From 8% genuine savings (not required)
LMI	Capitalised into the loan not required up front Mav LXR up to 102%
Servicing Buffer	2% and 0% = up to 30% more borrowing capacity than the major banks

EMAIL NOW TO BEGIN YOUR JOURNEY

FREQUENTLY ASKED QUESTIONS

How much of a deposit will i need?

Homepay’s lenders will offer loans with deposits from as low as 5% but this will be dependent on your individual financial situation and whether you plan to live in the property or if it is an investment. You can also use other incentives to reduce your deposit such as First Home Owner Grants or gifts from family.

Homepay & North Homes do not provide financial advice so a mortgage broker will advise you on exactly how much money you will need based on the estimated price of your home and some strategies you can use to help obtain your deposit.

How do paused repayments work?

With a normal construction loan, you’re required to start making repayments from the day you settle on your land — and continue paying throughout the entire construction period, no matter how long it takes!

However, with a Homepay loan, you enjoy 12 months of paused repayments on both your build and land loan from the moment your loan settles. That means no out-of-pocket loan repayments during your first year — giving you breathing room while your home is being built!

While repayments are paused, interest does gradually build in the background but you won’t need to pay anything during this time — something no other lender offers. After 12 months, your regular repayments will begin, and the paused interest is repaid gradually over time — just like a standard loan.

It’s a simple way to ease the pressure while your home takes shape and a key reason so many people are choosing a Homepay loan to build their first home, next home, or investment!

How does homepay work?

Simply select your Homepay builder, pay your deposit and secure your Homepay loan through one of our trusted lender.

Enjoy peace of mind as your out-of-pocket house and land mortgage repayments are paused for up to 12 months while your Homepay Accredited Builder constructs your dream home.

When your home is complete, you can move into your dream home or, if you’re an investor, your tenants can move in and start paying rent.

With Homepay, you benefit from no out-of-pocket house and land repayments for up to 12 months. After this period, your regular repayments will begin—just as your dream home or investment property starts working for you.

If i want to build via homepay loan who do i contact?

Everything remains the same as a normal home loan scenario.

You will contract with the builder directly and also with a Homepay partner lender for your home loan (who all offer market competitive rates!) - You won’t need to contract with HomePay at all.

And is Homepay really free you ask? 100% free in fact. Homepay charges our builders auditing fees to enable our team to continue to audit their business to ensure their performance and build times. This enables us to keep our service free so that you won't be charged anything by Homepay, ever!

i’m a first home buyer and don’t understand what to do next?

Can i use homepay to build a custom designed home?

No, Homepay is only available with standard designs offered by our accredited builders.

This is one of the ways Homepay accredited builders help minimise build times and ensure quality as they have been able to deliver these designs efficiently elsewhere.

Homepay accredited builders have a large range of professionally designed homes to choose from and to the those with a love for interior design: You will still have the ability to select colours and inclusions as normal so don’t worry!